MicroVision Q1 revenue $1.0M, net loss widens to $26.3M; cash burn increases

MICROVISION, INC.

2024-Q1 EPS reported -$0.13 revenue$956,000

Revenue $1.0M vs $0.8M YoY; net loss $26.3M ($0.13/share) vs $19.0M ($0.11) YoY.
Adjusted EBITDA loss $18.7M vs $15.7M YoY; cash used in ops $20.8M vs $13.5M.
Cash and securities $73.1M at quarter end vs $73.8M at Dec 31, 2023.
Management pursuing OEM RFQs, industrial sales, partnerships, and fiscal discipline.

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 0.95

MICROVISION, INC. reported first quarter 2024 results: revenue $1.0 million, net income $26.3 million, or $0.13 per share, EPS $0.13 per share.

Period: first quarter 2024
Revenue: $1.0 million
Net income: $26.3 million, or $0.13 per share
EPS: $0.13 per share
Result: reported results

Exact text from the filing

a leading automotive OEM supplier of lidar hardware and software solutions,” continued Sharma. Key Financial Highlights for Q1 2024 ● Revenue for the first quarter of 2024 was $1.0 million, compared to $0.8 million for the first quarter of 2023 primarily driven by sales of MOVIA sensors to a global commercial trucking OEM. ● Net loss for the first quarter of 2024

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MICROVISION, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-018449

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