Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 25

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 25
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 Executive Officer, Chief Financial Officer,
General Counsel and certain members of our Board of Directors.

On
March 13, 2023, pursuant to a subscription agreement dated as of March 13, 2023, we sold to our Chief Executive Officer 100,000 shares
of Common Stock, at $2.14 per share, for an aggregate purchase price of $0.2 million.

The
sales of our Common Stock described above were each undertaken in reliance upon an exemption from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2).

ITEM
6. RESERVED

ITEM
7.MANAGEMENT’S
                  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion of our financial condition and results of operations should be read in conjunction with our audited consolidated
financial statements and the related notes included in Part II, Item 8 of this Form 10-K. The following discussion focuses on the results
of our operations for the year ended December 31, 2024 compared to the year ended December 31, 2023. Similar discussion of the results
of our operations for the year ended December 31, 2023 compared to the year ended December 31, 2022 can be found in “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K
for the year ended December 31, 2023.

Overview

Currently,
our development and commercialization efforts are focused primarily on perception solutions for autonomy and mobility applications,
including industrial and automotive perception systems and advanced driver-assistance systems (ADAS), where we can deliver safe
mobility at the speed of life. Our integrated solution combines our perception software stack, lidar sensors utilizing our
MEMS-based and flash-based technologies, and custom application software targeted
for sale to industrial and automotive OEMs, automated warehouse operators, robotic developers, Tier 1 automotive suppliers, other industrial market players, and the military and defense technology companies.

23

Although
perception solutions, including industrial and automotive lidar, are our priority now, we have developed solutions for augmented reality (AR), interactive displays, and consumer lidars. In the recent past, our strategy had been to sell AR displays or components,
interactive displays, or consumer lidars to original equipment manufacturers (OEMs) and original design manufacturers