MicroVision announced the launch of its solid-state flash-based MOVIA lidar sensor. The small form factor and light weight of the MOVIA sensor make it appealing for a wide variety of industrial applications, such as agriculture, logistics, mining, and nautical applications. Additionally, the near- and mid-range MOVIA sensor also complements our high-speed dynamic-range MAVIN sensor and adds further depth to complete lidar perception system offerings for automotive OEMs. MicroVision also announced continued progress in sales of the legacy Gen 1 Scala sensor, the first automotive lidar sensor installed in passenger vehicles in series production. Expanding on established relationships, MicroVision recently received another significant purchase commitment for this sensor and related software from a large repeat customer. Based on a combination of sales of software, hardware, and services to various customers, MicroVision expects to record $400,000 to $500,000 in revenue for the first quarter of 2023, which includes only two months of contribution from the acquired business following the January 31 closing. The Q1 2023 revenue performance positions the Company well for its financial targets and milestones for the full year 2023, as previously disclosed on February 28, 2023.
Published first on TheFly
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