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Mar 31, 2022
MicroVision Q1 2022 Earnings Report
MicroVision's Q1 2022 results were announced, with progress in lidar sensor testing and ongoing interest from automotive OEMs.
Key Takeaways
MicroVision reported Q1 2022 revenue of $0.4 million, a net loss of $13.2 million, and ended the quarter with $103.3 million in cash and cash equivalents.
Revenue for Q1 2022 was $0.4 million, compared to $0.5 million in Q1 2021.
Net loss for Q1 2022 was $13.2 million, or $0.08 per share, compared to a net loss of $6.2 million, or $0.04 per share in Q1 2021.
Adjusted EBITDA for Q1 2022 was negative $9.0 million, compared to negative $4.3 million in Q1 2021.
Cash used in operations for Q1 2022 was $10.9 million, compared to $4.5 million in Q1 2021.