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Dec 31, 2023

MicroVision Q4 2023 Earnings Report

Announced fourth quarter and full year 2023 results.

Key Takeaways

MicroVision announced its Q4 and full year 2023 results, highlighting engagement in nine automotive RFQs and a focus on passenger vehicles with their MAVIN and MOVIA products. The company is also pursuing revenue streams from non-automotive applications to scale the business and improve gross margins.

Actively engaged in nine automotive RFQs, including some of the largest global OEMs.

Key focus on passenger vehicles with MAVIN and MOVIA products.

Diversified hardware and software portfolio makes MicroVision one of the only lidar companies to have multiple technology nodes.

Near-term strategic focus includes securing revenue streams from non-automotive applications.

Total Revenue
$5.1M
Previous year: $350K
+1357.4%
EPS
-$0.1
Previous year: -$0.08
+25.0%
Gross Profit
$2.62M
Previous year: -$33K
-8048.5%
Cash and Equivalents
$77M
Previous year: $20.5M
+275.2%
Free Cash Flow
-$15.9M
Previous year: -$10.7M
+47.6%
Total Assets
$130M
Previous year: $115M
+12.7%

MicroVision

MicroVision

MicroVision Revenue by Segment