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Mar 31, 2023
MicroVision Q1 2023 Earnings Report
MicroVision's Q1 2023 results were announced, demonstrating revenue ahead of expectations and significant achievements driven by expanded product offerings and efficient team integration.
Key Takeaways
MicroVision reported Q1 2023 revenue of $0.8 million, exceeding expectations due to the Ibeo acquisition. The net loss was $19.0 million, or $0.11 per share. The company maintains its 2023 revenue guidance of $10-15 million.
Revenue for Q1 2023 was $0.8 million, compared to $0.4 million for Q1 2022, primarily due to the Ibeo acquisition.
Net loss for Q1 2023 was $19.0 million, or $0.11 per share, compared to a net loss of $13.2 million, or $0.08 per share, for Q1 2022.
Adjusted Gross Profit for Q1 2023 was $0.5 million, compared to $0.3 million for Q1 2022.
The company ended Q1 2023 with $67.7 million in cash and cash equivalents, compared to $82.7 million at the end of 2022.
Forward Guidance
MicroVision maintains its 2023 revenue guidance of $10-15 million from its expanded product suite.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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