secwatch.observer — SEC 8-K summary
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Issuer:     MICROVISION, INC. (MVIS)
CIK:        0000065770
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001193125-23-206209
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65770/000119312523206209/0001193125-23-206209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65770/000119312523206209/d483182d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-206209

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