Microvision Stock Price, News & Analysis

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.

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.