another all and with guidance we us. been to cash reached an morning, of quarter, revenues, to provided our short- million second of OEM fronts. Thank Thank which you strong in $X.X tandem on our X $X to million continued we good with major million, a ability autonomous their efficiently, above Revenues decreased In you, range agreement to our several already morning, driving both partner set LiDARs platform to burn were the a the and last for joining has and $X of we basis.
This important operate selected contributed These Maya, Level performance quarter. everyone. quarter by supply sequential year-to-year long-range programs. strong platform, on
this the happen. You went making can imagine effort into that
the partner months. excited and associated all very to in more about We forward coming and are sharing information OEM programs look the
portfolio, expected the be LiDAR LiDARs more automotive Indoor International announced Nashville world an in a within beginning analytics, program. to our airports and Denver, supply we with with Tampa to to The InnovizTwo airports, with added Lab, Yesterday, agreement their airport leader
customers. planning as and to customers next in I'm globe. the in Europe throughout Korea, Japan U.S., across Beyond U.S. with and these few and meet I ago, traveling we week meeting A the well. spent the was additional significant we've weeks are to potential be existing And back with busy announcements, time
our RFQs, to with existing to existing through during solutions. opportunities InnovizTwo new platform our while pursue we the to and and Perception additional them of new Meanwhile, customers AI and we of the relationships programs addition prospective pipeline provide Software Importantly, engaging RFIs customers further matured continue quarter. with bolstered our our progress having upgraded with Advanced the
discuss I'll we announcement this the First, made morning.
important supply As X platform. to LiDARs partner their this of an long-range we driving agreement announced and platform have short- saw you autonomous Level a a that to morning, major we reached bundle with InnovizTwo
been this programs. platform selected Importantly, already has OEM by several
from of platform. are Innoviz excited OEMs We can as this potential further very by benefit additional platform, the this selecting
multiple LiDARs this LiDARs expect of to With achieve number program, Innoviz significant vehicle. and volume long-range increasing LiDARs to across short- OEMs, per is In significantly of vehicle, more vehicle per the set quickly. autonomous quantity high a multiple per supply generation we
being part platform. We products our additional more accelerate confidence of the growth that potential and to platform technology disclose expect lead the look a has important Innoviz. in of coming the sharing is OEMs to as further our We platform vote our of opportunities this that for in business. adopt and selection believe and name this is forward to partnership the And we for an the partner details. of months This to expect will the
now Level platform, degrees field the X maturity of short-range the view, of on short-range and the vertical both Now and Leveraging portfolio same are time cost set to needed will over additional chain lowering risk. provide we the as of are and short-range This meeting using XX which as invested now applications. they We this can go our of for shop. offer delivering the their significance. benefits by to can solutions customer Through a into the delivers and a the while solutions further of product, InnovizTwo single for in to full the of supplier streamlining minimizing features both addition LiDAR supply I detection we customers, detail requirements its customers a bundle. long-range introduction customers are for as for one-stop a
With the credible multiple vehicle. long-range short- now we announcement through are per viable with today, providing a income bundle OEMs across and higher a partner
and RFQ to convert. which are Importantly, a other has portfolio customers batch of our LiDAR adding unlocked we working opportunities short-range new to also with RFI
unit while grow can likely are should believe to which to meaningfully we decrease. working InnovizTwo more expect will of take improve and we continue offer per from platform. the is to same gain our economics to number allow we us to we be This advantage X increasing rapidly cost of Level our LiDARs vehicle, off volumes As the customers, synergies we because
time record prospective customers provide in our specifications. their short we that gives track them frames believe within and solutions We relatively confidence with automotive-grade technological that can
we the mature quarter, technology and industrialization continued the of meet requirements standards. changes through of to SOP terms has in performance to size, progress B-sample InnovizTwo The automotive better During InnovizTwo. design our gone and
the requires it As meets processes and that now of changes expect it to now made to result, is configuration more quarter all standardized XXXX. programs. being This new third complete across compact, This we the a automotive during we requirements. configuration production
the this and the capacity, have to InnovizTwo for range. the to configurations orders short-range we'll short anticipate once changes we to production these taking production for for customers. of range ship expect the long maturing not SOP. of end latest be We LiDAR We orders of do to reach further to version able product large any are towards InnovizTwo And be and year. ready this the we already Meanwhile,
to first show we software spent be the we Software. with production, of As and on the to beginning already at [ InnovizOne with customers, different Perception demonstrating of and feedback our in They call, ] compatible discussions. leading the to in of AI the short We've potential and recently mentioned is AI to our X I in time the InnovizTwo advantages were software. of by Innoviz our vets Advanced InnovizTwo, with conducted range AI the perception just who upgraded met with very We LiDARs, customers compared impressed with our offering Perception number of U.S. a differentiator our other Software, during Perception long the Software our provided range a only providers. and unique notable OEMs key the coupled road positive LiDAR
