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, Inc. (NASDAQ: MVIS) is a technology company focused on lidar-based perception solutions for autonomy and mobility, with applications across automotive, industrial, and defense-related markets. This news page aggregates company announcements, press releases, and other public updates so readers can follow how MicroVision’s lidar hardware and perception software are being developed and deployed.
In its recent news, MicroVision has highlighted commercial momentum in the industrial and Security & Defense sectors, including an initial order for its solid-state, flash-based MOVIA L short-range lidar sensors with integrated software. The company has also reported progress in integrating its MOVIA lidar into NVIDIA’s DRIVE AGX platform, positioning its technology within an autonomous vehicle ecosystem and supporting engagement with global automotive OEMs.
Visitors to this page can review updates on MicroVision’s product portfolio, such as announcements around its next-generation MOVIA S short-range sensor and its Tri-Lidar Architecture solution. The company’s news also covers strategic initiatives like its agreement to acquire the business and assets of Scantinel Photonics GmbH to add 1550nm FMCW long-range lidar technology, as well as the formation of an Aerial Systems team and expansion into the defense tech and ISR sectors.
In addition to technology and market developments, MicroVision’s news flow includes quarterly earnings releases, commentary on non-GAAP financial measures, and corporate governance changes, such as leadership transitions and board appointments. Investors and followers of MVIS can use this page to monitor operational milestones, sector-specific initiatives in automotive, industrial automation, and defense, and other material events disclosed by the company over time.
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.
MicroVision, a leader in ultra-miniature projection technology, announced a $13 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group on December 29, 2020. The company plans to use the proceeds for general corporate purposes, including working capital and capital expenditures, while developing its automotive lidar module. MicroVision expects the financing to strengthen its balance sheet, providing a cash runway through 2021 and into early 2022. The agreement allows sales of common stock at prevailing market prices.
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.