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August 4 , 2021 MicroVision® MicroVision Announces Second Quarter 2021 Results REDMOND , WA / ACCESSWIRE / August 4 , 2021 / MicroVision , Inc. ( NASDAQ : MVIS ) , a leader in MEMS based solid state automotive lidar and micro - display technology for augmented reality , today announced its second quarter 2021 results . Revenue for the second quarter of 2021 was $ 0.7 million , compared to $ 0.6 million for the second quarter of 2020. MicroVision's net loss for the second quarter of 2021 was $ 15.0 million , or $ 0.09 per share , which includes $ 7.9 million of non - cash compensation expense , compared to a net loss of $ 2.3 million , or $ 0.02 per share , which includes $ 0.2 million of non - cash compensation expense , for the second quarter of 2020. Cash used in operations in the second quarter of 2021 was $ 6.7 million , compared to cash used in operations in the second quarter of 2020 of $ 2.9 million . The Company ended the second quarter of 2021 with $ 135.3 million in cash and cash equivalents , compared to $ 16.9 million at the end of the fourth quarter of 2020 . " During the second quarter we provided potential customers , which included OEM , Tier 1 and Mobility - as - a - Service companies , with performance data from outdoor testing results and deeper evaluation of our product , technology and differentiated IP , " said Sumit Sharma , MicroVision's Chief Executive Officer . " The feedback we've received from potential customers so far has been very positive . With our proprietary active scan locking architecture based on proven technologies , we believe our lidar meets and exceeds their product expectations and will be the most cost effective lidar product to address their needs . We expect our LRL product family will be available for sale , in small quantities , beginning in the fourth quarter of 2021. " Financial Results Webcast MicroVision will host a webcast which will start at 2:00 p.m. Pacific Time on Wednesday , August 4 , 2021. The webcast can be accessed from the Investor Relations section of MicroVision's website on the Investor Relations Events Calendar page at https://ir.microvision.com/news-events/ir-calendar/detail/9856/q2-2021-financial-and- operating - results - call . Investors may submit questions for management in advance to IR@MicroVision.com or beginning 10 minutes before or during the live webcast on August 4 , 2021 , from the webcast link . The webcast will be available for rebroadcast from the Investor Relations section of MicroVision's website on the Investor Relations Calendar page . About MicroVision MicroVision is a pioneering company in MEMS based laser beam scanning technology that integrates MEMS , lasers , optics , hardware , algorithms and machine learning software into its proprietary technology to address existing and emerging markets . The Company's integrated approach uses its proprietary technology to provide solutions for automotive lidar sensors , augmented reality micro - display engines , interactive display modules and consumer lidar