MicroVision's Lidar Leap Forward, But What Does It Mean for the Industry?
MicroVision's latest financial results show a significant jump in gross margin from 7% to 39%, driven by its acquisition of Luminar lidar assets for $33. 2 million. Revenue growth has surged 50% year over year.
A Tipping Point for Automotive Lidar The automotive sector had been hesitant to adopt lidar technology due to concerns over cost and reliability.