Earnings Call Insights: MicroVision (MVIS) Q1 2026 Management View "Over the first quarter, we made significant progress integrating these technologies, teams, operations and customer relationships acquired through Luminar and Scantinel." (CEO & Director Glen DeVos) "What we have today is one MicroVision organization." "We have successfully restarted key Luminar commercial programs." (CEO & Direct...
Earnings Call Insights: MicroVision (MVIS) Q1 2026 Management View "Over the first quarter, we made significant progress integrating these technologies, teams, operations and customer relationships acquired through Luminar and Scantinel." (CEO & Director Glen DeVos) "What we have today is one MicroVision organization." "We have successfully restarted key Luminar commercial programs." (CEO & Director DeVos) "We resumed shipments across multiple customer engagements, continue receiving repeat orders from existing customers and expanded work with prospective customers across industrial, security and defense and automotive applications, our 3 key end markets." "Customer feedback of our MOVIA S has been incredibly positive, and we are on schedule for a planned production launch later this year." (CEO & Director DeVos) "We have just announced our collaboration with Avular on a fully integrated payload to further expand our capability and access to markets for drones." (CEO & Director DeVos) "No, it's not an exclusive arrangement." (CEO & Director DeVos) "Third, we closed on a $43 million financing deal in February" and "a portion of the funds raised used to repay the $19.5 million of outstanding principal balance and interest on a previous note." (Interim Chief Financial Officer Stephen Hrynewich) "The company has the flexibility to pay the new notes in cash or common stock." Outlook "In terms of revenue, we are maintaining our projection of $10 million to $15 million." (Interim Chief Financial Officer Hrynewich) "As mentioned on our last call, we expect most of our revenue to come in the second half of the year." "Regarding cash burn from operations plus CapEx, we are improving our guidance to approximately $60 million for the year from our previous guidance of $65 million to $70 million as we are seeing the benefits of our integration activities and synergy cost reduction actions." (Interim Chief Financial Officer Hrynewich) "And finally, we are elevating our gross marg...
(RTTNews) - German stocks moved higher on Thursday with investors focusing on the two-day summit in Beijing where U.S. President Donald Trump and Chinese President Xi Jinping are set to discuss various issues, including trade, security and try to strengthen economic cooperation.
(RTTNews) - German stocks moved higher on Thursday with investors focusing on the two-day summit in Beijing where U.S. President Donald Trump and Chinese President Xi Jinping are set to discuss various issues, including trade, security and try to strengthen economic cooperation.
The yuan recorded its longest stretch of gains against the dollar in nearly a decade in offshore trading, following positive signs from the first day of a key US-China summit. The freely-traded offshore yuan advanced as much as 0.1% to 6.7816 per dollar Thursday, marking its strongest level since February 2023. It has gained for 11 sessions. The Chinese currency also rose for an eighth consecutive...
The yuan recorded its longest stretch of gains against the dollar in nearly a decade in offshore trading, following positive signs from the first day of a key US-China summit. The freely-traded offshore yuan advanced as much as 0.1% to 6.7816 per dollar Thursday, marking its strongest level since February 2023. It has gained for 11 sessions. The Chinese currency also rose for an eighth consecutive day onshore, where its daily movement is confined to a 2% trading band around a reference rate. The yuan’s extended appreciation came after President Donald Trump and his Chinese counterpart Xi Jinping held a closely-watched meeting in Beijing, with the US leader predicting a “fantastic” future for the two nations. Meanwhile, Xi signaled China is moving toward greater openness during his meeting with visiting US business leaders. Xi’s latest pledge to further open up the world’s second-largest economy may strengthen the yuan’s appeal as an international currency, according to Elias Haddad , global head of markets strategy at Brown Brothers Harriman & Co. “International usage of the yuan is very low compared to China’s share of world GDP and world trade, implying potential for usage increase,” said Haddad. “We will continue to be long-term bulls on CNH, reflecting its internationalization potential and China’s internal rebalancing story.” Deutsche Bank AG also turned more bullish on the Chinese currency, lifting its yuan forecast to 6.55 per dollar from 6.7 by the end of 2026. “History and our analysis suggest that a surge in China’s imports of upstream products will likely be followed by a further pickup in export orders, or a recovery of domestic demand, or both,” the bank’s economists led by Yi Xiong wrote in a note.
