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Microvision
(NASDAQ:MVIS)
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Rating:43Neutral
Price Target:
$1.50
▼(-17.13% Downside)
Action:Reiterated
Date:10/09/26
The score is held down primarily by weak financial fundamentals—deep losses, negative gross profit, and significant cash burn alongside a thinner equity cushion and higher leverage. Technicals also remain bearish with price well below key moving averages and negative MACD, despite oversold readings. Corporate events provide some offset (Nasdaq compliance and fresh capital), but dilution and the lack of profitable operations keep the overall risk profile elevated.
Positive Factors
Revenue rebound
The sharp TTM revenue rebound shows that MicroVision is generating materially more business than in the prior period. If commercial activity continues expanding, higher revenue can improve operating leverage, support customer validation, and move the company closer to scaling its lidar and perception platform.
Negative Factors
Persistent unprofitability
Negative gross profit alongside deeply negative operating and net margins indicates that current revenue does not yet support the economics of the business. Continued losses constrain internal funding, increase dependence on external capital, and show that substantial execution and scale are still required to reach breakeven.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The sharp TTM revenue rebound shows that MicroVision is generating materially more business than in the prior period. If commercial activity continues expanding, higher revenue can improve operating leverage, support customer validation, and move the company closer to scaling its lidar and perception platform.
Read all positive factors
Microvision (MVIS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.71M
Dividend YieldN/A
Average Volume (3M)1.39M
Price to Earnings (P/E)―
Beta (1Y)1.69
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. Volume1,644,667
30 Day Avg. Volume1,385,312
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 Cap3.46
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)$11.40M
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:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 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
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
2.07
Negative
3.96
Negative
7.47
Negative
Market Momentum
-0.20
Negative
27.00
Positive
15.84
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 1.81 is above the 20-day moving average (MA) of 1.54, below the 50-day MA of 2.07, and below the 200-day MA of 7.47, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 27.00 is Positive, neither overbought nor oversold. The STOCH value of 15.84 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $305.06M | 32.37 | 5.24% | 1.15% | 13.87% | 2471.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $828.99M | 100.90 | 13.72% | ― | -7.12% | ― | |
54 Neutral | $680.75M | -24.26 | -22.17% | ― | 92.79% | -11.98% | |
52 Neutral | $967.46M | 242.10 | 1.08% | ― | 11.28% | ― | |
51 Neutral | $554.28M | -14.97 | -5.46% | 1.29% | 1.36% | 32.69% | |
43 Neutral | $36.71M | -0.22 | -221.31% | ― | 11.15% | 7.27% |
* Technology Sector Average
MVIS
Microvision
1.20
-19.50
-94.20%
KOPN
Kopin
4.46
1.07
31.56%
LPTH
Lightpath Technologies
9.72
0.82
9.21%
MEI
Methode Electronics
15.55
8.58
123.13%
RELL
Richardson Electronics
20.79
9.44
83.17%
VPG
Vishay Precision Group
72.63
39.88
121.77%
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...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and ComplianceShareholder MeetingsStock Split
MicroVision Implements Reverse Stock Split to Maintain Nasdaq Listing
Neutral
Jul 22, 2026
On July 10, 2026, shareholders of MicroVision, Inc. approved a 1-for-15 reverse stock split of the company’s common stock and a reduction in authorized capital to 175 million shares, including 150 million common shares and 25 million preferr...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingShareholder MeetingsStock Split
MicroVision Shareholders Approve Governance and Capital Structure Changes
Positive
Jul 13, 2026
At its annual meeting held on July 10, 2026, MicroVision shareholders representing 62% of eligible common stock approved all five proposals on the ballot, including the re-election of all seven directors and an advisory endorsement of executive co...
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.