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Microvision
(NASDAQ:MVIS)
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Rating:46Neutral
Price Target:
$1.50
▼(-17.13% Downside)
Action:Reiterated
Date:10/29/26
The score is held down primarily by weak financial performance, including persistent losses, significant ongoing cash burn, and a weakened balance sheet with higher leverage and reduced equity. Technicals also point to a bearish trend with negative momentum and price below key moving averages. Offsetting these negatives, the latest earnings call was notably constructive with reaffirmed revenue guidance, reported margin improvement, and explicit plans to reduce operating cash burn in 2027, but execution and funding risks remain material.
Positive Factors
Revenue Growth and Orders
Sharp revenue growth and purchase orders awaiting shipment indicate stronger customer adoption and improving commercial conversion. If deliveries continue as planned, the order base can support near-term revenue visibility while expanding installed customer relationships for future sensor and software sales.
Negative Factors
Persistent Cash Burn
Large ongoing operating cash outflows mean MicroVision remains dependent on financing, asset monetization, or substantial commercial improvement to sustain operations. Even with a targeted reduction to roughly $40M in 2027, cash consumption can constrain investment and weaken resilience if growth is delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Orders
Sharp revenue growth and purchase orders awaiting shipment indicate stronger customer adoption and improving commercial conversion. If deliveries continue as planned, the order base can support near-term revenue visibility while expanding installed customer relationships for future sensor and software sales.
Read all positive factors
Microvision (MVIS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$37.93M
Dividend YieldN/A
Average Volume (3M)1.47M
Price to Earnings (P/E)―
Beta (1Y)1.68
Revenue Growth11.15%
EPS Growth7.27%
CountryUS
Employees190
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-5.41
Shares Outstanding30,588,854
10 Day Avg. Volume975,181
30 Day Avg. Volume1,468,573
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)4.07
Price to Sales (P/S)187.22
P/FCF Ratio-3.81
Enterprise Value/Market Cap3.35
Enterprise Value/Revenue44.26
Enterprise Value/Gross Profit-6.49
Enterprise Value/Ebitda-1.35
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-3
Revenue Forecast (FY)$9.90M
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 makes money primarily by commercializing its lidar and perception technology through customer contracts and product/technology sales. Key revenue streams include: (1) Sales of lidar-related products and prototypes: revenue can be gener...
Microvision Earnings Call Summary
Earnings Call Date:Oct 28, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Mar 11, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Management reported substantial year-over-year revenue growth, improved gross profit and margins, lower operating expenses and adjusted EBITDA losses, expanding IRIS and MOVIA demand, broadening commercial activity across industrial, security and defense and ITS markets, and a plan to double revenue in 2027 while reducing operating cash burn by roughly 1/3. The principal challenges were continued cash consumption and net losses, the 28% workforce reduction, supply-chain constraints, financing needs, customer-program disclosure limitations and expected gross-margin variability. The highlights significantly outweighed the lowlights.Positive Updates
Strong Third-Quarter and Year-to-Date Revenue Growth
Third-quarter revenue was $2.4 million, compared with $0.2 million in the third quarter of 2025 and equal to the $2.4 million generated during the entire first half of 2026. Year-to-date revenue was $4.8 million, nearly 5x the $1 million reported through the first 9 months of 2025.
Negative Updates
Supply-Chain Dependencies and Component Pressure
Management said certain supply-chain dependencies remained and that supply-chain availability would affect the timing of revenue recognition. The company also cited tariffs, circuit-board constraints, price and material-cost pressure, and stress on the supply base for FPGAs and memory due to data-center demand.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter and Year-to-Date Revenue Growth
Third-quarter revenue was $2.4 million, compared with $0.2 million in the third quarter of 2025 and equal to the $2.4 million generated during the entire first half of 2026. Year-to-date revenue was $4.8 million, nearly 5x the $1 million reported through the first 9 months of 2025.
