Loading…
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% | -2.0% |
| 2024 | $5M | $-85M | $-97M | $-69M | -198.7% | -35.3% | 17.0% |
| 2023 | $7M | $-74M | $-83M | $-69M | -86.5% | 993.2% | 56.0% |
| 2022 | $1M | $-51M | $-53M | $-42M | -59.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 0.66 | 7.26 | 4.70 | 1.21 |
| Operating 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 | 52.04 |
| Research And Development | - | 30.41 | 56.71 | 49.02 | 31.72 |
| Selling General And Administration | - | 24.04 | 36.69 | 29.35 | 20.32 |
| Total Expenses | - | 54.55 | 96.17 | 85.89 | 70.59 |
| Operating Income | - | -53.89 | -88.91 | -81.19 | -69.39 |
| Total Operating Income As Reported | - | -53.89 | -88.88 | -85.52 | -82.83 |
| EBITDA | - | -50.78 | -73.75 | -85.03 | -70.71 |
| Normalized EBITDA | - | -50.78 | -75.46 | -71.84 | -62.74 |
| EBIT | - | -53.03 | -81.62 | -91.95 | -76.53 |
| Interest Expense | - | 0.06 | 0.08 | 4.46 | 18.53 |
| Net Interest Income | - | -0.06 | -0.08 | -4.46 | -18.53 |
| Other Non Operating Income Expenses | - | 0.86 | 5.59 | 2.43 | 0.82 |
| Other Income Expense | - | 0.86 | 7.29 | -10.76 | -7.15 |
| Interest Expense Non Operating | - | 0.06 | 0.08 | 4.46 | 18.53 |
| Net Non Operating Interest Income Expense | - | -0.06 | -0.08 | -4.46 | -18.53 |
| Pretax Income | - | -53.09 | -81.70 | -96.41 | -95.06 |
| Tax Provision | - | 0 | 1.15 | 0.51 | -0.08 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0.36 | -2.77 | -0.01 |
| Net Income Continuous Operations | - | -53.09 | -82.84 | -96.92 | -94.98 |
| Net Income From Continuing And Discontinued Operation | - | -53.09 | -82.84 | -96.92 | -94.98 |
| Net Income From Continuing Operation Net Minority Interest | - | -53.09 | -82.84 | -96.92 | -94.98 |
| Net Income | - | -53.09 | -82.84 | -96.92 | -94.98 |
| Net Income Common Stockholders | - | -53.09 | -82.84 | -96.92 | -94.98 |
| Net Income Including Noncontrolling Interests | - | -53.09 | -82.84 | -96.92 | -94.98 |
| Normalized Income | - | -53.09 | -84.19 | -86.49 | -87.02 |
| Diluted NI Availto Com Stockholders | - | -53.09 | -82.84 | -96.92 | -94.98 |
| Basic Average Shares | - | 165.96 | 182.80 | 209.51 | 273.14 |
| Diluted Average Shares | - | 165.96 | 182.80 | 209.51 | 273.14 |
| Reconciled Depreciation | - | 2.25 | 7.86 | 6.92 | 5.82 |
| Reconciled Cost Of Revenue | - | 0.10 | 2.77 | 7.53 | 18.55 |
| Total Unusual Items | - | 0 | 1.70 | -13.19 | -7.97 |
| Total Unusual Items Excluding Goodwill | - | 0 | 1.70 | -13.19 | -7.97 |
| Special Income Charges | - | 0 | 1.70 | -4.32 | -18.10 |
| Other Special Charges | -0.69 | - | - | - | 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 | - | - | - | -8.87 | 10.13 |
| Gain On Sale Of Ppe | - | 0 | 0.03 | -0.14 | 0 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MicroVision, Inc.this co. | MVIS | $143M | -1.50 | 2.57 | -171.0% | -2.08 |
| Domo, Inc. | DOMO | $175M | - | - | 31.9% | - |
| Thryv Holdings, Inc. | THRY | $169M | 548.95 | 0.77 | 0.1% | 4.51 |
| SunPower Inc. | SPWR | $159M | - | - | 50.3% | - |
| Nerdy Inc. | NRDY | $158M | -3.97 | 8.33 | -210.0% |
| - |
| - |
| - |
| - |
| - |
| -2.40 |
| Tucows Inc. | TCX | $153M | -2.01 | -0.93 | 46.2% | 18.01 |
| TTEC Holdings, Inc. | TTEC | $112M | - | 1.17 | -202.5% | - |
| Expensify, Inc. | EXFY | $111M | -5.19 | 0.84 | -16.1% | -5.60 |
| Airship AI Holdings, Inc. | AISP | $108M | 3.69 | -15.13 | -410.1% | -14.22 |
| Peer Median | - | -2.01 | 0.80 | -8.0% | -2.40 | |