Microvision - MVIS STOCK NEWS

MicroVision (NASDAQ:MVIS) announced that its subsidiary, MicroVision GmbH, has successfully completed the TISAX assessment and achieved participant status. TISAX (Trusted Information Security Assessment Exchange) is a recognized security assessment framework for the German automotive industry, based on VDA Information Security Assessment standards.

The assessment, conducted by Dekra Certification GmbH, validates that MicroVision meets strict cybersecurity requirements essential for automotive suppliers. According to CTO Glen DeVos, this certification positions MicroVision as a trusted partner for automotive OEMs and Tier 1 suppliers in the rapidly evolving autonomous driving and vehicle connectivity sector.

MicroVision (NASDAQ:MVIS) has announced a Retail Investor Day scheduled for May 20, 2025 in Redmond, Washington. The event will provide shareholders an opportunity to interact with the executive team, including newly appointed Chief Technology Officer Glen DeVos.

The agenda includes live product demonstrations from 9:00 AM to 11:00 AM PT, followed by a Town Hall with management presentations from 11:00 AM to 12:00 PM PT, and an interactive lunch from 12:00 PM to 1:00 PM PT. The event will showcase MicroVision's product portfolio advancements, business strategy expansion, and emerging market opportunities.

Video highlights will be made available within a week after the event, and all information shared during the Town Hall and interactive lunch will be to publicly reported data. Due to space, interested participants must request an invitation to attend in person.

MicroVision (NASDAQ:MVIS) has announced the granting of 1.3 million restricted stock units (RSUs) to their newly appointed Chief Technology Officer, Glen W. DeVos, as part of his employment inducement package. The RSUs will vest over a four-year period, with 25% vesting annually on March 31 from 2026 through 2029, contingent upon DeVos's continued employment with the company. The grant, issued on April 2, 2025, falls under the Company's 2025 Inducement Equity Incentive Plan.

MicroVision (NASDAQ:MVIS) reported Q4 2024 financial results with revenue of $1.7 million, down from $5.1 million in Q4 2023. The company posted a net loss of $31.2 million ($0.14 per share) compared to $19.7 million loss in Q4 2023.

The company secured a $75 million convertible note facility and raised an additional $8 million through equity sale. MicroVision ended Q4 2024 with $74.7 million in cash and cash equivalents. A production commitment with ZF is expected to generate $30-$50 million in revenue over the next 12-18 months, primarily from AMR/AGV customers.

Business highlights include engagement with top-tier automotive OEMs on seven high-volume RFQs, strengthened leadership with the hiring of former Aptiv CTO Glen DeVos, and improved cost structure resulting in reduced cash burn. The company maintains access to additional capital of up to $161 million subject to certain conditions.

MicroVision (NASDAQ:MVIS) has appointed Glen W. DeVos as Chief Technology Officer to oversee global engineering and product strategy. DeVos, who will report to CEO Sumit Sharma, brings over three decades of experience in automotive and industrial markets, particularly in autonomy and mobility.

DeVos previously served at Aptiv and its predecessor Delphi Automotive since 1992, holding positions including Chief Technology Officer and President of the Advanced Safety and User Experience business unit. His extensive background includes leading global teams and successfully launching complex software and hardware platforms.

MicroVision (NASDAQ:MVIS), a technology company focused on advanced perception solutions in autonomy and mobility, has scheduled its fourth quarter and full year 2024 financial results announcement for March 26, 2025, after market close.

The company will host a conference call and webcast at 1:30 PM PT/4:30 PM ET on the same day, featuring management presentations, a slide presentation, and a Q&A session. Investors and analysts can participate in the Q&A session during the live webcast and may submit questions in advance.

MicroVision (NASDAQ:MVIS) has announced significant financial restructuring, securing up to $17 million in new capital while reducing its debt obligations. The company has decreased its debt by $12.25 million in principal, representing over 27% reduction of its convertible note.

The restructuring includes converting approximately $9.6 million in cash payments into roughly 11.7 million shares of common stock, and deferring payments due from June to August 2025. The company issued about $8 million in shares at a 12.5% market discount and warrants for an additional $9 million with a $1.57 exercise price.

MicroVision reports being engaged in seven high-volume RFQs with global automotive OEMs and expects significant recurring revenues from industrial customers starting in 2025. The company has increased production capacity to support high-volume orders from industrial customers and continues to advance partnerships with automotive OEMs.

MicroVision (NASDAQ:MVIS) has announced an increase in production capacity for its MOVIA L sensor to meet anticipated industrial sector demand. Working with their Tier 1 manufacturing partner, ZF, the company expects significant output growth in 2025 compared to 2024. The expanded production scale will lead to reduced average cost per sensor while maintaining high quality standards for industrial applications.

Tyler Technologies (NYSE: TYL) has been named to the Detroit Free Press' 'Michigan Top Workplaces 2024' list for the eighth time, ranking 20th in the large company category. The recognition, based on an independent employee survey by Energage, evaluates factors including company alignment, effectiveness, leadership, management, and work/life balance.

The Troy office, home to Tyler's Public Safety Division, employs nearly 600 people and develops software solutions for law enforcement, fire, and EMS agencies. The location also houses the company's New World ERP staff. The 2024 list includes 198 employers across public, private, nonprofit, and government sectors.