Entered two new OEM programs through agreement with Level 4 platform partner with expected SOP in 2026; Met operational target of 2-3 additional customer programs in 2024 and exceeded midpoint of revenue guidance of Q3 with $4.5 million in revenueQ3 cash used in operations and capital expenditures of $17.7 million compared to $28.6 million in Q3 2023 and $21.6 million in Q2 2024TEL AVIV, Israel, Nov. 13, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Ti ...

TEL AVIV, Israel, Oct. 23, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), (the "Company" or "Innoviz"), a leading Tier-1 supplier of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the third quarter ended September 30, 2024 on Wednesday, November 13, 2024 before the market opens.Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss it ...

Core Viewpoint - Innoviz Technologies Ltd. (INVZ) has experienced a significant downtrend, with a 15.7% decline over the past four weeks, but is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Stock Performance and Technical Indicators - The stock's Relative Strength Index (RSI) reading is at 26.06, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound [5]. - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify potential reversal points, making it a useful tool for investors seeking entry opportunities [3]. Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus EPS estimate for INVZ has increased by 14.7%, indicating strong agreement among analysts regarding improved earnings for the current year [6]. - INVZ holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [7].

Exhibit 99.1 Innoviz Reports First-Quarter 2024 Results, Exceeds Revenue Guidance for Second Consecutive Quarter and Expands Key Partner and Customer Relationships Q1 2024 revenues of $7.1 million exceed previous guidance range of $5 -$6 million; reiterates full year 2024 operational targets TEL AVIV, Israel – May 8, 2024 – Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today ...

Innoviz Technologies Ltd. (INVZ) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -30%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.18, delivering a surprise of -63.64%. Over the last four quarters, the company h ...

Reached an important agreement with a major platform partner to supply a bundle of InnovizTwo short- and long-range LiDARs to their Level 4 autonomous platform, which was already selected by several OEM programs Q2 2024 revenues of $6.7 million exceed previous guidance range of $4-$5 million, up from $1.5 million in Q2 2023 TEL AVIV, Israel, Aug. 7, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive gra ...

Core Insights - The integration of advanced 3D sensing tools, particularly LiDAR technology, is essential for enhancing airport management and ensuring a secure travel experience as global travel continues to grow [1][4] - The Indoor Lab is leading the transition from traditional camera systems to LiDAR-based solutions, which provide superior data quality and accuracy for airport operations and safety management [1][2] - InnovizTwo LiDAR sensors are highlighted for their high point cloud density and frame rates, which significantly enhance the capabilities of the Artemis perception platform used by The Indoor Lab [2][3] Company Overview - The Indoor Lab is a U.S.-based private company specializing in lidar-based enterprise perception platforms, with over 15 years of experience in passive analytics and 10 years in lidar technology [3] - Innoviz Technologies is a global leader in LiDAR technology, serving major automotive manufacturers and focusing on the development of safe autonomous vehicles [4] Technological Advancements - The partnership between The Indoor Lab and Innoviz aims to leverage AI and machine learning capabilities to improve safety and operational efficiency at airports [1][3] - The use of LiDAR technology allows for better interpretation of environments compared to traditional camera systems, enhancing safety across various airport areas [1][2]

TEL AVIV, Israel, Aug. 2, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensors and perception software, announced today that it has received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated July 30, 2024, indicating that the Company no longer satisfies Nasdaq Listing Rule 5450(a)(1) based upon a closing bid price of less ...

TEL AVIV, Israel, July 17, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss ...

In most circumstances, you should avoid extremely speculative ideas, especially those billed as cheap penny stocks. It's difficult to find hard statistics regarding the odds of success in this arena, in large part because of the diversity of enterprises and industries involved. However, to put it colloquially, the odds aren't good at all. We know this because if it the odds were favorable, everybody would bet on cheap penny stocks. But it's not that easy and most times, the underlying entities lose consider ...