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 trailblazing company specializing in MEMS-based laser beam scanning technology. The company is best known for its PicoP® scanning technology, which offers ultra-miniature laser projection and sensing solutions for a variety of applications. MicroVision's core business includes the development of advanced lidar sensors for automotive safety and autonomous driving applications, leveraging its proprietary laser beam scanning (LBS) technology. This technology integrates multiple systems such as micro-electromechanical systems (MEMS), laser diodes, opto-mechanics, electronics, algorithms, and software.
MicroVision's intellectual property (IP) portfolio is a significant asset, having been recognized by the Patent Board as a top 50 IP portfolio among global industrial companies and included in the Ocean Tomo 300 patent index. The company has also gained recognition for its contributions to augmented reality, interactive displays, and consumer lidar modules.
With a global team of over 350 employees and offices in Redmond, Detroit, Hamburg, and Nuremberg, MicroVision continues to push the boundaries of MEMS-based laser beam scanning technology. The company's integrated approach utilizes its proprietary technology to offer automotive lidar sensors and advanced driver-assistance systems (ADAS) solutions, as well as non-automotive applications in industrial sectors, smart infrastructure, and robotics.
Recent achievements include a partnership with Luxoft to develop a new generation of testing and simulation environments for ADAS and autonomous driving, and a $100,000 private placement agreement by its executive management team and Board of Directors, reflecting confidence in the company's strategic direction. Additionally, MicroVision has entered into a $150 million at-the-market (ATM) equity offering sales agreement to support scaling production capabilities and advancing its go-to-market strategy.
For the latest updates, MicroVision regularly engages with stakeholders through conference calls and webcasts, providing business updates and financial results. The company remains focused on securing nominations for series production with automotive OEMs and exploring revenue opportunities in non-automotive markets to scale its business.
MicroVision's significant milestones and strategic partnerships underscore its commitment to innovation and long-term value creation for its stockholders.
MicroVision (NASDAQ: MVIS) will actively participate in two major investor conferences. The first is the Maxim Group's Electric Vehicle & Auto Tech Virtual Conference on March 30, 2023, where it will appear on the "Autonomous Sensors and Driving" panel from 11:30 AM to 12:30 PM ET. The event will be available live and archived on their Investor Relations website.
The second event will be the Emerging Growth Virtual Conference on April 5, 2023, scheduled from 11:25 AM to 11:55 AM ET. Analysts and investors can submit questions in advance or during the live event. For more details, visit MicroVision's website.
MicroVision, Inc. (NASDAQ:MVIS) will host its Retail Investor Day on April 14, 2023, in Redmond, WA. The event aims to discuss the company's revenue growth drivers and vision for advancing the automotive lidar and ADAS market. Attendees can expect a demo vehicle showcasing MicroVision's lidar technology, live product demonstrations, management presentations, and interactive Q&A sessions. Space is limited, and reservations can be made online. The investor day will also feature a Town Hall session focusing on publicly reported information, with video highlights available after the event.
MicroVision (NASDAQ: MVIS) has launched its MOSAIK validation suite aimed at enhancing ADAS and autonomous vehicle platforms. This suite allows automotive manufacturers, including Jaguar Land Rover (JLR), to validate their systems with advanced validation solutions. Following the acquisition of assets from Ibeo Automotive Systems, MicroVision provides a complete solution incorporating both hardware and software for ADAS and AV validation. CEO Sumit Sharma emphasized the efficiency of the suite in processing data against ground truth to enhance vehicle safety and capabilities.
MicroVision, Inc. (NASDAQ:MVIS) announced its participation in the Roth Capital 35th Annual Conference on March 13, 2023, in Dana Point, California. CEO Sumit Sharma and CFO Anubhav Verma will hold one-on-one meetings at the event. Interested attendees can schedule these meetings through Roth's platform or by contacting MicroVision's Investor Relations. Additionally, a fireside chat featuring CEO Sharma will be moderated by a Roth analyst. The event will be accessible via the Company's Investor Relations website, and the recording will be archived for future access.
MicroVision, Inc. (NASDAQ: MVIS) announced its fourth quarter and full year 2022 financial results, highlighting a transformational year with the integration of Ibeo Automotive. The company's product offerings now include advanced MEMS-based lidar for automotive and non-automotive applications. In Q4 2022, revenue was $0, down from $0.6 million in Q4 2021. The net loss for Q4 2022 was $13.5 million, reflecting a slight increase from the previous year. Cash reserves at the end of Q4 2022 were $82.7 million, down from $115.4 million in 2021. MicroVision aims to generate $10-15 million in revenue in 2023 from its expanded product suite.
MicroVision (NASDAQ:MVIS), a leader in MEMS automotive lidar and ADAS solutions, will report its Q4 and full year 2022 results on February 28, 2023, after market close. Following the results, a conference call and webcast will take place at 2:00 PM PT/5:00 PM ET to discuss financial outcomes and provide a business update. Investors can participate by posing questions during the session or submitting inquiries in advance. The live event, along with a presentation, will be accessible on the Company’s Investor Relations website and archived for future viewing.
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.
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