🔴 Innoviz Technologies is trading 6.45% down today after investors reassessed weak margins

Innoviz Technologies is trading 6.45% down now at $0.39 after investors continued reassessing its August 5 earnings and weak margins.

• Q2 revenue reached a record $18.1 million, but gross profit was only $0.697 million; quarterly operating cash burn was $14.364 million, and net loss was $0.08 per share.
• The recently completed $30 million registered direct offering and rising share count add dilution concerns; full-year revenue guidance remained $67 million–$73 million.
• The move is company-specific; no separate August 7 announcement was identified.