Business Context and Reporting Period
This Form 6-K filing by Innoviz Technologies Ltd. covers the month of July 2026, specifically dated July 28, 2026. The report details a registered direct offering of ordinary shares and provides preliminary, unaudited financial results for the three-month and six-month periods ended June 30, 2026.
Key Financial Metrics
- Revenue (Q2 2026): Expected to be between $17.9 million and $18.1 million for the three months ended June 30, 2026.
- Liquidity: As of June 30, 2026, the company held approximately $48.4 million to $48.5 million in cash, cash equivalents, bank deposits, marketable securities, and short-term restricted cash.
- Profit and Margins: The filing text does not provide a clear value for net income, operating profit, or specific margin percentages.
- Debt: The filing text does not provide a clear value for outstanding debt obligations.
- Cash Flow: The filing text does not provide a clear value for operating, investing, or financing cash flows.
Material Changes and Corporate Actions
On July 28, 2026, Innoviz entered into a Securities Purchase Agreement to sell 66,666,667 ordinary shares in a registered direct offering. The transaction is expected to close on July 29, 2026, generating gross proceeds of approximately $30 million before fees and expenses. Net proceeds are designated for general business purposes, with a specific focus on supporting the commercialization of "Perciz," the company's dedicated security and defense brand.
Additionally, directors and executive officers have entered into a 45-day lock-up agreement, and the company is restricted from issuing new shares or filing new registration statements for 45 days post-closing, subject to exceptions.
Guidance, Outlook, and Risks
Outlook: Management expects the Q2 2026 revenue to fall within the $17.9 million to $18.1 million range. The company anticipates utilizing the new capital to advance its defense and security initiatives.
Risks and Contingencies: The financial results presented are preliminary and unaudited; actual results may vary upon completion of end-of-quarter accounting procedures. The filing includes standard forward-looking statement disclaimers regarding market conditions, trading price volatility, and the satisfaction of closing conditions for the offering. Kesselman & Kesselman (PwC network member) has not audited or reviewed these preliminary results.
Investor Verification Checklist
- Verify the final closing of the $30 million registered direct offering and the actual net proceeds received after placement agent fees.
- Confirm the final audited revenue figure for the quarter ended June 30, 2026, against the preliminary range of $17.9 million to $18.1 million.
- Review the full interim financial statements once released to assess net loss, cash burn rate, and total debt levels, which are not detailed in this summary.
- Monitor the progress of the "Perciz" commercialization efforts as the primary use of proceeds.