Lidar supplier Innoviz Technologies reports Q1 2022 revenue at USD1.77 million, up 144% y/y

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Financial results

The company’s research and development expense amounted to USD22.7 million in the first quarter of 2022

Innoviz Technologies has reported first-quarter revenues at USD1.77 million with a year-on-year (y/y) increase of 144% compared to USD0.727 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 11 May 2022.

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