Microvision Stock Price, News & Analysis

MicroVision (NASDAQ: MVIS) has announced the launch of its new MOVIA lidar sensor, designed for various industrial applications including agriculture and logistics. The lightweight sensor complements the company's existing MAVIN sensor for automotive systems. Additionally, MicroVision reported a purchase commitment for its legacy Gen 1 Scala sensor from a repeat customer, predicting revenue of $400,000 to $500,000 for Q1 2023. COO Sumit Sharma emphasized their commitment to enhancing ADAS systems and noted strong integration progress since acquiring Ibeo Automotive Systems. The company highlighted its broad product portfolio and technological advantages, backed by a substantial patent portfolio.

MicroVision (NASDAQ: MVIS) will actively participate in two major investor conferences. The first is the Maxim Group's Electric Vehicle & Auto Tech Virtual Conference on March 30, 2023, where it will appear on the "Autonomous Sensors and Driving" panel from 11:30 AM to 12:30 PM ET. The event will be available live and archived on their Investor Relations website.

The second event will be the Emerging Growth Virtual Conference on April 5, 2023, scheduled from 11:25 AM to 11:55 AM ET. Analysts and investors can submit questions in advance or during the live event. For more details, visit MicroVision's website.

MicroVision, Inc. (NASDAQ:MVIS) will host its Retail Investor Day on April 14, 2023, in Redmond, WA. The event aims to discuss the company's revenue growth drivers and vision for advancing the automotive lidar and ADAS market. Attendees can expect a demo vehicle showcasing MicroVision's lidar technology, live product demonstrations, management presentations, and interactive Q&A sessions. Space is limited, and reservations can be made online. The investor day will also feature a Town Hall session focusing on publicly reported information, with video highlights available after the event.

MicroVision (NASDAQ: MVIS) has launched its MOSAIK validation suite aimed at enhancing ADAS and autonomous vehicle platforms. This suite allows automotive manufacturers, including Jaguar Land Rover (JLR), to validate their systems with advanced validation solutions. Following the acquisition of assets from Ibeo Automotive Systems, MicroVision provides a complete solution incorporating both hardware and software for ADAS and AV validation. CEO Sumit Sharma emphasized the efficiency of the suite in processing data against ground truth to enhance vehicle safety and capabilities.

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.