secwatch.observer — SEC 8-K summary
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Issuer:     MICROVISION, INC. (MVIS)
CIK:        0000065770
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001493152-24-008181
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65770/000149315224008181/0001493152-24-008181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65770/000149315224008181/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008181

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