secwatch.observer — SEC 8-K summary
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Issuer:     MICROVISION, INC. (MVIS)
CIK:        0000065770
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001493152-23-039910
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65770/000149315223039910/0001493152-23-039910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65770/000149315223039910/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039910

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