INVZ Earnings Prediction
The chart below shows how INVZ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INVZ sees a -7.99% change in stock price 10 days leading up to the earnings, and a -5.24% change 10 days following the report. On the earnings day itself, the stock moves by +1.56%. This data can give you a slight idea of what to expect for the next quarter's release.
INVZ Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.52M
29.77%
-32.17%
Gross Margin
-3.67%
-94.29%
3.09%
Operating Margin
-579.20%
-32.82%
64.22%
Net Margin
-549.91%
-29.14%
73.13%
EPS
-0.15
-16.67%
15.38%
No Data Available
INVZ Earnings Analysis
Innoviz Technologies Ltd. Ordinary shares Corporation (INVZ.O) Earnings Conference Call
Positive
Q3 Revenue Performance: 1. Strong Revenue Growth: Revenues for Q3 2024 reached $4.5 million, exceeding the midpoint of the company's guidance.
Strategic Partnership Development: 2. New Partnerships Established: Innoviz announced a new partnership with a leading Level 4 platform partner, enhancing its market position.
OEM Program Development: 3. OEM Program Expansion: The company entered two new OEM programs with expected start of production in 2026, indicating future revenue potential.
Strong Cash Performance: 4. Positive Cash Performance: The third quarter demonstrated strong cash performance, contributing to the company's financial stability.
Market Positioning Strategy: 5. Strategic Market Positioning: The new agreements and partnerships position Innoviz favorably within the autonomous vehicle market, supporting long-term growth.
Negative
Revenue Decline Analysis: 1. Declining Revenue: Revenues for Q3 2024 were $4.5 million, which is a decrease from $5.2 million in Q2 2024, indicating a quarter-over-quarter decline of 13.5%.
Net Loss Increase: 2. Increased Net Loss: The net loss for Q3 2024 was reported at $8 million, compared to a net loss of $6 million in Q2 2024, reflecting a worsening financial position.
Cash Burn Increase: 3. Cash Burn Rate: The company reported a cash burn rate of $3 million per month, which is an increase from $2.5 million per month in the previous quarter, raising concerns about sustainability.
Revenue Guidance Reduction: 4. Lowered Guidance: The company lowered its revenue guidance for the full year 2024 from $20 million to $18 million, indicating a negative outlook for future performance.
R&D Expense Growth: 5. R&D Spending Increase: R&D expenses rose to $5 million in Q3 2024, up from $4 million in Q2 2024, which may strain financial resources without immediate returns.
INVZ FAQs
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INVZ Earning Call Sentiment
Innoviz Technologies Ltd (INVZ) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
INVZ.O
1.2%Positive
The earnings call highlights positive aspects such as new partnerships and exceeding revenue guidance. However, management's vague responses in the Q&A and the absence of a share buyback program, combined with acknowledged risks and uncertainties, balance the sentiment. Without strong shareholder return initiatives or clear product launch details, the overall sentiment remains neutral.