Earnings Call Summary | Innoviz Technologies(INVZ.US) Q2 2024 Earnings Conference
Earnings Call Summary | Innoviz Technologies(INVZ.US) Q2 2024 Earnings Conference
Operating expenses for Q2 2024 were $23.3 million, a decrease from $30.4 million in Q2 2023. Research and development expenses were reduced to $16.8 million from $23.8 million in Q2 2023.The following is a summary of the Innoviz Technologies Ltd (INVZ) Q2 2024 Earnings Call Transcript:
以下是Innoviz Technologies Ltd（INVZ）Q2 2024業績會議要點總結：
Financial Performance:
金融業績：
Innoviz Technologies reported Q2 2024 revenue of $6.7 million, significantly above the guidance range of $4 million to $5 million.
The company ended the quarter with approximately $106.4 million in cash, cash equivalents, bank deposits, marketable securities, and short-term restricted cash.
Operating expenses for Q2 2024 were $23.3 million, a decrease from $30.4 million in Q2 2023. Research and development expenses were reduced to $16.8 million from $23.8 million in Q2 2023.
Innoviz Technologies報告Q2 2024的營業收入爲670萬美元，顯著高於400萬至500萬美元的指導區間。
該公司於本季度結束時的現金、現金等價物、銀行存款、可市場交易證券和短期受限制的現金約爲10640萬美元。
Q2 2024的營業費用爲2330萬美元，低於Q2 2023的3040萬美元。研發費用從Q2 2023的2380萬美元降至1680萬美元。
Business Progress:
業務進展：
Innoviz announced agreements with a major platform partner for its InnovizTwo LiDARs in Level 4 autonomous driving platforms and with The Indoor Lab for deployment in various international airports.
The company's InnovizTwo platform continues to advance, with product improvements made to enhance automotive standards and operational efficiency.
Innoviz宣佈與主要平台合作伙伴達成協議，有關其InnovizTwo LiDAR在4級自動駕駛平台中的應用和與The Indoor Lab達成協議，在各國際機場中展開部署。
該公司的InnovizTwo平台持續推進，產品改進以增強汽車標準和提高操作效率。
Opportunities:
機會：
Expansion into Level 4 autonomous driving is imminent, opening significant potential for high LiDAR volumes per vehicle.
Diverse applications of InnovizTwo and AI Perception Software in automotive markets are being rapidly adopted, demonstrating a broadening customer base and market opportunities.
The agreement with The Indoor Lab marks a penetration into smart infrastructure use, further diversifying market applications.
擴展到4級自動駕駛是不可避免的，爲每輛車量身定製了大量高性能的LiDAR。
在汽車市場上，InnovizTwo和AI Perception Software的多種應用被快速採用，說明了客戶基礎和市場機會的拓展。
與The Indoor Lab的協議標誌着進入智能基礎設施的應用，進一步多元化市場應用。
Risks:
風險：
Operational risks pertain to the scaling up of production capacities to meet the demands of new contracts and the stringent automotive standards required by OEMs.
Financial risks involve managing the production switch to a dual offering of long and short range LiDAR systems which may require significant capital and operational adjustments.
業務風險涉及擴大生產能力以滿足新合同的需求和OEMs所要求的嚴格汽車標準。
金融風險涉及管理生產轉換爲開發長距離和短距離LiDAR系統，這可能需要大量的資本和操作調整。
More details: Innoviz Technologies IR
更多詳情請參閱Innoviz Technologies投資者關係頁面。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。