MicroVision (MVIS) Investor presentation summary

Strategic shift to Lidar 2.0

• Transitioning from hardware-first, expensive Lidar 1.0 to value-driven Lidar 2.0 focused on cost, software, and diversified revenue streams.

• Emphasizing open software frameworks and AI-enabled perception to lower costs and expand capabilities.

• Portfolio covers short, long, and ultra-long range sensors, supporting multiple verticals with customizable software.

Market opportunity and portfolio applications

• Addressing a $40B market growing at 25% annually, driven by autonomy in automotive, industrial, and security sectors.

• Portfolio enables entry into new end markets, increasing revenue resilience through applications in automotive, industrial, and defense.

Financial performance and guidance

• Reduced cash usage by 14% to support Lidar 2.0 strategy and drive capital efficiency.

• 2026 revenue guidance of $10M–$15M, with gross margin targets of 35–40% and operational cash use plus capex around $60M.

• Revenue mix in 2026 expected to be led by IRIS (70%), with significant contributions from Movia L, Movia S, and engineering services.

• Over 100 customer engagements in the pipeline, including automotive OEMs, security, defense, and industrial partners.