Innoviz Technologies stock gains 16.60 percent after Nasdaq extension

Innoviz Technologies stock was trading at USD 0.41 on Nasdaq on September 23, 2026, up 16.60 percent from the prior close of USD 0.35. The immediate driver was a new Nasdaq compliance period that gives the company until March 22, 2027, to restore the required bid price.

Nasdaq sets March 2027 deadline

According to StockTitan, Nasdaq granted Innoviz an additional 180 calendar days after the company failed to regain compliance with the USD 1.00 minimum bid-price rule. The ordinary shares continue trading on the Nasdaq Capital Market under the ticker INVZ.

The filing states that Innoviz must maintain a closing bid price of at least USD 1.00 for 10 consecutive business days before March 22, 2027. The company is also considering a reverse share split within the range approved by shareholders on September 16, 2026, making the compliance timetable a central corporate milestone.

Revenue reaches USD 18.1 million

Innoviz reported record second-quarter 2026 revenue of USD 18.1 million, according to ScanX. That result compares with USD 7.1 million in the first quarter of 2026, an increase of 153.6 percent calculated from the reported quarterly figures.

Full-year 2026 revenue guidance stands at USD 67 million to USD 73 million. The company also reported that defense is expected to contribute 10 percent of sales, while automotive program milestones remain an important source of quarterly revenue.

Defense expands the opportunity

On September 17, 2026, Innoviz said its LiDAR solutions were recognized as suitable for defense applications by Israel's Directorate of Defense Research and Development. The announcement, carried by PR Newswire, adds a defense application to the company's automotive-grade LiDAR platform.

The stock remains 83.86 percent below its 52-week high of USD 2.54, based on the September 23, 2026 quote. That contrast places the Nasdaq deadline and the conversion of defense recognition into recurring revenue ahead of short-term price gains.

Stock trades below USD 1

Innoviz Technologies stock was trading at USD 0.41 on Nasdaq on September 23, 2026. The latest market capitalization was USD 117.55 million, while the 52-week range was USD 0.29 to USD 2.54.