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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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