Sep. 15 at 8:29 PM
$MVIS Regarding that "increased production" BS...This from the last 10K shows it was a whopping 1.8 million dollar commitment...lol...
"11. COMMITMENTS AND CONTINGENCIES
Purchase Commitments
During the quarter ended September 30, 2023, the Company entered into a
$9.3 million purchase commitment with a contract manufacturing partner for the production of MOVIA sensor inventory to support direct sales to both automotive and non-automotive customers. During the quarter ended December 31, 2024, the Company entered into an additional purchase commitment with the existing contract manufacturing partner of
$1.8 million. Remaining future minimum payments of approximately
$6.3 million are expected to be made by the Company through 2025 and 2026.
56"