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Jun 30, 2021
MicroVision Q2 2021 Earnings Report
Second quarter 2021 results announced with increased revenue and a net loss.
Key Takeaways
MicroVision reported a revenue of $0.7 million for Q2 2021, a slight increase compared to $0.6 million in Q2 2020. The company's net loss was $15.0 million, or $0.09 per share, which included $7.9 million of non-cash compensation expense. The company ended the quarter with $135.3 million in cash and cash equivalents.
Revenue for the second quarter of 2021 was $0.7 million, compared to $0.6 million for the second quarter of 2020.
Net loss for the second quarter of 2021 was $15.0 million, or $0.09 per share, including $7.9 million of non-cash compensation expense.
Cash used in operations in the second quarter of 2021 was $6.7 million.
The Company ended the second quarter of 2021 with $135.3 million in cash and cash equivalents.
MicroVision
MicroVision
Forward Guidance
The Company expects its LRL product family will be available for sale, in small quantities, beginning in the fourth quarter of 2021.