Microvision Stock Price, News & Analysis

MicroVision (NASDAQ:MVIS) has announced a transition to a fully virtual presence for the 2022 Consumer Electronics Show (CES) due to rising COVID-19 concerns. The company will conduct virtual meetings with potential customers and partners, along with webcasts on January 5, 2022. A press conference at 11:00am PT will showcase their automotive sensor technology, followed by an investment community webcast at 2:00pm PT. This move follows a public demonstration of their technology in September 2021.

MicroVision, Inc. (NASDAQ:MVIS) will showcase its automotive lidar sensor technology at CES 2022, scheduled for January 5-8 in Las Vegas. This follows their initial demonstration at the IAA Mobility Show in September. CEO Sumit Sharma expressed excitement about engaging potential customers and partners during the event. MicroVision focuses on MEMS-based laser beam scanning technology, integrating hardware and software for various applications, including automotive lidar. The company invites interested parties to schedule meetings at their booth.

MicroVision (NASDAQ:MVIS) announced its involvement in a consortium aimed at establishing standards and testing frameworks for automotive LiDAR sensors. CEO Sumit Sharma emphasized the need for industry-wide testing standards to enable fair comparison of sensor quality, crucial for assisting ADAS and autonomous driving technologies. This project will create common guidelines for sensor specification and evaluation, led by fka GmbH, and includes other prominent OEMs and Tier 1 suppliers. MicroVision is one of three selected LiDAR developers participating in this initiative.

MicroVision, a leader in MEMS-based solid-state automotive lidar and micro-display technology, reported its third-quarter 2021 results. Revenue increased to $0.7 million, up from $0.6 million in Q3 2020. However, the net loss for the quarter widened to $9.4 million or $0.06 per share, compared to $2.8 million in Q3 2020. Adjusted EBITDA was negative $6.2 million, worsening from negative $2.1 million year-over-year. Cash used in operations rose to $10.0 million from $3.5 million. The company ended the quarter with $125.1 million in cash and equivalents.

MicroVision (NASDAQ: MVIS) will announce its third quarter 2021 results on October 28, 2021, after market close. Following the results, a webcast will commence at 2:00 p.m. Pacific Time, accessible via the Investor Relations section of MicroVision's website. Investors can submit questions ahead of time via email or during the live event. MicroVision specializes in MEMS based technology for automotive lidar and augmented reality applications, integrating various technologies to serve emerging markets.

MicroVision, Inc. (NASDAQ: MVIS) has announced the retirement of CFO Stephen P. Holt, effective November 15, 2021, after serving since 2013. Holt will assist as an advisor during the transition to new CFO Anubhav Verma, who has a strong background in finance and investments. CEO Sumit Sharma praised Holt's contributions and expressed confidence in Verma's leadership to drive growth. The company continues to work on key lidar developments with a solid balance sheet, aiming to enhance its market presence in automotive and augmented reality sectors.

MicroVision, Inc. (NASDAQ: MVIS) announced that CEO Sumit Sharma will be featured in a webcast interview on October 21, 2021, at 7:30 am PT. The interview, conducted by InvestorPlace Analyst Joanna Makris, can be accessed on InvestorPlace and the Investor Relations section of MicroVision's website. MicroVision specializes in MEMS-based solid-state automotive lidar and micro-display technologies, integrating various advanced technologies to serve emerging markets.

MicroVision, a leader in automotive lidar and micro-display technology, reported a revenue of $0.7 million for Q2 2021, compared to $0.6 million in Q2 2020. The net loss widened to $15.0 million or $0.09 per share, influenced by a $7.9 million non-cash compensation expense, versus a loss of $2.3 million in the prior year. Operational cash usage increased to $6.7 million from $2.9 million. The company ended Q2 2021 with $135.3 million in cash, a significant rise from $16.9 million at the end of Q4 2020. MicroVision anticipates limited sales of its LRL product family beginning in Q4 2021.

MicroVision, Inc. (NASDAQ: MVIS) announced it will report its second quarter 2021 results on August 4, 2021, after market close. Following the release, a webcast will start at 2:00 p.m. PT, accessible via the Investor Relations section of its website. Investors can submit questions for management prior to or during the live session. MicroVision specializes in MEMS-based solid-state automotive lidar and micro-display technology aimed at augmented reality. For further details, visit www.microvision.com.