the Lindsey. Good landing made Interactive agreements quarter, afternoon, we contract you, and Thank customer. and everyone. moved Tier-X the In to stage progress next Display-only second for in the significant with products, Display the of April our XXXX customers
the solutions. products, First, let’s and take Display look Interactive a our IoT at Display-only
expected receive As design we the reported we to on a product our notice from win April, for of our second our in Display-only in last call quarter. licensee
indicated modules We could for that anticipated thereafter. win Display a Interactive also our design shortly follow that we
for asked customer countries X were laser laser product. Because discussions during different QX larger over product Positive could led a have feedback potentially sales different increased we if time. further and we requirements, product support launches to Class
Class both volumes. much and providing for X and X to While globally easier Class safe sell product enable are makes it a consumers, larger the product Class XR
of a short module any the of support X we brightness. believed a to activity in our last could provide Fortunately, because time, year, in Class over amount engineering products we decrease without
excited believe XX to XX production. to of demonstrate higher and enabling During Class facing. million for well X units we in now for months could are are is that at is the of laser multiple we to excess our It perhaps XX our a MicroVision Class X shipping that X module to customers roll-out prospects during able with million customers, the opportunity an the X belief scale provide units laser customers. sell support a products first the larger were can our quarter, product a We we to very likelihood
quarter. one Consequently, first considerations, quarter expect and product revenue starting a X Class QX later. potential products products Display-only launch to mid-XXXX, Interactive the Display and The likely move we profitability, in and in us could for with mix volumes of now about to on resulted XXXX delays in decision depending
Let under the required contract $XX of the We cash invoiced payment portion me contract. the our April under the all We bringing XXXX development the to amounts discuss final completed now received have million. month, contract this work $X.X received and development million the owed. of total
shipping have production phase relationship with and month will of shifted new our this to parts. a We customer, this begin
this We customer $X the million sales expect in will of generate to million through to between product balance shipments $X XXXX.
insight see our in could further and market, to we XXXX. will customer product on expect launches the revenue guidance into provide gain what we As their to expect
a This the customer. mark a meeting execute Tier schedule a X performance, leader, expectations major our MicroVision’s high-water program with program technology global quality, to of cost in represents and ability
the to us. also portion to over this came work that ahead had XXXX contract it I a clear want our make April that for aware we were as of you we development of became staffed close,
majority the – quarter, of contemplated part we a affected. but latter engineering the XX%. the completed of reduction reductions, the teams in second areas headcount also in of were reduction saw a During The we approximately SG&A
million of reductions, we other $X incurred in and result expense below these decrease expect million in from reductions, to QX expense the QX. a our As operating $X.X
continue the platform the shipped. and product are we drive interest we is engage to Now, a using opportunities, could our looking moving cost-effective customer LiDAR There volume who successful lead have to customer and needed with strong launch. to achieve that kits the our are explorer Consumer customers we for
suppliers space. look file LiDAR intellectual in property vertical, this area. we develop and is partners team this our automotive to as continuing at patents to meetings positive continue we The have and customers, Finally, with in
help We products the for to us to with required continue bring a investment partner look to lead to market.
that world. the design now me could my Let We to wrap-up would comments MicroVision. close to believe we products nearly that that ago all transform are two out reiterating by introductory very we shipped wins enable set be years over
that for and successes the Tier others, agreement a production to development challenging X program. customer, and phase These moving are reflect the large a company. transformation completed have and We of of the
turn to business. will side who call of Steve, over our now I'll our discuss the financial CFO, the
