MicroVision Q2 2023 net loss widens to $20.6M; revenue flat at $0.3M

MICROVISION, INC.

2023-Q2 EPS reported -$0.23 revenue$1,111,000

Net loss of $20.6M ($0.12 per share) vs $13.6M loss ($0.08) in Q2 2022.
Revenue flat at $0.3M; adjusted EBITDA loss widened to $15.2M from $9.2M.
Cash used in operations $16.6M, up from $9.7M; cash balance $93.9M at quarter-end, up from $82.7M at Dec 31, 2022.
CEO notes deepening engagement with automotive OEMs and progress on sensor fusion at 130 km/h.
Acquisition of Ibeo integrated; company remains on track for 2023 development milestones.

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 0.95

MICROVISION, INC. reported second quarter 2023 results: revenue $0.3 million, net income $(0.12) per share, EPS $0.12 per share.

Period: second quarter 2023
Revenue: $0.3 million
Net income: $(0.12) per share
EPS: $0.12 per share
Result: reported results

Exact text from the filing

from Ibeo Automotive earlier this year and we remain enthusiastic about MicroVision’s future.” Key Financial Highlights for Q2 2023 • Revenue for the second quarter of 2023 was $0.3 million, flat as compared to the second quarter of 2022. The revenue in the second quarter was primarily connected to the Ibeo acquisition and includes the sale of lidar hardware and

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Source: SEC EDGAR

accession 0001193125-23-206209

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