Microvision (MVIS)
NASDAQ:MVIS
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Microvision
(NASDAQ:MVIS)
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Rating:44Neutral
Price Target:
$0.35
▼(-63.37% Downside)
Action:Reiterated
Date:06/03/26
MVIS scores low primarily due to very weak financial performance (minimal revenue, heavy losses, and sustained free-cash-flow burn with rising leverage). Technicals add pressure given a clear downtrend (price below key moving averages, negative MACD) despite oversold readings. The earnings call provides some support via improved gross-margin and cash-burn guidance, but near-term revenue scale and funding/dilution risk remain major constraints.
Positive Factors
Gross margin improvement
A materially higher gross margin and raised guidance signal improved unit economics from product mix, acquired inventory synergies and early production improvements. If sustained as volumes scale, this underpins path to operating leverage and durable margin expansion independent of short-term sales swings.
Negative Factors
Sustained negative cash flow
Persistent large operating and free cash outflows imply ongoing financing needs and constrain runway. Even with improved guidance, multi‑quarter negative cash flow reduces financial optionality, raises refinancing or dilution risk, and limits ability to invest in volume ramp without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross margin improvement
A materially higher gross margin and raised guidance signal improved unit economics from product mix, acquired inventory synergies and early production improvements. If sustained as volumes scale, this underpins path to operating leverage and durable margin expansion independent of short-term sales swings.
Read all positive factors
Microvision (MVIS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$121.57M
Dividend YieldN/A
Average Volume (3M)6.06M
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth-64.10%
EPS Growth31.45%
CountryUS
Employees185
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.31
Shares Outstanding331,615,300
10 Day Avg. Volume6,934,493
30 Day Avg. Volume6,059,553
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)4.07
Price to Sales (P/S)187.24
P/FCF Ratio-3.81
Enterprise Value/Market Cap1.71
Enterprise Value/Revenue134.16
Enterprise Value/Gross Profit-10.03
Enterprise Value/Ebitda-3.02
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.2
Revenue Forecast (FY)$10.20M
Microvision Business Overview & Revenue Model
Company Description
MicroVision, Inc. specializes in advanced sensing solutions, primarily developing lidar sensors crucial for automotive safety and the advancement of autonomous driving systems. These lidar units leverage a sophisticated laser beam scanning (LBS) t...
How the Company Makes Money
MicroVision primarily aims to generate revenue by selling lidar products and associated perception software to automotive customers, typically through development-to-production arrangements where a customer engages the company for evaluation, inte...
Microvision Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Neutral
The call conveyed meaningful operational progress: completed strategic acquisitions, rapid integration, an expanded product portfolio and demonstrable commercial activity that produced early revenue growth and a large improvement in gross margin (39% in Q1 vs 7% prior year). Management improved cash‑burn guidance and outlined product and commercial milestones (MOVIA S production launch, Tri‑Lidar demos, Avular drone collaboration) and a larger pipeline (~100+ prospects). However, near-term revenue is still small ($0.9M) and driven largely by acquired Luminar inventory (75% of Q1 sales), cash burn remains sizeable (~$16.6M in Q1 and ~ $60M guide for FY), and substantial execution risks remain (high-volume manufacturing decisions, automotive cost pressures, NRE conversion risks and potential future capital raises/dilution). Overall, progress is encouraging but financial scale and sustainability are not yet established.Positive Updates
Acquisitions and Rapid Integration
Closed Scantinel (Jan) and Luminar assets (Feb); integrated teams, product roadmaps and operations into one MicroVision organization; consolidated engineering and manufacturing functions (Orlando) and reported early synergy realization that improved annual cash burn guidance.
Negative Updates
Very Small Absolute Revenue Base
Despite 50% YoY growth, Q1 revenue remains only $0.9M; full-year guidance of $10M–$15M implies most revenue is expected in H2 and the company must materially scale sales to meet guidance.
Read all updates
Q1-2026 Updates
Positive
Negative
Acquisitions and Rapid Integration
Closed Scantinel (Jan) and Luminar assets (Feb); integrated teams, product roadmaps and operations into one MicroVision organization; consolidated engineering and manufacturing functions (Orlando) and reported early synergy realization that improved annual cash burn guidance.
