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MicroVision, Inc. (MVIS) Shareholder/Analyst Call Transcript
Seeking Alpha· 2026-02-25 23:07
Group 1 - The webinar features Hans Werner-Kaas, a senior partner at McKinsey & Company, and Glen DeVos, CEO of MicroVision, focusing on the company's transition from advanced R&D to commercialization in lidar and intelligent mobility [1][2] - Glen DeVos brings extensive experience in automotive technology and advanced electronics, positioning MicroVision for growth in the evolving lidar market [2] - The discussion will cover various topics including commercial engagement status, customer and partner engagement levels, market opportunities, and future operational projections [3]
MicroVision To Announce Fourth Quarter and Full Year 2025 Results on March 4, 2026
Accessnewswire· 2026-02-25 21:05
REDMOND, WASHINGTON / ACCESS Newswire / February 25, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announces that it will report its fourth quarter and full year 2025 results on Wednesday, March 4, 2026 after the market close. The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Wednesday, March 4, 2026 ...
MicroVision (NasdaqGM:MVIS) Fireside chat Transcript
2026-02-25 16:02
MicroVision (NasdaqGM:MVIS) Fireside chat February 25, 2026 10:00 AM ET Company ParticipantsGlen De Vos - CEOHans-Werner Kaas - Senior Partner EmeritusJeff Herbst - Independent Director on the Board of DirectorsNone - Video NarratorJeff HerbstGood morning, and thank you for joining today's webinar featuring Hans-Werner Kaas and Glen De Vos. We're especially honored to have Hans-Werner Kaas serve as our fireside host today. Hans-Werner is a McKinsey & Company Senior Partner Emeritus, where he was the co-foun ...
MicroVision Business Update and Fireside Chat on February 25, 2026
Accessnewswire· 2026-02-24 14:05
MicroVision Business Update and Fireside Chat on February 25, 2026 ELEMENT--[Back to the Newsroom]# MicroVision Business Update and Fireside Chat on February 25, 2026REDMOND, WA / [ACCESS Newswire]/ February 24, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announced a video-enabled business update and fireside chat on February 25, 2026 at 10:00 AM ET with Glen DeVos, MicroVision's Chief Executive Officer.Having complete ...
MicroVision buys assets of troubled lidar maker Luminar for $33M
Yahoo Finance· 2026-02-24 13:50
Just over five years ago, Luminar was seen as a leading developer of long-range lidar technology. In March 2020, Volvo Cars signed a framework purchase agreement with Luminar that officially designated the company as the sole provider of lidar technology for the automaker’s next-generation global vehicle platform. The deal helped Luminar gain the confidence of investors leading up to its high-profile November 2020 IPO.In addition to competition from China, the mass-market deployment of autonomous driving in ...
MicroVision Enhances Financial Position to Accelerate Benefits of Acquisitions
Accessnewswire· 2026-02-24 13:50
REDMOND, WA / ACCESS Newswire / February 24, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announced that it had enhanced its financial position by issuing senior secured convertible notes in the aggregate principal amount of $43.0 million, which defer existing repayment obligations and fortify the Company's balance sheet, thus supporting acceleration of acquisition synergies. "We were pleased to work with our financial ...