Read all positive updates
Company Guidance
Management reaffirmed its full year 2026 revenue outlook of $10 million to $15 million, supported by approximately $10 million of customer purchase orders awaiting shipment and $4.8 million of revenue recognized through September; it remains on track to finish 2026 near its target operating cash burn of $60 million, depending primarily on the timing of certain working capital items, and is targeting approximately $40 million of operating cash burn in 2027, a reduction of roughly 1/3 from current levels, following a workforce reduction affecting approximately 28% of the organization. Management expects revenue to double from its 2026 level in 2027, with a committed IRIS pipeline supporting roughly half the revenue projected in 2027, and has approximately $40 million remaining on the ATM facility; the long-term gross margin target for these products is 40% to 45%, HALO will launch in Q4 of 2027, MOVIA 120 is planned to be replaced in '27 with MOVIA Pro, and Q4 will see a significant increase from Q3 for IRIS shipments.Microvision Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.87M | 1.21M | 4.70M | 7.26M | 664.00K | 2.50M |
| Gross Profit | -19.58M | -17.34M | -2.83M | 4.49M | 564.00K | 2.50M |
| EBITDA | -94.19M | -70.71M | -68.28M | -80.44M | -50.78M | -41.74M |
| Net Income | -114.21M | -94.98M | -96.92M | -82.84M | -53.09M | -43.20M |
Balance Sheet | ||||||
| Total Assets | 88.61M | 103.12M | 121.16M | 129.63M | 115.00M | 130.22M |
| Cash, Cash Equivalents and Short-Term Investments | 27.21M | 74.83M | 74.70M | 73.78M | 82.71M | 115.37M |
| Total Debt | 45.45M | 36.77M | 51.64M | 15.04M | 15.70M | 6.27M |
| Total Liabilities | 67.99M | 47.57M | 72.39M | 33.83M | 25.25M | 17.47M |
| Stockholders Equity | 20.62M | 55.55M | 48.77M | 95.80M | 89.74M | 112.75M |
Cash Flow | ||||||
| Free Cash Flow | -83.80M | -59.40M | -68.91M | -69.03M | -42.38M | -31.90M |
| Operating Cash Flow | -82.84M | -58.72M | -68.54M | -67.09M | -38.02M | -29.40M |
| Investing Cash Flow | -9.31M | -24.65M | 2.67M | 21.82M | -38.07M | -35.32M |
| Financing Cash Flow | 58.92M | 60.87M | 72.89M | 72.44M | 14.31M | 131.16M |
Microvision Technical Analysis
Negative
1.81
Price Trends
1.51
Negative
3.04
Negative
6.66
Negative
Market Momentum
-0.13
Negative
44.45
Neutral
69.14
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 1.81 is above the 20-day moving average (MA) of 1.28, above the 50-day MA of 1.51, and below the 200-day MA of 6.66, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 44.45 is Neutral, neither overbought nor oversold. The STOCH value of 69.14 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 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $293.47M | 31.14 | 5.24% | 1.20% | 13.87% | 2471.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | $586.64M | -20.89 | -22.17% | ― | 92.79% | -11.98% | |
52 Neutral | $785.64M | 196.60 | 1.08% | ― | 11.28% | ― | |
51 Neutral | $492.61M | -13.31 | -5.46% | 1.45% | 1.36% | 32.69% | |
49 Neutral | $698.88M | 85.07 | 13.72% | ― | -7.12% | ― | |
46 Neutral | $37.93M | -0.23 | -221.31% | ― | 11.15% | 7.27% |
* Technology Sector Average
MVIS
Microvision
1.30
-16.70
-92.78%
KOPN
Kopin
3.90
0.39
11.11%
LPTH
Lightpath Technologies
8.28
0.08
0.98%
MEI
Methode Electronics
14.90
8.19
122.06%
RELL
Richardson Electronics
21.10
10.42
97.53%
VPG
Vishay Precision Group
60.71
22.58
59.22%
Microvision Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
MicroVision Reaffirms 2026 Guidance, Highlights Lidar Strategy
Positive
Oct 7, 2026
On October 7, 2026, MicroVision reaffirmed its full-year 2026 revenue guidance of $10 million to $15 million and outlined a transformation built around its Lidar 2.0 portfolio strategy and expanding commercial traction. Management said the company...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
MicroVision Regains Nasdaq Compliance, Secures Listing Stability
Positive
Aug 31, 2026
On August 26, 2026, MicroVision, Inc. received notice from Nasdaq that it had regained compliance with Listing Rule 5550(a)(2), which requires a minimum bid price of at least $1 per share. The company had earlier been notified of noncompliance on ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
MicroVision Raises Capital Through Stock and Warrant Offering
Positive
Aug 17, 2026
On August 14, 2026, MicroVision entered into a securities purchase agreement to sell 6,800,000 shares of common stock together with warrants for an equal number of shares at a combined price of $2.50, in a confidentially marketed public offering. ...
Business Operations and StrategyExecutive/Board Changes
MicroVision Names Christine Chambers as New CFO
Positive
Aug 10, 2026
MicroVision on August 10, 2026 announced that its board appointed Christine Chambers as chief financial officer, effective August 27, 2026, succeeding interim CFO Stephen Hrynewich, who will remain in a senior finance role. Chambers, a veteran fin...
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.