Quarterly ResultMay 14, 2026, 08:37 AM
Innoviz Q1 Revenue -59% to $7.1M; Net Loss Widens to $26.2M; Nasdaq Non-Compliance
AI Summary
Innoviz Technologies reported a significant decline in Q1 2026 revenues, falling 59% to $7.1 million, and its net loss widened to $26.2 million from $12.6 million in the prior year. The company also received a Nasdaq notification for non-compliance with the minimum bid price requirement, with a grace period until September 21, 2026. Despite financial challenges, Innoviz launched its InnovizTwo Ultra Long-Range LiDAR and entered the defense and homeland security markets.
Key Highlights
- Revenue decreased 59% to $7.1 million in Q1 2026 from $17.4 million in Q1 2025.
- Net loss widened to $26.2 million in Q1 2026 from $12.6 million in Q1 2025.
- Gross profit turned into a loss of $1.6 million in Q1 2026 from a profit of $7.0 million in Q1 2025.
- Basic and diluted net loss per share increased to $0.12 from $0.07 year-over-year.
- Received Nasdaq notification for non-compliance with minimum bid price requirement.
- Launched InnovizTwo Ultra Long-Range LiDAR on April 22, 2026.
- Entered defense and homeland security markets on April 28, 2026.
- Net cash used in operating activities was $14.5 million, an improvement from $18.8 million.