MicroVision Re-affirms FY24 Revenue Guidance Of $8M-$10M (Est $8.88M) Subject To Customers' Approvals; Reports Preliminary Q3 Revenue Of $0.15M - $0.2M (Est $2.25M)

Benzinga · 10/15 10:16
  • Re-affirming annual cash burn rate, including research & development and selling, general & administrative expenses, to be between $55-$60 million run-rate per year consistent with preliminary third quarter 2024 financial performance.

  • Revenue for the third quarter of 2024 - $0.15 - $0.2 million, compared to $1.0 million for the third quarter of 2023 due to one customer pushing its orders out of the third quarter of 2024.