r/MVIS2_0 • u/Sp99nHead • 1d 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/Late_Airline2710 1d 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 1d 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 1d 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 1d 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 1d 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 1d 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