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.
Overview of MicroVision Inc.
MicroVision Inc. (NASDAQ: MVIS) is a pioneering technology company specializing in MEMS-based laser beam scanning (LBS) technology. Headquartered in Redmond, Washington, the company integrates micro-electrical mechanical systems (MEMS), laser diodes, optics, electronics, and advanced algorithms into its proprietary platform. This unique approach enables the development of ultra-miniature laser projection and sensing solutions tailored for a wide range of applications, including automotive lidar, advanced driver-assistance systems (ADAS), industrial sensing, augmented reality, and interactive displays.
Core Technologies and Intellectual Property
At the heart of MicroVision’s innovation is its LBS technology, which leverages its extensive intellectual property (IP) portfolio. The company’s IP has been recognized as one of the top 50 global industrial IP portfolios by the Patent Board and is included in the Ocean Tomo 300 Patent Index, underscoring its leadership in technological innovation. This robust IP framework enables MicroVision to develop adaptable, high-performance solutions for rapidly evolving markets.
Automotive Lidar and ADAS Solutions
MicroVision is a key player in the automotive sector, offering solid-state lidar sensors designed to enhance safety and enable autonomous driving capabilities. Its lidar solutions, such as MAVIN and MOVIA, integrate hardware and perception software to deliver high-resolution, real-time 3D mapping and object detection. These capabilities are critical for ADAS and autonomous vehicle systems, making MicroVision a sought-after partner for global automotive OEMs and Tier 1 suppliers. The company’s lidar technology is engineered for scalability, cost-efficiency, and compliance with automotive-grade standards, positioning it as a competitive choice in the lidar ecosystem.
Expansion into Industrial and Consumer Applications
Beyond automotive, MicroVision’s technology is increasingly applied in industrial markets, including heavy equipment, robotics, and smart infrastructure. The company’s MOVIA L sensor, for example, is tailored for high-volume industrial applications, offering robust performance and cost advantages. Additionally, MicroVision has leveraged its expertise in LBS technology to develop augmented reality micro-display engines and interactive display modules, further diversifying its market reach.
Business Model and Revenue Streams
MicroVision operates a diversified business model that includes revenue from hardware sales, licensing of its IP, and software solutions. Its vertically integrated approach allows the company to offer end-to-end solutions, combining lidar hardware with perception software for seamless integration into customer systems. This model not only enhances the value proposition for OEMs but also strengthens MicroVision’s competitive positioning in the lidar and sensing markets.
Competitive Landscape and Market Position
In the highly competitive lidar market, MicroVision differentiates itself through its integrated technology platform, robust IP portfolio, and focus on cost-effective scalability. While it faces competition from established lidar providers and emerging startups, its ability to deliver high-performance solutions tailored to both automotive and industrial needs sets it apart. The company’s strategic partnerships with Tier 1 suppliers and active engagement in RFQs with global OEMs further reinforce its market relevance.
Significance in the Lidar Ecosystem
MicroVision plays a critical role in the lidar ecosystem by addressing the increasing demand for advanced sensing technologies in automotive and industrial applications. Its innovative approach to integrating hardware and software positions it as a versatile and reliable partner for customers seeking cutting-edge solutions. By leveraging its technological expertise and IP, MicroVision continues to contribute to the advancement of lidar and sensing technologies, shaping the future of autonomous systems and smart infrastructure.
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.
MicroVision, a leader in MEMS-based automotive lidar and micro-display technology, has announced a combined Investment Community and Press Webcast on January 5, 2022, at 2:00 PM PT. This webcast replaces separate announcements and will feature insights from CEO Sumit Sharma and CFO Anubhav Verma, highlighting the company's automotive sensor technology. Following a previous demonstration at the IAA Mobility Show, the company aims to engage potential customers and investors. The event will be accessible via their Investors webpage and will be archived for future viewing.
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.
FAQ
What is the current stock price of Microvision (MVIS)?
What is the market cap of Microvision (MVIS)?
What is MicroVision's core technology?
What markets does MicroVision serve?
How does MicroVision generate revenue?
What makes MicroVision competitive in the lidar market?
What is the significance of MicroVision's IP portfolio?
What role does MicroVision play in automotive lidar?
What are MicroVision's industrial applications?
How does MicroVision ensure scalability of its products?
What is MicroVision’s approach to integrating hardware and software?
How does MicroVision position itself in the lidar ecosystem?
