Innoviz Technologies Ltd (NASDAQ:INVZ) Q3 2024 Earnings Conference Call November 13, 2024 9:00 AM ET
Company Participants
Omer Keilaf - Chief Executive Officer
Eldar Cegla - Chief Financial Officer
Conference Call Participants
Andres Sheppard - Cantor Fitzgerald
Mark Delaney - Goldman Sachs
Jash Patwa - J.P. Morgan
Operator
Good morning. I would like to welcome you to our Q3 2024 Earnings Conference Call. Joining us today are Omer Keilaf, Chief Executive Officer; and Eldar Cegla, Chief Financial Officer. Following their opening remarks, we will open the call to your questions. I would like to remind everyone that this call is being recorded and will be available on the Investor Relations section of our Web site at ir.innoviz.tech.
Before we begin, I would like to remind you that our discussion today will include forward-looking statements that are subject to risks and uncertainties relating to future events and the future financial performance of Innoviz. Actual results could differ materially from those anticipated in the forward-looking statements. Forward-looking statements made today speak only to our expectations as of today, and we undertake no obligation to publicly update or revise them. For a discussion of some important risk factors that could cause actual results to differ materially from any forward-looking statements, please see the Risk Factors section of our Form 20-F filed with the SEC on March 12, 2024.
Omer, please go ahead.
Omer Keilaf
Thank you, Maya, and good morning, everyone. Thank you for joining us. The third quarter represents another strong quarter for Innoviz, both in terms of revenue and cash performance. During the last quarter, we announced a new partnership with a leading Level 4 platform partner. Today, I'm happy to share that, following this agreement, we entered two new OEM programs, with expected SOP in 2026. I will share more detail on this momentarily. Revenues for the quarter were $4.5 million, above the midpoint of our guidance