MicroVision reports Q4 2022 revenue $0, net loss $13.5M; guides 2023 revenue $10-15M

MICROVISION, INC.

2022-FY EPS reported -$0.32 revenue$2,300,000

Q4 2022 revenue $0 vs $0.6M in Q4 2021; net loss $13.5M ($0.08 per share) vs $12.6M.
Adjusted EBITDA loss $9.7M; cash used in operations $8.4M, flat YoY.
Cash and equivalents $82.7M at Dec 31, 2022, down from $115.4M a year earlier.
Ibeo Automotive acquisition closed Jan 2023; now offers lidar hardware and software for ADAS.
Management expects 2023 revenue in range of $10-15M from expanded product suite.

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 the fourth quarter of 2022 results: revenue $0, net income $13.5 million, EPS $0.08 per share. Guidance initiated.

Period: the fourth quarter of 2022
Revenue: $0
Net income: $13.5 million
EPS: $0.08 per share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenue for the fourth quarter of 2022 was $0, compared to $0.6 million for the fourth quarter of 2021. As stated in prior quarters, the revenue was recognized against cash that had been received in an earlier period. • Net loss for the fourth quarter of 2022 was $13.5 million, or $0.08 per share

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Source: SEC EDGAR

accession 0001193125-23-053941

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