MicroVision, Inc. develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems. In addition, it provides PicoP, a scanning technology that creates full color, high-contrast, and uniform image over the entire field-of-view from a small and thin module. The company sells its products primarily to original equipment manufacturers and original design manufacturers. MicroVision, Inc. was incorporated in 1993 and is headquartered in Redmond, Washington.
IPO Year: 1996
Exchange: NASDAQ
Website: microvision.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/10/2025 | $3.00 | Buy | D. Boral Capital |
| 3/7/2022 | $5.00 | Neutral | Cantor Fitzgerald |
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NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that it has bolstered its financial position by entering into an agreement to raise up to $17 million in new capital and reducing future cash obligations stemming from its $75 million senior secured convertible note facility with High Trail Capital. "Strengthening our financial position through this infusion of new capital and reduction of debt buoys our efforts to advance and secure revenue opportunities with several industrial customers in the heavy equipment segment. As announced last month, we have increased production cap
REDMOND, WA / ACCESSWIRE / December 19, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that it has increased production capacity for its MOVIA L sensor to meet anticipated demand from the industrial sector.Building on the relationship with its existing automotive Tier 1 manufacturing partner, MicroVision expects output of MOVIA L sensors for 2025 to significantly increase compared to 2024. The continued acceleration of production capacity throughout 2025 will result in a reduced average cost per sensor, while maintaining a high-quality product suitable for industrial applications."Securing this production capaci
REDMOND, WA / ACCESSWIRE / November 7, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its third quarter 2024 results.Key Business Highlights for Q3 2024Actively engaged with top-tier global automotive OEMs, with seven high-volume RFQs for passenger vehicles and custom development opportunities.Actively engaged with multiple leading industrial companies for the opportunity to provide an integrated lidar hardware and software solution in the heavy equipment vertical.Sequential improvement in cash burn in the third quarter of 2024 positioned the Company well to leverage near-term hardware and software sales to indu
REDMOND, WA / ACCESSWIRE / October 31, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announces that it will report its third quarter 2024 results on Thursday, November 7, 2024 after the market close.The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Thursday, November 7, 2024 to discuss the financial results and provide a business update. Analysts and investors may pose questions for management during the live webcast on November 7, 2024, and may submit questions HERE
REDMOND, WA / ACCESSWIRE / October 16, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, will host MicroVision Shareholder Update Conference Call and Webcast on October 18, 2024 at 10:00 AM ET.MicroVision invites shareholders and interested investors to participate in this conference call and webcast which will consist of prepared remarks by management, and a question-and-answer session. Investors may pose questions to management during the live conference call and webcast on October 18, 2024 at 10:00 AM ET, and may submit questions HERE in advance of the conference call.Shareholders and interested persons may access th
REDMOND, WA / ACCESSWIRE / October 15, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its preliminary unaudited third quarter 2024 results.Key Business Highlights for the Third Quarter of 2024Actively engaged with top-tier global automotive OEMs, with seven high-volume RFQs for passenger vehicles and custom development opportunities.Actively engaged with multiple potential leading industrial customers for the opportunity to provide an integrated lidar hardware and software solution in the heavy equipment vertical.Sequential improvement in cash burn and productivity in the third quarter of 2024 positioned the Com
REDMOND, WA / ACCESSWIRE / October 15, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that it has strengthened its financial position by closing on a two-year $75 million senior secured convertible note facility with High Trail Capital."We are excited to announce this financing, which comes at an ideal time for MicroVision as we work toward securing additional revenue opportunities for 2025 and beyond with our integrated lidar hardware and software solution by advancing potential partnerships with multiple leading industrial customers in the heavy equipment segment," said Sumit Sharma, Chief Executive Officer. "
