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Innoviz Technologies: Ready To Fly

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  •  Innoviz Technologies reported a blockbuster quarter with revenues surging 846%.
  • The Lidar company made strong progress with key customers BMW and Volkswagen and grew a massive order book.
  • The stock has a minimal market cap for the opportunity ahead while the company has reduced costs to limit cash burn.
Last week, Innoviz Technologies (NASDAQ:INVZ) confirmed the company is moving full speed ahead with Lidar sensors entering production deals for the automotive market. The market just ignored the stellar growth and clear signs the company has exited the pre-revenue phase. My investment thesis remains ultra-Bullish on the Lidar stock, which is still trading near the all-time lows.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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