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 ...

& MicroVision 1 | © 2024 MicroVision, Inc. All rights reserved. Confidential and proprietary. In addition to financial measures presented in accordance with U.S. generally accepted accounting principles ("GAAP"), this presentation includes certain non-GAAP financial measures, including Adjusted Gross Profit and percent margin. These non-GAAP measures are in addition to, and not a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. The nonGAAP financial measure ...

Exhibit 99.1 MicroVision Announces First Quarter 2024 Results Key Financial Highlights for Q1 2024 Conference Call and Webcast: Q1 2024 Results MicroVision will host 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 to management during the live webcast on May 9, 2024. ● A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) (State or Other Jurisdiction of ...

2 | © 2023 MicroVision, Inc. All rights reserved. Confidential and proprietary. MicroVision: A Leading Provider of LiDAR Solutions Uniquely Positioned to be a Trusted LiDAR Solutions Provider Across End Markets Comprehensive Product Portfolio ▪ Leading provider of LiDAR hardware and software solutions to the Automotive, Industrial, Smart Infrastructure and Robotics markets ▪ Compelling high-margin software revenue plus revenue-ready LiDAR products for Automotive and Industrial markets ▪ Strong CAGR potentia ...