Luminar sale approved despite last-minute mystery bid
TechCrunch· 2026-01-28 20:41
Core Insights - Luminar's lidar business faced a last-minute bid that exceeded the leading offer of $33 million from MicroVision, but Luminar chose to proceed with MicroVision's bid due to "infirmities" in the new offer [1][2] Group 1: Sale Process and Bids - An unidentified party submitted a bid just before a bankruptcy hearing, which was significantly higher than the $33 million bid from MicroVision [1] - Luminar's legal counsel indicated that the last-minute bid had issues, leading the company to stick with MicroVision's offer [2] - The identity of the last-minute bidder was not disclosed, but it was suggested to be an "insider purchaser," likely Austin Russell, Luminar's founder [2][3] Group 2: MicroVision's Acquisition - The sale of Luminar's lidar technology and remaining staff to MicroVision was approved, with the transaction expected to close in the coming weeks [3][6] - MicroVision aims to leverage Luminar's lidar technology to enhance its automotive capabilities, which it currently lacks [6][8] - MicroVision's CEO expressed optimism about reviving Luminar's existing contracts with automakers, viewing them as potential revenue opportunities [9][10] Group 3: Competitive Landscape - MicroVision is positioned to expand beyond its current markets of industrial use, security, and defense by integrating Luminar's technology [8] - The acquisition is seen as a strategic move to enhance MicroVision's engineering capabilities and competitiveness in the automotive sector [9]
Luminar receives a larger $33M bid for its lidar business
Yahoo Finance· 2026-01-27 14:17
Core Insights - Luminar's lidar business received a higher bid of $33 million from MicroVision, surpassing the previous bid of $28 million from Quantum Computing Inc. [1] - MicroVision aims to acquire intellectual property, inventory, engineering talent, and commercial contracts related to its lidar sensors, indicating a strategic move to enhance its position in the lidar market [1]. - The sale is pending approval from the bankruptcy court, with a hearing scheduled for Tuesday afternoon [1]. Company Developments - Austin Russell, Luminar's founder and former CEO, has not confirmed whether he submitted a bid for the lidar assets during the bankruptcy process [2]. - Russell's previous attempts to acquire Luminar outright and his ongoing legal disputes with the company highlight the complexities surrounding the bankruptcy case [3]. - A protective order regarding Russell's personal information was established, allowing him to comply with a subpoena related to his resignation and the ongoing legal matters [4]. Industry Context - MicroVision's CEO emphasized the need for consolidation in the lidar market, suggesting that the industry is poised for significant changes and increased safety through advanced technology [1]. - The acquisition of Luminar's lidar assets could expedite the resolution of Luminar's bankruptcy case, which has been ongoing since December [4]. - The sale of Luminar's semiconductor division to Quantum Computing Inc. for $110 million indicates ongoing restructuring efforts within the company [4].
Luminar receives a larger $33 million bid for its lidar business
TechCrunch· 2026-01-27 14:17
Core Viewpoint - Luminar's lidar business has attracted a higher bid of $33 million from MicroVision, surpassing the previous bid of $22 million from Quantum Computing Inc. as the auction concludes in the company's bankruptcy case [1][2]. Group 1: Bidding Process - MicroVision's bid of $33 million exceeds Quantum Computing Inc.'s latest bid of $28 million, which was initially $22 million [2]. - The sale of Luminar's lidar business is pending approval from the judge overseeing the bankruptcy case, with a hearing scheduled for Tuesday afternoon [2]. Group 2: Company Background and Legal Issues - It remains uncertain whether Luminar's founder and former CEO Austin Russell submitted a bid for the lidar assets, although he had previously expressed interest [3]. - Russell and Luminar have been involved in legal disputes regarding a subpoena, with the company considering legal action against him related to his resignation following an ethics inquiry [4]. - Russell has agreed to comply with the subpoena, and a protective order regarding his personal information has been established [5]. Group 3: Bankruptcy Case Progress - The potential sale of the lidar assets could expedite the resolution of Luminar's bankruptcy case, which was filed in December [5]. - Luminar has already reached an agreement to sell its semiconductor division to Quantum Computing Inc. for $110 million [5].
MicroVision Announces Agreement to Acquire Luminar Assets to Accelerate Commercial Strategy and Expand Product Portfolio
Accessnewswire· 2026-01-27 14:00
Core Viewpoint - MicroVision, Inc. has announced the acquisition of certain assets from Luminar Technologies, Inc. for $33 million, which includes key lidar technology and talent [1] Group 1: Acquisition Details - The acquisition includes intellectual property (IP) and inventory related to the Iris and Halo lidar sensors [1] - MicroVision was the winning bidder in a competitive auction conducted under Section 363 of the U.S. Bankruptcy Code [1] - The total cash purchase price for the assets, employees, and contracts associated with Luminar's lidar business is $33 million [1] Group 2: Strategic Implications - The acquisition aims to enhance MicroVision's capabilities in advanced perception solutions for autonomy and mobility [1] - Key engineering and operations talent from Luminar will be integrated into MicroVision to bolster its lidar technology development [1] - The deal includes certain commercial contracts and orders, which may provide immediate revenue opportunities for MicroVision [1]