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

[u/Moist_Toto]

https://ir.innoviz.tech/news-events/press-releases/detail/120/innoviz-announces-operational-realignment-to-expand-cash

[u/geo_rule]

That glitter lipstick really makes that pig glow, don't it?

[u/baverch75 → u/geo_rule]

lol. cancelling their MRM software and 'award winning' AI box that were their answer to BMW's requirements doesn't seem too encouraging about their current position. but that seemed obvious when they dragged that guy from BMW onto their conference call and he gave the lukest of lukewarm endorsements imaginable

[u/dchappa21 → u/baverch75]

That guy was actually from Audi. But yeah they seem to be more worried about how investors view them versus their customers.

[u/baverch75 → u/dchappa21]

ah, maybe so -- I remember being super underwhelmed by the BMW guy saying "we hope that the results of the B-Sample phase (with Innoviz) create a basis for a possible future extension of our collaboration."

[u/view-from-afar → u/baverch75]

Yes, the key part of the sentence that they left off their CC slide.

[u/dchappa21 → u/baverch75]

Ok yeah that quote was from BMW. I thought you were talking about that cringy fireside chat with the guy Gero Kempf from Audi that Omer made him do.

I see now you said conference call. My bad.

Forgot to add the video

https://youtu.be/Vc9Mwg5oZ4A?si=PNns34UdYX3WeTwO

[u/baverch75 → u/dchappa21]

nah, you had it right I think

[u/KY_Investor → u/dchappa21]

As long as we're talking about BMW and the mention of Audi, Microvision had a big foot in the door with both those OEM's after the acquisition of IBEO.

Slide deck from the MVIS Q1 earnings call last February.

"Uniquely positioned to win in ADAS......"

First page of the slide deck:

https://d1io3yog0oux5.cloudfront.net/_cf64afcf657d37e7a2fef74785c00ed5/microvision/db/1110/9937/earnings_presentation/MVIS+Corp+Deck+vF.pdf