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Mar 31, 2021
MicroVision Q1 2021 Earnings Report
Announced first quarter 2021 results.
Key Takeaways
MicroVision reported revenue of $0.5 million and a net loss of $6.2 million, or $0.04 per share, for the first quarter of 2021. The company ended the quarter with $75.3 million in cash and cash equivalents.
Revenue for the first quarter of 2021 was $0.5 million, compared to $1.5 million for the first quarter of 2020.
Net loss for the first quarter of 2021 was $6.2 million, or $0.04 per share, compared to a net loss of $4.9 million, or $0.04 per share for the first quarter of 2020.
The Company ended the first quarter of 2021 with $75.3 million in cash and cash equivalents, compared to $16.9 million at the end of the fourth quarter of 2020.
Company completed its A-Sample lidar hardware and development platform on schedule.