Headquartered in 5 Uri Ariav Street, Rosh Haayin Fiscal year ends December NASDAQ: INVZ innoviz.tech
Innoviz Technologies develops and supplies automotive-grade LiDAR sensors and complementary perception software. These provide high-range, high-resolution 3D sensing, including in harsh weather conditions.
The company operates as a Tier-1 supplier to automotive manufacturers. Its programs include work with Volkswagen and Daimler Truck, along with Level 3 and Level 4 autonomy development programs such as LOXO's Level 4 autonomous delivery platform.
Innoviz has repositioned itself around two end-markets:
- **Automotive:** expected to drive volume growth as programs ramp.
- **Defense and homeland security:** sold under the Perciz brand. Perciz offers the existing automotive-grade sensors for counter-UAS, perimeter intrusion detection and other security applications, at much higher ASPs and with shorter sales cycles.
The company also targets industrial and smart infrastructure markets. Revenue comes from non-recurring engineering (NRE) services tied to program design wins and from LiDAR unit sales. Customers include automotive OEMs, system integrators, municipalities, commercial enterprises and government organizations across the U.S., Europe and Asia. Updated
Editor’s note: Luminar Technologies filed for Chapter 11 bankruptcy and was delisted from Nasdaq. Its lidar business assets, including the Iris and Halo product lines, were subsequently acquired by MicroVision (NASDAQ:MVIS) in…
Innoviz Technologies develops and supplies automotive-grade LiDAR sensors and complementary perception software. These provide high-range, high-resolution 3D sensing, including in harsh weather conditions.
The Wall Street consensus 12-month price target for INVZ is $0.40.
