AcquisitionsMay 15, 2026, 03:48 PM
MicroVision Acquires Scantinel & Luminar Assets; Q1 Net Loss Narrows
AI Summary
MicroVision completed two significant acquisitions in Q1 2026, acquiring Scantinel Photonics' 1550nm FMCW lidar business and Luminar's IRIS and HALO 1550nm ToF lidar sensor business. The company reported an increase in Q1 2026 revenue to $935K and a narrowing of its net loss to $(25.294)M, improving from $(28.779)M in Q1 2025. MicroVision also issued new senior secured convertible notes and ended the quarter with $46.120M in cash and cash equivalents, projecting sufficient liquidity for the next 12 months.
Key Highlights
- Acquired Scantinel Photonics' 1550nm FMCW lidar business on January 1, 2026, for $2.2M.
- Acquired Luminar's IRIS and HALO 1550nm ToF lidar sensor business on February 3, 2026, for $33.0M.
- Q1 2026 revenue increased to $935K from $589K in Q1 2025.
- Q1 2026 net loss narrowed to $(25.294)M from $(28.779)M in Q1 2025.
- Net loss per share improved to $(0.08) in Q1 2026 from $(0.12) in Q1 2025.
- Cash and cash equivalents increased to $46.120M as of March 31, 2026, from $32.363M at Dec 31, 2025.
- Issued two senior secured convertible notes in February 2026 totaling approximately $43.0M.
- Anticipates sufficient cash and cash equivalents to fund operations for at least the next 12 months.
Price Impact
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