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Microvision (MVIS)
NASDAQ:MVIS
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Microvision
(NASDAQ:MVIS)
45Neutral
Microvision (MVIS) vs. S&P 500 (SPY)
Market Cap
$294.95M
Dividend YieldN/A
Average Volume (3M)3.20M
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue Growth-35.31%
EPS Growth-2.18%
CountryUS
Employees185
SectorTechnology
Sector Strength65
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.12
Shares Outstanding245,794,620
10 Day Avg. Volume2,121,023
30 Day Avg. Volume3,198,901
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 Cap0.99
Enterprise Value/Revenue9.98
Enterprise Value/Gross Profit-45.61
Enterprise Value/Ebitda-0.88
Forecast
1Y Price Target
$3.00Price Target Upside150.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Microvision Business Overview & Revenue Model
Company DescriptionMicroVision, Inc. is a technology company specializing in the development of laser scanning technology for projection, 3D sensing, and image capture. The company's primary sectors include automotive, consumer electronics, and interactive displays. MicroVision's core products include its proprietary PicoP® scanning technology, which enables high-resolution projection and sensing capabilities in compact form factors, often used in head-up displays (HUDs), augmented reality (AR) systems, and advanced driver-assistance systems (ADAS).
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
Positive
1.20
Price Trends
1.22
Negative
1.30
Negative
1.16
Positive
Market Momentum
-0.03
Negative
52.30
Neutral
55.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MVIS, the sentiment is Positive. The current price of 1.2 is above the 20-day moving average (MA) of 1.16, below the 50-day MA of 1.22, and above the 200-day MA of 1.16, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 52.30 is Neutral, neither overbought nor oversold. The STOCH value of 55.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $486.87M | 48.66 | 3.64% | 0.42% | -10.99% | -61.37% | |
60 Neutral | $10.96B | 10.27 | -6.73% | 2.97% | 7.73% | -11.60% | |
56 Neutral | $365.59M | ― | -63.35% | ― | 8.04% | 5.52% | |
52 Neutral | $571.28M | ― | -56.81% | ― | 28.04% | 64.81% | |
48 Neutral | $386.77M | ― | -63.44% | ― | 9.23% | 51.61% | |
48 Neutral | $441.98M | ― | -118.08% | ― | ― | ― | |
45 Neutral | $294.95M | ― | -134.07% | ― | -35.31% | -2.18% |
* Technology Sector Average
Performance Comparison
MVIS
Microvision
1.20
-0.05
-4.00%
ALNT
Allient
28.76
0.42
1.48%
KULR
KULR Technology Group
1.36
0.90
195.65%
BKSY
BlackSky Technology
11.55
10.39
895.69%
OUST
Ouster
10.62
-1.82
-14.63%
SATL
Satellogic
4.27
2.86
202.84%
Microvision Earnings Call Summary
Earnings Call Date:May 12, 2025
(Q4-2024)
| % Change Since: -13.67%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Neutral
MicroVision reported significant progress in expanding its revenue opportunities and strengthening its balance sheet. However, it faced revenue shortfalls and delays in automotive timelines. The sentiment reflects optimism about industrial and defense sectors but acknowledges challenges in automotive engagements.Q4-2024 Updates
Positive Updates
Expansion of Revenue Opportunities
MicroVision expanded near-term revenue opportunities in industrial and defense sectors as automotive timelines evolve. The company positioned itself to focus on revenue from industrial verticals like AMR, AGV, and collaborative robots, with potential immediate and significant revenue.
Disciplined Cost Management
The company managed costs effectively, focusing resources on near-term revenue opportunities, maintaining one of the lowest cash burn rates in the marketplace.
Strengthened Balance Sheet
MicroVision strengthened its balance sheet with two rounds of investment totaling over $90 million from a strategic financial partner, extending the cash runway into 2026.
Expanded Production Capacity
The company secured production commitments to fulfill anticipated demand from industrial customers, expecting demand in the $30 to $50 million range over the next 12 to 18 months.
Record Trading Volume
MicroVision achieved strong market cap and elevated trading volumes, surpassing several peers and reflecting strong market position.
Negative Updates
Revenue Shortfall
The fourth-quarter revenue was $1.7 million, falling short of expectations as one customer delayed its decision to 2025.
Automotive Timeline Delays
Engagements with automotive OEMs experienced delays in timeline adjustments and decision-making processes.
Company Guidance
During the MicroVision fourth quarter and full year 2024 financial results conference call, the company provided several metrics and projections for the coming years. The company reported $1.7 million in revenue for Q4, driven primarily by industrial customers, and detailed plans to pursue additional revenue opportunities in the industrial and defense sectors. They highlighted significant progress in automotive OEM programs with seven RFQs and expanded their production capacity with partner ZF to meet anticipated demand ranging from $30 to $50 million over the next 12 to 18 months. Despite challenges in the automotive sector, MicroVision emphasized its strategic focus on near-term revenue opportunities, disciplined cost management, and a strengthened balance sheet, noting a $90 million capital commitment from an institutional investor. The company also projected an annual R&D and SG&A expense run rate of $48 to $50 million for 2025 and indicated that their cash runway extends into 2026.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.