Microvision Stock Price, News & Analysis

MicroVision, based in Redmond, Washington, will release its first quarter 2021 financial results on April 29, 2021, after market close. A webcast will follow at 2:00 PM PT that same day, accessible through their Investor Relations website. Investors can submit questions in advance or during the live event. MicroVision specializes in MEMS-based lidar and micro-display technology, focusing on various applications including automotive sensors and augmented reality displays.

MicroVision (NASDAQ: MVIS) announced that Yalon Farhi will not seek re-election to its board of directors at the 2021 annual meeting, effective upon the expiration of his term. Farhi has served on the board since September 2016 and leaves to pursue personal business interests. His departure is acknowledged positively by Chairman Brian Turner, who highlights Farhi's contributions and expertise in international business. MicroVision continues to focus on MEMS-based lidar and micro-display technologies for the automotive and augmented reality markets.

MicroVision (NASDAQ: MVIS) announced its fourth quarter and full year 2020 results, highlighting significant advancements in automotive lidar technology. CEO Sumit Sharma noted the progress in their LiDAR development and improvements to the company's balance sheet and team. They expect to showcase A-Sample hardware and benchmarked data to interested parties by April 2021. Additionally, a first-generation Long Range Lidar sensor may be available for sale in small quantities by late 2021. A webcast detailing the financial results is set for March 11, 2021.

MicroVision (NASDAQ: MVIS) announces the resignation of General Counsel David Westgor, who has served the company for over 15 years, including the past 8 years in this role. At 67, Westgor feels it's time to retire but will assist the company on a consulting basis until June. The company’s leadership commended Westgor for his integrity, expertise, and contributions toward maturing its technology and intellectual property, positioning MicroVision for future strategies.

MicroVision (NASDAQ: MVIS) announced it will release its Q4 and full year 2020 results on March 11, 2021, after market close. A webcast for investors will commence at 2:00 p.m. PT on the same day, accessible via the company's Investor Relations page. MicroVision specializes in MEMS-based technology for automotive lidar and augmented reality applications, integrating multiple technologies into its products. The company warns of risks related to finding strategic solutions, cash flow, and market acceptance, among others.

MicroVision, Inc. (NASDAQ: MVIS) has announced the appointment of Seval Oz to its board of directors, succeeding Bernee D. L. Strom, who has stepped down. Oz brings extensive experience in mobility and autonomous vehicle technology, having served as CEO of Aurima, CEO of Continental Intelligent Transportation Systems, and head of global partnerships at Waymo. CEO Sumit Sharma expressed enthusiasm for Oz's management expertise as the company develops its automotive lidar technology. The transition is viewed positively, aiming to enhance the company’s strategic direction.

MicroVision, Inc. (NASDAQ: MVIS) has completed a $50 million At-the-Market equity offering with Craig-Hallum Capital Group. The company issued 2.5 million shares for net proceeds of $48.7 million and has exhausted this ATM agreement. CEO Sumit Sharma emphasized that this financing will strengthen the company's balance sheet and help in pursuing strategic alternatives. MicroVision aims to advance its development of a high-performance lidar sensor, with a milestone set for April 2021.

MicroVision, Inc. (NASDAQ: MVIS) announced a $50 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group LLC. The company plans to use proceeds from this offering for general corporate purposes, including working capital and potential strategic transactions. CEO Sumit Sharma expressed confidence in the financing's role in solidifying the company's balance sheet as they pursue strategic alternatives. MicroVision remains focused on completing its Long Range Lidar module by April 2021 to enhance shareholder value.

MicroVision (NASDAQ: MVIS) announced it has received components and equipment necessary to achieve its April milestone of completing A-Samples for its Long Range Lidar Sensor. The company has begun outdoor testing of key features on its development platform. Designed for autonomous driving, the sensor will have a range of at least 250 meters and output velocity of moving objects in real time. Expected to meet OEM requirements, the sensor aims to achieve commercial success with costs below $1,000 ASP.