Innoviz Technologies Ltd Stock Price, News & Analysis

Innoviz Technologies (Nasdaq: INVZ) addressed recent trading activity involving its shares, clarifying that a broker mistakenly offered significant volumes at unauthorized prices. The Company stated it is not aware of any undisclosed material changes affecting its business that could explain the decline in trading price. Innoviz, a leader in LiDAR technology for autonomous vehicles, is backed by major investors like BMW and SoftBank Ventures Asia.

Innoviz Technologies (Nasdaq: INVZ) will host a conference call and webinar on November 10, 2021, at 9:00 a.m. ET to discuss its operational and financial results for Q3 2021, which ended on September 30, 2021. A press release with results will precede the call. The event, hosted from New York City, will include a Q&A session. Interested parties can register in advance or join via phone. Innoviz is known for its high-performance LiDAR technology used in autonomous vehicles, notably selected by BMW for its iX program.

Innoviz Technologies has announced its conference schedule for September 2021 and will host an open house on October 6, 2021. The Cowen Global Transportation and Sustainable Mobility Conference will feature a fireside chat on September 10. A series of one-on-one meetings is set for the Citi Small/Mid-Cap & Growth Conference on September 17. The Evercore ISI AutoTech & AI Forum will occur on September 22 and the Jefferies Israel Innovation Summit on September 30. Innoviz’s LiDAR technology is crucial for autonomous vehicles, notably selected by BMW.

Innoviz Technologies (Nasdaq: INVZ) is set to showcase its cutting-edge LiDAR technology at the IAA MOBILITY 2021 show in Munich, Germany, from September 7-12, 2021. The demonstration will feature the InnovizOne sensor, selected by BMW for its autonomous vehicle program. Innoviz's partners OSRAM and Webasto will also present related innovations, including a Roof Sensor Module. This event gathers over 1,000 exhibitors and is a significant platform for showcasing advancements in the future of transportation.

Innoviz Technologies (Nasdaq: INVZ) reported Q2 2021 revenues of $1.0 million, a 38% increase from Q1 2021, driven mainly by InnovizOne-related sales which rose to $991 thousand. Operating expenses surged to $70.7 million, largely due to $49.9 million in stock-based compensation linked to a recent SPAC merger. The company confirmed its long-term guidance and reported significant advancements in commercial opportunities, including partnerships and the development of new LiDAR technologies. As of June 30, Innoviz held $156.4 million in cash and $195.0 million in short-term deposits.

Innoviz Technologies (Nasdaq: INVZ) has partnered with Curium, a developer of automated calibration services for Autonomous Systems. This collaboration aims to enhance vehicle safety by ensuring accurate sensor performance using Innoviz's advanced solid-state LiDAR sensors. Curium will deploy its patented calibration techniques, simplifying the integration of Innoviz's technology into vehicles. The partnership will promote Innoviz's products in Southeast Asia, focusing on sectors such as automotive OEMs and robotaxis, leveraging Innoviz's existing relationships in key Asian markets.

Innoviz Technologies (Nasdaq: INVZ) and Whale Dynamic announced a collaboration to develop a next-generation autonomous driving (AD) platform. This platform will utilize InnovizOne LiDAR as its primary sensor, replacing the previous InnovizPro model. The selection of InnovizOne is based on its superior performance, automotive-grade specs, and low power consumption. This partnership aims to enhance the capabilities of autonomous vehicles in China, the world's largest vehicle market. Both companies are focused on achieving fully autonomous solutions for various applications.

Innoviz Technologies (Nasdaq: INVZ) has partnered with EDOM Technology to enhance the distribution and support of Innoviz's LiDAR solutions in the Greater China region. This collaboration aims to leverage EDOM's extensive relationships and sales staff to boost adoption in the automotive market and other sectors such as security, agriculture, and robotics. The partnership strengthens Innoviz's presence in Asia, complementing existing ties with key suppliers like HiRain Technologies and Harman International. Innoviz is recognized for its advanced LiDAR technology, already in use by BMW.

Innoviz Technologies (Nasdaq: INVZ), a provider of solid-state LiDAR sensors, has partnered with SpringCloud, a leader in autonomous mobility services in South Korea. This partnership enables SpringCloud to distribute Innoviz's products across various sectors, enhancing their market presence. Innoviz's technology, already selected by BMW for their autonomous vehicle program, is positioned to meet the increasing demand for advanced mobility solutions. This collaboration aims to solidify both companies' roles in the evolving autonomous industry.