REDMOND, WA / ACCESSWIRE / September 27, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced the retirement of Brian Turner from its Board of Directors."Brian joined the MicroVision Board in 2006 and served as Board Chair from 2012 to 2023," said Robert Carlile, Chairman of the Board. "Brian has been steadfast in his commitment to the Company, leadership on the Board, and guidance to management. On behalf of the entire Board, I would like to express our sincere gratitude for his many years of service and wish him all the best in his future endeavors.""MicroVision has benefited greatly from Brian's strategic insights
REDMOND, WA / ACCESSWIRE / August 7, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its second quarter 2024 results.Key Business Highlights for Q2 2024Building momentum toward full year guidance with Q2 revenue from industrial customers.Actively engaging with top-tier global automotive OEMs, with seven high-volume RFQs for passenger vehicles and custom development opportunities.Pursuing multiple near-term revenue opportunities with industrial customers in heavy equipment vertical.Extending financial runway and operational efficiencies, streamlining cash burn and leveraging near-term hardware and software sales t
REDMOND, WA / ACCESSWIRE / July 31, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announces that it will report its second quarter 2024 results on Wednesday, August 7, 2024 after the market close.The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Wednesday, August 7, 2024 to discuss the financial results and provide a business update. Analysts and investors may pose questions for management during the live webcast on August 7, 2024, and may submit questions HERE in ad
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D. Boral Capital initiated coverage of MicroVision with a rating of Buy and set a new price target of $3.00
Cantor Fitzgerald initiated coverage of MicroVision with a rating of Neutral and set a new price target of $5.00
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REDMOND, WA / ACCESSWIRE / April 4, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that Jeffrey Herbst has been appointed to the company's Board of Directors."We are delighted to add Jeff to the MicroVision Board," said Brian Turner, Chair of the Board. "Jeff brings over thirty years of operational, business development, venture capital and M&A experience to MicroVision. His innovative work supporting the automotive industry, through strategic partnerships and investments, while at NVIDIA will be highly relevant and valuable as we optimize MicroVision's position in the ADAS market and continue to execute our str
REDMOND, Wash., June 17, 2021 (GLOBE NEWSWIRE) -- MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS based solid state automotive lidar and micro-display technology for augmented reality, today announced the appointment of Drew Markham as General Counsel, reporting to Chief Executive Officer Sumit Sharma. "I am pleased to welcome Drew to MicroVision," said Sumit Sharma, Chief Executive Officer at MicroVision. "Drew's breadth of legal experience, in particular her transactional and governance work, will be an asset to the company as we focus on engaging with potential customers and partners, demonstrating key features of our long-range lidar sensor, as well as with parties interested in str
REDMOND, Wash., March 24, 2021 (GLOBE NEWSWIRE) -- MicroVision, Inc. (NASDAQ: MVIS), a leader in MEMS based solid state automotive lidar and micro-display technology for augmented reality, today announced that Yalon Farhi will not stand for re-election to the board of directors and will step down when his current term expires at the Company’s 2021 annual meeting of shareholders. Yalon Farhi joined the Board in September 2016 and is stepping down to pursue personal business interests. Farhi, a Colonel in the Israeli Defense Forces (reserves), has served as a motivational lecturer and educator at Bnei-David Institutions, a pre-army and post-army educational program in Israel and has served
REDMOND, Wash., March 11, 2021 (GLOBE NEWSWIRE) -- MicroVision, Inc. (NASDAQ: MVIS), a leader in MEMS based solid state automotive lidar and micro-display technology for augmented reality, today announced that David Westgor is stepping down from his role as General Counsel. “I am proud to have been able to work with an exceptional management team, board and legal group to help lead the evolution of the Company for over 15 years including the last 8 years as General Counsel,” said Westgor. “I believe that this is an exciting time for MicroVision. However, at 67, I believe the time is right for me to move forward with my retirement plans and enjoy the road ahead with my wife and family. I w
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REDMOND, WA / ACCESSWIRE / November 7, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its third quarter 2024 results.Key Business Highlights for Q3 2024Actively engaged with top-tier global automotive OEMs, with seven high-volume RFQs for passenger vehicles and custom development opportunities.Actively engaged with multiple leading industrial companies for the opportunity to provide an integrated lidar hardware and software solution in the heavy equipment vertical.Sequential improvement in cash burn in the third quarter of 2024 positioned the Company well to leverage near-term hardware and software sales to indu
