MicroVision Q3 2022: revenue $0, net loss $12.9M, cash $83.3M; starts sample sales

MICROVISION, INC.

2022-Q3 EPS reported -$0.24 revenue$664,000

Revenue $0 vs $0.7M prior year; net loss $12.9M ($0.08/sh) including $4.1M stock-based comp.
Adjusted EBITDA negative $8.5M vs negative $6.2M in Q3 2021.
Cash used in operations $9.0M; cash & securities $83.3M, down from $115.4M at Dec 2021.
ATM facility allows up to $70M in equity sales; company expects sample sales to increase in 2023.
MAVIN lidar supported on NVIDIA drive platform; sample sales to OEMs/Tier1s began in Q4 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MICROVISION, INC. reported third quarter 2022 results: revenue $0, net income $12.9 million, or $0.08 per share, EPS $0.08 per share.

Period: third quarter 2022
Revenue: $0
Net income: $12.9 million, or $0.08 per share
EPS: $0.08 per share
Result: reported results

Exact text from the filing

highway pilot ADAS software, and other important achievements in 2023,” continued Sharma. Key Financial Highlights for Q3 2022 • Revenue for the third quarter of 2022 was $0 compared to $0.7 million for the third quarter of 2021. As stated in prior quarters, the Company did not receive any cash for this revenue. • Net loss for the third quarter of

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Source: SEC EDGAR

accession 0001193125-22-270967

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