MicroVision Increases Production Capacity to Meet Anticipated Demand [Yahoo! Finance]
MicroVision, Inc. (MVIS)
Last microvision, inc. earnings: 3/11 04:05 pm
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Source: Yahoo! Finance
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 capacity is critical to support high-volume orders from industrial customers, so we feel good closing out the year with this commitment in hand," said Sumit Sharma, Chief Executive Officer. "We are pleased with this scaling, particularly from a cost perspective, and our Tier 1 automotive supplier, ZF, is a strong partner to help us deliver high-quality sensors into the industrial market." About Mi
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News
- MicroVision, Inc. (NASDAQ: MVIS) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- MicroVision Increases Production Capacity to Meet Anticipated DemandAccesswire
- MicroVision, Inc. (NASDAQ: MVIS) is now covered by analysts at Westpark Capital. They set a "buy" rating and a $1.30 price target on the stock.MarketBeat
- Microvision Inc (MVIS) Q3 2024 Earnings Call Highlights: Navigating Challenges and Seizing ... [Yahoo! Finance]Yahoo! Finance
- MicroVision, Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
MVIS
Sec Filings
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- MVIS's page on the SEC website