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Stock impact report

MicroVision Announces Preliminary Third Quarter 2024 Results and Business Update [Yahoo! Finance]

MicroVision, Inc. (MVIS) 
Last microvision, inc. earnings: 3/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Key Business Highlights for the Third Quarter of 2024 Actively 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 Company well to leverage near-term hardware and software sales to industrial customers. "We are pleased with our continued engagement in RFQs with automotive OEMs and are also energized by the uptick in interest in pre-RFQ collaboration and development work. Despite near-term automotive industry headwinds, we have worked hard to position MicroVision to capitalize on its end markets in the industrial and automotive sectors," said Sumit Sharma, MicroVision's Chief Executive Officer. "With a potential ramp i Show less Read more
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