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Microvision (MVIS)
NASDAQ:MVIS
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Microvision
(NASDAQ:MVIS)
41Neutral
Microvision (MVIS) vs. S&P 500 (SPY)
Market Cap
$286.65M
Dividend YieldN/A
Average Volume (3M)3.59M
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue Growth-41.76%
EPS Growth5.56%
CountryUS
Employees185
SectorTechnology
Sector Strength77
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.12
Shares Outstanding249,261,550
10 Day Avg. Volume3,979,790
30 Day Avg. Volume3,585,464
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)5.40
Price to Sales (P/S)0.00
P/FCF Ratio-4.28
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue9.98
Enterprise Value/Gross Profit-45.61
Enterprise Value/Ebitda-0.88
Forecast
1Y Price Target
$3.00Price Target Upside170.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Microvision Business Overview & Revenue Model
Company DescriptionMicroVision, 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 MoneyMicroVision generates revenue through the sale and licensing of its patented laser scanning technology and related components. The company partners with original equipment manufacturers (OEMs) and other technology companies to integrate its PicoP® scanning technology into various applications, such as automotive HUDs and consumer electronics. Additionally, MicroVision earns income from licensing agreements, where it permits other companies to use its proprietary technology, and from development contracts where it collaborates on custom solutions. Significant factors contributing to its earnings include strategic partnerships in the automotive sector and advancements in augmented reality applications.
Microvision Financial Statement Overview
Summary
Microvision's financial performance is weak, with negative margins and substantial operational challenges. While the balance sheet shows some stability, high leverage and negative cash flows pose significant risks. Strategic improvements are necessary for financial health.Income Statement
Microvision's financial performance is weak with declining revenues and negative margins. The company reported a significant net loss in TTM (Trailing-Twelve-Months) at -$96.9M, with negative gross and net profit margins. Revenue growth remains negative, indicating challenges in achieving sales expansion. The EBIT and EBITDA margins are also deeply negative, reflecting substantial operational challenges.35
Negative
Balance Sheet
The balance sheet shows some stability with a reasonable level of cash and equivalents ($74.7M) relative to total assets. However, the debt-to-equity ratio is elevated at 0.88, suggesting higher leverage risks. Stockholders' equity has declined, impacting the equity ratio which stands at 40.26%. Return on equity is negative due to continuing losses, indicating inefficiencies in using shareholder capital.50
Neutral
Cash Flow
Cash flow analysis indicates liquidity concerns, with negative free cash flow growth and a high operating cash flow to net income ratio due to substantial operating losses. The company is heavily reliant on financing activities to support operations, raising concerns about sustainability without a clear path to positive cash flows.40
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 4.70M | 7.26M | 664.00K | 2.50M | 3.09M | Gross Profit |
| -2.83M | 4.49M | 564.00K | 2.50M | 1.69M | EBIT |
| -85.52M | -88.88M | -53.89M | -43.87M | -14.06M | EBITDA |
| -85.03M | -81.05M | -50.84M | -42.41M | -13.10M | Net Income Common Stockholders |
| -96.92M | -82.84M | -52.29M | -41.04M | -12.22M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 74.70M | 73.78M | 82.71M | 115.37M | 16.86M | Total Assets |
| 121.16M | 129.63M | 115.00M | 130.22M | 21.01M | Total Debt |
| 51.64M | 15.04M | 15.70M | 6.27M | 3.11M | Net Debt |
| -2.85M | -30.13M | -4.84M | -76.38M | -13.76M | Total Liabilities |
| 72.39M | 33.83M | 25.25M | 17.47M | 12.00M | Stockholders Equity |
| 48.77M | 95.80M | 89.74M | 112.75M | 9.01M |
| Cash Flow | Free Cash Flow | |||
| -68.91M | -69.03M | -42.38M | -31.90M | -16.48M | Operating Cash Flow |
| -68.54M | -67.09M | -38.02M | -29.40M | -16.07M | Investing Cash Flow |
| 2.67M | 21.82M | -38.07M | -35.32M | 123.00K | Financing Cash Flow |
| 72.89M | 72.44M | 14.31M | 131.16M | 26.98M |
Microvision Technical Analysis
Negative
1.11
Price Trends
1.20
Negative
1.31
Negative
1.16
Negative
Market Momentum
-0.02
Negative
45.65
Neutral
43.83
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 1.11 is below the 20-day moving average (MA) of 1.14, below the 50-day MA of 1.20, and below the 200-day MA of 1.16, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.65 is Neutral, neither overbought nor oversold. The STOCH value of 43.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MVIS.
