MicroVision

MicroVision, Inc. engages in the development of laser beam scanning technology. It integrates micro-electrical mechanical systems (MEMS), lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. It uses its technology to develop automotive lidar sensors and provide solutions for advanced driver-assisted systems (ADAS). In addition to the automotive lidar sensor, the company has developed micro-display concepts and designs that could be utilized in head-mounted Augmented Reality (AR) headsets and a 1440i MEMS module that can support augmented reality headsets. It has also developed a display solution targeted at the smart speakers market, called an Interactive Display module. This display is designed to project onto a countertop, tabletop or a wall from inside a smart speaker. The user can then touch the projected image on any surface on which the display is visible and it will behave like a touchscreen, as on a tablet or smartphone. The company was founded in May 1993 and is headquartered in Redmond, WA.

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MicroVision projects strong revenue growth in 2023 amid strategic partnerships

MicroVision's Q4 2022 earnings call highlighted robust revenue expectations, strategic product positioning, and a focus on financial discipline. The company faces challenges in stabilizing recent acquisitions, managing cash burn, and competing effectively in a dynamic market. However, opportunities for growth through OEM partnerships, revenue diversification, and technological advancements position MicroVision for a promising future.

MicroVision reports solid Q1 revenue, faces industry challenges and growth opportunities

MicroVision's Q1 2023 earnings call highlighted strong revenue performance, strategic sales focus, and financial discipline.
The company faces challenges in navigating recent acquisitions, market potential, and industry developments.
Opportunities lie in product portfolio expansion, market growth, and strategic capital deployment for sustainable success.

MicroVision reports Q2 revenues, eyes growth with OEM partnerships

MicroVision's Q2 performance saw lower revenues but anticipates growth in Q3, supported by a strong cash position and cost management strategies.
The company's strengths lie in strategic partnerships, product differentiation, and focus on perception technology, while facing challenges in revenue generation and cost competitiveness.
Opportunities for MicroVision include RFQ wins, engaging with OEMs for development, and potential strategic M&A, all aimed at driving growth and market presence.

MicroVision reports strong Q3 performance, eyes OEM partnerships for growth

MicroVision's Q3 2023 performance showcased revenue growth, strong margins, and healthy liquidity, supporting operations through 2024.
The company's strengths lie in securing nominations with OEMs, dynamic view lidar technology, and sustainable business strategies.
Challenges include meeting detailed financial diligence, balancing sales strategies, and negotiating profitable OEM contracts.
Opportunities for MicroVision include revenue growth in Q4, securing OEM contracts, and scaling production efficiently.

MicroVision reports strong Q4 earnings, eyes automotive lidar growth

MicroVision's strong financial performance in Q4 2023 and strategic focus on automotive lidar technology position the company for growth.
While facing challenges in capital raising and market dynamics, the company's strengths in technology and partnerships offer resilience.
Opportunities in securing RFQs, nomination projects, and expanding ADAS solutions present avenues for revenue growth and market leadership.
Balancing performance, strengths, challenges, and opportunities will be crucial for MicroVision's success in the competitive lidar industry.

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MicroVision, Inc. engages in the development of laser beam scanning technology. The company integrates micro-electrical mechanical systems (MEMS), lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. It also develops automotive lidar sensors and provide solutions for advanced driver-assistance systems (ADAS), autonomous vehicles, and non-automotive applications. The company was founded in May 1993 and is headquartered in Redmond, WA.

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The Zacks Laser Systems and Components industry participants like MicroVision (MVIS), Cutera (CUTR) and IRIDEX Corporation (IRIX) gain from solid demand for emerging applications like autonomous driving, IoT, 5G and healthcare amid challenging macroeconomic conditions.

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MicroVision (MVIS) reaffirms its revenue guidance for 2023 and reveals that it is discussing partnering with OEMs for the implementation of LiDAR-based advanced safety systems in vehicles.

MicroVision (MVIS) Reaffirms Revenue Guidance for This Year

REDMOND, WA / ACCESSWIRE / December 14, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today reiterated its 2023 revenue guidance and provided updates on engagement with OEMs. "As we wrap up a year of strong growth and momentum for MicroVision, we want to give a brief update to shareholders about where we are and where we're going," said Sumit Sharma, MicroVision's Chief Executive Officer.

MicroVision Reiterates Revenue Guidance and Provides Updates on OEM Engagements

ZUG, SWITZERLAND / ACCESSWIRE / December 4, 2023 / Luxoft, a DXC Technology Company, have teamed up with MicroVision (NASDAQ:MVIS) to set the foundation for a new generation of testing and simulation environments. Modern advanced driver assistance systems (ADAS) and autonomous drive (AD) applications rely on algorithms that must be tested and validated using ground truth (GT) data.

Luxoft and MicroVision Join Forces to Enhance ADAS Automated Testing at Scale

REDMOND, WA / ACCESSWIRE / November 14, 2023 / MicroVision, Inc. (Nasdaq:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announced its executive management team and several members of its Board of Directors have entered into private placement agreements to purchase shares of the Company's common stock. Pursuant to the agreements, the purchasers will acquire an aggregate of approximately $100,000 of MicroVision's common stock at $1.97 per share, yesterday's closing price as reported on The Nasdaq Stock Market.

MicroVision Directors and Executive Team to Purchase Shares

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Ouster and Innoviz had positive financial performance in Q3, with Ouster achieving expected milestones and Innoviz maintaining its revenue forecast. Cepton and Luminar revised their forecasts downward, while MicroVision set a lower target for the year. Cash runway analysis shows that AEye and MicroVision will run out of cash in 2024, while Innoviz may exhaust its cash by 2025.

