Innoviz Technologies Reiterated FY23 Revenue of $15M-$20M Vs $17.19M Est, Expects Q54 Revenue of $9M-$14M Vs $11.8M Est
Portfolio Pulse from Benzinga Newsdesk
Innoviz Technologies has reiterated its FY23 revenue outlook of $15M-$20M, against an estimate of $17.19M. The company also expects Q4 2023 revenue to be between $9M-$14M, compared to an estimate of $11.8M. Other financial targets for 2023 include 1-3 additional programs with existing customers, 2 new series production awards with new customers, cash collection from customers in the range of $20-30 million, and net new NRE bookings in the range of $20-70 million.
November 08, 2023 | 12:18 pm
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Innoviz Technologies has reiterated its FY23 revenue outlook, which is in line with estimates. This, along with the company's other financial targets for 2023, could potentially impact the company's stock in the short term.
Innoviz Technologies has reiterated its FY23 revenue outlook, which is in line with estimates. This, along with the company's other financial targets for 2023, could potentially impact the company's stock in the short term. However, the exact impact will depend on various factors, including market conditions and investor sentiment.
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