$维视图像(MVIS)$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
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