Microvision Risk Analysis
Microvision disclosed 28 risk factors in its most recent earnings report. Microvision reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Microvision Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $539.52M | 54.47 | 3.64% | 0.37% | -10.99% | -61.37% | |
60 Neutral | $11.59B | 10.34 | -7.15% | 2.94% | 7.49% | -10.88% | |
56 Neutral | $372.55M | ― | -63.35% | ― | 8.04% | 5.52% | |
54 Neutral | $588.52M | ― | -56.81% | ― | 28.04% | 64.81% | |
52 Neutral | $376.07M | ― | -67.89% | ― | 16.47% | 27.19% | |
45 Neutral | $410.71M | ― | -118.08% | ― | ― | ― | |
41 Neutral | $286.65M | ― | -135.21% | ― | -41.76% | 5.56% |
* Technology Sector Average
Performance Comparison
MVIS
Microvision
1.11
-0.01
-0.89%
ALNT
Allient
31.84
2.85
9.83%
KULR
KULR Technology Group
1.23
0.83
207.50%
BKSY
BlackSky Technology
11.78
10.62
915.52%
OUST
Ouster
10.28
-2.10
-16.96%
SATL
Satellogic
4.04
2.58
176.71%
Microvision Earnings Call Summary
Earnings Call Date:May 12, 2025
(Q1-2025)
| % Change Since: -8.26%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a challenging yet cautiously optimistic outlook for MicroVision. While the company is making strategic moves in industrial and defense markets, slow progress in the automotive sector and ongoing financial viability concerns pose significant challenges.Q1-2025 Updates
Positive Updates
Engagement in Multiple Verticals
MicroVision is actively engaged in automotive, industrial, and defense markets, with a focus on near-term revenue from industrial and defense sectors.
Strong Financial Position
The company raised capital in the first quarter, extending its cash runway into 2026, with $69 million in cash and cash equivalents.
Cost Management
Significant reduction in R&D and SG&A expenses by 45% year-over-year, with ongoing efforts to sustain current expense levels.
Industrial Market Progress
The company has secured production capacity with ZF in France to meet anticipated demand in the industrial sector, with expectations of $30 million to $50 million in revenue over the next 12 to 18 months.
Defense Market Expansion
Establishment of a Defense Advisory Board to explore opportunities in the defense sector, leveraging existing technology for potential partnerships.
Negative Updates
Slow Progress in Automotive Sector
Engagement in seven RFQs with automotive OEMs has been slow, with no substantial projects expected to be awarded in the near future.
Challenges with Customer Confidence
Concerns about the company's balance sheet and financial viability have hindered the ability to secure large automotive contracts.
Revenue Challenges
First-quarter revenue was only $0.6 million, primarily from industrial sales, highlighting challenges in scaling revenue quickly.
Competitive Market Landscape
Facing competition from other LiDAR companies with more substantial capital, impacting the ability to secure deals despite having competitive technology.
Company Guidance
During the MicroVision First Quarter 2025 Financial and Operating Results Conference Call, the company provided guidance on multiple aspects of its business strategy and financial outlook. The CEO, Sumit Sharma, highlighted the company's engagement in seven RFQs in the automotive market, though acknowledging delays in advanced ADAS rollouts due to global supply chain issues. The company is expanding its focus on industrial markets, emphasizing the potential for revenue from their Movia L sensors and software solutions. The CFO, Anubhav Verma, noted that the company secured a production commitment with ZF in France, which positions them well against global tariffs. The defense sector is a new area of expansion, with the establishment of a Defense Advisory Board to explore partnerships and opportunities. Financially, MicroVision reported Q1 revenues of $0.6 million, primarily from industrial sales, with a cash runway extending into 2026 after recent capital raises. The company targets $30 million to $50 million in revenue over the next 12 to 18 months, driven mainly by industrial engagements, while remaining cautiously optimistic about defense contributions.Microvision Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Microvision Secures $75M for Lidar Market Expansion
Positive
Oct 15, 2024
MicroVision, Inc. has bolstered its financial footing by securing a $75 million capital commitment through a two-year senior secured convertible note agreement with High Trail Capital. This move positions the company to explore new revenue opportunities in 2025 with its integrated lidar and software solutions, targeting heavy equipment and automotive markets. The deal, characterized by flexible conversion terms and attractive financing conditions, enhances MicroVision’s competitive stance in the U.S. and European lidar sectors, paving the way for future growth and shareholder value.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.