On August 26, 2025, Innovusion updated its prospectus, furthering its progress towards listing on the Hong Kong Stock Exchange. According to the prospectus, the company reported revenue of $25.296 million for the first quarter of 2025, accompanied by a gross profit of $3.197 million and a gross profit margin that surged to 12.6%. This builds upon the positive gross profit momentum from the fourth quarter of 2024, signaling ongoing profitability. As the pioneer in mass-produced automotive-grade LiDAR solutions, Innovusion's offerings span passenger and commercial vehicles, and the company has successfully secured designated orders from multiple Original Equipment Manufacturers (OEMs) and Advanced Driver Assistance Systems (ADAS)/Autonomous Driving Systems (ADS) companies. These pending orders are anticipated to convert into sales within the next year.