4Q18 Conf Call Summary & Analysis

4Q18 Conf Call Summary & Analysis

on March 06, 2019

Display Only Licensee expects a "significant design win" from a Tier 1 "AI Platform Owner" and should this happen MVIS expects associated orders before the end of June for a product launch in 2019. Regarding the geography of the product launch, the comment was made that "North America still dominates the smart speaker space."

$24M Tier 1 customer is upgraded to $25.2M Tier 1 customer by increased NRE of $1.2M. The newly added $1.2M was described as for "some additional component parts and samples" among other things. Product is launching in 2nd half of the year and MVIS expects to receive orders "shortly" (March or April) and ship components in Q2 to support the launch. Emphasis on the confidentiality of their participation in the customer's product was made. PM commented that "once the product has been released our involvement would be evident." (I would suggest that MVIS involvement is already evident but take that for what it's worth.)

Interactive Display, working to get design wins and potentially orders in 2019. May get NRE as they are in discussions with multiple OEMs and some customers may request modifications to differentiate their product. "We think this has the potential for a very significant 2020 launch."

Expectations that OEM products containing MVIS Consumer LiDAR would hit the market in 2020. Explorer Kits going out to customers this month are supportive of this integration process. Targeting AI Platform Owners for a "smart home hub" type of product.

Have to sue Ragentek for $4M as they didn't take the marked-down projector module inventory despite previous commitments. (To me, this reinforces the necessity of the company's "Tier 1 Solutions Provider" focus as these smaller companies may be unreliable partners.)

$20-25M per quarter in revenue was specified as the target for breakeven. "Our goal to be profitable at some point in 2019 is still a very strong focus for us. Until purchase orders are received and the customer shipment schedules firm up, it is difficult to predict exactly when that may happen."

Comments

This blog is the author's personal website. It is not affiliated with MicroVision, Inc. or any company. This website does not recommend the purchase or sale of any stocks, options, bonds or any investment of any kind. This website does not provide investment advice. Disclaimer and Notices: Disclaimer: This website may contain "forward-looking" information including statements concerning the company's outlook for the future, as well as other statements of beliefs, future plans and strategies or anticipated events, and similar expressions concerning matters that are not historical facts. The forward-looking information and statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the statements. The information on this website includes forward looking statements, including statements regarding projections of future operations, product applications, development and production, future benefits of contractual arrangements, growth in demand, as well as statements containing words like believe, estimate, expect, anticipate, target, plan, will, could, would, and other similar expressions. These statements are not guarantees of future performance. Actual results could differ materially from the results implied or expressed in the forward looking statement. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements are included in MVIS most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission under the heading 'Risk factors related to the company's business,' and our other reports filed with the Comission from time to time. Except as expressly required by Federal securities laws, MVIS Blog undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events, changes in circumstances, or other reasons. Legal Notice: Although considerable care has been taken in preparing and maintaining the information and material contained on this website, MVIS Blog makes no representation nor gives any warranty as to the currency, completeness, accuracy or correctness of any of the elements contained herein. Facts and information contained in the website are believed to be accurate at the time of posting. However, information may be superseded by subsequent disclosure, and changes may be made at any time without prior notice. MVIS Blog shall not be responsible for, or liable in respect of, any damage, direct or indirect, or of any nature whatsoever, resulting from the use of the information contained herein. While the information contained herein has been obtained from sources believed to be reliable, its accuracy and completeness cannot be guaranteed. MVIS Blog has not independently verified the facts, assumptions, and estimates contained on this website. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, or completeness of the information and opinions contained on this website. Consequently, MVIS Blog assumes no liability for the accompanying information, which is being provided to you solely for evaluation and general information. This website does not contain inside information, proprietary or confidential information learned or disclosed as part of employment relationships or under nondisclosure agreements or otherwise.