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Technology Stocks : Ouster (OUST)

OUST 31.72

-4.9%

9:30 AM EST

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From: Sam	5/4/2022 6:39:58 AM
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Innoviz Tech: Order Book Impresses May 03, 2022 4:26 PM ET Innoviz Technologies Ltd. (INVZ) INVZW Summary Innoviz announced a $4 billion deal and the market yawned. The company now has an order book through 2030 at $6+ billion. The stock has a meager valuation and trades near the lows despite the orders in hand. The Lidar sensor sector has struggled to meet lofty expectations since a slew of SPAC deals closed last year, but the companies are starting to build strong order backlogs mostly ignored by the market. Innoviz Technologies (NASDAQ: INVZ) just reported a massive order, but the market ignored the deal due to the missing details. My investment thesis is far more Bullish on the stock following this big award and a market generally ignoring the ramping order books in the sector. Robust Sales Funnel Innoviz Tech. recently reported an order book of $2.6 billion from the awarded contracts with a $200 million boost due to the shuttle program deal expanding with additional sensors on each vehicle. The forward looking order book is for revenues from contracts expected through 2030. In addition, the Lidar sensor company had 8 pre-production programs providing the sales funnel for the deal just announced. continues at seekingalpha.com

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