Welcome to our dedicated page for Microvision news (Ticker: MVIS), a resource for investors and traders seeking the latest updates and insights on Microvision stock.
MicroVision, Inc. (NASDAQ: MVIS) is a technology company focused on lidar-based perception solutions for autonomy and mobility, with applications across automotive, industrial, and defense-related markets. This news page aggregates company announcements, press releases, and other public updates so readers can follow how MicroVision’s lidar hardware and perception software are being developed and deployed.
In its recent news, MicroVision has highlighted commercial momentum in the industrial and Security & Defense sectors, including an initial order for its solid-state, flash-based MOVIA L short-range lidar sensors with integrated software. The company has also reported progress in integrating its MOVIA lidar into NVIDIA’s DRIVE AGX platform, positioning its technology within an autonomous vehicle ecosystem and supporting engagement with global automotive OEMs.
Visitors to this page can review updates on MicroVision’s product portfolio, such as announcements around its next-generation MOVIA S short-range sensor and its Tri-Lidar Architecture solution. The company’s news also covers strategic initiatives like its agreement to acquire the business and assets of Scantinel Photonics GmbH to add 1550nm FMCW long-range lidar technology, as well as the formation of an Aerial Systems team and expansion into the defense tech and ISR sectors.
In addition to technology and market developments, MicroVision’s news flow includes quarterly earnings releases, commentary on non-GAAP financial measures, and corporate governance changes, such as leadership transitions and board appointments. Investors and followers of MVIS can use this page to monitor operational milestones, sector-specific initiatives in automotive, industrial automation, and defense, and other material events disclosed by the company over time.
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.
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.
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