Russia unleashed the largest aerial attack on Ukraine over a two-day period since the war began, pounding the capital Kyiv and other cities across the country with hundreds of drones, Ukrainian officials said on Thursday. President Volodymyr Zelensky said that Russia had launched more than 1,560 drones since the start of Wednesday. Overnight on Thursday, Moscow fired more than 670 attack drones a...
Russia unleashed the largest aerial attack on Ukraine over a two-day period since the war began, pounding the capital Kyiv and other cities across the country with hundreds of drones, Ukrainian officials said on Thursday. President Volodymyr Zelensky said that Russia had launched more than 1,560 drones since the start of Wednesday. Overnight on Thursday, Moscow fired more than 670 attack drones and 56 missiles against Ukraine, he said. Air defence units shot down 41 missiles and 652 drones...
Shares of New World Development (NWD) – the beleaguered property developer owned by one of Hong Kong’s richest families – fell on Thursday, after the firm acknowledged it had made no progress on plans to dispose of a mega shopping centre project and introduce new investors. The stock tumbled by as much as 4.7 per cent in Hong Kong, before paring some of the losses to close 4.3 per cent lower at HK...
Shares of New World Development (NWD) – the beleaguered property developer owned by one of Hong Kong’s richest families – fell on Thursday, after the firm acknowledged it had made no progress on plans to dispose of a mega shopping centre project and introduce new investors. The stock tumbled by as much as 4.7 per cent in Hong Kong, before paring some of the losses to close 4.3 per cent lower at HK$8.95. The Hang Seng Index remained largely unchanged for the day. NWD was still in talks with Hong...
PPL (NYSE:PPL) reported higher first-quarter earnings and reaffirmed its 2026 and long-term financial targets, while executives highlighted regulatory developments, data center-driven load growth and potential generation investments across the company’s service territories. Pres
PPL (NYSE:PPL) reported higher first-quarter earnings and reaffirmed its 2026 and long-term financial targets, while executives highlighted regulatory developments, data center-driven load growth and potential generation investments across the company’s service territories. Pres
A state-owned company that holds a monopoly on the purchase of hand-dug cobalt in Democratic Republic of Congo is seeking to form additional partnerships with industrial producers to control illegal mining on their sites, the head of the group said in an interview. So-called artisanal diggers who illegally enter mining sites have been a persistent risk for the country’s big copper and cobalt miner...
A state-owned company that holds a monopoly on the purchase of hand-dug cobalt in Democratic Republic of Congo is seeking to form additional partnerships with industrial producers to control illegal mining on their sites, the head of the group said in an interview. So-called artisanal diggers who illegally enter mining sites have been a persistent risk for the country’s big copper and cobalt miners, including CMOC Group Ltd. and Glencore Plc. Hundreds of thousands of Congolese work in the industry, often under dangerous conditions, and the sheer number of diggers has made it difficult for the government and mining companies to protect their sites. To tackle the problem, Congo’s Entreprise Generale du Cobalt is seeking to designate small areas of land on miners’ concessions for development by cooperatives of independent diggers, in partnership with the companies holding the permits, Chief Executive Officer Eric Kalala said Wednesday. “It’s one of the social solutions that we’ve offered to the industrials: To work with us to reduce the pressure,” Kalala told Bloomberg in an interview at the Cobalt Institute’s annual congress in Madrid. EGC would designate “squares” of land for artisanal use without changing the permit’s legal status, he said. Formalizing the interplay between artisanal and industrial mining has been a struggle up to now, partly because miners have been reluctant to give up any of their valuable concessions, or open themselves up to legal liability. EGC is hoping to mitigate those concerns through new regulations released last year allowing it to enter into partnerships with mining companies to address the artisanal issue. EGC signed its first deal in February with Eurasian Resources Group, which owns multiple copper and cobalt projects in the country, where the two minerals are often found together. EGC and ERG are still identifying sites for the project, Kalala said. EGC is also talking with US company Virtus Minerals Inc. to implement a similar plan...
Key PointsThe Michigan Consumer Sentiment Index fell to 48.2 in May, the lowest reading in history, as consumers worried over high gas prices and tariffs.
Key PointsThe Michigan Consumer Sentiment Index fell to 48.2 in May, the lowest reading in history, as consumers worried over high gas prices and tariffs.