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Microvision Inc
MicroVision, Inc. (MVIS) is a publicly traded company that is primarily focused on the development of interactive display solutions and MEMS (Micro-Electro-Mechanical Systems) scanning technology. The company's stock is listed on the NASDAQ stock exchange under the symbol "MVIS."
In terms of financials, MicroVision reported revenue of $1.2 million in 2021, representing a decrease from the $1.8 million in revenue reported in 2020. The company has not been profitable in recent years, reporting a net loss of $22.1 million in 2021.
However, it is important to note that MicroVision is an emerging technology company, and as such, it often takes time for these types of companies to become profitable. MicroVision has been investing heavily in research and development in recent years, with the aim of developing and commercializing its innovative display and sensing technologies.
In terms of growth, MicroVision has made significant progress in recent years in terms of securing partnerships and developing its product portfolio. The company has established partnerships with several major companies, including Sony, STMicroelectronics, and Pioneer, among others. These partnerships have helped to validate MicroVision's technology and product offerings.
Additionally, MicroVision has made progress in developing its lidar (Light Detection and Ranging) sensing technology, which has potential applications in the autonomous vehicle and industrial automation markets. The company has demonstrated its lidar technology in several public demonstrations and has announced that it is working with several major automotive suppliers to develop and integrate its lidar technology into automotive applications.
Overall, while MicroVision has not been profitable in recent years, the company has made significant progress in terms of securing partnerships, developing its product portfolio, and advancing its technology. Investors may want to keep an eye on MicroVision as a potential growth opportunity, particularly as the company continues to make progress in commercializing its display and sensing technologies.