MVIS
MicroVision, Inc.0.9163
+0.0414+4.73%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Defense bridges to auto revenue
Q&A elevates defense as a high-ASP bridge to late-decade auto ramps, with surging interest in Scantinel's invisible 1550nm FMCW for drone detection alongside all products. Management broke out 2026's $10-15M guidance as mostly industrial, balance automotive, with positive margins and MOVIA S traction ahead of plan. RFQs persist but drag on as OEMs rethink $6,000-$9,000 L3 costs. Sales spend fuels global team buildout. MOVIA S pulls ahead. Confident execution tone; watch defense shipments, Q4 launch.
Key Stats
Market Cap
279.84MP/E (TTM)
-Basic EPS (TTM)
-0.36Dividend Yield
0%Recent Filings
10-K
FY2025 results
MicroVision posted FY2025 revenue of $1.2M, down 74% y/y from $4.7M, with Q4 hampered by customer losses in agriculture and MOVIA L sensor sales to Daimler Truck. Gross loss ballooned to $17.3M on $9.9M inventory obsolescence and $3.2M adverse commitments for obsolete MOVIA stock, yet operating expenses fell 21% to $65.5M via 41% workforce cuts extending runway. Net loss narrowed to $95.0M or $0.35/share from $96.9M or $0.46/share, reconciling on 273M diluted shares. Cash burned $58.7M in operations but ended at $74.8M liquidity; $43M notes due 2028 fund acquisitions. Losses persist. Nasdaq delisting looms on sub-$1 shares.
8-K
Q4 revenue drops; acquisitions close
MicroVision reported Q4 2025 revenue of $0.2 million, down from $1.7 million, with net loss widening to $37.8 million amid $29.4 million non-cash impairments. Shipments began on repeatable MOVIA L sensor orders; assets from Luminar and Scantinel acquisitions closed early 2026, diversifying lidar portfolio. Balance sheet bolstered by $43.0 million convertible notes. Workforce shrinks 20% in 1H2026.
8-K
Fireside chat post-acquisitions
MicroVision announced a business update and fireside chat on February 25, 2026, featuring CEO Glen DeVos hosted by McKinsey's Hans-Werner Kaas. After completing two strategic acquisitions in early 2026, the event will unpack lidar industry dynamics, acquisition rationale, and the company's roadmap. Questions from stakeholders welcome. Forward-looking statements carry risks like market acceptance.
8-K
MicroVision refinances $43M notes
MicroVision exchanged its senior secured convertible notes due 2026 for new notes due 2028 with aggregate principal $43M, while an institutional investor purchased additional notes due 2028. Zero-coupon notes rank senior, secured by first-priority liens on bank/securities accounts, convertible at $0.8819/share (110% of Feb 23 closing price). Deal extends runway but imposes strict covenants: minimum liquidity ≥$21.5M, monthly cash burn limits.
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