Innoviz Technologies falls on Q1 results miss

Innoviz Technologies

17/05/2023 12:40

** Shares of Israel-based lidar technology co Innoviz
Technologies Ltd  INVZ.O  down 5.1% at $2.58 premarket
    ** Co reports Q1 net loss per share of 26 cents/share vs
analysts' est of loss of 22 cents/share - Refinitiv
    ** Revenue in Q1 was also below expectations at $1 mln vs
$1.5 mln
    ** Sees 2023 revenues in the range of $12 mln - 15 mln
    ** Shares down ~31% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))