Hi,
moomoo ID:NaN
Log Out
ENGLISH
  • ENGLISH
  • 中文繁体
  • 中文简体
donwloadimg

Download App

Log in to access Online Inquiry

Innoviz Registers 78% Revenue Growth In Q2; Wins Volkswagen As Customer

Benzinga Real-time News ·  {{timeTz}}
  • Innoviz Technologies Ltd (NASDAQ:INVZ) reported second-quarter FY22 revenue growth of 78.3% year-on-year to $1.797 million, missing the consensus of $1.93 million.
  • It expects InnovizOne sales to continue to increase and it also targets selling the first samples of InnovizTwo later this year.
  • EPS loss of $(0.21) beat the consensus loss of $(0.25).
  • Innoviz held $246 million in cash and equivalents.
  • Innoviz has been selected as Volkswagen AG's (OTC:VLKAF) CARIAD SE (Volkswagen CARIAD) direct LiDAR supplier for automated vehicles within the Volkswagen brands.
  • Related: Innoviz Secures LiDAR Supplier Spot for Top Vehicle Maker, Expects Future Order Book to Rise by $4 to $6.6B
  • Under the terms of the agreement, Innoviz will provide InnovizTwo LiDAR sensors and perception software to several Volkswagen brands and integrate its perception software with CARIAD automated driving stack, serving the different brands.
  • "We are proud to have achieved this through our selection as Volkswagen's CARIAD SE direct LiDAR supplier for automated vehicles within the Volkswagen brands," said Omer Keilaf, CEO and Co-Founder.
  • "In addition to the milestone Volkswagen CARIAD decision, I'm confident that our Tier-1 capabilities, including our ability to manage mass production manufacturability, automotive-grade quality, hardware validation, and computer vision validation will serve as a differentiating factor as other OEMs select their direct LiDAR supplier."
  • Innoviz looks to increase its forward-looking order book guidance by more than 30% by the end of FY22.
  • Price Action: INVZ shares closed lower by 0.19% at $5.23 on Tuesday.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.


Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc.


In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).


In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. ("Moomoo Financial SG") regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial SG is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.


In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.