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, Inc. (NASDAQ:MVIS) will announce its second quarter 2022 financial results on July 28, 2022, after market close. Following the results, a conference call and webcast will take place at 2:00 PM PT / 5:00 PM ET, featuring management's remarks, a presentation, and a Q&A session. Analysts and investors are invited to submit questions during the live event. The webcast will be accessible via the Company's Investor Relations website and archived for later viewing.
MicroVision, Inc. (NASDAQ:MVIS) announced the release of new videos showcasing successful highway speed track tests of its MAVIN™ line, particularly the MAVIN DR, designed for advanced driver assistance systems (ADAS). The tests focused on complex object tracking and changing lighting conditions, demonstrating the system's ability to accurately track objects at high speeds and in low light. This milestone highlights MicroVision's commitment to refining its technology and attracting potential OEM partners, while ensuring scalable and cost-effective solutions.
MicroVision announced the completion of its Germany test vehicle, designed to showcase its MAVIN sensor line, including the new MAVIN DR dynamic view lidar system. This vehicle is set to demonstrate advanced safety features for original equipment manufacturers (OEMs) in private meetings over the next several weeks. The completion of a second highway test track session marks significant progress, providing data on high-speed sensor fusion capabilities. The MAVIN DR sensor offers improved range and clarity for advanced driver assistance systems (ADAS).
MicroVision (NASDAQ: MVIS) announced its addition to the Russell Microcap Index effective June 27, 2022, which underscores the company's growth in automotive lidar and ADAS solutions. This membership enhances visibility among investors and reflects confidence in its leadership and strategies. MicroVision remains in the Russell 2000 and Russell 3000 indexes, which are used by investment managers managing approximately $12 trillion in assets. The inclusion aims to bolster public awareness and potentially attract more investment in the company.
MicroVision, Inc. (NASDAQ: MVIS) has launched its new lidar system, the MAVIN DR, designed to enhance advanced driver-assistance systems (ADAS) with high-speed, comprehensive safety features. This fourth lidar variant combines short, medium, and long-range sensing into a single unit, providing an ultra-high-resolution point cloud and allowing for a rapid response to road situations at highway speeds. The flexible design complements OEM requirements, making it scalable and cost-effective. This innovation aims to provide OEMs with superior safety technologies for the automotive sector.
MicroVision, Inc. (NASDAQ:MVIS) announced plans to showcase its Long Range Lidar sensor at the ADAS & Automotive Vehicle Technology Expo in Stuttgart, Germany, from June 21-23, 2022. CEO Sumit Sharma emphasized the importance of demonstrating their technology to automotive OEMs and Tier 1 suppliers at this premier event, which has been canceled in previous years due to the pandemic. The Expo serves as a platform for showcasing advancements in automotive safety and autonomous systems, highlighting the critical role of lidar and perception software in future automotive innovations.
MicroVision, a leader in MEMS-based automotive lidar technology, is set to engage in one-on-one meetings with institutional investors during two upcoming virtual conferences. Scheduled for May 10, 2022, at the Oppenheimer Emerging Growth Virtual Conference and June 21, 2022, at the Credit Suisse Mobility Virtual Forum, CEO Sumit Sharma and CFO Anubhav Verma will connect with potential investors. Interested parties can reach out via email for meeting requests. For further details, their investor presentation is available on the MicroVision Investor Relations website.
MicroVision, Inc. (NASDAQ: MVIS) reported its Q1 2022 results with revenue of $0.4 million, a decline from $0.5 million in Q1 2021. The net loss increased to $13.2 million, or $0.08 per share, influenced by a $3.7 million share-based compensation expense. Adjusted EBITDA was negative $9.0 million, worse than the previous year's negative $4.3 million. Cash used in operations rose to $10.9 million, up from $4.5 million in Q1 2021. Ending cash and equivalents stood at $103.3 million, down from $115.4 million at 2021's year-end. Management will discuss these results in a conference call on April 27, 2022.
MicroVision (NASDAQ:MVIS) has released videos showcasing the track testing of its automotive lidar sensor and perception software, emphasizing its integrated hardware and software solution's progress. CEO Sumit Sharma noted the importance of testing key advanced driver-assistance systems (ADAS) scenarios at highway speeds for safety. Following a sneak peek on April 14, the company debuted a seven-minute video demonstrating its technology's capabilities on an independent test track in Michigan. More video content is anticipated soon.
MicroVision, Inc. (NASDAQ: MVIS) will announce its first quarter 2022 results on April 27, 2022, after market close. A conference call will follow at 2:00 PM PT/5:00 PM ET featuring management's remarks, a presentation, and a Q&A session with analysts and investors. Questions can be posed live or submitted in advance via the provided link. The conference call and presentation will be accessible on the Company's Investor Relations website.
MicroVision specializes in MEMS-based technologies for automotive lidar and advanced driver-assistance systems (ADAS).