Out Fox The $treet

  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. 

Update - Oct. 31, 2023 Innoviz is seeing a nice bounce about a week after the company confirmed strong guidance for the 2H. The Lidar forecast Q3 sales doubling sequentially, ye the stock trades at all-time lows.  Original article published on Oct. 12 Innoviz Technologies Ltd. completed a capital raise below the market price, causing the stock to plunge. The Lidar company eventually needed more capital to fund its business, but the timing and pricing of the offering spooked the market. Innoviz has boosted its revenue forecasts and has potential for growth, but investor confidence has been reduced. As with all speculative growth stocks, the last couple of months have been brutal for  Innoviz Technologies Ltd.  ( NASDAQ: INVZ ), which didn't help their cause with an unwarranted (in my view)  capital raise , causing the stock  to plunge. My  investment thesis  is ultra Bullish on the stock, but Innoviz has a lot to prove in the quarters ahead. Read the fu...

Update - May 22, 2023 Innoviz is rallying nearly 10% along with the general Lidar sensor space. All of the stocks are turning more bullish has production deals are starting to line up for the end of 2023 and into 2024.  Original article posted on May 18   Innoviz Technologies reported a mixed Q1 2023 earnings report, but the future is based on the strong order book. The Lidar sensor company announced another production auto deal, expected to reach production in 2024. Innoviz Technologies stock is cheap with a market cap of only $400 million, but shareholders face a potential dilutive equity raise in the next year. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   As 2023 heads towards the midpoint,  Innoviz Technologies Ltd.  ( NASDAQ: INVZ ) is quickly moving toward shipping Lidar sensors for production autonomous vehicles. The Lidar company even sees programs with accelerated paths to...

  Innoviz Tech. recently completed a SPAC deal to go public in the Lidar space. The stock traded below the key $10 threshold. The stock trades at only 1.8x EV/2025 revenue multiple, but the company appears to lack the contracts to support a revenue target of $581 million. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More » The once hot Lidar SPACs have seen several stocks break the key $10 threshold. One such Lidar and perception software company is  Innoviz Technologies  ( INVZ ), now trading back above $10 after closing the  SPAC deal  recently on April 6. My investment thesis is more Neutral on the stock due to a lack of visibility on contracts in comparison to other Lidar stocks. Disclosure: No position mentioned. Please review the disclaimer page for more details.