Innoviz Reports Third Quarter 2024 Results
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Innoviz Technologies Ltd. reported its Q3 2024 results, highlighting entry into two new OEM programs and exceeding revenue guidance with $4.5 million. The company reduced cash used in operations and capital expenditures compared to previous quarters.
November 13, 2024 | 12:15 pm
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Innoviz Technologies reported Q3 2024 results, entering two new OEM programs and exceeding revenue guidance with $4.5 million. Cash usage was reduced compared to previous quarters.
Innoviz's entry into two new OEM programs and exceeding revenue guidance are positive indicators for future growth. The reduction in cash usage compared to previous quarters suggests improved operational efficiency, likely to positively impact short-term stock performance.
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