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Microvision (MVIS)
NASDAQ:MVIS
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Microvision
(NASDAQ:MVIS)
55Neutral
Microvision (MVIS) vs. S&P 500 (SPY)
Market Cap
$231.73M
Dividend YieldN/A
Average Volume (3M)7.77M
Price to Earnings (P/E)―
Beta (1Y)2.18
Revenue Growth277.53%
EPS Growth1.16%
CountryUS
Employees340
SectorTechnology
Sector Strength45
IndustryHardware & Equipment
Share Statistics
EPS (TTM)-0.42
Shares Outstanding224,981,260
10 Day Avg. Volume5,759,503
30 Day Avg. Volume7,769,668
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)31.18
Price to Cash Flow (P/CF)-4.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$3.00Price Target Upside175.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Microvision Business Overview & Revenue Model
Company DescriptionMicroVision, Inc. is a leader in innovative laser beam scanning technology, offering solutions in automotive lidar sensors, consumer electronics, augmented reality, and interactive displays. The company specializes in the development of high-fidelity, compact systems that enable enhanced sensory and display capabilities, helping industries achieve greater precision and efficiency in their operations.
How the Company Makes MoneyMicroVision generates revenue primarily through the sale and licensing of its proprietary laser beam scanning technology and intellectual property. The company partners with automotive manufacturers to integrate its lidar sensors into advanced driver-assistance systems, which is a critical source of income. Additionally, MicroVision licenses its technology to companies in the consumer electronics and augmented reality sectors, further diversifying its revenue streams. Significant partnerships with major industry players enhance its market reach and contribute to its financial earnings, while ongoing research and development efforts ensure that it remains at the forefront of technological innovation.
Microvision Financial Statement Overview
Summary
Microvision faces substantial financial hurdles. The income statement reflects ongoing losses with no clear path to profitability. While the balance sheet suggests low leverage, it is offset by negative returns and efficiency issues. Cash flow challenges highlight liquidity concerns, with negative operating and free cash flows persisting.Income Statement
Microvision's income statement shows persistent challenges in achieving profitability. The TTM (Trailing-Twelve-Months) gross profit margin is negative, indicating cost of goods sold exceeds revenue. The net profit margin is also negative, highlighting ongoing losses. Revenue growth is present but inconsistent, with a modest increase in the latest TTM compared to the previous year. EBIT and EBITDA margins remain deeply negative, reflecting operational inefficiencies.45
Neutral
Balance Sheet
The balance sheet indicates moderate financial stability. The debt-to-equity ratio is low, suggesting manageable leverage. However, the return on equity is negative due to consistent net losses. The equity ratio is relatively strong, providing a cushion against liabilities, but overall asset efficiency remains a concern given the high levels of unprofitability.52
Neutral
Cash Flow
Cash flow analysis reveals significant challenges. Operating cash flow remains negative, and free cash flow has deteriorated. The ratio of operating cash flow to net income is less informative due to both metrics being negative. Free cash flow to net income also portrays a struggling cash position. Although there have been injections of financing cash flow, consistent negative free cash flow growth rate underscores liquidity pressures.40
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.94M | 7.26M | 664.00K | 2.50M | 3.09M | 8.89M | Gross Profit |
| 1.86M | 4.49M | 564.00K | 2.50M | 1.69M | 322.00K | EBIT |
| -49.48M | -88.88M | -53.89M | -43.87M | -14.06M | -26.47M | EBITDA |
| -47.76M | -81.05M | -50.84M | -42.41M | -13.10M | -25.28M | Net Income Common Stockholders |
| -48.74M | -82.84M | -52.29M | -41.04M | -12.22M | -24.83M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 13.77M | 73.78M | 82.71M | 115.37M | 16.86M | 5.84M | Total Assets |
| 23.03M | 129.63M | 115.00M | 130.22M | 21.01M | 11.84M | Total Debt |
| 54.00K | 15.04M | 15.70M | 6.27M | 3.11M | 2.04M | Net Debt |
| -13.71M | -30.13M | -4.84M | -76.38M | -13.76M | -3.80M | Total Liabilities |
