Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 254

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2
Chunk 254
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 Liability.

In
consideration of the above, the Company has total liquidity of $226.1 million. Pursuant to terms of the Note, we will maintain minimum
cash liquidity of $30.0 million for the duration of the Note term, subject to decreases beginning on May 1, 2025. Based on our current
operating plan, we anticipate that we have sufficient cash and cash equivalents to fund our operations for at least the next 12 months.

Operating
activities

Cash
used in operating activities totaled $68.5 million during 2024, compared to $67.1 million in 2023. During the years ended December
31, 2024 and 2023, we made payments of $1.9 million and $3.1 million, respectively, to our contract manufacturing partner in
connection with the buildup of MOVIA sensor inventory for direct sales to both automotive and non-automotive customers. Moreover, we
expect to make additional minimum payments to this partner totaling approximately $6.3 million during 2025 and 2026 in line with
agreed-upon deliveries.

Investing
activities

During
the year ended December 31, 2024, cash provided by investing activities was $2.7 million compared to $21.8 million during the same
period in 2023. During the year ended December 31, 2024, we purchased short-term investment securities totaling $26.1 million and
sold short-term investment securities totaling $35.4 million, compared to purchases of $41.7 million and sales of $76.7 million in
the same period of 2023. During the year ended December 31, 2024, we purchased property and equipment totaling $0.4 million compared
to $2.0 million in the same period in 2023. During the year ended December 31, 2024, we made payments totaling $6.3 million related
to the acquisition of Ibeo assets compared to $11.2 million in the same period in 2023.

28

Financing
activities

Net
cash provided by financing activities totaled $72.9 million during the year ended December 31, 2024, compared to $72.4 million during
the same period of 2023. Proceeds received from stock option exercises totaled $0.1 million during the year ended December 31, 2024,
compared to $0.3 million during the