MicroVision announced an expanded collaboration with FieldAI, a developer of autonomous robotic systems for government and industrial use. The partnership aims to integrate MVIS perception sensors into FieldAI platforms to boost autonomous operation and situational awareness. Terms were not disclosed; success would expand MVIS's addressable market in defense, security, and industrial automation over the coming years.
Analyst maintains Buy rating on MVIS with a $3.00 price target. Glen DeVos appointed as new CTO to enhance product design. Company raised $38 million, boosting cash balance to $81 million. Q4 loss per share estimate worsened from $0.10 to $0.17. Focus on backlog growth and operating income highlighted by the analyst.
