10/28/2026

speaker
Matthew
Conference Call Operator

Good afternoon and welcome to the Microvision Third Quarter 2026 Financial and Operating Results Conference Call. At this time, all participants are on a listen-only mode. At the end of management's remarks, there will be a question-and-answer session. Investors can submit their questions within the meeting webcast by typing them into the Q&A button on the left side of their viewing screen. Analysts who publish research may ask questions on the phone line. For an analyst to ask a question on the phone line, Please press star 1 on your phone. Please note this event is being recorded. I would now like to turn the conference over to Drew Markham. Please go ahead.

speaker
Drew Markham
General Counsel and Corporate Secretary

Thank you, Matthew. Good afternoon. I'm here today with our Chief Executive Officer, Glen DeVos, and our new Chief Financial Officer, Christine Chambers. Following their prepared remarks, we will open the call to questions. Please note that some of the information you'll hear in today's discussion will include forward-looking statements including, but not limited to, expected near-term and future revenue, operating expenses and cash usage, strategic plans and execution, expectations regarding product deliveries and commercial growth, impact of cost reduction activities, product applications and use cases, market opportunities cash flow forecasts, liquidity and financing activities, availability of funds and access to capital, as well as statements containing words like believe, expect, plan, and other similar expressions. These statements are not guarantees of future performance. Actual results could materially differ from the future results implied or expressed in the forward-looking statements. We encourage you to review our SEC filings including our most recently filed Form 10-K and quarterly reports on Form 10-Q. These filings describe risk factors that could cause our actual results to differ materially from those implied or expressed in our forward-looking statements. All forward-looking statements are made as of the date of this call and except as required by law, we undertake no obligation to update this information. In addition, we will present certain financial measures on this call will be considered non-GAAP under the SEC's Regulation G. For reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure, as well as for all the financial data presented on this call, please refer to the information included in our press release and our Form 8K dated and submitted to the SEC today, both of which can be found on our corporate website at ir.microvision.com under the SEC Filings tab. This conference call will be available for audio replay on the investor relations section of our website at www.microvision.com. Now, I would like to turn the call over to Glen DeVos, our Chief Executive Officer. Glen?

speaker
Glen DeVos
Chief Executive Officer

Thank you, Jerem, and good afternoon, everyone. Welcome to Microvision's third quarter 2026 earnings call. Over the past several quarters, we have talked about the transformation underway at Microvision and our strategy to build a fundamentally different LIDAR company. Our goal was to broaden the portfolio to enable MicroVision to have the right solutions for our three primary end markets, industrial, security and defense, and automotive. Now, as we enter the final months of 2026, I can state with confidence that our strategy is working and Q3 was a very important quarter for us. that achieved significant progress across all areas of the business, the portfolio, commercial success, as well as the organization. Our progress in Q3 positions MicroVision for near and long-term revenue growth with an operating model that will drive positive cash flow. We'll first take a look at the financials, and then I will go into more detail about the key developments in the quarter that are delivering these results. Now, one of those key developments was the addition of Christine Chambers to our team as our Chief Financial Officer. And it's a pleasure to have her with us on the call today. So with that, I'm going to turn it over to Christine to go through the financials.

Disclaimer

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