REDMOND, WA / ACCESSWIRE / October 31, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announces that it will report its third quarter 2024 results on Thursday, November 7, 2024 after the market close.The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Thursday, November 7, 2024 to discuss the financial results and provide a business update. Analysts and investors may pose questions for management during the live webcast on November 7, 2024, and may submit questions HERE
REDMOND, WA / ACCESSWIRE / October 16, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, will host MicroVision Shareholder Update Conference Call and Webcast on October 18, 2024 at 10:00 AM ET.MicroVision invites shareholders and interested investors to participate in this conference call and webcast which will consist of prepared remarks by management, and a question-and-answer session. Investors may pose questions to management during the live conference call and webcast on October 18, 2024 at 10:00 AM ET, and may submit questions HERE in advance of the conference call.Shareholders and interested persons may access th
REDMOND, WA / ACCESSWIRE / October 15, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its preliminary unaudited third quarter 2024 results.Key Business Highlights for the Third Quarter of 2024Actively engaged with top-tier global automotive OEMs, with seven high-volume RFQs for passenger vehicles and custom development opportunities.Actively engaged with multiple potential leading industrial customers for the opportunity to provide an integrated lidar hardware and software solution in the heavy equipment vertical.Sequential improvement in cash burn and productivity in the third quarter of 2024 positioned the Com
REDMOND, WA / ACCESSWIRE / August 7, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its second quarter 2024 results.Key Business Highlights for Q2 2024Building momentum toward full year guidance with Q2 revenue from industrial customers.Actively engaging with top-tier global automotive OEMs, with seven high-volume RFQs for passenger vehicles and custom development opportunities.Pursuing multiple near-term revenue opportunities with industrial customers in heavy equipment vertical.Extending financial runway and operational efficiencies, streamlining cash burn and leveraging near-term hardware and software sales t
REDMOND, WA / ACCESSWIRE / July 31, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announces that it will report its second quarter 2024 results on Wednesday, August 7, 2024 after the market close.The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Wednesday, August 7, 2024 to discuss the financial results and provide a business update. Analysts and investors may pose questions for management during the live webcast on August 7, 2024, and may submit questions HERE in ad
REDMOND, WA / ACCESSWIRE / May 9, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its first quarter 2024 results.Key Business Highlights for Q1 2024Actively engaged in high-volume, top-tier global OEM RFQs for passenger vehicles.Expanding near-term revenue opportunities through direct sales in industrial markets.Working to accumulate non-dilutive cash by leveraging partnerships and licensing opportunities.Increasing cash runway through proactive, disciplined fiscal management."Energized by global OEM feedback that MicroVision offers the best technical and commercial solutions, we remain confident in our engagemen
REDMOND, WA / ACCESSWIRE / May 2, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announces that it will report its first quarter 2024 results on Thursday, May 9, 2024 after the market close.The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Thursday, May 9, 2024 to discuss the financial results and provide a business update. Analysts and investors may pose questions for management during the live webcast on May 9, 2024, and may submit questions HERE in advance of the c
REDMOND, WA / ACCESSWIRE / February 28, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its fourth quarter and full year 2023 results."We are very pleased with what our global team accomplished in 2023. We are now actively engaged in nine automotive RFQs, including some of the largest global OEMs, with a key focus on passenger vehicles with our MAVIN and MOVIA products," said Sumit Sharma, MicroVision's Chief Executive Officer. "The maturity of our products and our several decades of operating history continue to be a clear differentiator for MicroVision and position us well in the marketplace to win.""Our divers
REDMOND, WA / ACCESSWIRE / February 21, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announced that it will report its fourth quarter and full year 2023 results on Wednesday, February 28, 2024 after the market close.The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Wednesday, February 28, 2024 to discuss the financial results and provide a business update. Analysts and investors may pose questions for management during the live webcast on February 28, 2024, and may