Innoviz Technologies (INVZ) Announces Operational Realignment
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Innoviz Announces Operational Realignment to Expand Cash Runway and Optimize Path Towards Profitability and Free Cash Flow
January 31, 2024 9:01 AM ESTRealignment actions to be implemented during the first quarter of 2024 and are expected to reduce cash outlays by $22-24 million on an annualized basis Savings expected to be derived primarily from the transition of the InnovizOne program to series production and concentration of future investments on the InnovizTwo sensor and perception software suiteÂ
TEL AVIV, Israel, Jan. 31, 2024 /PRNewswire/ --Â ... More
