Microvision Stock Price, News & Analysis

MicroVision, Inc. (NASDAQ:MVIS) announced its participation in the Roth Capital 35th Annual Conference on March 13, 2023, in Dana Point, California. CEO Sumit Sharma and CFO Anubhav Verma will hold one-on-one meetings at the event. Interested attendees can schedule these meetings through Roth's platform or by contacting MicroVision's Investor Relations. Additionally, a fireside chat featuring CEO Sharma will be moderated by a Roth analyst. The event will be accessible via the Company's Investor Relations website, and the recording will be archived for future access.

MicroVision, Inc. (NASDAQ: MVIS) announced its fourth quarter and full year 2022 financial results, highlighting a transformational year with the integration of Ibeo Automotive. The company's product offerings now include advanced MEMS-based lidar for automotive and non-automotive applications. In Q4 2022, revenue was $0, down from $0.6 million in Q4 2021. The net loss for Q4 2022 was $13.5 million, reflecting a slight increase from the previous year. Cash reserves at the end of Q4 2022 were $82.7 million, down from $115.4 million in 2021. MicroVision aims to generate $10-15 million in revenue in 2023 from its expanded product suite.

MicroVision (NASDAQ:MVIS), a leader in MEMS automotive lidar and ADAS solutions, will report its Q4 and full year 2022 results on February 28, 2023, after market close. Following the results, a conference call and webcast will take place at 2:00 PM PT/5:00 PM ET to discuss financial outcomes and provide a business update. Investors can participate by posing questions during the session or submitting inquiries in advance. The live event, along with a presentation, will be accessible on the Company’s Investor Relations website and archived for future viewing.

MicroVision, Inc. (NASDAQ:MVIS) announced the successful integration of its MAVIN™ DR lidar sensor with newly acquired perception software from Ibeo Automotive Systems. This integration creates a cost-effective, one-box solution for automotive OEMs, enhancing the sensor's capabilities in object detection and tracking at distances up to 250 meters. The quick integration process reduces acquisition risks and positions MicroVision favorably against competitors. Key features include dynamic range performance, velocity detection, and a customizable design. The advancements aim to fulfill RFQs in 2023 and beyond, showcasing a robust team effort across multiple locations.

MicroVision recently completed the acquisition of Ibeo Automotive Systems, enhancing its position in the automotive lidar and advanced driver-assistance systems market. This acquisition combines MAVIN hardware with Ibeo’s perception software, projected to generate $10 to $15 million in revenue for 2023. It also diversifies MicroVision's market strategy into areas like industrial applications and robotics. The company plans to expand its partnership with ZF Friedrichshafen and continues under CEO Sumit Sharma's leadership. The combined expertise aims to innovate in autonomous driving technologies.

MicroVision (NASDAQ: MVIS) announced it will showcase its MAVIN DR dynamic view lidar system at CES 2023 from January 5-8 in Las Vegas. The technology aims to enhance ADAS functionalities, allowing vehicles to make rapid decisions at speeds up to 130 km/h (80 mph). Recent milestones include compliance achievements and an agreement to acquire Ibeo Automotive Systems GmbH for up to 15 million euros, combining technologies to expand its product offerings. Interactive demonstrations will take place at Booth #10271.

MicroVision (NASDAQ: MVIS) announced its acquisition of Ibeo Automotive Systems GmbH for up to €15 million. This strategic acquisition integrates Ibeo's perception software with MicroVision's MAVIN lidar hardware, aiming to develop a comprehensive automotive solution. The company expects revenue of $8 to $15 million in 2023, expanding its market reach into sectors like industrial and robotics. Enhanced manufacturing capabilities with ZF Friedrichshafen AG are anticipated, improving production efficiency. The deal is subject to regulatory approvals and aims to accelerate growth and diversification.

MicroVision, a leader in automotive lidar solutions, reported its Q3 2022 results on October 27, 2022. Revenue was $0, down from $0.7 million in Q3 2021. The net loss increased to $12.9 million, compared to $9.4 million in the previous year. Adjusted EBITDA was negative $8.5 million, worsening from negative $6.2 million. Cash reserves fell to $83.3 million from $115.4 million at year-end 2021. Despite these setbacks, the company has started sample sales to OEMs and anticipates increased sales into 2023, highlighting a potential recovery ahead.

MicroVision (NASDAQ: MVIS) announced it will release its third quarter 2022 results on October 27, 2022, after market close. A conference call and webcast will follow at 2:00 PM PT/5:00 PM ET for financial discussion and business updates. This session will include prepared remarks, a slide presentation, and a Q&A segment. Investors can submit questions beforehand via a provided link. The webcast will be available on the Company's Investor Relations website for later viewing.