Conference Call and Webcast: Q2 2023 Results
MicroVision will host a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a
question-and-answer session at 2:00 PM PT/5:00 PM ET on Tuesday, August 8, 2023 to discuss the financial results and provide a business update. Analysts and
investors may pose questions to management during the live webcast on August 8, 2023.
The live webcast and slide presentation can be accessed on the
Companys Investor Relations website under the Events tab at https://ir.microvision.com/events. The webcast will be archived on the website for future viewing.
About MicroVision
With over 350 employees and global
presence in Redmond, Detroit, Hamburg, and Nuremberg, MicroVision is a pioneering company in MEMS-based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its proprietary
technology to address existing and emerging markets. The Companys integrated approach uses its proprietary technology to provide automotive lidar sensors and solutions for advanced driver-assistance systems (ADAS) and for non-automotive applications including industrial, smart infrastructure and robotics. The Company has been leveraging its experience building augmented reality micro-display engines, interactive display modules, and
consumer lidar modules.
For more information, visit the Companys website at www.microvision.com, on Facebook at
www.facebook.com/microvisioninc, and LinkedIn at https://www.linkedin.com/company/microvision/.
MicroVision, MAVIN, MOSAIK, and MOVIA are
trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.
Non-GAAP information
To supplement MicroVisions condensed financial statements presented in accordance with
GAAP, the Company presents investors with the non-GAAP financial measure adjusted EBITDA and adjusted Gross Profit. Adjusted EBITDA consists of GAAP net income (loss) excluding the
impact of the following: interest income and interest expense; income tax expense; depreciation and amortization; and share-based compensation. Adjusted Gross Profit is calculated as GAAP gross profit before stock-based compensation expense and the
amortization of acquired intangibles included in cost of revenue.
MicroVision believes that the presentation of adjusted EBITDA and adjusted Gross Profit
provides important supplemental information to management and investors regarding financial and business trends, provides consistency and comparability with MicroVisions past financial reports, and facilitates comparisons with other companies
in the Companys industry, many of which use similar non-GAAP financial measures to supplement their GAAP results. Internally, management uses this non-GAAP measure
when evaluating operating performance because the exclusion of the items described above provides an additional useful measure of the Companys operating results and facilitates comparisons of the Companys core operating performance
against prior periods and its business objectives. Externally, the Company believes that adjusted EBITDA and adjusted Gross Profit are useful to investors in their assessment of MicroVisions operating performance and the valuation of the
Company.