MicroVision reports preliminary Q3 revenue $0.15-0.2M, down from $1M; cash used in ops $14M, improved from $20M

MICROVISION, INC.

2024-Q3 EPS reported -$0.32 revenue$3,046,000

Preliminary Q3 2024 revenue $0.15-0.2M vs $1.0M in Q3 2023; reaffirms FY 2024 revenue guidance $8-10M.
Cash and equivalents $43.0M at Sept 30, 2024, down from $73.8M at Dec 31, 2023; cash used in ops $14M vs $20M YoY.
After first $45M tranche of financing, expects $81M cash and access to $153M additional capital ($123M ATM, $30M remaining convertible note).
Actively engaged with seven automotive OEM RFQs and multiple industrial heavy equipment customers; expects revenue ramp starting 2025.
No equity sales under ATM in Q3 2024.

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