n n n ‘. concat(e. i18n. t(“search. voice. recognition_retry”),’n
TEL AVIV, Israel, Oct. 24, 2023 /PRNewswire/ — Innoviz Technologies Ltd. (NASDAQ: INVZ) (the “Company” or “Innoviz”), a direct Tier 1 supplier of high-performance automotive LiDAR sensors and trusted software, provides an operational update amid the ongoing conflict in Israel, reiterates its 2023 targets, and shares the main takeaways from its Q3 2023 earnings call.
Innoviz Technologies did not suffer any immediate operational or monetary effects as a result of the October 7 terror attacks in Israel or the resulting conflict. The company’s headquarters are founded in Rosh Ha’Ayin, in the center of the country, far from the south. and the northern borders. In addition, Innoviz is a global company, with its high-volume production sites located in the United States and Germany, and a planned long-term site in Asia. The company has the ability to launch high-volume production. anywhere a visitor needs it through its flexible and capital-efficient contract production strategy. The Company continues to monitor its ongoing operations and will make the mandatory changes to ensure the continuity of its operations while promoting the protection and well-being of its employees.
In addition, Innoviz reiterates its financial targets for 2023, adding the expected increase in profits in the second part of the year. The company previously announced that third-quarter earnings are expected to roughly double compared to the moment. quarter of 2023, with an even larger increase expected in the fourth quarter of 2023.
Finally, the Company announced that it will publish its results for the third quarter ended September 30, 2023 on Wednesday, November 8, 2023 before the market opens. Innoviz will host a phone convention and webinar on the same day at 9:00 a. m. M. , Eastern Time. (6:00 a. m. Pacific Time) to discuss its operational and monetary effects, followed by a Q&A consultation for the investment community. Operational and monetary effects will be published in a pre-call press release.
Investors are invited to attend by pre-registering here. All applicable data will be submitted upon registration. A replay of the webinar will also be available some time after the call in the Investors segment of the Innoviz website for 90 days.
About Innoviz
Innoviz is a global leader in LiDAR technology, a leading direct supplier to the world’s leading automakers and is moving towards a long series of autonomous vehicles on the world’s roads. Innoviz’s LiDAR and trusted software “see” more than just a human driving force and reduce risk. meeting the highest expectations of functionality and quality in the automotive industry. With a presence in the U. S. , Europe and Asia, Innoviz has been chosen by renowned premium automotive brands around the world for use in customer cars as well as other advertisements. and industry leaders for a wide diversity of use cases. For more information, visit www. innoviz-tech. com.
Join the discussion: Facebook, LinkedIn, YouTube, Twitter
Forward-Looking Statements
This release includes certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the facilities presented through Innoviz, the expected technological capabilities of Innoviz’s products, the markets in which Innoviz operates, the effects of conflict In Israel. on the operations and monetary effects of the Company and the projected long-term effects of Innoviz. These forward-looking statements are sometimes referred to by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “long-term,” “opportunity,” “matrix. ” of plan. “, “may”, “deserves”, “will”, “would”, “will continue”, “probably”, “probably” and similar expressions. Forward-looking statements are predictions, projections and other statements about long-term events that are based on existing expectations and assumptions and are therefore subject to risks and uncertainties. Many points could cause actual long-term events to differ materially from the forward-looking statements contained in this announcement, including, among others, the ability to implement business plans, forecasts and other expectations, the ability to convert victories into design. on final orders and the duration of such orders, the ability to identify and capitalize on further opportunities, as well as potential adjustments and advancements in the highly competitive LiDAR generation and similar industries. The above list is not exhaustive. You deserve to be fully aware of this and other dangers and uncertainties described in Innoviz’s Annual Report on Form 20-F filed with the SEC on March 9, 2023 and in other documents filed by Innoviz from time to time with the SEC. These documents identify and address other life hazards and uncertainties that may cause actual events and effects to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on any forward-looking statements, and Innoviz assumes no legal liability and does not intend to update or revise any forward-looking statements, whether as a result of new information, long-term events or otherwise. . Innoviz makes no guarantee that it will meet your expectations.
Logo: https://mma. prnewswire. com/media/1496323/Innoviz_Technologies_Logo. jpg
Investor Contact (U. S. ): Rob MoffattVP, Corporate Development
Investor Contact (Israel):Maya LustigDirector of Investor RelationsInnoviz Technologiesinvestors@innoviz-tech. com 972 677 8100
View content: https://www. prnewswire. com/news-releases/innoviz-provides-operative-update-reiterates-2023-financial-targets-and-announces-third- Quarter-2023-earnings-details-301965833HTML array
SOURCEInnoviz Technologies