MicroVision launches MOVIA lidar sensor, expects Q1 revenue of $400K-$500K

MICROVISION, INC.

New MOVIA solid-state flash lidar sensor targets industrial applications (agriculture, logistics, mining, nautical).
Received significant purchase commitment for legacy Gen 1 Scala sensor from a large repeat customer.
Q1 2023 revenue expected $400K-$500K, including two months of Ibeo acquisition contribution (closed Jan 31).
Integration of Ibeo assets progressing; now offers MAVIN, MOVIA, MOSAIK Suite, and Gen 1 Scala products.
Company holds 735 patents and over 50 years combined market experience, differentiating from lidar peers.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.92

MICROVISION, INC. reported the first quarter of 2023 results: revenue $400,000 to $500,000. Guidance initiated.

Period: the first quarter of 2023
Revenue: $400,000 to $500,000
Guidance: initiated
Result: guidance update

Exact text from the filing

MicroVision expects to record $400,000 to $500,000 in revenue for the first quarter of 2023, which includes only two months of contribution from the acquired business following the January 31 closing.

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Source: SEC EDGAR

accession 0001193125-23-091777

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