Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 598

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 598
---
 $-  
    $(32) 
    $- 

    Foreign currency translation adjustments 
    $(210) 
    $184  
    $- 

    Unrealized (gain) loss on investment securities, available-for-sale 
    $-  
    $153  
    $(108)

The following table provides
a reconciliation of the cash, cash equivalents, and restricted cash balances as of December 31, 2024, 2023 and 2022: 

    2024  
    2023  
    2022 

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Cash and cash equivalents 
    $54,486  
    $45,167  
    $20,536 
  
    Restricted cash, current 
     261  
     3,263  
     - 
  
    Restricted cash, net of current portion 
     1,500  
     961  
     1,418 
  
    Cash, cash equivalents and restricted cash 
    $56,247  
    $49,391  
    $21,954 

The
accompanying notes are an integral part of these consolidated financial statements.

38

MicroVision,
Inc.

Notes
to Consolidated Financial Statements

1.
DESCRIPTION OF BUSINESS

MicroVision,
Inc. is committed to driving the global adoption of proprietary products, which leverage deterministic AI at the edge with the
Company’s innovative perception and application software running on diverse lidar sensors. The Company’s solutions
enable ADAS and autonomy features for customers in a wide range of industries including robotics, automated warehouse, agriculture,
mining, military, and automotive. The Company’s deterministic AI at the edge software running on sensors enables intelligent
autonomous, active safety, and automation systems which depend on secure, cost-effective and energy-efficient solutions. This
software has been developed in close collaboration with automotive customers and the Company is now rapidly expanding with it into
new industrial and commercial vehicle sectors.

With
engineering teams based in Redmond, Washington and Hamburg, Germany, the Company develops and supplies integrated solutions built on
the perception software stack, incorporating application software and processing data from differentiated sensor systems. The Company’s
extensive experience in developing and productizing core lidar hardware and software components, along with expertise in edge computing,
positions the Company as a valuable commercial partner capable of delivering high