secwatch.observer — SEC 8-K summary
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Issuer:     MICROVISION, INC. (MVIS)
CIK:        0000065770
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-139499
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MicroVision Q1 revenue $0.8M beats expectations; reaffirms 2023 guidance $10-15M
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- Q1 2023 revenue $0.8M (up from $0.4M YoY), beat driven by Ibeo asset acquisition.
- Net loss $19.0M ($0.11 per share) vs $13.2M ($0.08) YoY; includes $2.9M stock compensation.
- Adjusted EBITDA loss $15.8M vs $9.0M loss YoY; cash used in ops $13.8M.
- Cash and equivalents $67.7M at quarter-end, down from $82.7M at Dec 31, 2022.
- Reaffirms full-year 2023 revenue guidance of $10-15M from expanded product suite.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65770/000119312523139499/0001193125-23-139499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65770/000119312523139499/d500868d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-139499

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer