Welcome to our dedicated page for Innoviz Technologies news (Ticker: INVZ), a resource for investors and traders seeking the latest updates and insights on Innoviz Technologies stock.
Innoviz Technologies (INVZ) provides cutting-edge LiDAR solutions powering autonomous vehicles and industrial automation systems worldwide. This news hub offers investors and industry professionals direct access to official corporate announcements and verified market developments.
Track all essential updates through curated press releases covering product launches, strategic partnerships, financial results, and technological breakthroughs. Our aggregation ensures you never miss critical information about INVZ's solid-state sensor innovations or expansion into new markets like robotics and smart infrastructure.
Key content categories include quarterly earnings disclosures, executive leadership updates, automotive OEM collaborations, and R&D milestones. Bookmark this page for streamlined monitoring of INVZ's progress in advancing perception systems for safer autonomous navigation across transportation and industrial sectors.
Innoviz Technologies (NASDAQ: INVZ), a leading supplier of LiDAR sensors and perception software, has released its first Impact Report, covering the company's social impact, sustainable operations, and responsible business practices from 2022 to 2023. The report highlights Innoviz's commitment to developing high-performance automotive technologies while emphasizing corporate governance and community engagement. CEO Omer Keilaf emphasized the company's mission to not only minimize harm but also contribute positively to society by enhancing vehicle safety and autonomy. The report includes detailed steps taken by Innoviz to uphold the highest standards in responsible corporate governance.
Innoviz Technologies (Nasdaq: INVZ) will host the EcoMotion Assembly 2024 at its global headquarters in Rosh Ha'ayin, Israel on June 4th. This event, themed 'Mobility innovation in times of disruption,' will feature international speakers and attendees from leading OEMs, consulting firms, business accelerators, and technology hubs. Omer Keilaf, CEO of Innoviz, will deliver a keynote on global collaboration in the mobility industry. The EcoMotion Community, with over 16,000 members and 750 startups, focuses on advancing smart mobility through technology and collaboration. This year's assembly comes as brands like Mercedes and BMW advance autonomous driving technologies, with Innoviz playing a significant role in BMW's Level 3 autonomy. Innoviz is also collaborating with Volkswagen on autonomous capabilities for the ID. Buzz light commercial vehicle. The event aims to showcase technological advancements and address global mobility ecosystem challenges.
Innoviz Technologies (Nasdaq: INVZ) exceeded revenue guidance for the second consecutive quarter, reporting Q1 2024 revenues of $7.1 million, surpassing expectations. The company expanded key partner and customer relationships, achieving strong revenue growth, and reiterated its full year 2024 operational targets. Innoviz is actively collaborating with major players like BMW, Volkswagen Group, Mobileye, and Qualcomm to advance its level 3 and level 4 LiDAR programs. The company also reached a significant milestone with a successful winter test of the InnovizTwo B-Sample with Volkswagen, showing resilience in harsh conditions. Financially, Innoviz reported a decrease in operating expenses in Q1 2024 compared to Q1 2023, with liquidity of approximately $128.3 million as of March 31, 2024. The company aims to achieve second quarter 2024 revenues in the range of $4-$5 million and reiterated its operational targets for the full year 2024.
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