MicroVision Q3 revenue jumps on higher customer demand; gross margin turns positive

Overview

• U.S. lidar solutions provider's Q3 revenue rose sharply yr/yr to $2.4 mln

• Company reported Q3 gross margin of 50%, up from negative margin a year ago

• Company announced significant Q4 cost reductions to accelerate profitability

Outlook

• MicroVision sees 2026 revenue at $10 mln to $15 mln

• Company expects 2027 revenue to at least double from 2026

• MicroVision expects 2027 operating cash burn of about $40 mln

Result Drivers

• INCREASED PRODUCT DEMAND - Co cited significant growth in customer demand for IRIS sensors and delivery against purchase order backlog

• NEW PROGRAMS AND ALLIANCES - Co highlighted new defense programs, strategic alliances, and commercial contracts as drivers of Q3 results

• R&D GRANT - Q3 results included a $6.3 mln cash grant from German government for R&D activities

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)