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Sep 30, 2022
MicroVision Q3 2022 Earnings Report
MicroVision's financial performance remained stable with revenue at $0 and a net loss of $12.9 million.
Key Takeaways
MicroVision reported a third-quarter revenue of $0 and a net loss of $12.9 million. The company has started sample sales to OEMs and Tier 1s in Q4 2022 and expects these to increase into next year.
Revenue for Q3 2022 was $0, compared to $0.7 million in Q3 2021.
Net loss for Q3 2022 was $12.9 million, or $0.08 per share.
Adjusted EBITDA for Q3 2022 was negative $8.5 million.
Cash used in operating activities for Q3 2022 was $9.0 million.