Key Points – Record Q2 revenue reached $18.1 million, driven by higher non-recurring engineering revenue tied to customer milestones; gross margin returned to positive territory. – Innoviz is expanding into defense and homeland security under its Perciz brand, including a $3.5…
llion initial order for counter-drone and perimeter-security applications. Management expects non-automotive revenue to grow to as much as 10% in 2026 and 20%–30% in 2027. – Automotive programs with Volkswagen, Daimler Truck, Mobileye and a newly announced top-10 automaker continue advancing
Innoviz raised $30 million in gross proceeds and reiterated its 2026 revenue target of $67 million to $73 million, with funding expected to extend its runway into 2028. – The 3 Penny Stocks You Swore You’d Never Buy (But You’ll Check Anyway) Innoviz Technologies (NASDAQ:INVZ) reported record second-quarter revenue of $18.1 million as higher recognition of non-recurring engineering, or NRE, revenue tied to customer milestones helped lift results. The lidar developer also said it is expanding into defense and homeland-security applications through its new Perciz brand, citing an initial multimillion-dollar order and a growing customer pipeline. Chief Executive Officer Omer Keilaf said the company’s automotive-grade lidar technology is being adapted for counter-unmanned aerial systems, perimeter security and unmanned ground vehicles.
He said governments in Israel, the U.S., Europe and elsewhere are increasing spending to address emerging security threats, creating what Innoviz views as a multibillion-dollar addressable market. Defense and Security Expansion Innoviz said it received its first major defense order, valued at $3.5 million, for several hundred lidar units to be used in counter-UAS and perimeter-security applications. Keilaf said the systems have been installed and are operational in several locations, while the initial program could lead to larger volumes following its first deployment.