UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ Commission file number 001-34170 MicroVision, Inc. (Exact name of registrant as specified in its charter) | --- | --- | --- | |----------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock $0.001 Par Value MVIS The Nasdaq Stock Market FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 15, 2024 MicroVision, Inc. (Exact name of registrant as specified in its charter) Delaware 001-34170 91-1600822 (State or other jurisdiction of inco ...

Key Points Industry or Company Involved - **Company**: MicroVision, Inc. (NASDAQ:MVIS) - **Industry**: LiDAR (Light Detection and Ranging) technology for automotive and industrial applications Core Points and Arguments - **Convertible Note Financing**: MicroVision secured a $75 million convertible note financing from High Trail Capital. The conversion price is fixed at $1.56, with a maximum conversion price of $1.76. This financing is non-dilutive and provides a clear path to repayment through cash generated from revenue streams. - **Industrial Focus**: MicroVision is focusing on the industrial sector for revenue growth, targeting high-volume, recurring business. The company has identified 15 top priority opportunities in the industrial space, with potential annual volumes exceeding 50,000 units. - **Automotive Opportunities**: MicroVision continues to pursue automotive opportunities, with seven active RFQs. The company's MOVIA and MAVIN LiDAR products offer competitive advantages in terms of form factor, power, and cost. - **Product Development**: MicroVision is developing ASIC versions of its LiDAR products, with the intention of starting tape-out in the next year. The company is also exploring the development of MOVIA S for slower-speed maneuvering applications. - **Strategic Partnerships**: MicroVision is actively seeking partnerships with OEMs and Tier 1 suppliers to secure revenue streams and accelerate growth. Other Important Points - **Cash Burn**: MicroVision's cash burn rate has decreased significantly, with a sequential decline in the third quarter. The company expects to maintain a burn rate of approximately $55 million to $60 million per year. - **Market Position**: MicroVision believes it is well-positioned to win in the LiDAR industry due to its technology, product offerings, and strategic partnerships. - **Investor Relations**: MicroVision plans to hold an investor day in the future to provide more information on its business and technology. References - [doc id='10'] - [doc id='22'] - [doc id='23'] - [doc id='25'] - [doc id='26'] - [doc id='27'] - [doc id='29'] - [doc id='30'] - [doc id='31'] - [doc id='32'] - [doc id='33'] - [doc id='34'] - [doc id='35'] - [doc id='36'] - [doc id='37'] - [doc id='38'] - [doc id='39'] - [doc id='40'] - [doc id='41'] - [doc id='42'] - [doc id='43'] - [doc id='44'] - [doc id='45'] - [doc id='46'] - [doc id='47'] - [doc id='48'] - [doc id='49'] - [doc id='50'] - [doc id='51'] - [doc id='52'] - [doc id='53'] - [doc id='54'] - [doc id='55'] - [doc id='56'] - [doc id='57'] - [doc id='58'] - [doc id='59'] - [doc id='60'] - [doc id='61'] - [doc id='62'] - [doc id='63'] - [doc id='64'] - [doc id='65'] - [doc id='66'] - [doc id='67'] - [doc id='68'] - [doc id='69'] - [doc id='70'] - [doc id='71'] - [doc id='72'] - [doc id='73'] - [doc id='74'] - [doc id='75'] - [doc id='76'] - [doc id='77'] - [doc id='78'] - [doc id='79'] - [doc id='80'] - [doc id='81'] - [doc id='82'] - [doc id='83'] - [doc id='84'] - [doc id='85'] - [doc id='86'] - [doc id='87'] - [doc id='88'] - [doc id='89'] - [doc id='90'] - [doc id='91'] - [doc id='92'] - [doc id='93'] - [doc id='94'] - [doc id='95'] - [doc id='96'] - [doc id='97'] - [doc id='98'] - [doc id='99'] - [doc id='100'] - [doc id='101'] - [doc id='102'] - [doc id='103'] - [doc id='104'] - [doc id='105'] - [doc id='106'] - [doc id='107'] - [doc id='108'] - [doc id='109'] - [doc id='110'] - [doc id='111'] - [doc id='112'] - [doc id='113'] - [doc id='114'] - [doc id='115'] - [doc id='116'] - [doc id='117'] - [doc id='118'] - [doc id='119'] - [doc id='120'] - [doc id='121'] - [doc id='122'] - [doc id='123'] - [doc id='124'] - [doc id='125'] - [doc id='126'] - [doc id='127'] - [doc id='128'] - [doc id='129'] - [doc id='130'] - [doc id='131'] - [doc id='132'] - [doc id='133'] - [doc id='134'] - [doc id='135'] - [doc id='136'] - [doc id='137'] - [doc id='138'] - [doc id='139'] - [doc id='140'] - [doc id='141'] - [doc id='142'] - [doc id='143'] - [doc id='144'] - [doc id='145'] - [doc id='146'] - [doc id='147'] - [doc id='148'] - [doc id='149'] - [doc id='150'] - [doc id='151'] - [doc id='152'] - [doc id='153'] - [doc id='154'] - [doc id='155'] - [doc id='156'] - [doc id='157'] - [doc id='158'] - [doc id='159'] - [doc id='160'] - [doc id='161'] - [doc id='162'] - [doc id='163'] - [doc id='164'] - [doc id='165'] - [doc id='166'] - [doc id='167'] - [doc id='168'] - [doc id='169'] - [doc id='170']

