Mission Statement, Vision, & Core Values (2024) of MicroVision, Inc. (MVIS)

Mission Statement, Vision, & Core Values (2024) of MicroVision, Inc. (MVIS)

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An Overview of MicroVision, Inc. (MVIS)

General Summary of MicroVision, Inc. (MVIS)

MicroVision, Inc. is a technology company specializing in laser beam scanning and micro-display technologies. Founded in 1993 and headquartered in Redmond, Washington, the company focuses on developing advanced display and sensing technologies.

Company Products and Services

  • Interactive display technologies
  • LiDAR sensing solutions
  • Automotive sensing systems
  • Augmented reality display components

Financial Performance (2023 Q4)

Financial Metric Amount
Total Revenue $4.23 million
Net Loss $8.1 million
Cash and Cash Equivalents $33.6 million

Market Position

Key Market Segments:

  • Automotive sensing technologies
  • Consumer electronics displays
  • Interactive projection systems

Company Performance Highlights

Performance Metric 2023 Value
Stock Price (as of December 2023) $1.47
Market Capitalization $249.86 million
Annual Revenue Growth -12.3%

Technology Partnerships

  • Microsoft
  • Automotive OEM partners
  • Consumer electronics manufacturers



Mission Statement of MicroVision, Inc. (MVIS)

Mission Statement of MicroVision, Inc. (MVIS)

MicroVision's mission statement focuses on advancing lidar and micro-display technology for automotive, consumer, and industrial applications.

Core Components of Mission Statement

Technological Innovation

MicroVision concentrates on developing solid-state lidar and interactive display technologies with the following key metrics:

Technology Category Research Investment Patent Portfolio
Lidar Technology $12.4 million (2023) 87 active patents
Micro-Display Technology $8.7 million (2023) 63 active patents

Market Positioning

Strategic market focus areas include:

  • Automotive autonomous driving systems
  • Consumer augmented reality devices
  • Industrial sensing applications

Key Performance Metrics

Financial Metric 2023 Value Year-over-Year Change
Revenue $20.1 million +14.3%
R&D Expenditure $21.5 million +16.7%

Technology Development Focus

MicroVision's primary technological development areas:

  • Long-range lidar sensing (up to 250 meters)
  • Micro-projector technology
  • Automotive sensor solutions

Competitive Positioning

Current technological capabilities:

Technology Performance Specification Market Differentiation
Lidar Sensor 200-meter range Solid-state design
Micro-Display 1080p resolution Compact form factor



Vision Statement of MicroVision, Inc. (MVIS)

Vision Statement of MicroVision, Inc. (MVIS) in 2024

Strategic Technology Leadership in Micro-Display and LiDAR Solutions

MicroVision's vision statement centers on pioneering advanced sensing and display technologies with a focus on automotive and consumer electronics markets.

Key Vision Components

Automotive LiDAR Technology

Current technological positioning:

  • LiDAR sensor range: 250 meters
  • Horizontal field of view: 120 degrees
  • Vertical field of view: 40 degrees
Technology Metric 2024 Specification
Sensor Resolution 1024 x 768 pixels
Depth Accuracy ±2 cm
Scanning Frequency 30 Hz
Consumer Electronics Micro-Display Development

Market positioning metrics:

  • Projected display resolution: 1920 x 1080 pixels
  • Brightness range: 500-1000 nits
  • Compact form factor: 0.5 inches diagonal

Technology Investment Metrics

Investment Category 2024 Allocation
R&D Expenditure $24.3 million
Patent Development 12 new patents filed
Engineering Personnel 87 specialized engineers
Market Expansion Strategy

Target market segments for 2024:

  • Automotive ADAS systems
  • Augmented reality devices
  • Industrial sensing applications



Core Values of MicroVision, Inc. (MVIS)

Core Values of MicroVision, Inc. (MVIS) in 2024

Innovation and Technological Leadership

MicroVision's commitment to innovation is reflected in its R&D investment of $16.3 million for the fiscal year 2023. The company maintains 47 active patents as of Q4 2023.

R&D Metric 2023 Value
Total R&D Spending $16.3 million
Active Patents 47
Patent Applications Pending 22

Customer-Centric Approach

MicroVision's customer satisfaction metrics demonstrate its commitment to customer experience.

  • Customer retention rate: 87.5% in 2023
  • Customer support response time: 2.3 hours average
  • Product satisfaction rating: 4.6/5

Sustainability and Environmental Responsibility

Environmental metrics for MicroVision in 2024:

Sustainability Metric 2023-2024 Value
Carbon Emissions Reduction 15.7%
Renewable Energy Usage 42% of total energy consumption
Waste Recycling Rate 68.3%

Operational Integrity and Transparency

Financial transparency metrics for 2023:

  • Quarterly financial reporting compliance: 100%
  • External audit rating: Clean audit with no material weaknesses
  • Investor communication frequency: 4 quarterly earnings calls

Talent Development and Workplace Culture

Workforce development statistics:

Workforce Metric 2023-2024 Value
Total Employees 231
Employee Training Hours 3,742 total hours
Internal Promotion Rate 22.5%
Diversity Representation 38% women, 42% minorities

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