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TEL AVIV - Innoviz Technologies Ltd. (NASDAQ:INVZ), whose stock has surged nearly 200% over the past six months according to InvestingPro data, announced Tuesday that its hardware qualification testing laboratories have received ISO/IEC 17025:2017 certification, an international standard that validates testing laboratory competence.
The certification positions the automotive LiDAR supplier among the few in its industry with accredited in-house testing capabilities, potentially enabling faster testing and earlier product delivery to customers. With a solid current ratio of 3.56x and more cash than debt on its balance sheet, the company appears well-positioned to support its operational expansion.
Innoviz’s certified laboratories provide comprehensive testing services including temperature and humidity testing, stone impact testing, weather resistance testing, and mechanical vibration and shock testing.
"This ISO/IEC 17025 certification elevates our laboratory capabilities to the highest international standards and gives OEMs confidence in our hardware qualification testing processes, skills, and quality management," said Omer Keilaf, CEO and Co-Founder of Innoviz Technologies, in a press release statement.
The company indicated that bringing critical tests in-house with automated testing equipment creates efficiencies in development processes while potentially accelerating customer product timelines.
This latest certification adds to Innoviz’s quality management credentials, which include IATF 16949:2016 certification for automotive quality management systems, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management.
Innoviz Technologies serves as a Tier-1 supplier to automotive manufacturers, providing LiDAR sensor platforms and complementary software stacks for autonomous vehicle applications. While analysts project 129% revenue growth for FY2025, InvestingPro analysis indicates the stock is currently trading near its Fair Value. For deeper insights into Innoviz’s financial health and growth prospects, including 12 additional ProTips and comprehensive valuation metrics, explore the full Pro Research Report available on InvestingPro.
In other recent news, Innoviz Technologies reported its second-quarter earnings for 2025, revealing a revenue shortfall. The company’s earnings per share met forecasts at -$0.09, but revenue came in at $9.75 million, missing the expected $10.75 million. In addition to the earnings report, Innoviz announced a significant development in the autonomous vehicle sector. The company has been selected by a major commercial vehicle manufacturer to supply LiDAR units for SAE Level 4 autonomous class-8 semi-trucks. This agreement involves the provision of InnovizTwo sensors for data collection this year, with further software development planned to meet vehicle integration requirements. Furthermore, Goldman Sachs has upgraded Innoviz’s stock rating from Neutral to Buy, raising the price target to $2.50 from $1.50. The upgrade is based on Innoviz’s design win potential and its valuation compared to other lidar peers. These developments highlight the company’s ongoing efforts to strengthen its position in the autonomous technology market.
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