MicroVision Q4 revenue $5.1M from Microsoft contract; net loss widens to $19.7M

MICROVISION, INC.

2023-FY EPS reported -$0.45 revenue$7,259,000

Q4 2023 revenue $5.1M (vs. $0 in Q4 2022), recognized against prior Microsoft cash; no new cash received.
Net loss $19.7M ($0.10/sh) vs. $13.5M ($0.08/sh) YoY; includes $4.6M non-cash stock compensation.
Adjusted EBITDA loss $13.6M in Q4 vs. $9.7M loss a year ago; cash used in ops $16.6M.
Cash & securities $73.8M at Dec 31, 2023, down from $82.7M at Dec 31, 2022.
Actively engaged in nine automotive RFQs with global OEMs; pursuing non-automotive revenue streams.

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 the fourth quarter of 2023 results: revenue $5.1 million, net income $19.7 million, EPS $0.10 per share.

Period: the fourth quarter of 2023
Revenue: $5.1 million
Net income: $19.7 million
EPS: $0.10 per share
Result: reported results

Exact text from the filing

Revenue for the fourth quarter of 2023 was $5.1 million, compared to zero for the fourth quarter of 2022 primarily driven by revenue related to our contract with Microsoft.

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Source: SEC EDGAR

accession 0001493152-24-008181

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