Earnings Call Summary | Innoviz Technologies(INVZ.US) Q4 2023 Earnings Conference
Earnings Call Summary | Innoviz Technologies(INVZ.US) Q4 2023 Earnings Conference
The following is a summary of the InnoVizz Technologies Ltd (INVZ) Q4 2023 Earnings Call Transcript:
以下是InnoVizz Technologies Ltd（INVZ）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
InnoVizz reported full-year revenues of nearly $21 million, up 246% year-over-year, with Q4 2023 revenues of nearly $15 million, or a YoY increase of 850%.
The company's disciplined cost management resulted in a quarterly cash burn of $14.5 million and left the company with approximately $150 million in cash.
Secured $12 million of new non-recurring engineering (NRE) bookings in 2023.
Projects Q1 2024 revenue of $5 to $6 million, a 400% to 500% YoY increase.
Q4 2023 operating expenses stood at $29.5 million, a 12% decrease from Q4 2022. Yearly operating expenses in 2023 were around $4 million less than 2022.
InnoVizz公佈的全年收入接近2100萬美元，同比增長246％，2023年第四季度收入接近1500萬美元，同比增長850％。
該公司嚴格的成本管理導致季度現金消耗1450萬美元，並給公司留下了約1.5億美元的現金。
2023 年獲得了 1200 萬美元的新非經常性工程 (NRE) 預訂。
預計2024年第一季度收入爲500萬至600萬美元，同比增長400％至500％。
2023 年第四季度的運營支出爲 2950 萬美元，比 2022 年第四季度下降了 12%。與2022年相比，2023年的年度運營支出減少了約400萬美元。
Business Progress:
業務進展：
Unveiled a new partnership with BMW for the deployment of InnoVizz 1 on the BMW 5 Series in China and announced their second program with Volkswagen.
Successful transition to the InnoVizz 2 sensor and perception software and integrated the hardware and software teams.
Developed a slim design sub variant for a top 10 global automaker and expects to ship InnoVizz 2 by late 2025.
Actively pursues 10-15 new programs, half of which are in the advanced RFQ stage.
The company targets 2-3 additional programs for 2024, translating to $20 to $70 million of new NRE bookings.
Ongoing discussions reveal strong collaboration with customers on elements such as cybersecurity and interfaces.
宣佈與寶馬建立新的合作伙伴關係，在中國的寶馬5繫上部署InnoVizz 1，並宣佈了與大衆汽車的第二個計劃。
成功過渡到InnoVizz 2傳感器和感知軟件，並整合了硬件和軟件團隊。
爲一家全球排名前十的汽車製造商開發了超薄設計的子變體，預計將在2025年底之前上市 InnoVizz 2。
積極推進 10-15 個新項目，其中一半處於高級詢價階段。
該公司的目標是在2024年再增加2-3個項目，這意味着新增的NRE預訂量爲2000萬至7,000萬美元。
正在進行的討論顯示，在網絡安全和接口等要素上與客戶進行了密切合作。
More details: Innoviz Technologies IR
更多詳情： Innoviz 科技 IR
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