secwatch.observer — SEC 8-K summary
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Issuer:     MICROVISION, INC. (MVIS)
CIK:        0000065770
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001493152-24-044022
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MicroVision Q3 2024 revenue $0.2M, net loss $15.5M; enters $75M convertible note facility
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- Revenue of $0.2M vs $1.0M YoY, driven by delayed order and prior-year software sale.
- Net loss $15.5M ($0.07/share), down from $23.5M ($0.12/share) in Q3 2023; includes $2.4M stock-based comp.
- Adjusted EBITDA loss $11.7M, improved from $16.9M loss YoY; cash used in operations $14.1M vs $20.4M.
- Cash and equivalents $43.2M at Sep 30, 2024; closed $75M senior secured convertible note in Oct, expecting ~$81M cash.
- Engaged with 7 automotive OEM RFQs and multiple industrial firms for lidar solutions; cash burn improved sequentially.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65770/000149315224044022/0001493152-24-044022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65770/000149315224044022/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-044022

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