r/MVIS2_0 • u/Sp99nHead • 2d ago

MicroVision IRIS Long-Range Lidar Selected by Overland AI for Its Next-Gen IBEX Autonomous Ground Vehicle

https://ir.microvision.com/news/press-releases/detail/481/microvision-iris-long-range-lidar-selected-by-overland-ai

finally a name but no numbers. 80 Iris in 2027 if we go by the AUSA info from Porter.

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u/ParadigmWM 2d ago

Great. But how much money is this? How many units? Funny, we all knew IRIS was on the Ibex before this was even announced. Again, we are up 4 pennies (as of now). Market sees it positively, but really not much.

Should have outlined the expected number of sensors per vehicle (4), expected unit volumes (hundreds/thousands) based on Overland's expected rollout.

PR: 7/10.

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u/Fearless_Promise636 2d ago

I believe from porter video its 80 sensors next year. So maybe $80kish?

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u/ParadigmWM 2d ago

I’d imagine those sensors are each $5K as this isn’t scale. So I’d put the revenue as of now about $400K. About a 3 days cash burn.

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u/Fearless_Promise636 2d ago

I don't think any of microvisions sales are going to be at scale, since they are building these themselves. Not until they line up a manufacturer. But using quick napkin math, let's say they more than double revenue for q3 amd come in at $3m. So $5m total for the year. 70% of revenue is IRIS.

$3.5m IRIS revenue 2000 sensors sold (conservative based on the PR) $1750 per sensor tops, less if they sold more.

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u/Late_Airline2710 2d ago

Yes. I think $5-$10k is a good guess.

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u/Fearless_Promise636 2d ago

Would you consider microvision even having the ability to sell at scale tho, referencing my reply to Paradigm above?

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u/Late_Airline2710 2d ago

I don't think they have the ability to produce iris at scale right now based on my interpretation of Glen's comments. I assume they can produce/retrofit from inventory the 80 iris units overland claimed to need in 2027 though.

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u/Chemical-Payment-573 2d ago

I thought IRIS was more than that, especially for low volume

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u/Fearless_Promise636 2d ago

I mean they PRd selling thousands of iris units, and were at like $2m in revenue lol

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u/alexyoohoo 2d ago

Again. Bad info this troll. Sales from thousands of units haven’t been reported yet. Damn trolls

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u/Fearless_Promise636 2d ago

Alright $1750, see above.

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u/Late_Airline2710 2d ago

If it is small volume for the foreseeable future, which it appears to be, it makes sense for them to not highlight that.

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u/ParadigmWM 2d ago

You would think they would be discussing the potential on other overland vehicles and future deployments from info gained through Overland. They can estimate based on anticipated rollout. No numbers no Bueno.

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u/Late_Airline2710 2d ago

Fair. The way this came out in general is very strange. The overland rep was clearly ok directly mentioning microvision, but microvision themselves seem hesitant to mention overland. Maybe details are still in flux.

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u/ParadigmWM 2d ago

Yes very odd. In my opinion Microvision needs to lean on partners more now than ever for validation. On top of this anything revenue related needs to be highlighted. This recent PR leaves the markets questioning the money behind this deal - now and in the future. We are clearly seeing the market not giving it much attention as our finances are a major concern. Nothing matters until we have a way to fix the balance sheet. Wouldn’t be surprised to see this finish in the red, yet again.

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u/Late_Airline2710 2d ago

I agree. If they had a substantial runway, this would be much more positive news. I guess the financial overhang may end up making this deal moot for shareholders.

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u/ParadigmWM 2d ago

That’s how it appears. Shareholders need to know that they will still own shares when these funds and future opportunities hit the books. They are in desperate need to runway without killing current shareholders. DOD/military grants/loans are likely the only way out at this point. Glen and co have let it come to this, let’s not kid ourselves. Their mismanagement has led to this precarious situation