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.
Company Overview
MicroVision Inc. (MVIS) is a pioneering firm in the realm of advanced sensing and display technology. Leveraging state-of-the-art laser scanning technology and MEMS innovation, the company develops ultra-miniature projection and sensing solutions that are highly adaptable to various applications. Its expertise spans across automotive safety systems, advanced driver-assistance systems (ADAS), augmented reality platforms, interactive displays, and consumer electronics, positioning it as a versatile technology developer in a rapidly evolving market.
Technology & Innovation
At the heart of MicroVision’s operations is its proprietary laser beam scanning methodology, which integrates micro-electrical mechanical systems (MEMS), precise laser diodes, advanced opto-mechanics, and intelligent software algorithms. This unique technology, often recognized as picop® scanning technology, enables the creation of highly compact, efficient, and scalable sensors and display systems. The company’s ability to adapt its platform to multiple form factors has enabled it to address both established and emerging markets with innovative display and sensing solutions.
Applications & Market Focus
MicroVision’s technology is utilized in a diverse array of applications. In the automotive sector, the company focuses on automotive lidar sensors designed for safety and autonomous driving applications. Its solutions support advanced driver-assistance systems (ADAS) by providing precise sensing and perception data. Beyond automotive uses, the company’s innovations find applications in industrial sensing, smart infrastructure, robotics, and interactive, augmented reality-enabled displays, thus underlining its adaptability and market reach.
Intellectual Property & Competitive Position
MicroVision has cultivated a robust intellectual property portfolio that underscores its technological expertise and serves as a cornerstone for its competitive advantage. The company’s extensive research has resulted in a widely recognized body of proprietary technology that underpins its MEMS-based laser scanning solutions. This strong IP foundation not only validates the innovation behind its products but also secures its position against competitive pressures within the high-tech industry.
Business Model & Strategic Operations
The company employs a diversified business model that includes hardware development, technology licensing, and strategic partnerships across multiple sectors. Its innovative platform facilitates the integration of advanced scanning technologies into systems used by automotive OEMs and industrial customers alike. This integrated approach ensures that MicroVision remains adaptable and responsive to varied market demands, establishing a stable operational structure rooted in continuous technological advancement.
Industry Expertise & Operational Excellence
Demonstrating deep industry expertise, MicroVision combines state-of-the-art hardware with cutting-edge software solutions to deliver products that meet stringent performance and quality standards. The company’s ongoing commitment to research and development and its ability to scale innovative technology across diverse applications exemplify its nuanced understanding of market dynamics. This operational excellence, paired with strategic collaboration with industry partners, enables MicroVision to maintain an influential role in advanced sensing and display technology markets.
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.
MicroVision (NASDAQ:MVIS) has appointed Dr. Thomas Luce as Vice President of Business Development, focusing on the European and Middle Eastern markets. The company is also set to open a new office in Germany to strengthen ties with automotive OEMs and Tier 1 suppliers. Dr. Luce brings over 25 years of experience in the automotive lighting and optics sectors. CEO Sumit Sharma expressed optimism about enhancing local engagement and meeting customer expectations. Initial feedback from potential partners has been positive, with expectations for the lidar technology to support autonomous driving initiatives.
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