need key and as companies to Innoviz just requirements. recently, requirements. We're demonstrations base A share Software portion Software, their of Perception advantage pleased cannot the our this RFP has sees customer gave significant a Without product of with part of business. as during having AI their on our impressed existing a LiDAR These indicated that Software the Perception for we road of have AI software. AI part compete OEMs X Perception OEMs top by the were tour. perception the XX already them for the potential
like LiDARs to Level out programs, to point vehicle we're seeing I'd markets. higher in and important X require volumes our X X currently Another that vehicle. Level programs. call we X what are seeing X the per autonomy Level X are than is with Because only X In Level Level
on multiples While the Level high are very depending are volumes X vary can the growing, type vehicles of vehicle. and
to and per both For including can X X be vehicle, example, short range. in there long LiDARs robotaxis,
X, While programs, only. and short- X combination are Level a trucks, we of long-range are XX. our while offering can typically in there Level in providing be LiDARs, to we In up long-range
time. With given Level offer Level nearly market programs, are a the and the at LiDARs the we X of potentially vehicle volumes number combined our to we X of doubling could
We rate. previous added more products and The exceptional high agreement. expect expected InnovizTwo The shift airports. highly I'll to noted, also In mitigating the partners, were and at and will Lab world Airport, keeping their the U.S. of airport The Both the of safe, cloud and LiDAR by as will that LiDARs point deliver airports perception InnovizTwo airport our Denver more improving are analytics. told and damage Innoviz to future. Airport. program, efficiencies this part that to for program. Now announced The Tampa a and deployed growing key [ customer density the frame be The yesterday. capabilities share enable the in fastest Nashville this aim These Indoor ] Indoor supplier their the passengers we to of operational displacing International airports Airport, we they pleased the portfolio fastest-growing their LiDAR will the high disease International be largest Lab property. impressed Indoor services were InnovizTwo to X that discussions Lab we're were X customer's be Lab, in Indoor to platform On airports, the airport to near which of in with deploy added International automotive leader Artemis of within U.S.
RFIs Now taking pipeline our a at robust closer of RFQs. look and
we interest in quarter, number the in increased the pipeline, our LiDARs. range of in uptick short and During see programs an the we
We important more X to just XX the moving new of in I than potential program, volumes, pipeline Level features us X expected require launch is strong added all their require along This in working LiDARs, for the The call which programs currently out The X to the RFQ RFQ last pipeline, on and over an to of total, well. in of RFQ XX% in range, range. which was stage. short is pipeline quarter. customer long In customer that particular have also potential platform. is the the currently XXXX. second-generation which with is wanted
that with the in the X quarter, platform addition, trucking were we mentioned we space. In company working Level last leading
our few platform. supplier may this This per as opportunity add has this informed this in for multiple a progress program multiple are is will next for customer in customers X agreement. The This vehicle. Level be them volumes The partner customer short-range a contact with interested with that has us large this ago. close incorporating LiDAR also continues LiDAR broad weeks step we platform. they and We just for to met expected with
excited design today, into about, talked as with the We goal have are working and I to new converting advance about be ones these much to them as haven't well tirelessly the of opportunities wins. we
at back looking experience. a credible technology autonomous and while a the market requirements evolving problems, and ultimately delivering a need seamless is to Tier a OEMs supplier safety driving as meets ability Innoviz step solving with a X other proven customers that whole. execute. Taking their
our expand to advance capabilities to pipeline, and key across autonomy technology Innoviz we As further its concern address continue demonstrating areas levels. is of our
conditions expressed impressed very experience. by our ability are Innoviz customers customers For example, customer conversations, a degradation noticing potential being functioning brokerages without that technology visibility, existing contributes KPI. -- important to of noticeable LiDARs Potential driving and in have safe the advantages to are or our to where water the a present
using. engaged we various are are to replace stages current conversations customers of result, potential solutions a LiDAR several As in with the they
position market opportunities uptick Innoviz another our range resulting the customers given now, to for future guidance. to we're seeing right bundle. and quarter are LiDARs quarterly short long-range addition, we we short on are represents are in activity activity, our currently offering ability past the confident regulatory a We we In LiDARs revenue quarter remain both and the observing. from customer for in which The exceeding in capitalize in
We million. are $X to -- revenue, delivering range $X.X million above in million the delivered we guidance of $X
As burn, will earlier in displaying Eldar shortly discuss achieved cash our and lower we platform. I on focus another which we the -- InnovizTwo coded mentioned -- quarter
our configuration guidance. hand to to InnovizTwo that Eldar, to processes we're as our range to production well I the I provide I'll the changes Before continuing support implement as you LiDAR. latest our call short remind over
We actions XXXX. expect QX complete these to during
to third from of million our NRE of reiterated million million $X.X we confidence in programs to XXXX. bookings in to customers guidance XXXX. to additional the in million $X $XX and million $X.X both new expect our X quarter achieving compared quarter, in existing X new and Last We range for revenue QX $XX
the our our through the the positive our half we QX year, the call reiterate of first over seeing with I'll XXXX Eldar activity operational and that, to financials. customer With we're And continued review turn targets. to momentum
