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Dec 31, 2024
MicroVision Q4 2024 Earnings Report
MicroVision reported a decline in Q4 2024 revenue and widened net losses due to lower sales and convertible note-related expenses.
Key Takeaways
In Q4 2024, MicroVision generated $1.7 million in revenue, down from the previous year primarily due to the absence of one-time Microsoft revenue. The company recorded a net loss of $31.2 million, impacted by a $13.2 million convertible note expense. Despite challenges, demand from industrial customers remained a positive sign.
Q4 revenue was $1.7 million, down from $5.1 million in Q4 2023.
Net loss widened to $31.2 million from $19.7 million in Q4 2023.
Adjusted EBITDA loss improved slightly to $13.2 million.
Cash and cash equivalents stood at $74.7 million at quarter end.
MicroVision
MicroVision
MicroVision Revenue by Segment
Forward Guidance
MicroVision expects future revenue growth across industrial, automotive, and defense sectors supported by strong customer engagements and production commitments.
Positive Outlook
- Positioned to secure revenue from AMR/AGV verticals.
- Seven active high-volume RFQs with automotive OEMs.
- Strong balance sheet with $75M cash and $161M capital access.
- ZF production commitment could drive $30–$50M in demand.
- Streamlined cost structure improved cash burn rate.
Challenges Ahead
- Q4 revenue fell short due to delayed customer deployment.
- Significant net loss of $31.2M for the quarter.
- Convertible note-related expenses impacted bottom line.
- Revenue heavily reliant on future customer commitments.
- Ongoing need for external capital to support scaling.