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Sep 30, 2023
MicroVision Q3 2023 Earnings Report
MicroVision's Q3 2023 earnings reflected a period with no revenue and a net loss, as the company focused on advancing its automotive lidar technology and strategic initiatives.
Key Takeaways
MicroVision reported no revenue for Q3 2023 and a net loss of $29.5 million, or $0.17 per share. The company focused on advancing its automotive lidar technology and strategic initiatives. Operating expenses were $25.3 million, and cash usage was approximately $23 million. The company is focused on the A-sample delivery for MAVIN Auto.
No revenue was reported for Q3 2023.
Net loss was $29.5 million, or $0.17 per share.
Operating expenses totaled $25.3 million.
Cash usage was approximately $23 million.
MicroVision
MicroVision
Forward Guidance
MicroVision anticipates continued progress in its automotive lidar development and strategic initiatives. The company expects to maintain its focus on delivering A-samples for MAVIN Auto and engaging with potential customers.
Positive Outlook
- Continued progress in automotive lidar development.
- Focus on delivering A-samples for MAVIN Auto.
- Engagement with potential customers.
- Advancing strategic initiatives.
- Maintaining a strong cash position.
Challenges Ahead
- No specific revenue guidance provided.
- Continued operating expenses.
- Ongoing net losses.
- Dependence on automotive lidar market adoption.
- Potential delays in product development.