MicroVision Q3 revenue $1.0M, net loss $23.5M; cuts FY2023 revenue guidance to $6.5-8.0M

MICROVISION, INC.

2023-Q3 EPS reported -$0.35 revenue$2,158,000

Q3 2023 revenue of $1.0M (vs $0 in Q3 2022); net loss of $23.5M ($0.12/shr) includes $4.7M stock-based comp.
Adjusted EBITDA loss $16.9M vs $8.5M loss a year ago; cash used in operations $20.4M.
FY 2023 revenue guidance lowered to $6.5-8.0M from prior range due to customer pushouts.
Ended Q3 with $78.0M cash & investments vs $82.7M at Dec 31, 2022.
CEO reports progress on automotive design wins and advanced negotiations on RFIs/RFQs for NA and EU markets.

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 third quarter 2023 results: revenue $1.0 million, net income $23.5 million, or $0.12 per share, EPS $0.12 per share. Guidance lowered.

Period: third quarter 2023
Revenue: $1.0 million
Net income: $23.5 million, or $0.12 per share
EPS: $0.12 per share
Guidance: lowered
Result: reported results

Exact text from the filing

securing customer wins in the near term and we remain enthusiastic about MicroVision’s future.” Key Financial Highlights for Q3 2023 ● Revenue for the third quarter of 2023 was $1.0 million, compared to no revenue in the third quarter of 2022. The revenue in the 2023 third quarter was predominantly comprised of software sales but also includes the sale of lidar

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MICROVISION, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-039910

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