MicroVision, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:16 pm EST
Share
MicroVision, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1.05 million. Net loss was USD 23.47 million compared to USD 12.85 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.08 a year ago.
For the nine months, sales was USD 2.16 million compared to USD 0.664 million a year ago. Net loss was USD 63.11 million compared to USD 39.62 million a year ago. Basic loss per share from continuing operations was USD 0.35 compared to USD 0.24 a year ago.
MicroVision, Inc. is a developer and supplier of lidar hardware and software solutions focused on the automotive lidar and advanced driver-assistance systems (ADAS) markets. It is engaged in micro-electromechanical systems (MEMS)-based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its technology to address existing and emerging markets. Its patented laser beam scanning technology combines a MEMS scanning mirror, laser diode light sources, electronics, and optics that are controlled using its system control algorithms, along with edge computing and machine learning in some systems. It has developed micro-display concepts and designs for use in head-mounted augmented reality (AR) headsets and developed a 1440i MEMS module supporting AR headsets. It also developed an interactive display solution targeted at the smart speakerâs market and a small consumer lidar sensor for use indoors with smart home systems.
MICROVISION, INC. 
