Innoviz Technologies Ltd. (INVZ) posted a fourth quarter net loss of $30.45 million compared to a loss of $34.32 million, last year. Loss per share was $0.18 compared to a loss of $0.25. On average, five analysts polled by Thomson Reuters expected the company to report a loss per share of $0.18, for the quarter. Analysts' estimates typically exclude special items.
Fourth quarter revenues increased to $14.92 million from $1.58 million, previous year. Analysts on average had estimated $11.2 million in revenue.
The company expects first quarter revenues to be in the range of $5 million-$6 million.
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