Home Top Movers Looking Under the Hood: What's Happening to MicroVision Inc.

Looking Under the Hood: What’s Happening to MicroVision Inc. [MVIS]

MicroVision, Inc. (NASDAQ: MVIS) stock bounced back from the last-night dip as it rises 34.06% to $18.80 in the Pre-Market Session. A Company’s share price increased by 2187.96% since the beginning of this year. Over the past 5 trades, the stock gained 51.19%, and over the last 30 trades, the stock rose 139.32%. However, during the past six months, its share price rose 809.09% and 665.03% over the previous three months.

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Company Info

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MicroVision, Inc. (NASDAQ: MVIS) is a company leading the way in MEMS-based laser beam scanning technologies. It combines MEMS, lasers, optics, hardware, algorithms, and machine learning into proprietary products to address existing and emerging markets. In addition to automotive lidar solutions, we provide solutions for augmented reality micro-display engines, interactive display modules, and consumer lidar modules through our integrated approach.

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What has just happened?

February 11, 2021, MicroVision, Inc. (NASDAQ: MVIS) announced that it had received the necessary equipment and components needed to complete the A-Sample of its Long-Range Lidar Sensor by the April deadline. On its development platform, the Company has also begun outdoor testing of key performance features.

The Long-Range Lidar Sensor, developed by MicroVision for over two years, is expected to meet or exceed OEM’sOEM’s requirements for autonomous safety and autonomous driving,” says Sumit Sharma, MicroVision’sMicroVision’s CEO.

We expect our LRL Sensor to have the most extended range and the highest resolution at any content for the first generation. We hope it to have 340 vertical lines for a range of at least 250 meters, 568 up to 120 meters, and 944 up to 60 meters. It is equivalent to 520 points per square degree. We will also be able to output the velocity of objects moving about an ego vehicle at a rate of 30 Hz in our real-time sensor output. Our sensor, built on a scalable silicon wafer and laser diode technologies, can scale to achieve ASPs of less than $1,000, expected to make it a commercial success, said Sharma.

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Tech Sector Outlook

Technology Sector offers investors opportunities for growth and income, as investors can pick from several mature, established companies. Because this is a rapidly growing sector, there are some growth opportunities, even in mature companies.MicroVision, Inc. (NASDAQ: MVIS) belongs to the Scientific & Technical Instruments Industry, which grew fastest within the Technology sector. Total ranking in revenue growth has improved so far to 6, from 13 in the previous quarter.

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