Critical Review: Innoviz Technologies (NASDAQ:INVZ) versus Omnitek Engineering (OTCMKTS:OMTK)

Omnitek Engineering (OTCMKTS:OMTK) and Innoviz Technologies (NASDAQ:INVZ) are both industrial products companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, earnings, profitability, institutional ownership, dividends and risk.

Volatility and Risk

Omnitek Engineering has a beta of -0.54, suggesting that its share price is 154% less volatile than the S&P 500. Comparatively, Innoviz Technologies has a beta of 1.04, suggesting that its share price is 4% more volatile than the S&P 500.

Institutional & Insider Ownership

63.3% of Innoviz Technologies shares are owned by institutional investors. 49.1% of Omnitek Engineering shares are owned by insiders. Comparatively, 11.2% of Innoviz Technologies shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Valuation & Earnings

This table compares Omnitek Engineering and Innoviz Technologies’ top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Omnitek Engineering	$1.05 million	N/A	-$220,000.00	N/A	N/A
Innoviz Technologies	$20.88 million	7.70	-$123.45 million	($0.85)	-1.39

Omnitek Engineering has higher earnings, but lower revenue than Innoviz Technologies.

Analyst Recommendations

This is a summary of current recommendations and price targets for Omnitek Engineering and Innoviz Technologies, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Omnitek Engineering	0	0	0	0	N/A
Innoviz Technologies	0	1	2	0	2.67

Innoviz Technologies has a consensus price target of $4.25, indicating a potential upside of 260.17%. Given Innoviz Technologies’ higher probable upside, analysts clearly believe Innoviz Technologies is more favorable than Omnitek Engineering.

Profitability

This table compares Omnitek Engineering and Innoviz Technologies’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Omnitek Engineering	-20.47%	N/A	-22.91%
Innoviz Technologies	-591.37%	-78.39%	-56.05%

About Omnitek Engineering

Omnitek Engineering Corp. develops and sells technology to convert diesel engines to an alternative fuel, natural gas engines, and complementary products in the United States and internationally. It offers conversion kits for converting diesel engines to run on an alternative fuel, including compressed, liquefied, and renewable natural gas, as well as liquid petroleum gas; natural gas engines and components; and high-pressure natural gas coalescing filters. The company's products are used for stationary applications; and the transportation market, such as light commercial vehicles, minibuses, heavy-duty trucks, and municipal buses, as well as rail and marine applications. It sells and delivers its products through its distributors, system integrators, fleet operators, and engine conversion companies, as well as directly to end-users. The company was incorporated in 2001 and is headquartered in Vista, California.

About Innoviz Technologies

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy. It also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving, as well as an option to integrate the perception application in the LiDAR sensor; and perception application, a software application that raw point cloud data from Innoviz LiDAR products into perception outputs. The company operates in Europe, Asia Pacific, the Middle East, Africa, and North America. It markets and sells its products through a direct sales organization, as well as through distribution channels. The company is headquartered in Rosh Haayin, Israel.