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Innoviz Technologies Reports 2021 First Quarter Financial Results


Innoviz Technologies Reports 2021 First Quarter Financial Results
USA - English
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TEL AVIV, Israel, May 12, 2021 /PRNewswire/   Innoviz Technologies (NASDAQ: INVZ), a technology leader of high-performance, solid-state LiDAR sensors and perception software, today reported its financial results and certain forward-looking guidance for the first quarter ended March 31, 2021 as well as subsequent operational updates on commercial traction, technology leadership and corporate development.
Commercial Traction
Secured a design win with a leading tier-1 automotive supplier to implement InnovizOne LiDAR in autonomous shuttles for use in European airports, campuses, local public transportation and more. The Company expects the contract to generate hundreds of millions in revenue by 2030. ....

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