MicroVision, Inc. (MVIS) Shareholder Update Conference Call (Transcript)

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']