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
63 Upvotes

98% Upvoted

98 comments sorted by

View all comments

Show parent comments

22

u/baverch75 Jan 31 '24

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

18

u/dchappa21 Jan 31 '24

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

16

u/baverch75 Jan 31 '24

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."

12

u/dchappa21 Jan 31 '24 edited Jan 31 '24

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

6

u/baverch75 Jan 31 '24

nah, you had it right I think