Read all positive updates
Company Guidance
MicroVision reiterated full‑year 2026 revenue guidance of $10–$15 million (with most revenue expected in H2), raised gross‑margin guidance to 35–40% (from a prior “positive” target) after reporting Q1 revenue of $0.9 million (up $0.3M, 50% YoY) and Q1 gross margin of 39% (vs. 7% in Q1 2025); 75% of Q1 revenue was from Luminar‑acquired sensors. The company improved its cash‑burn guidance to approximately $60 million of cash used in operations plus CapEx for 2026 (previously $65–70M), after Q1 cash use of $16.6M (up $2.4M YoY), and ended Q1 with $46.1M in cash, cash equivalents and investment securities plus $42M available under its ATM; it also closed a $43M financing in February (partly used to repay $19.5M of prior notes) and retains flexibility to repay the new notes in cash or stock.Microvision Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
34
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.55M | 1.21M | 4.70M | 7.26M | 664.00K | 2.50M |
| Gross Profit | -20.78M | -17.34M | -2.83M | 4.49M | 564.00K | 2.50M |
| EBITDA | -68.95M | -63.56M | -70.98M | -83.07M | -53.15M | -42.92M |
| Net Income | -91.50M | -94.98M | -96.92M | -82.84M | -53.09M | -43.20M |
Balance Sheet | ||||||
| Total Assets | 110.20M | 103.12M | 121.16M | 129.63M | 115.00M | 130.22M |
| Cash, Cash Equivalents and Short-Term Investments | 46.12M | 74.83M | 74.70M | 73.78M | 82.71M | 115.37M |
| Total Debt | 53.42M | 36.77M | 51.64M | 15.04M | 15.70M | 6.27M |
| Total Liabilities | 70.66M | 47.57M | 72.39M | 33.83M | 25.25M | 17.47M |
| Stockholders Equity | 39.54M | 55.55M | 48.77M | 95.80M | 89.74M | 112.75M |
Cash Flow | ||||||
| Free Cash Flow | -60.70M | -59.40M | -68.91M | -69.03M | -42.38M | -31.90M |
| Operating Cash Flow | -59.98M | -58.72M | -68.54M | -67.09M | -38.02M | -29.40M |
| Investing Cash Flow | -18.53M | -24.65M | 2.67M | 21.82M | -38.07M | -35.32M |
| Financing Cash Flow | 72.62M | 60.87M | 72.89M | 72.44M | 14.31M | 131.16M |
Microvision Technical Analysis
Negative
0.95
Price Trends
0.61
Negative
0.67
Negative
0.87
Negative
Market Momentum
-0.07
Positive
29.07
Positive
5.27
Positive
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 0.95 is above the 20-day moving average (MA) of 0.54, above the 50-day MA of 0.61, and above the 200-day MA of 0.87, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 29.07 is Positive, neither overbought nor oversold. The STOCH value of 5.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MVIS.
Microvision Risk Analysis
Microvision disclosed 29 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $896.63M | -35.69 | -41.18% | ― | 86.66% | -97.48% | |
62 Neutral | $234.54M | 54.18 | 2.37% | 2.25% | 4.82% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $1.63B | 274.95 | 1.77% | ― | 7.51% | 93.82% | |
57 Neutral | $373.79M | -5.81 | -9.42% | 5.93% | -8.43% | 30.33% | |
55 Neutral | $841.43M | 449.93 | 4.31% | ― | -22.63% | ― | |
44 Neutral | $121.57M | -1.24 | -139.20% | ― | -64.10% | 31.45% |
* Technology Sector Average
MVIS
Microvision
0.37
-0.76
-67.61%
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Microvision Corporate Events
Business Operations and StrategyRegulatory Filings and ComplianceShareholder MeetingsStock Split
MicroVision Seeks Shareholder Approval for Reverse Stock Split
Neutral
Jun 1, 2026
On June 1, 2026, MicroVision, Inc. said it has filed a preliminary proxy statement ahead of its 2026 virtual annual meeting, set for July 10, 2026, where shareholders will vote on proposals including an amendment allowing the board to execute a re...
Business Operations and StrategyPrivate Placements and Financing
MicroVision Leadership Boosts Stake, Signaling Confidence in Strategy
Positive
Mar 16, 2026
On March 16, 2026, MicroVision announced that all of its executive officers and U.S.-based board members committed to buy company common stock on market terms, signaling internal confidence in its strategy to reshape the lidar industry. The move f...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.