Microvision Stock Price, News & Analysis

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.

MicroVision, Inc. (NASDAQ:MVIS) announced the commencement of delivering MAVIN DR dynamic view lidar system samples to OEMs and Tier 1 suppliers. This milestone enables OEMs to test and validate the sensor, which features high resolution and low latency for advanced driver-assistance systems (ADAS). With capabilities for short, medium, and long-range sensing at speeds of up to 130 km/h, MAVIN aids in proactive decision-making for safety. Designed for seamless integration into vehicles, MAVIN supports OEM supply chains while maintaining cost-effectiveness.

MicroVision Achieves Class 1 Compliance for MAVIN DR Lidar System

MicroVision, Inc. (NASDAQ:MVIS) has announced that its MAVIN DR dynamic view lidar system is now a Class 1 laser product compliant, aligning with international safety standards. This milestone enables the company to begin sample sales and pursue partnerships with OEMs, enhancing market opportunities. The MAVIN DR boasts high resolution and low latency, meeting the demands of advanced driver-assistance systems (ADAS). This compliance, a first in the industry, equips MicroVision for competitive advantage and safe operation.

MicroVision, Inc. (NASDAQ:MVIS) has announced that its MAVIN DR lidar system is now supported on the NVIDIA DRIVE AGX platform, enhancing ADAS capabilities for OEMs. This system provides a dynamic field of view with low latency, contributing to true highway-pilot functionality. The partnership with NVIDIA aims to expedite the safe adoption of advanced safety features in vehicles, leveraging high-resolution sensor technology to improve performance and reduce costs. Additionally, the MAVIN DR is also supported on the NVIDIA DRIVE Sim simulation platform.

MicroVision (NASDAQ: MVIS) announced its Q2 2022 results on July 28, 2022, reporting revenue of $0.3 million, a decline from $0.7 million in Q2 2021. The net loss was $13.6 million, or $0.08 per share, an improvement from $15.0 million in the same quarter last year. Adjusted EBITDA was negative $9.2 million, compared to negative $6.7 million in Q2 2021. Cash used in operating activities increased to $9.7 million. The company ended the quarter with $92.9 million in cash. OEM collaborations are progressing, with sample sales expected in H2 2022.

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.