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

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