Engagement in Multiple Verticals
MicroVision is actively engaged in automotive, industrial, and defense markets, with a focus on near-term revenue from industrial and defense sectors.
Strong Financial Position
The company raised capital in the first quarter, extending its cash runway into 2026, with $69 million in cash and cash equivalents.
Cost Management
Significant reduction in R&D and SG&A expenses by 45% year-over-year, with ongoing efforts to sustain current expense levels.
Industrial Market Progress
The company has secured production capacity with ZF in France to meet anticipated demand in the industrial sector, with expectations of $30 million to $50 million in revenue over the next 12 to 18 months.
Defense Market Expansion
Establishment of a Defense Advisory Board to explore opportunities in the defense sector, leveraging existing technology for potential partnerships.