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Innoviz Technologies Ltd.

Company NameInnoviz Technologies Ltd.
Stock SymbolINVZ

On March 1, 2023, Innoviz released its fiscal full year 2022 financial results, reporting GAAP earnings per share of negative $0.94, missing consensus estimates by $0.06, and revenue of $6.03 million, missing consensus estimates by $0.96 million. Additionally, the Company issued 2023 guidance in the range of $12 to $15 million, significantly below consensus estimates of $30 million.

On this news, Innoviz’s stock price fell $0.71, or 15%, to close at $4.04 per share on March 1, 2023, thereby injuring investors.

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