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Dec 31, 2020
MicroVision Q4 2020 Earnings Report
Announced fourth quarter and full year 2020 results.
Key Takeaways
MicroVision made progress in advancing automotive LiDAR development, bolstering the balance sheet, building the strength of the team, and adding expertise to the Board of Directors while exploring strategic alternatives.
Advanced automotive LiDAR development.
Bolstered balance sheet.
Built strength of the team.
Added expertise to the Board of Directors.
MicroVision
MicroVision
Forward Guidance
A-Sample hardware and benchmarked data, for demonstration to interested parties, will be available in the April 2021 timeframe.
Positive Outlook
- A-Sample hardware and benchmarked data will be available in April 2021.
- 1st generation Long Range Lidar sensor could be available for sale in small quantities in Q3 or Q4 2021.
- Advancing our automotive LiDAR development
- Bolstering our balance sheet
- Building the strength of our team
Challenges Ahead
- Risk of not succeeding in finding licensing or other strategic solutions.
- Ability to operate with limited cash or to raise additional capital when needed.
- Market acceptance of its technologies and products or for products incorporating its technologies.
- Failure of commercial partners to perform as expected under its agreements, including from the impact of COVID-19 (coronavirus).
- Failure to perform under open purchase orders