Innoviz Technologies is trading at $0.44 (9.3%) up today after reporting record second-quarter revenue of $18.1 million, representing an 86% year-over-year increase.
- The company met earnings per share (EPS) expectations and reiterated its full-year guidance, signaling operational stability.
- Management highlighted a strategic pivot toward higher-margin defense and homeland security programs under the new Perciz brand to offset pressure from elongated automotive OEM timelines.