Microvision Stock Price, News & Analysis

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).

MicroVision, Inc. (NASDAQ:MVIS) will engage in a virtual event on April 13, 2022, featuring one-on-one meetings and a Fireside Chat webcast with CEO Sumit Sharma and CFO Anubhav Verma. This event targets institutional investors, family offices, and analysts, allowing them to request personalized meetings. The webcast, scheduled for 8:00 AM PT/11:00 AM ET, will include a Q&A session for investors. Access to the live presentation and archives will be available on MicroVision's Investor Relations website.

MicroVision (NASDAQ:MVIS) announced the appointment of Jeffrey Herbst to its Board of Directors. With over thirty years of experience in operational, business development, and venture capital roles, Herbst's background, particularly at NVIDIA, is expected to enhance MicroVision's position in the automotive lidar and Advanced Driver-Assistance Systems (ADAS) market. Herbst has a history of managing significant investments and acquisitions, which could be beneficial for the company's growth strategy.

MicroVision, Inc. (NASDAQ:MVIS) announced a Virtual Fireside Chat hosted by Cantor Fitzgerald on March 22, 2022 at 10:00 AM PT/1:00 PM ET. CEO Sumit Sharma and CFO Anubhav Verma will participate, discussing topics relevant to lidar and ADAS technologies. This event is available for Cantor Fitzgerald's institutional investor clients, who can register through their representatives. An archived version of the event will be available on MicroVision's Investor Relations website shortly after the live presentation.

MicroVision, a leader in MEMS-based automotive lidar solutions, announced its Q4 and full year 2021 results on February 24, 2022. The company achieved revenue of $0.6 million in Q4 2021, up from $0.4 million in Q4 2020. However, it reported a net loss of $12.6 million, significantly larger than the $3.6 million loss in the same quarter the previous year. Notably, MicroVision improved its cash position by approximately $100 million, ending the year with $115 million in cash and investments. The company also plans to test its Highway Pilot system in the U.S. and Germany in Q2 2022.

MicroVision, Inc. (NASDAQ: MVIS), specialized in MEMS-based automotive lidar and ADAS solutions, announced participation in two investor conferences. On February 25, 2022, at 11:30 AM PT/2:30 PM ET, they will host a virtual presentation at the Aegis Investor Conference, allowing live questions. Following this, on March 9, 2022, they will engage in one-on-one meetings at the Investor Summit and present at 10:15 AM PT/1:15 PM ET, with live Q&A options. Access to webcasts and presentations will be available on their Investor Relations website.

MicroVision, a leader in MEMS-based solid-state automotive lidar and ADAS solutions, will report its fourth quarter and full year 2021 results on February 24, 2022, after market close. A conference call is scheduled for 2:00 PM PT/5:00 PM ET the same day, featuring management insights on financial results and a business update.

Investors can submit questions in advance or during the live webcast, which will be archived for later access on the Company's Investor Relations website.