sur MicroVision, Inc. (NASDAQ:MVIS)
MicroVision Reports First Quarter 2025 Financial Results
MicroVision, Inc., a leader in advanced perception technology, has announced its financial results for the first quarter of 2025. Key initiatives include forming a defense advisory board to explore opportunities in defense tech and military sectors and strengthening its leadership with Glen DeVos as the new Chief Technology Officer. The company is focusing on industrial and automotive collaborations, with new RFQs and production ramp-ups to meet demand.
Financially, MicroVision reported a revenue of $0.6 million, a decrease from $1.0 million in Q1 2024. Operating expenses dropped by 47% to $14.1 million. Net loss stood at $28.8 million, or $0.12 per share, an increase compared to the $26.3 million loss in Q1 2024. Adjusted EBITDA showed a reduction in losses to $10.7 million from $18.7 million previously. The company raised $8 million from an equity sale and ended the quarter with $69.0 million in cash.
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