Microvision (MVIS) AI Stock Analysis

• Market Cap: $343.10M
• Dividend Yield: N/A
• Average Volume (3M): 7.03M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.24
• Revenue Growth: -71.30%
• EPS Growth: 17.62%
• Country: US
• Employees: 185
• Sector: Technology
• Sector Strength: 84
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.06
• Shares Outstanding: 300,964,870
• 10 Day Avg. Volume: 3,575,152
• 30 Day Avg. Volume: 7,027,503
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.73
• Enterprise Value/Revenue: 96.67
• Enterprise Value/Gross Profit: -73.88
• Enterprise Value/Ebitda: -3.69
• 1Y Price Target: $1.00
• Price Target Upside: -9.09% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: $1.00 ▼(-9.09% Downside)

Microvision's overall stock score reflects significant financial challenges and a concerning valuation, which are partially offset by strategic initiatives and positive corporate events. The technical analysis suggests mixed market sentiment, while the earnings call highlights potential future growth areas despite current revenue challenges.

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 technologies and products, including licensing agreements for its PicoP® technology. The company partners with original equipment manufacturers (OEMs) and system integrators to incorporate its scanning technology into their products, which provides a significant revenue stream. Additionally, Microvision may earn income from research and development contracts, grants, and collaborations with automotive and consumer electronics companies looking to integrate advanced display solutions. The establishment of strategic partnerships in emerging markets such as AR and automotive enhances its revenue potential and market reach.

Microvision Financial Statement Overview

Summary

Microvision's financial performance is severely challenged, with negative revenue growth, declining margins, and negative cash flows. The income statement, balance sheet, and cash flow analysis all indicate significant financial instability and operational inefficiencies.

Income Statement

Microvision's income statement shows significant challenges, with negative revenue growth and declining margins. The TTM data indicates a severe drop in revenue by 40.31% and a negative net profit margin of -34.71%, highlighting substantial losses. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 0.66, indicating manageable leverage. However, the return on equity is deeply negative at -146.46%, suggesting poor returns for shareholders. The equity ratio is not explicitly provided, but the overall financial health is concerning due to the negative equity returns.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, with a slight improvement in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash outflows exceed net income. The free cash flow to net income ratio is slightly above 1, suggesting that free cash flow is marginally covering net income losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.58M	4.70M	7.26M	664.00K	2.50M	3.09M
Gross Profit	-3.38M	-2.83M	4.49M	564.00K	2.50M	1.69M
EBITDA	-67.69M	-85.03M	-81.05M	-50.84M	-42.41M	-13.10M
Net Income	-89.68M	-96.92M	-82.84M	-53.09M	-43.20M	-13.63M
Balance Sheet
Total Assets	140.62M	121.16M	129.63M	115.00M	130.22M	21.01M
Cash, Cash Equivalents and Short-Term Investments	91.41M	74.70M	73.78M	82.71M	115.37M	16.86M
Total Debt	50.96M	51.64M	15.04M	15.70M	6.27M	3.11M
Total Liabilities	63.51M	72.39M	33.83M	25.25M	17.47M	12.00M
Stockholders Equity	77.10M	48.77M	95.80M	89.74M	112.75M	9.01M
Cash Flow
Free Cash Flow	-56.38M	-68.91M	-69.03M	-42.38M	-31.90M	-16.48M
Operating Cash Flow	-55.97M	-68.54M	-67.09M	-38.02M	-29.40M	-16.07M
Investing Cash Flow	12.85M	2.67M	21.82M	-38.07M	-35.32M	123.00K
Financing Cash Flow	90.00M	72.89M	72.44M	14.31M	131.16M	26.98M

Microvision Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.10
• 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 Negative. The current price of 1.1 is below the 20-day moving average (MA) of 1.11, below the 50-day MA of 1.18, and below the 200-day MA of 1.21, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 44.45 is Neutral, neither overbought nor oversold. The STOCH value of 57.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MVIS.

Microvision Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALNT	77 Outperform	$766.17M	52.70	5.15%	0.27%	-8.69%	-27.10%
Sector *	61 Neutral	$35.51B	8.11	-11.05%	1.89%	8.55%	-8.72%
OUST	58 Neutral	$1.62B	―	-46.96%	―	26.37%	38.13%
MVIS	49 Neutral	$343.10M	―	-115.11%	―	-71.30%	17.62%
BKSY	49 Neutral	$605.02M	―	-105.30%	―	-1.21%	-112.08%
KULR	48 Neutral	$193.21M	―	-24.65%	―	35.81%	55.13%
SATL	45 Neutral	$378.99M	―	-118.08%	―	―	―

Microvision Corporate Events

Microvision Appoints Glen DeVos as New CEO

On September 2, 2025, MicroVision’s Board of Directors announced the appointment of Glen W. DeVos as the new President and Chief Executive Officer, effective September 30, 2025. DeVos, who has extensive experience in the automotive and industrial technology sectors, will succeed Sumit Sharma, who will remain in his role until the transition is complete. This leadership change is expected to bolster MicroVision’s strategic focus on delivering advanced perception solutions in the autonomy and mobility sectors. Additionally, Simon Biddiscombe was appointed as Executive Vice Chair to support DeVos for a temporary period, further strengthening the company’s leadership team.

MicroVision Appoints Laura Peterson to Board of Directors

On July 22, 2025, MicroVision’s Board of Directors appointed Laura Peterson to the Board, succeeding Dr. Mark Spitzer, who resigned. Peterson, with extensive experience in robotics and aerospace, will chair the Nominating & Governance Committee and join the Compensation Committee. Her background includes leadership roles at Boeing and Palladyne AI, where she led strategic transformations. The appointment aligns with MicroVision’s strategic focus on autonomy and mobility, leveraging Peterson’s expertise in navigating industrial robotics and aerospace challenges. Dr. Spitzer’s departure was amicable, with no disagreements, and his contributions to the company’s transformation and technological advancements were acknowledged.

Microvision Approves 2025 Executive Bonus Plan and CEO Incentives

On June 2, 2025, MicroVision, Inc.’s Compensation Committee approved the 2025 Executive Bonus Plan to motivate and reward employees based on company and individual performance, and to encourage retention. The plan includes cash or equity-based bonuses, with equity awards subject to the company’s 2022 Equity Incentive Plan. On June 2, 2025, the committee also enhanced compensation for non-CEO executives, increasing short-term incentive opportunities and granting long-term equity awards. On June 6, 2025, the Board granted the CEO a significant long-term incentive equity award and approved his participation in the Bonus Plan.

Microvision Shareholders Approve Key Proposals at Annual Meeting

On June 6, 2025, MicroVision, Inc. held its annual meeting of shareholders where they approved several key proposals, including an increase in authorized shares of common stock to 510,000,000 and preferred stock to 25,000,000. Additionally, all seven nominees for the board of directors were elected, and amendments to the company’s equity incentive plan were approved. These decisions are expected to enhance the company’s operational capabilities and strategic positioning in the market.