MicroVision (MVIS) Corporate presentation summary

Lidar 2.0 strategy

• More than 50% of lidar companies disappeared over the last 10 years; 40+ entered in 2016–2020, with fewer than 20 remaining in 2026.

• The strategy shifts from hardware-first technology proof to use-case performance, design-to-cost, open software, diversified revenue and fiscal discipline.

• The value proposition combines a broad sensor portfolio, open software and customer demand conversion, supported by automotive-grade experience and execution.

Portfolio and end markets

• Sensors cover short range under 50m, long range 50–300m and ultra-long range 500–1,500m, with multiple wavelengths, scanning approaches and measurement technologies.

• The software stack spans AI-enabled point clouds, perception, localization, real-time mapping, collision avoidance, development tools and an open integration framework.

• Industrial applications emphasize durable, cost-efficient solid-state lidar; security and defense applications include drone integration, mapping and autonomous navigation; automotive offerings target lower system cost and customizable ADAS software.

• The addressable market is estimated at $40B, growing 25% annually, driven by perception-enabled autonomy across industries.

Growth and financial targets

• 2026 targets include $10–15M revenue, 40–45% gross margin and approximately $60M cash used in operations plus capex.

• Pipeline includes 130+ customer opportunity engagements: 15+ automotive OEMs, 40+ security and defense companies, and 90+ industrial OEMs and resellers.

• Pipeline represents over $750M in 2026–2030 booking opportunities; 2027 YoY revenue growth is anticipated, but no guidance is intended at this time.

• Cash usage was reduced 14% while executing the Lidar 2.0 strategy.