MicroVision Q2 revenue $1.9M, net loss $23.9M; cash burn continues

MICROVISION, INC.

2024-Q2 EPS reported -$0.25 revenue$2,856,000

Revenue of $1.9M up from $0.3M YoY driven by hardware sales to agricultural customer.
Net loss of $23.9M ($0.11 per share) vs $20.6M loss ($0.12) in Q2 2023; includes $3.0M asset impairment.
Adjusted EBITDA loss of $12.6M improved from $15.3M loss in prior year quarter.
Cash and equivalents fell to $56.7M from $73.8M at Dec 31, 2023; operating cash use $18.6M.
Engaging with top-tier OEMs on seven high-volume RFQs for passenger vehicles and industrial opportunities.

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