| 18.92M | 33.83M | 25.25M | 17.47M | 12.00M | 15.81M | Stockholders Equity |
| 4.12M | 95.80M | 89.74M | 112.75M | 9.01M | -3.98M |
| Cash Flow | Free Cash Flow | ||||
| -40.47M | -69.03M | -42.38M | -31.90M | -16.48M | -24.79M | Operating Cash Flow |
| -38.73M | -67.09M | -38.02M | -29.40M | -16.07M | -24.04M | Investing Cash Flow |
| -58.20M | 21.82M | -38.07M | -35.32M | 123.00K | -745.00K | Financing Cash Flow |
| -414.00K | 72.44M | 14.31M | 131.16M | 26.98M | 16.86M |
Microvision Technical Analysis
Negative
1.09
Price Trends
1.42
Negative
1.20
Negative
1.13
Negative
Market Momentum
-0.08
Positive
40.19
Neutral
16.68
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 1.09 is below the 20-day moving average (MA) of 1.35, below the 50-day MA of 1.42, and below the 200-day MA of 1.13, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 16.68 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 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 (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $21.35B | 10.05 | -19.26% | 2.35% | 5.02% | -22.63% | |
56 Neutral | $132.42M | ― | -81.61% | ― | 339.99% | 29.91% | |
55 Neutral | $231.73M | ― | -103.99% | ― | 277.53% | 1.16% | |
44 Neutral | $380.75M | ― | -61.40% | ― | 51.14% | 79.30% | |
43 Neutral | $10.63M | ― | -160.65% | ― | -86.20% | 67.94% | |
27 Underperform | $155.16M | ― | 146.24% | ― | 27.61% | 40.95% |
* Technology Sector Average
Performance Comparison
MVIS
Microvision
1.09
-1.24
-53.22%
LAZR
Luminar Technologies
4.73
-24.07
-83.58%
INVZ
Innoviz Technologies
0.68
-0.72
-51.43%
OUST
Ouster
7.85
2.79
55.14%
LIDR
AEye Inc
0.57
-0.60
-51.28%
Microvision Earnings Call Summary
Earnings Call Date: Mar 5, 2025 | % Change Since: -12.10% | Next Earnings Date: May 8, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive outlook with strategic moves in the industrial segment and strong financial positioning through convertible note financing. Although there are challenges with automotive OEM engagements and lower-than-expected Q3 revenue, the company's focus on industrial opportunities and cash management shows promise for future growth.Highlights
Industrial Segment Opportunities
MicroVision is focusing on industrial opportunities, aiming to establish a strong annual recurring revenue stream with integrated LiDAR hardware and perception software. Engaged with multiple potential customers and RFQs in the industrial space.
Convertible Note Financing
MicroVision secured a 2-year $75 million fixed convertible note facility with a strong financial partner, reinforcing market confidence and extending the runway into 2026.
Cash Burn and Financial Management
Significantly reduced cash burn, streamlined OpEx to $48-50 million for 2025, and improved timelines to achieve cash flow breakeven.
Revenue Expectations and Inventory Build-up
Projected $8 to $10 million revenue for the year, with Q4 revenue expected from LiDAR sensor sales and NRE projects. Inventory build-up signals preparation for fulfilling revenue commitments.
Lowlights
Low Q3 Revenue
Reported revenue of $0.2 million, lower than expectations due to an existing customer delaying sensor deliveries.
Automotive OEM Engagement Challenges
Engagement with automotive OEMs remains slow, with RFQs still in progress and the need for patient engagement as OEMs adjust product strategies.
Company Guidance
During MicroVision's Q3 2024 earnings call, the guidance highlighted several key metrics and strategic directions. The company reported a Q3 revenue of $0.2 million, with expectations for Q4 revenue to derive from LiDAR sensor sales and NRE projects, aiming for an annual revenue of $8-10 million. The cash burn rate was reduced by 25% quarter-over-quarter, with a new annual OpEx run rate projected between $48 million and $50 million for 2025. MicroVision's balance sheet was strengthened through a $75 million convertible note facility, extending the runway into 2026. The company emphasized its focus on industrial applications to establish a recurring revenue stream, while maintaining strategic engagements with automotive OEMs. MicroVision also noted ongoing participation in seven RFQs with automotive OEMs and anticipates future high-volume opportunities. With a total liquidity of $234 million, the company aims to achieve cash flow breakeven faster than its peers, leveraging its low cash burn and diversified revenue streams.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.