Microvision Stock Price, News & Analysis

MicroVision, Inc. (Nasdaq: MVIS) has appointed Judy Curran to its board of directors, effective December 1, 2020. Curran brings over 30 years of automotive experience, notably from her time at Ford Motor Company, where she led innovation in assisted driving and other technologies. Her expertise in the automotive sector is expected to enhance MicroVision's strategic direction, especially in lidar sensor technology.

Brian Turner, the Chairman, expressed confidence that Curran will add valuable insights as the company explores strategic options with Craig-Hallum Capital Group.

MicroVision, Inc. (NASDAQ: MVIS) announced progress in developing its first-generation MEMS Dynamic Scanning Long Range Lidar sensor module. Key features include a 200-meter range, performance in sunlight, and robustness against rogue signals. The company aims to meet automotive industry standards by April 2021, promoting safety in vehicle maneuverability. CEO Sumit Sharma emphasized the module's technological advantage and early testing success, positioning MicroVision favorably for future strategic alternatives, including potential sale or merger.

MicroVision, Inc. (NASDAQ: MVIS) announced a $10 million At-the-Market equity offering agreement with Craig-Hallum Capital Group, effective November 9, 2020. This agreement allows MicroVision to sell shares at its discretion for general corporate purposes, including working capital and capital expenditures for potential strategic transactions. Sales will occur through negotiated transactions or market makers at prevailing market prices, and the offering will utilize an existing effective shelf registration statement with the SEC. Investors are encouraged to review the related prospectus for more details.

MicroVision, Inc. (NASDAQ:MVIS) reported third-quarter 2020 revenue of $0.6 million, down from $1.2 million in Q3 2019. The company's net loss narrowed to $2.8 million ($0.02 per share) compared to a loss of $6.1 million ($0.05 per share) in the same quarter last year. Cash and equivalents totaled $5.0 million, a decrease from $5.8 million at the end of Q4 2019. CEO Sumit Sharma emphasized the pursuit of a strategic transaction that accurately reflects the value of their technology and thanked shareholders for their support during the recent special meeting.

MicroVision, Inc. (NASDAQ:MVIS) will announce its third quarter 2020 results on October 29, 2020, after market close. A live webcast for discussing the results will commence at 2:00 p.m. PT on the same day. Interested investors can access the event on the company's Investor Relations website and submit questions via email. MicroVision specializes in ultra-miniature projection and sensing technology, holding a distinguished intellectual property portfolio, recognized among the top in the industry.

MicroVision, based in Redmond, Wash., reported a revenue of $0.6 million for Q2 2020, down from $1.2 million in Q2 2019. The net loss narrowed to $2.3 million, or $0.02 per share, compared to a loss of $9.0 million, or $0.08 per share, in the prior year. The company ended the quarter with $7.8 million in cash, an increase from $5.8 million at the end of Q4 2019. CEO Sumit Sharma stated that MicroVision is exploring strategic alternatives, including potential sales or mergers, to maximize shareholder value.

MicroVision (NASDAQ: MVIS) announced it will report its second quarter 2020 financial results on August 5, 2020, after market close. Following the results, a webcast will take place at 2:00 p.m. Pacific Time, accessible via the Investor Relations section of the company's website. Interested parties can submit questions in advance to IR@MicroVision.com. MicroVision is renowned for its PicoP® scanning technology, showcasing its capabilities in projection and sensing technology.

MicroVision, Inc. (Nasdaq: MVIS) announced on June 22, 2020, that it has regained compliance with Nasdaq's listing requirements, following a notification of a previous bid price rule violation. The Nasdaq Hearings Panel granted an extension that allowed MicroVision to meet compliance standards. The company will continue to monitor the potential need for a reverse stock split, as authorized by shareholders. MicroVision is recognized for its PicoP® scanning technology and holds a prominent intellectual property portfolio.

MicroVision, Inc. (Nasdaq: MVIS) has announced the election of Dr. Mark B. Spitzer to its board of directors. Dr. Spitzer brings extensive experience in technology innovation, particularly in augmented reality (AR) and virtual reality (VR), with a strong background in developing micro-display systems. His previous roles include leadership positions at Google X and founding MicroOptical Corporation. The appointment aims to strengthen the company's strategic direction as it explores options with Craig-Hallum Capital Group for its technology. Dr. Spitzer's expertise is expected to enhance the company's growth potential.