secwatch.observer — SEC 8-K summary
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Issuer:     MICROVISION, INC. (MVIS)
CIK:        0000065770
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001493152-24-030550
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65770/000149315224030550/0001493152-24-030550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65770/000149315224030550/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-030550

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