MicroVision, Inc. Q4 FY2025 earnings call

Glenn DeVos discussed LiDAR 2.0 era. Microvision has complete LiDAR technology portfolio through acquisitions. Muvia sensors for short-range, iris and halo for long-range, 1550 nm FMCW for ultra-long range. Software products Mosaic and Sentinel provide end-to-end capability. Acquisitions accelerate revenue, consolidate operations in Orlando, build executive leadership team.

Fourth quarter revenue was $0.2 million, primarily driven by hardware sales in the industrial sector. Compared to $1.7 million in the same period of 2024. Full year 2025 revenue was $1.2 million, down from $4.7 million in 2024, due to a last-time buy on a contract with an agricultural equipment customer to deliver legacy ABAO sensors.

2026 revenue expected in range of $10 million to $15 million. Cash used in operations plus cap ex expected in range of $65 to $70 million for full year, reflecting increase due to acquisitions and new teams, based on analysis of prior outlook and acquired revenue streams.

Actual results may differ from forward-looking statements. Asset impairment and restructuring risks. Automotive OEMs' reevaluation of L3 value affecting RFQ processes.

Includes questions from Jason Colbert on revenue breakdown, sales and marketing spend, Scantnel tech in defense; Casey Ryan on acquisition locations, sensor combination; and other questions on revenue confidence, customer engagements, Luminar impact, RFQs, portfolio difference, customer value creation, Maven/MEMS future, CFO hire, competitive advantage