Investor Presentaiton
FY 2023 Summary Financial Performance
Revenue Growth (1)
($ in '000s)
$664
993%
■
Includes revenue from hardware and software
$7,259
☐
20% software related sales to automotive OEMs
Revenue
FY 2022
FY 2023
($ in '000s)
GAAP Gross Profit
(+) Share-based compensation expense
(+) Amortization of acquired intangibles
Adjusted Gross Profit (2)
% margin
(3)
80% hardware sales and royalty revenue related to
Microsoft, Automotive OEMs and other customers in the
industrial and agricultural markets
FY 2023
$4,487
Net Cash Used
in Operations
$67 million cash was used in operating activities in FY
2023
1,418
$5,905
81%
Total Liquidity
$93 million including $74 million in Cash and cash
equivalents as of December 31, 2023 and $19 million
availability under the current ATM facility
(1) FY 2022 revenue represents MicroVision-only historical; FY 2023 represents MicroVision subsequent to Feb 1 acquisition of Ibeo assets and contracts.
(2) A non-GAAP measure. Non-GAAP financial measures should be considered in addition to and not as a substitute for, or superior to, financial measures presented in accordance with U.S. GAAP.
Management uses this measure to assist in assessing profitability of our business.
(3)% margin is calculated by dividing Adjusted Gross Profit by Total Revenue.
92023 MicroVision, Inc. All rights reserved. Confidential and proprietary.View entire presentation