Lidar Quarterly Insights: Q3 2023 Update

MicroVision, Inc. (NASDAQ:MVIS ) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Drew Markham - General Counsel Sumit Sharma - Chief Executive Officer Anubhav Verma - Chief Financial Officer Conference Call Participants Operator Good afternoon, and welcome to the MicroVision Third Quarter 2023 Financial and Operating Results Conference Call. At this time, all participants are in a listen-only mode.

MicroVision, Inc. (MVIS) Q3 2023 Earnings Call Transcript

REDMOND, WA / ACCESSWIRE / November 8, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its third quarter 2023 results. "We closed the third quarter having made further significant progress toward our 2023 milestones, in particular our automotive design win goal, with a focus on programs involving high-volume passenger vehicles and commercial vehicles.

MicroVision Announces Third Quarter 2023 Results

REDMOND, WA / ACCESSWIRE / November 1, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announced that it will report its third quarter 2023 results on Wednesday, November 8, 2023 after the market close. The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 2:00 PM PT/5:00 PM ET on Wednesday, November 8, 2023 to discuss the financial results and provide a business update.

MicroVision to Announce Third Quarter 2023 Results on November 8, 2023

Lidar companies' sustainability is crucial for investment; many may need equity sales to survive. Revenue forecasts and cash expenditures play a significant role in determining a company's potential for profitability and longevity. Only Luminar and Ouster show financial resilience and the potential to achieve profitability by 2026, while other companies may require additional funding.

Modeling Lidar Companies' Survival And Profitability

MicroVision offers robust IP but struggles with concentrated revenue and high expenses. MVIS needs $90 million in yearly revenues to break even, a challenging target. The ADAS sector alone offers an estimated $88 billion market through 2030.

MicroVision's High-Risk, High-Reward Profile

REDMOND, WA / ACCESSWIRE / August 29, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announced it has entered into a $35 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group LLC (Craig-Hallum). Under the sales agreement, MicroVision may, from time to time at its discretion, offer and sell shares of its common stock having an aggregate value of up to $35 million through Craig-Hallum.

MicroVision Announces $35 Million At-The-Market Equity Facility

The lidar business is gaining momentum as OEMs actively pursue new designs within the upcoming six months. Ouster remains deeply undervalued in the comparison. The cash runway emerges as a significant challenge for AEye.

Investing In Lidar, Mid-Year 2023 Update

MicroVision, Inc. (NASDAQ:MVIS ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Drew Markham - General Counsel Sumit Sharma - Chief Executive Officer Anubhav Verma - Chief Financial Officer Conference Call Participants Anand Balaji - Cantor Fitzgerald Operator Good afternoon, and welcome to the MicroVision Second Quarter 2023 Financial and Operating Results Conference call. At this time, all participants are in a listen-only mode.

MicroVision, Inc. (MVIS) Q2 2023 Earnings Call Transcript

REDMOND, WA / ACCESSWIRE / August 8, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its second quarter 2023 results. "We are pleased with our forward momentum over the quarter and the uptick in inbound inquiries during the first half of 2023.

MicroVision Announces Second Quarter 2023 Results

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REDMOND, WA / ACCESSWIRE / August 1, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announced that it will report its second quarter 2023 results on Tuesday, August 8, 2023 after the market close. The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 2:00 PM PT/5:00 PM ET on Tuesday, August 8, 2023 to discuss the financial results and provide a business update.

MicroVision to Announce Second Quarter 2023 Results on August 8, 2023

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The developer of next-generation auto technology had a successful capital-raising effort. It said it now has roughly $95 million in cash and equivalents following a stock issue.

Why MicroVision Stock Surged 17% Higher on Friday

REDMOND, WA / ACCESSWIRE / June 29, 2023 / MicroVision, Inc. (Nasdaq:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announced the completion of its at-the-market (ATM) equity facility pursuant to the At-The-Market Issuance Sales Agreement that MicroVision entered into on June 16, 2023 with Craig-Hallum Capital Group LLC. After taking into account the net proceeds from the ATM, the Company has, as of today, approximately $95 million in cash and cash equivalents, including investment securities.

MicroVision Announces Completion of At-the-Market Equity Facility

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High-performance automotive lidar (light detection and radar) sensor company MicroVision (NASDAQ: MVIS ) has received a lot of attention from meme-stock traders lately. Yet, that's not a sufficient reason to invest in MicroVision now.

Look Out Below! MVIS Stock Looks Ready to Crash.

Management is no longer planning a new stock offering. MicroVision is a volatile stock with a tiny sales footprint.

Why MicroVision Stock Was Down This Week

MicroVision has withdrawn its proposal for a sale of new stock. Canceling the proposed stock sale means that investors won't be diluted.

Why MicroVision Stock Is Skyrocketing Today

MicroVision has almost doubled its value this year, given improved clarity on its longer-term roadmap, reinforced by its recent acquisition of Ibeo Automotive Systems GmbH. Yet, MVIS stock's eye-popping intra-day declines and gains within the mere 24 hours just passed underscore its vulnerability to significant volatility ahead. In addition to downside risks in tandem with the uncertain market climate, we view the lack of longer-term clarity on MicroVision's capital structure a key company-specific multiple compression risk ahead.

News for MicroVision Stock (MVIS)