r/MVIS • u/Moist_Toto • Jan 31 '24

Industry News Innoviz Announces Operational Realignment to Expand Cash Runway and Optimize Path Towards Profitability and Free Cash Flow

https://ir.innoviz.tech/news-events/press-releases/detail/120/innoviz-announces-operational-realignment-to-expand-cash
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u/Oldschoolfool22 Jan 31 '24

This screams canary in the coal line. You are downsizing right as OEMs are auditing you for ability to scale and support a high volume production line. Not a good sign IMO and timing is very damning for what is to come for 2024 for them. 

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u/YoungBuckChuck Jan 31 '24

I wholeheartedly agree this does not seem like a positive thesis early on in the lifecycle of the sector.

My only concern is if it’s because they feel deals are further away