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MicroVision, Inc. develops and commercializes lidar sensors and perception solutions in the United States, Germany, and internationally. It offers lidar sensors, such as MOVIA, a flash-based short- to mid-range sensor; MAVIN, a MEMS-based 905nm long-range sensor capable of small object detection; IRIS and HALO, which are 1550nm long-range sensors; and Scantinel, 1550nm long-range FMCW lidar. The company also provides engineering services; and development of custom application software. It serves automotive OEMs, industrial automation equipment, and security and defense contractors, automated warehouse operators, agriculture and mining companies, automotive Tier 1 suppliers, defense tech companies, and potential customers in several other industrial markets through its website, account based, and business-to-business targeting, as well as participation in trade shows. MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1M | $-71M | $-95M | $-59M | -171.0% | -74.3% | - |
| 2024 | $5M | $-85M | $-97M | $-69M | -198.7% | -35.3% | - |
| 2023 | $7M | $-74M | $-83M | $-69M | -86.5% | 993.2% | - |
| 2022 | $1M | $-51M | $-53M | $-42M | -59.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 0.66 | 7.26 | 4.70 | 1.21 |
| Cost Of Revenue | 0.10 | 2.77 | 7.53 | 18.55 |
| Gross Profit | 0.56 | 4.49 | -2.83 | -17.34 |
| Operating Expense | 54.45 | 93.40 | 78.36 | 52.05 |
| Operating Income | -53.89 | -88.91 | -81.19 | -69.39 |
| EBITDA | -50.78 | -73.75 | -85.03 | -70.71 |
| EBIT | -53.03 | -81.62 | -91.95 | -76.53 |
| Pretax Income | -53.09 | -81.70 | -96.41 | -95.06 |
| Tax Provision | 0 | 1.15 | 0.51 | -0.08 |
| Net Income | -53.09 | -82.84 | -96.92 | -94.98 |
| Net Income Common Stockholders | -53.09 | -82.84 | -96.92 | -94.98 |
| Total Expenses | 54.55 | 96.17 | 85.89 | 70.59 |
| Interest Expense | 0.06 | 0.08 | 4.46 | 18.53 |
| Research And Development | 30.41 | 56.71 | 49.02 | 31.72 |
| Selling General And Administration | 24.04 | 36.69 | 29.35 | 20.32 |
| Normalized EBITDA | -50.78 | -75.45 | -71.84 | -62.74 |
| Normalized Income | -53.09 | -84.19 | -86.49 | -87.02 |
| Basic EPS | -0.32 | -0.45 | -0.46 | -0.35 |
| Diluted EPS | -0.32 | -0.45 | -0.46 | -0.35 |
| Tax Effect Of Unusual Items | 0 | 0.36 | -2.77 | -0.01 |
| Tax Rate For Calcs | 0 | 0.21 | 0.21 | 0 |
| Total Unusual Items | 0 | 1.70 | -13.19 | -7.97 |
| Total Unusual Items Excluding Goodwill | 0 | 1.70 | -13.19 | -7.97 |
| Net Income From Continuing Operation Net Minority Interest | -53.09 | -82.84 | -96.92 | -94.98 |
| Reconciled Depreciation | 2.25 | 7.86 | 6.92 | 5.82 |
| Reconciled Cost Of Revenue | 0.10 | 2.77 | 7.53 | 18.55 |
| Net Interest Income | -0.06 | -0.08 | -4.46 | -18.53 |
| Net Income From Continuing And Discontinued Operation | -53.09 | -82.84 | -96.92 | -94.98 |
| Total Operating Income As Reported | -53.89 | -88.88 | -85.52 | -82.83 |
| Diluted Average Shares | 165.96 | 182.80 | 209.51 | 273.14 |
| Basic Average Shares | 165.96 | 182.80 | 209.51 | 273.14 |
| Diluted NI Availto Com Stockholders | -53.09 | -82.84 | -96.92 | -94.98 |
| Net Income Including Noncontrolling Interests | -53.09 | -82.84 | -96.92 | -94.98 |
| Net Income Continuous Operations | -53.09 | -82.84 | -96.92 | -94.98 |
| Other Income Expense | 0.86 | 7.29 | -10.76 | -7.15 |
| Other Non Operating Income Expenses | 0.86 | 5.59 | 2.43 | 0.82 |
| Special Income Charges | 0 | 1.70 | -4.32 | -18.10 |
| Gain On Sale Of Ppe | 0 | 0.03 | -0.14 | 0 |
| Other Special Charges | 0 | 0 | 0 | 4.65 |
| Impairment Of Capital Assets | 0 | 0 | 4.18 | 13.44 |
| Restructuring And Mergern Acquisition | 0 | -1.67 | 0 | 0 |
| Gain On Sale Of Security | 0 | 0 | -8.87 | 10.13 |
| Net Non Operating Interest Income Expense | -0.06 | -0.08 | -4.46 | -18.53 |
| Interest Expense Non Operating | 0.06 | 0.08 | 4.46 | 18.53 |
| Operating Revenue | 0.66 | 7.26 | 4.70 | 1.21 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MicroVision, Inc.this co. | MVIS | $208M | - | 3.52 | -171.0% | -2.34 |
| Turtle Beach Corporation | TBCH | $223M | 14.60 | 1.68 | 12.2% | 8.87 |
| Nerdy Inc. | NRDY | $218M | - | 5.75 | -138.0% | -1.79 |
| Kaltura, Inc. | KLTR | $211M | - | 33.02 | -190.7% | 236.12 |
| eGain Corporation | EGAN | $201M | 5.79 | 2.27 |
| 40.0% |
| 14.32 |
| Richardson Electronics, Ltd. | RELL | $200M | 50.93 | 1.25 | -0.7% | 29.40 |
| Vuzix Corporation | VUZI | $198M | - | 7.83 | -93.1% | -6.39 |
| Immersion Corporation | IMMR | $194M | 10.12 | 0.63 | 11.5% | 6.19 |
| Information Services Group, Inc. | III | $193M | 21.26 | 2.04 | 9.9% | 10.50 |
| Peer Median | - | 14.60 | 2.15 | 4.6% | 9.68 | |