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Financial Data and Key Metrics Changes - For Q2 2024, the company recorded revenue of $1.9 million, slightly ahead of expectations, primarily from sales to a leading agricultural equipment company for industrial applications [18] - The adjusted gross margin was approximately 39%, differentiating the company from peers with negative or near-zero margins [18][19] - Operating expenses (OpEx) were approximately $22 million, with a new annual run rate expected to be between $55 million and $60 million [20][22] Business Line Data and Key Metrics Changes - The company is engaged in seven RFQs with automotive OEMs for passenger vehicles, focusing on ADAS level 2+ and level 3 features [6][11] - Industrial segment sales are expected to bridge the gap until automotive revenues ramp up, with potential sales of 10,000 to 30,000 units per year starting next year [12][13] Market Data and Key Metrics Changes - The company faces stiff competition from Chinese players in the automotive sector, but there is a clear demand for lidar in the U.S. and EU markets [14][15] - The company believes it is well-positioned to capture demand due to its strategic product portfolio and focus on high-volume passenger car projects [16][17] Company Strategy and Development Direction - The company is focusing on automotive OEMs and industrial markets, with a strategy to conserve resources for MAVIN and MOVIA products while terminating projects related to MOSAIK and Sensor Fusion [17][20] - The company aims to leverage its perception software to provide solutions in the industrial market, targeting key accounts for partnerships [38][53] Management Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding RFQ decisions from OEMs, indicating that delays are often related to OEM strategies rather than the company's capabilities [25][26] - The management highlighted the importance of software in driving adoption and solving real problems in the industrial space, emphasizing a focus on key accounts rather than broad sales efforts [38][40] Other Important Information - The company has a total liquidity of $179 million as of June 30, 2024, which includes cash and cash equivalents and availability under the current ATM facility [22] - The company incurred a non-cash impairment charge on its MOSAIK software asset, reflecting a strategic decision to focus on perception software-driven products [21] Q&A Session Summary Question: Timeline for OEM win - Management indicated that OEMs have shared a second-half decision timeline, but cautioned that delays could occur due to their internal strategies [25] Question: Highlighting specific RFQs - Management expressed interest in all RFQs, particularly those with high volume and integration advantages for MAVIN [26] Question: Cash burn and runway - Management confirmed that the current cash burn is manageable, with sufficient resources for the next 12 to 18 months [27][29] Question: Understanding 905 nm vs. 1550 nm products - Management explained that 905 nm technology is more cost-effective and has been successfully shipped in volume, making it a better choice for automotive applications [33][36] Question: Adoption of lidar since April 2024 - Management emphasized a focus on key accounts in the industrial space and customization of products to meet specific customer needs [37][38] Question: Concerns about competition from Hesai - Management noted that while Chinese lidar companies have significant revenue, U.S. and EU markets are increasingly favoring American lidar companies due to data privacy concerns [46][47] Question: Capturing market share in the industrial space - Management highlighted the potential to disrupt the industrial lidar market by offering superior software solutions alongside hardware [48][51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ Commission file number 001-34170 MicroVision, Inc. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | |---------------- ...

Q2 2024 Business update Aug 7, 2024 Safe mobility at the speed of life Safe Harbor Statements This presentation of MicroVision, Inc. ("MicroVision," "the Company," "we," or "our"), and any accompanying oral presentation, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, among others: statements relating to expectations regarding our future growth, profit ...

Exhibit 99.1 MicroVision Announces Second Quarter 2024 Results 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 2024 ● Building 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 develo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ Commission file number 001-34170 MicroVision, Inc. (Exact name of registrant as specified in its charter) Delaware 91-1600822 (State or Other Jurisd ...

MicroVision, Inc. (NASDAQ:MVIS) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET Company Participants Drew Markham - General Counsel Sumit Sharma - Chief Executive Officer Anubhav Verma - Chief Financial Officer Conference Call Participants Andres Sheppard - Cantor Fitzgerald Kevin Garrigan - WestPark Capital Operator Good afternoon, and welcome to the MicroVision First Quarter 2024 Financial and Operating Results Conference Call. At this time, all participants are in a listen-only mode. At the end o ...