Welcome to our dedicated page for Microvision news (Ticker: MVIS), a resource for investors and traders seeking the latest updates and insights on Microvision stock.
MicroVision develops lidar-based perception solutions for automotive, industrial, and security and defense markets. Company news centers on short- and long-range solid-state lidar sensors, integrated hardware and software, and open software architecture used in autonomy, mobility, mapping, navigation, and infrastructure applications.
Recurring updates cover MOVIA sensor shipments, HALO long-range lidar integration, Tri-Lidar Architecture demonstrations, industrial autonomy deployments, security and defense orders, reseller and partner programs, and collaborations that combine MicroVision sensing technology with external platforms. News also includes quarterly results, business updates, capital actions, and integration of acquired lidar sensor assets.
MicroVision, a leader in MEMS-based solid-state automotive lidar and ADAS solutions, will report its fourth quarter and full year 2021 results on February 24, 2022, after market close. A conference call is scheduled for 2:00 PM PT/5:00 PM ET the same day, featuring management insights on financial results and a business update.
Investors can submit questions in advance or during the live webcast, which will be archived for later access on the Company's Investor Relations website.
MicroVision, a leader in MEMS-based automotive lidar and micro-display technology, has announced a combined Investment Community and Press Webcast on January 5, 2022, at 2:00 PM PT. This webcast replaces separate announcements and will feature insights from CEO Sumit Sharma and CFO Anubhav Verma, highlighting the company's automotive sensor technology. Following a previous demonstration at the IAA Mobility Show, the company aims to engage potential customers and investors. The event will be accessible via their Investors webpage and will be archived for future viewing.
MicroVision (NASDAQ:MVIS) has announced a transition to a fully virtual presence for the 2022 Consumer Electronics Show (CES) due to rising COVID-19 concerns. The company will conduct virtual meetings with potential customers and partners, along with webcasts on January 5, 2022. A press conference at 11:00am PT will showcase their automotive sensor technology, followed by an investment community webcast at 2:00pm PT. This move follows a public demonstration of their technology in September 2021.
MicroVision, Inc. (NASDAQ:MVIS) will showcase its automotive lidar sensor technology at CES 2022, scheduled for January 5-8 in Las Vegas. This follows their initial demonstration at the IAA Mobility Show in September. CEO Sumit Sharma expressed excitement about engaging potential customers and partners during the event. MicroVision focuses on MEMS-based laser beam scanning technology, integrating hardware and software for various applications, including automotive lidar. The company invites interested parties to schedule meetings at their booth.
MicroVision (NASDAQ:MVIS) announced its involvement in a consortium aimed at establishing standards and testing frameworks for automotive LiDAR sensors. CEO Sumit Sharma emphasized the need for industry-wide testing standards to enable fair comparison of sensor quality, crucial for assisting ADAS and autonomous driving technologies. This project will create common guidelines for sensor specification and evaluation, led by fka GmbH, and includes other prominent OEMs and Tier 1 suppliers. MicroVision is one of three selected LiDAR developers participating in this initiative.
MicroVision, a leader in MEMS-based solid-state automotive lidar and micro-display technology, reported its third-quarter 2021 results. Revenue increased to $0.7 million, up from $0.6 million in Q3 2020. However, the net loss for the quarter widened to $9.4 million or $0.06 per share, compared to $2.8 million in Q3 2020. Adjusted EBITDA was negative $6.2 million, worsening from negative $2.1 million year-over-year. Cash used in operations rose to $10.0 million from $3.5 million. The company ended the quarter with $125.1 million in cash and equivalents.
MicroVision (NASDAQ: MVIS) will announce its third quarter 2021 results on October 28, 2021, after market close. Following the results, a webcast will commence at 2:00 p.m. Pacific Time, accessible via the Investor Relations section of MicroVision's website. Investors can submit questions ahead of time via email or during the live event. MicroVision specializes in MEMS based technology for automotive lidar and augmented reality applications, integrating various technologies to serve emerging markets.
MicroVision, Inc. (NASDAQ: MVIS) has announced the retirement of CFO Stephen P. Holt, effective November 15, 2021, after serving since 2013. Holt will assist as an advisor during the transition to new CFO Anubhav Verma, who has a strong background in finance and investments. CEO Sumit Sharma praised Holt's contributions and expressed confidence in Verma's leadership to drive growth. The company continues to work on key lidar developments with a solid balance sheet, aiming to enhance its market presence in automotive and augmented reality sectors.
MicroVision, Inc. (NASDAQ: MVIS) announced that CEO Sumit Sharma will be featured in a webcast interview on October 21, 2021, at 7:30 am PT. The interview, conducted by InvestorPlace Analyst Joanna Makris, can be accessed on InvestorPlace and the Investor Relations section of MicroVision's website. MicroVision specializes in MEMS-based solid-state automotive lidar and micro-display technologies, integrating various advanced technologies to serve emerging markets.
MicroVision, a leader in automotive lidar and micro-display technology, reported a revenue of $0.7 million for Q2 2021, compared to $0.6 million in Q2 2020. The net loss widened to $15.0 million or $0.09 per share, influenced by a $7.9 million non-cash compensation expense, versus a loss of $2.3 million in the prior year. Operational cash usage increased to $6.7 million from $2.9 million. The company ended Q2 2021 with $135.3 million in cash, a significant rise from $16.9 million at the end of Q4 2020. MicroVision anticipates limited sales of its LRL product family beginning in Q4 2021.