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MicroVision, Inc., a leading company in advanced perception solutions for autonomy and mobility, has released its results for the third quarter of 2025. This period has been characterized by significant strategic moves, including the appointment of Glen DeVos as the new CEO. With over thirty years of experience in the industry, DeVos aims to strengthen the company’s capabilities in the automotive sector.
Among the most notable launches is the MOVIA S solid-state lidar sensor, designed to provide an efficient and cost-effective solution for multiple applications, including the automotive, industrial, and defense industries. MicroVision has also introduced its Tri-Lidar Architecture, representing an innovative alternative to the traditional approach of using a single sensor in lidar technology.
Additionally, the company has advanced its growth strategy by signing an agreement to acquire Scantinel Photonics, a German company specializing in long-range FMCW lidar technologies. This acquisition will enable the development of integrated chip lidar solutions for commercial vehicles and passenger cars. MicroVision has also opened a new design office in Washington D.C., focused on intelligence, surveillance, and reconnaissance capabilities that are crucial for the defense sector.
Financially, MicroVision reported revenues of $0.2 million during this quarter, a figure that remained stable compared to the same period last year. Despite total operating expenses of $12.0 million, the company showed a strong financial balance, with a net loss of $14.2 million, a slight improvement compared to the loss of $15.5 million in the third quarter of 2024.
Adjusted EBITDA also remained at a loss of $11.7 million, similar to the previous year. In terms of cash used in operations, the figure rose to $16.5 million, up from $14.1 million last year. By the end of the third quarter, MicroVision had $99.5 million in cash and equivalents, representing a significant increase compared to the $74.7 million reported at the end of 2024.
DeVos has reiterated his enthusiasm for recent advancements, highlighting MicroVision’s pivotal role in the evolution of the lidar market, likening this transformation to the transition of radar in automotive systems. The company has scheduled a conference call for November 11, 2025, where financial results will be discussed and updates on its business initiatives will be provided.
Source: MiMub in Spanish
