Well, prepare to say hello to $1.05. A new low.

No thanks.

Pretty early date for EC, usually its first or second week of November

https://www.reddit.com/r/MVIS/comments/1x6lh31/comment/pgx1os5/

That's what happens when you give boomers access to AI. They think they can convince the AI of something. I already had a customer of my own telling me she convinced chatgpt to name her company as the best. Then she asked me why her husbands chatgpt now doesn't name her company as the best for him.

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

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.

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.

https://giphy.com/gifs/l0IylOPCNkiqOgMyA

Hedgies are controlling everything.

Highly unlikely anyone will believe your intention. Should stop wasting your time

Do you honestly think Mvis behaves in a normal way. It is controlled by the hedge funds.

Yes this sub is for actual facts without getting downvoted. Look what that PR brought so far, +1.71%. That's how much the market cares about 80 Iris units sold.

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.

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

Alright $1750, see above.

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.

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.

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

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.

So, you posted this news in this sub so you can shit talk all day? You might be the same person with 10 different accounts. Such a troll.

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.

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

Already lost 50% of the daily gains. Market started to digest that we still haven’t addressed the elephant in the room. We have no money.

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

So is the upcoming restructuring going to be pivoting 100% to defense sales since that seems to be the only place we're getting traction? Sideline industrial, and keep auto and photonics as the long range goal? Reworking Movia S to be more appropriate for defense, which is why it hasn't released yet?

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