MicroVision, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:11 pm EDT
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MicroVision, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.329 million compared to USD 0.314 million a year ago. Net loss was USD 20.61 million compared to USD 13.6 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 six months, sales was USD 1.11 million compared to USD 0.664 million a year ago. Net loss was USD 39.64 million compared to USD 26.77 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.16 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. 
