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MicroVision Signs Strategic Partnership with LAKE FUSION
MicroVision announced a multi-year strategic partnership agreement with LAKE FUSION Technologies, a German developer of advanced sensor fusion and situational awareness systems. Under the agreement, LFT has committed to purchasing MicroVision IRIS long-range lidar sensors throughout 2027 and into 2028 for integration into its Awareness Systems, designed to enhance safety and obstacle detection for civil and military helicopter operations.
MicroVision Forms Strategic Alliance with Blue-Band
MicroVision announced an exclusive strategic alliance with Blue-Band to deliver a complete lidar-powered smart infrastructure solution to the intelligent transportation system market. As an important part of its commercial growth strategy, the alliance expands MicroVision's ITS capabilities and accelerates revenue generation by delivering scalable, cost-effective solutions for transportation agencies and infrastructure operators.
MicroVision's IRIS Lidar Sensor Selected by Overland AI
MicroVision announced that its IRIS long-range lidar sensor has been selected by Overland AI, a leader in autonomous ground systems for defense applications, for integration into its recently launched next-generation fully autonomous ground vehicle, IBEX. As a leading developer of autonomous ground capabilities built to perform in demanding mission environments, Overland AI's IBEX boasts a payload capacity of 2,000 pounds and can drive at speeds over 35 mph in full autonomy. Overland AI is the first ground autonomy company to prime a production contract for the U.S. military.
S&P 500 Ends Three-Day Gain as 10-Year Treasury Yield Hits New High
S&P 500 broke a string of three consecutive gaining sessions, backing away from yesterday's record highs. Investors took greater caution as the yield on the 10-year Treasury note hit a fresh 24-year high of 5.36% before relatively strong demand in today's 10-year auction drove that rate back down to 5.28%, driving some relief into the equity space.Healthcare was the best-performing sector in the S&P 500 on Wednesday while Basic Materials and Industrials were the two worst areas of the market. Precious metals stocks were also weighed down by multi-week lows in Gold and Silver prices. Tech was mixed again, with profit-taking among some of the biggest cybersecurity names that had seen record highs overnight, as Palo Alto Networksfell 3% and CrowdStrikefell 5% . Computer hardware names were generally higher however, paced by 4% gains in Everpure. Also of note, Micronrebounded to post 4% gains after opening the day 3% lower due to labor action in Taiwan.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Applied Digitalup 4.1%Richardson Electronicsup 1.8%ALSO HIGHER -Wolfspeedup 20.8% after announcing a $1.5B 30-year loan from Department of WarvTv Therapeuticsup 5.5% after securing Orphan Drug Designation for HPPDLattice Semiconductorup 2.0% after announcing Arm collaboration on AI data center infrastructureDOWN AFTER EARNINGS -Resources Connectiondown 12.6%Levi Straussdown 1.6%ALSO LOWER -MicroVision.down 7.2% after FY26 outlookONE Gasdown 1.4% after downgrade to Hold at JefferiesCostco Wholesaledown 0.3% after September SSS data
MicroVision Reaffirms 2026 Revenue Guidance of $10M to $15M
The company said, "MicroVision reaffirms full year 2026 revenue guidance of $10 million to $15 million and projects revenue to double in 2027 as a result of its commercial strategy and growing pipeline across industrial, security and defense, intelligent infrastructure, and other key markets. At the same time, the company is strategically aligning operating expenses and capital allocation behind the commercial opportunities it believes offer the strongest potential returns, which is expected to generate meaningful cost savings and a significant reduction in cash burn in 2027 compared with 2026."
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