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Innoviz Technologies Ltd. Ordinary shares - INVZ STOCK NEWS

Welcome to our dedicated page for Innoviz Technologies Ltd. Ordinary shares news (Ticker: INVZ), a resource for investors and traders seeking the latest updates and insights on Innoviz Technologies Ltd. Ordinary shares stock.

Innoviz Technologies Ltd. (Nasdaq: INVZ) is a global leader specializing in the development and production of high-performance LiDAR sensors and perception software. Founded in 2016 and headquartered in Israel, the company advances the autonomous vehicle revolution with its cutting-edge LiDAR technology, enabling the mass commercialization of autonomous vehicles. Innoviz's flagship products, InnovizOne™ and InnovizPro™, utilize a solid-state design that employs proprietary technology to deliver superior performance at a size and cost suitable for mass market adoption.

Innoviz caters to OEMs and Tier-1 partners in the automotive industry, supporting various markets including passenger vehicles, robotaxis, shuttles, delivery vehicles, buses, and trucks. Beyond automotive, Innoviz's solutions empower industries such as logistics, drones, robotics, construction, agriculture, smart cities, smart infrastructure, security, and mapping.

In recent developments, Innoviz has announced its participation in the Consumer Electronics Show (CES) 2024, where it will showcase live demonstrations of its latest LiDAR technologies, including the InnovizTwo and Innoviz360. The company will also feature the BMW i7 and Volkswagen ID. Buzz, both integrated with Innoviz’s LiDAR solutions. The BMW i7 with Level 3 autonomous driving capabilities will be available for order in Germany, with deliveries expected to commence in March 2024.

Financially, Innoviz has shown impressive growth. In Q1 2024, the company reported revenues of $7.1 million, a substantial increase from $1.0 million in Q1 2023. The company is focused on optimizing its cash flow and operational efficiency, recently undergoing a strategic realignment to extend its cash runway. This includes transitioning InnovizOne into series production and focusing future investments on the InnovizTwo sensor and software platform to drive profitability.

Innoviz's pursuit of excellence is further demonstrated by its recent achievement of the IATF 16949:2016 certification, a globally recognized standard for automotive quality management systems. This certification underscores Innoviz's commitment to maintaining exceptional quality and standards in the automotive industry.

With a strong presence across the U.S., Europe, and Asia, Innoviz continues to collaborate with top-tier automotive manufacturers and commercial leaders. The company's technology not only meets the automotive industry's stringent performance and safety standards but also aims to ensure that autonomous vehicles are safer than human-driven ones.

For more information, visit www.innoviz.tech. You can also follow Innoviz's latest updates on Facebook, LinkedIn, YouTube, and Twitter.

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Innoviz Technologies Ltd. (Nasdaq: INVZ) reports 138% QoQ and 297% YoY revenue growth in Q3 2023, reiterates full year 2023 targets. InnovizOne LiDAR sensor components shipments to BMW, shuttle program transition, capital raise, and NRE revenue growth are key highlights.
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Innoviz Technologies provides an operational update amidst the current conflict in Israel and reiterates its 2023 targets. The company has not experienced any immediate material impact and continues to monitor its activities to ensure business continuity.
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Innoviz Technologies to participate in investor conferences
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Innoviz Technologies, a leading supplier of LiDAR sensors and perception software, has completed a public offering of ordinary shares to bolster its balance sheet. The company aims to secure further customer wins and establish a leadership position in the automotive LiDAR industry. Co-founders and the Chairman of the Board have also invested in the offering, reflecting their confidence in the long-term success of the business. Innoviz is actively participating in over five RFQ sourcing processes with major automotive OEMs.
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Innoviz Technologies Ltd. announced its expanded relationship with BMW Group and provided commercial and strategic updates. The company achieved Start of Production (SOP) with its first generation BMW Group program and shipped the first component shipments in July 2023. Innoviz also announced an important expansion in its relationship with BMW Group, developing B-samples for an enhanced solution portfolio. The company reported revenues of $1.5 million in Q2 2023, up 45% compared to Q1 2023. Innoviz raised its 2023 financial targets, with expected revenues in the range of $15-20 million and total new NRE bookings in the range of $20-70 million.
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Innoviz Technologies (NASDAQ: INVZ) and the BMW Group are collaborating to develop a new generation of LiDAR for Level 3 automated driving capabilities. The B-Sample development phase includes the InnovizTwo second Generation LiDAR, InnovizCore compute box, and advanced AI-powered software solutions. This collaboration aims to bring advanced automated capabilities to a broader range of BMW vehicles.
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Innoviz Technologies will release its earnings results for Q2 2023 on August 2, 2023. A conference call and webinar will be held to discuss operational and financial results.
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FAQ

What is the current stock price of Innoviz Technologies Ltd. Ordinary shares (INVZ)?

The current stock price of Innoviz Technologies Ltd. Ordinary shares (INVZ) is $0.487 as of November 15, 2024.

What is the market cap of Innoviz Technologies Ltd. Ordinary shares (INVZ)?

The market cap of Innoviz Technologies Ltd. Ordinary shares (INVZ) is approximately 77.3M.

What is Innoviz Technologies Ltd.?

Innoviz Technologies Ltd. is a leading provider of high-performance LiDAR sensors and perception software, enabling the mass commercialization of autonomous vehicles.

What products does Innoviz Technologies offer?

Innoviz offers InnovizOne™ and InnovizPro™, solid-state LiDAR sensors designed for superior performance at a cost and size suitable for mass market adoption.

Which markets does Innoviz serve?

Innoviz serves various markets including passenger cars, robotaxis, shuttles, delivery vehicles, buses, trucks, logistics, drones, robotics, construction, agriculture, smart cities, and more.

What significant achievements has Innoviz recently made?

Innoviz has made significant strides including its participation in CES 2024, the series production of InnovizOne, and achieving the IATF 16949:2016 certification.

What are Innoviz's financial highlights?

In Q1 2024, Innoviz reported revenues of $7.1 million, a significant increase from $1.0 million in Q1 2023. The company is focused on optimizing cash flow and operational efficiency.

Where is Innoviz headquartered?

Innoviz Technologies Ltd. is headquartered in Israel.

Who are Innoviz's key partners?

Innoviz collaborates with leading automotive manufacturers like BMW and Volkswagen, and commercial and industrial leaders across various sectors.

How does Innoviz ensure the quality of its products?

Innoviz has achieved the IATF 16949:2016 certification, highlighting its commitment to exceptional quality and standards in the automotive industry.

What are Innoviz's future plans?

Innoviz plans to focus on commercializing its InnovizTwo sensor and software platform and optimizing its path towards profitability and free cash flow generation.

How can I learn more about Innoviz?

For more information, visit Innoviz's official website at www.innoviz.tech and follow their updates on Facebook, LinkedIn, YouTube, and Twitter.

Innoviz Technologies Ltd. Ordinary shares

Nasdaq:INVZ

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77.27M
168.68M
2.02%
32.81%
6.66%
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