Innoviz Technologies (INVZ) Reports In-Line Q2 EPS, provides outlook

Innoviz Technologies (NASDAQ: INVZ) reported Q2 EPS of ($0.23), in-line with the analyst estimate of ($0.23). Revenue for the quarter came in at $1.47 million versus the consensus estimate of $1.84 million.

The Company is providing the following updated financial outlook for full year 2023:

2023 revenues are now expected to be in the range of $15-20 million, up from the previously disclosed range of $12-15 million.
Total new NRE bookings are now expected to be in the range of $20-70 million, up from the previously disclosed range of $20-40 million.

For earnings history and earnings-related data on Innoviz Technologies (INVZ) click here.

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