$维视图像(MVIS)$Q2 EC summary:

MVIS ER Call: MVIS product on Hololense 2… Confirmed!!!

 - potential business partners joining this call - In person and Public demonstrations in Munich starting September

 - Moving platform testing on 3rd party vehicle will start this month - Business development team in North America and Asian pacific in near future 

- Confirmed! Microsoft hololense carries MVIS product and 2017 customer is Microsoft 

- Direct sales and long term partnership will be on going simultaneously

 - 4 models products will go on direct sales with 50% margin. It will match OEM expectations for all kind of range and speeds 

- Strategic sales: higher volume sales to long term potential partnership 

- 78 Head count end of June and expected to be 110-125 people by end of the year 

- 15 million loss primarily salary, product development, prepayment to vendor of software and chips 

- ATM was done to build confidence on potential partners and employees 

- 9-11M expenses estimated expenses for Q3 - 2.3M revenue expected for 2021 form Microsoft royalty 

- Don’t specific plan to raise more cash with ATM at this moment 

- Validation starting Q2 2022. MVIS LIDAR will be able to address ADAS and government safety requirements and other issue we might have in the market 

- Trade Show: We will show and live demo publicly what our product can do 

- One of manufacture partner’s plant is in Japan ( Easter Eggs?) 

- No agreements or confirmed engagement on strategic alternative 

- There is an opportunity to take our LIDAR to ADS level 2, 2++ and higher. To achieve that milestone we will need hardware and software team. That’s why we are increasing our head count 

- Small quantities for direct sales to OEM, automotive manufacturers, robotics, tier 1 companies etc. They are for various use and testing

I’m bullish as F***k!!!

From Reddit:

https://www.reddit.com/r/MVIS/comments/oy1su5/microvision_q2_2021_financial_and_operating/h7qcpuu?utm_medium=android_app&utm_source=share&context=3