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REDMOND, WA - MicroVision, Inc. (NASDAQ:MVIS), currently valued at $334 million with its shares trading at $1.11, announced Thursday that Glen W. DeVos will become its new Chief Executive Officer and join the company’s Board of Directors effective September 30, 2025. DeVos, who currently serves as MicroVision’s Chief Technology Officer, will replace Sumit Sharma, who will remain in the role until the transition date. According to InvestingPro data, the company maintains a healthy balance sheet with more cash than debt, though it faces profitability challenges.
DeVos brings over 30 years of automotive and industrial technology leadership experience, having previously served in various roles at Aptiv and its predecessor Delphi Automotive since 1992. His positions included Chief Technology Officer and President of Aptiv’s Advanced Safety and User Experience business unit. The appointment comes as MicroVision’s stock has shown mixed performance, with a 24% gain over the past year despite a 15% decline year-to-date.
"Glen’s work as our CTO has been impressive, solidly advancing our product roadmap," said Bob Carlile, Chair of MicroVision’s Board of Directors. "As the Company sharpens its strategic focus on delivering products and solutions to targeted industries, now is the right time for this leadership transition."
DeVos joined MicroVision as CTO in April 2025 and has been focused on accelerating the company’s engineering and operations teams toward productization of its perception technologies for autonomy and mobility applications.
"I am energized by this opportunity to lead the Company at this exciting time in the autonomy and mobility space," DeVos said in the press release.
Sharma, who has been with MicroVision for 10 years, stated: "It has been a privilege to lead the MicroVision team and be a part of the Company’s growth over the past 10 years."
MicroVision develops integrated lidar hardware and perception software solutions for various industrial applications including robotics, automated warehouses, and agriculture, as well as automotive advanced driver-assistance systems. InvestingPro analysis reveals the company faces near-term challenges with negative EBITDA of $46.28 million and weak gross profit margins, though it maintains a solid current ratio of 2.41. For deeper insights into MicroVision’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
In other recent news, MicroVision Inc. reported its second-quarter earnings for 2025, which presented a mixed picture for investors. The company announced an earnings per share (EPS) loss of $0.06, slightly better than the anticipated loss of $0.07. However, the revenue figures were notably below expectations, with the company generating $160,000 compared to the forecasted $5.5 million. This significant revenue shortfall has contributed to a cautious outlook among investors. Despite the EPS being marginally better than expected, the revenue miss has raised concerns. These recent developments have caught the attention of the market, highlighting the importance of revenue performance in investor assessments. The mixed results underscore the challenges the company faces in meeting market expectations.
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