MicroVision Q1 2023 Earnings Report
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.
MicroVision
MicroVision
Forward Guidance
MicroVision maintains its 2023 revenue guidance of $10-15 million from its expanded product suite.