Microvision (MVIS) AI Stock Analysis

• Market Cap: $287.53M
• Dividend Yield: N/A
• Average Volume (3M): 6.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• Revenue Growth: -67.66%
• EPS Growth: 13.39%
• Country: US
• Employees: 185
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.05
• Shares Outstanding: 305,397,280
• 10 Day Avg. Volume: 6,934,493
• 30 Day Avg. Volume: 6,059,553
• PEG Ratio: -1.27
• Price to Book (P/B): 5.63
• Price to Sales (P/S): 58.45
• P/FCF Ratio: -3.98
• Enterprise Value/Market Cap: 0.87
• Enterprise Value/Revenue: 94.80
• Enterprise Value/Gross Profit: -46.45
• Enterprise Value/Ebitda: -4.29
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: $1.00 ▲(6.38% Upside)

Microvision's overall stock score is primarily influenced by its weak financial performance, which is the most significant factor. Technical analysis and valuation also contribute negatively, with bearish indicators and a negative P/E ratio. The earnings call provides some optimism with strategic initiatives, but low current revenues and increased spending temper this outlook.

Positive Factors

Strategic Acquisition

The acquisition of Scantinel Photonics provides MicroVision with advanced lidar technology, strengthening its product portfolio and competitive position in the automotive and industrial sectors.

Product Innovation

The launch of MOVIA S demonstrates MicroVision's commitment to innovation, offering cost-effective lidar solutions that enhance its market appeal in automotive and defense sectors.

Financial Position

A strong cash position provides MicroVision with the financial flexibility to invest in strategic initiatives and sustain operations, supporting long-term growth.

Negative Factors

Delayed Revenue Realization

Delays in revenue realization can hinder cash flow and limit the company's ability to fund future growth, posing a challenge to achieving financial targets.

Low Current Revenue

Persistently low revenue levels indicate challenges in market penetration and sales execution, affecting the company's ability to scale and achieve profitability.

Increased Spending

Rising operational expenses could pressure cash reserves and profitability, necessitating careful cost management to ensure sustainable growth.

Microvision Business Overview & Revenue Model

Company Description

MicroVision, Inc. develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems. In addition, it provides PicoP, a scanning technology that creates full color, high-contrast, and uniform image over the entire field-of-view from a small and thin module. Further, the company develops 1st generation long range lidar. The company sells its products primarily to original equipment manufacturers and original design manufacturers. MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.

How the Company Makes Money

Microvision generates revenue primarily through the sale of its proprietary display and sensing technology, particularly the PicoP platform, which can be integrated into various devices including smartphones, wearables, and automotive systems. The company also engages in strategic partnerships and collaborations with other technology firms and manufacturers, leveraging these relationships to expand its market reach and enhance product offerings. Additionally, Microvision may receive licensing fees and royalties from companies that utilize its technology in their products. Overall, the revenue model is focused on both direct sales and ongoing partnerships that facilitate the adoption of its technologies across different markets.

Microvision Financial Statement Overview

Summary

Microvision's financial performance is weak, with significant challenges in profitability and growth. The income statement shows negative net profit margins and minimal revenue growth. The balance sheet indicates moderate leverage but negative returns on equity. Cash flow remains negative, despite slight improvements.

Income Statement

Microvision's income statement reveals significant challenges. The company has consistently reported negative net profit margins, with the TTM showing a net profit margin of -34.71%. Revenue growth is minimal at 1.97% TTM, indicating stagnation. The gross profit margin is negative, reflecting cost inefficiencies. Overall, the company struggles with profitability and growth.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.66 TTM, which is an improvement from previous years, indicating better leverage management. However, the return on equity remains negative, highlighting ongoing profitability issues. The equity ratio is not explicitly calculated, but the company's equity position appears stable relative to its assets.

Cash Flow

Cash flow analysis indicates persistent negative operating and free cash flows, with a slight improvement in free cash flow growth at 4.50% TTM. The operating cash flow to net income ratio is negative, suggesting operational inefficiencies. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow covers net losses, but overall cash flow health is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.63M	4.70M	7.26M	664.00K	2.50M	3.09M
Gross Profit	-5.38M	-2.83M	4.49M	564.00K	2.50M	1.69M
EBITDA	-58.28M	-70.98M	-83.07M	-53.15M	-42.92M	-13.57M
Net Income	-88.38M	-96.92M	-82.84M	-53.09M	-43.20M	-13.63M
Balance Sheet
Total Assets	150.82M	121.16M	129.63M	115.00M	130.22M	21.01M
Cash, Cash Equivalents and Short-Term Investments	99.51M	74.70M	73.78M	82.71M	115.37M	16.86M
Total Debt	46.60M	51.64M	15.04M	15.70M	6.27M	3.81M
Total Liabilities	60.10M	72.39M	33.83M	25.25M	17.47M	12.00M
Stockholders Equity	90.72M	48.77M	95.80M	89.74M	112.75M	9.01M
Cash Flow
Free Cash Flow	-58.91M	-68.91M	-69.03M	-42.38M	-31.90M	-16.48M
Operating Cash Flow	-58.37M	-68.54M	-67.09M	-38.02M	-29.40M	-16.07M
Investing Cash Flow	-123.00K	2.67M	21.82M	-38.07M	-35.32M	123.00K
Financing Cash Flow	114.49M	72.89M	72.44M	14.31M	131.16M	26.98M

Microvision Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.94
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MVIS, the sentiment is Neutral. The current price of 0.94 is above the 20-day moving average (MA) of 0.92, below the 50-day MA of 1.04, and below the 200-day MA of 1.16, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 48.43 is Neutral, neither overbought nor oversold. The STOCH value of 35.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MVIS.

Microvision Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RELL	61 Neutral	$154.17M	499.54	0.11%	2.22%	6.17%	―
VPG	60 Neutral	$514.70M	65.21	2.37%	―	-7.46%	-39.98%
LPTH	53 Neutral	$407.06M	-19.91	-37.93%	―	36.85%	-77.93%
MEI	50 Neutral	$241.13M	-3.85	-8.87%	5.93%	-9.51%	29.57%
KOPN	48 Neutral	$438.10M	-64.00	-27.91%	―	3.02%	90.87%
MVIS	44 Neutral	$287.53M	-2.56	-112.89%	―	-67.66%	13.39%

Microvision Corporate Events

Microvision Announces CFO Resignation and Interim Appointment

On November 17, 2025, MicroVision, Inc. announced the resignation of its Chief Financial Officer, Anubhav Verma, effective no later than December 31, 2025. The resignation was not due to any disagreements with the company. Stephen Hrynewich, currently the Vice President of Global Finance & Operations, has been appointed as the Interim CFO and principal financial officer, effective on the same date. The company has started a search for a permanent CFO.