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. (MVIS) is a leader in MEMS-based laser scanning and automotive lidar systems, driving innovation in advanced driver-assistance (ADAS) and augmented reality technologies. This dedicated news hub provides investors and industry professionals with essential updates on the company’s strategic developments.
Access a comprehensive archive of official press releases, including product launches, partnership announcements, and financial disclosures. Our curated collection enables efficient tracking of MVIS’s progress in lidar commercialization, intellectual property expansion, and market-specific adaptations of its core scanning technology.
Key content categories include technology milestones, automotive sector partnerships, industrial sensing applications, and strategic business initiatives. All materials maintain factual accuracy while avoiding speculative commentary, ensuring reliable information for investment research and competitive analysis.
Bookmark this page for streamlined access to MicroVision’s evolving corporate narrative. Combine regular monitoring with SEC filings and earnings transcripts for complete market intelligence on this innovative technology developer.
MicroVision (NASDAQ: MVIS) announced it will release its Q4 and full year 2020 results on March 11, 2021, after market close. A webcast for investors will commence at 2:00 p.m. PT on the same day, accessible via the company's Investor Relations page. MicroVision specializes in MEMS-based technology for automotive lidar and augmented reality applications, integrating multiple technologies into its products. The company warns of risks related to finding strategic solutions, cash flow, and market acceptance, among others.
MicroVision, Inc. (NASDAQ: MVIS) has announced the appointment of Seval Oz to its board of directors, succeeding Bernee D. L. Strom, who has stepped down. Oz brings extensive experience in mobility and autonomous vehicle technology, having served as CEO of Aurima, CEO of Continental Intelligent Transportation Systems, and head of global partnerships at Waymo. CEO Sumit Sharma expressed enthusiasm for Oz's management expertise as the company develops its automotive lidar technology. The transition is viewed positively, aiming to enhance the company’s strategic direction.
MicroVision, Inc. (NASDAQ: MVIS) has completed a $50 million At-the-Market equity offering with Craig-Hallum Capital Group. The company issued 2.5 million shares for net proceeds of $48.7 million and has exhausted this ATM agreement. CEO Sumit Sharma emphasized that this financing will strengthen the company's balance sheet and help in pursuing strategic alternatives. MicroVision aims to advance its development of a high-performance lidar sensor, with a milestone set for April 2021.
MicroVision, Inc. (NASDAQ: MVIS) announced a $50 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group LLC. The company plans to use proceeds from this offering for general corporate purposes, including working capital and potential strategic transactions. CEO Sumit Sharma expressed confidence in the financing's role in solidifying the company's balance sheet as they pursue strategic alternatives. MicroVision remains focused on completing its Long Range Lidar module by April 2021 to enhance shareholder value.
MicroVision (NASDAQ: MVIS) announced it has received components and equipment necessary to achieve its April milestone of completing A-Samples for its Long Range Lidar Sensor. The company has begun outdoor testing of key features on its development platform. Designed for autonomous driving, the sensor will have a range of at least 250 meters and output velocity of moving objects in real time. Expected to meet OEM requirements, the sensor aims to achieve commercial success with costs below $1,000 ASP.
MicroVision, a leader in ultra-miniature projection technology, announced a $13 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group on December 29, 2020. The company plans to use the proceeds for general corporate purposes, including working capital and capital expenditures, while developing its automotive lidar module. MicroVision expects the financing to strengthen its balance sheet, providing a cash runway through 2021 and into early 2022. The agreement allows sales of common stock at prevailing market prices.
MicroVision, Inc. (Nasdaq: MVIS) has appointed Judy Curran to its board of directors, effective December 1, 2020. Curran brings over 30 years of automotive experience, notably from her time at Ford Motor Company, where she led innovation in assisted driving and other technologies. Her expertise in the automotive sector is expected to enhance MicroVision's strategic direction, especially in lidar sensor technology.
Brian Turner, the Chairman, expressed confidence that Curran will add valuable insights as the company explores strategic options with Craig-Hallum Capital Group.
MicroVision, Inc. (NASDAQ: MVIS) announced progress in developing its first-generation MEMS Dynamic Scanning Long Range Lidar sensor module. Key features include a 200-meter range, performance in sunlight, and robustness against rogue signals. The company aims to meet automotive industry standards by April 2021, promoting safety in vehicle maneuverability. CEO Sumit Sharma emphasized the module's technological advantage and early testing success, positioning MicroVision favorably for future strategic alternatives, including potential sale or merger.
MicroVision, Inc. (NASDAQ: MVIS) announced a $10 million At-the-Market equity offering agreement with Craig-Hallum Capital Group, effective November 9, 2020. This agreement allows MicroVision to sell shares at its discretion for general corporate purposes, including working capital and capital expenditures for potential strategic transactions. Sales will occur through negotiated transactions or market makers at prevailing market prices, and the offering will utilize an existing effective shelf registration statement with the SEC. Investors are encouraged to review the related prospectus for more details.
MicroVision, Inc. (NASDAQ:MVIS) reported third-quarter 2020 revenue of $0.6 million, down from $1.2 million in Q3 2019. The company's net loss narrowed to $2.8 million ($0.02 per share) compared to a loss of $6.1 million ($0.05 per share) in the same quarter last year. Cash and equivalents totaled $5.0 million, a decrease from $5.8 million at the end of Q4 2019. CEO Sumit Sharma emphasized the pursuit of a strategic transaction that accurately reflects the value of their technology and thanked shareholders for their support during the recent special meeting.
