Innoviz Technologies Ltd., a leading supplier of automotive-grade LiDAR sensors and perception software, reported its financial results for the first quarter of 2025. The company achieved revenues of $17.4 million, a significant increase from $7.1 million in the first quarter of 2024. This growth was driven by a combination of NRE services, production units, and sample shipments. The company reported operating expenses of $21.0 million for Q1 2025, reflecting a decrease of 34% compared to $31.7 million in the same period of the previous year. Share-based compensation included in these expenses was $3.0 million, down from $5.9 million in Q1 2024. Innoviz's liquidity as of March 31, 2025, stood at approximately $85.4 million, comprising cash and cash equivalents, short-term deposits, marketable securities, and short-term restricted cash. Looking ahead, Innoviz reiterated its full-year 2025 revenue guidance of $50-$60 million, which represents more than double the revenue levels of 2024. The company also anticipates an additional $20-$50 million in NRE bookings for the year, with a portion already secured. Furthermore, Innoviz expects to achieve 1-3 new program wins in 2025. In terms of business developments, Innoviz is accelerating its LiDAR shipments to Volkswagen Autonomous Mobility for the ID. Buzz AD on the Mobileye Drive™ platform. This is in preparation for fleet deployments by MOIA and Uber, with support from its partnership with Fabrinet for volume production. Additionally, the company is seeing growing momentum with NVIDIA and the Hyperion platform, along with progress in discussions with a major OEM evaluating Hyperion for potential integration.