MicroVision Q4 2022 Earnings Report
Key Takeaways
MicroVision announced its fourth quarter and full year 2022 results, with a focus on its expanded product portfolio and strategic capital deployment. The company's revenue for the quarter was $0, and the net loss was $13.5 million. They ended the quarter with $82.7 million in cash and cash equivalents.
Revenue for the fourth quarter of 2022 was $0, compared to $0.6 million for the fourth quarter of 2021.
Net loss for the fourth quarter of 2022 was $13.5 million, or $0.08 per share.
Adjusted EBITDA for the fourth quarter of 2022 was a $9.7 million loss.
The Company ended the fourth quarter of 2022 with $82.7 million in cash and cash equivalents.
MicroVision
MicroVision
Forward Guidance
MicroVision expects to accelerate its 2023 revenue in the range of $10-15 million from its expanded product suite.