MicroVision, Inc. (MVIS) 10-Year Financial Performance & Capital Metrics

MVIS • • Industrial / General

TechnologyTech Hardware & EquipmentOptical & Photonics SystemsLidar & Sensing Systems

AboutMicroVision, Inc. develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems. In addition, it provides PicoP, a scanning technology that creates full color, high-contrast, and uniform image over the entire field-of-view from a small and thin module. Further, the company develops 1st generation long range lidar. The company sells its products primarily to original equipment manufacturers and original design manufacturers. MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.Show more

Revenue $5M -35.3%
EBITDA -$81M +2.8%
Net Income -$97M -17.0%
EPS (Diluted) -0.46 -2.2%
Gross Margin -60.35% -197.6%
EBITDA Margin -1731.26% -50.3%
Operating Margin -1821.1% -48.7%
Net Margin -2063.78% -80.8%
ROE -134.07% -50.1%
ROIC -114.95% -29.8%
Debt/Equity 1.06 +574.6%
Interest Coverage -19.19 +98.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Sales declining 12.0% over 5 years
✗Shares diluted 14.6% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.03%

5Y-11.98%

3Y23.39%

TTM-67.66%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-3.37%

EPS CAGR

10Y-

5Y-

3Y-

TTM11.36%

ROCE

10Y Avg-397.42%

5Y Avg-123.8%

3Y Avg-75.02%

Latest-92.78%

Peer Comparison

Lidar & Sensing Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MVISMicroVision, Inc.	277.91M	0.91	-1.98	-35.31%	-33.54%	-97.42%		1.06
OUSTOuster, Inc.	1.64B	27.40	-13.17	33.41%	-64.17%	-35.6%		0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.19M	14.76M	10.89M	17.61M	8.89M	3.09M	2.5M	664K	7.26M	4.7M
Revenue Growth %	1.64%	0.61%	-0.26%	0.62%	-0.5%	-0.65%	-0.19%	-0.73%	9.93%	-0.35%
Cost of Goods Sold+	7.18M	10.37M	9.88M	10.64M	8.56M	1.4M	2K	100K	2.77M	7.53M
COGS % of Revenue	0.78%	0.7%	0.91%	0.6%	0.96%	0.45%	0%	0.15%	0.38%	1.6%
Gross Profit+	2.01M	4.39M	1.01M	6.97M	322K	1.69M	2.5M	564K	4.49M	-2.83M
Gross Margin %	0.22%	0.3%	0.09%	0.4%	0.04%	0.55%	1%	0.85%	0.62%	-0.6%
Gross Profit Growth %	-0.18%	1.18%	-0.77%	5.87%	-0.95%	4.25%	0.48%	-0.77%	6.96%	-1.63%
Operating Expenses+	16.56M	20.84M	25.25M	34.19M	26.79M	15.31M	46.37M	54.45M	93.36M	82.69M
OpEx % of Revenue	1.8%	1.41%	2.32%	1.94%	3.02%	4.95%	18.55%	82.01%	12.86%	17.61%
Selling, General & Admin	7.88M	8.74M	10.16M	9.52M	0	0	0	0	0	0
SG&A % of Revenue	0.86%	0.59%	0.93%	0.54%	-	-	-	-	-	-
Research & Development	8.68M	12.13M	15.1M	24.67M	18.66M	9.84M	24.11M	30.41M	56.71M	49.02M
R&D % of Revenue	0.94%	0.82%	1.39%	1.4%	2.1%	3.18%	9.64%	45.8%	7.81%	10.44%
Other Operating Expenses	8K	-14K	-6K	-30K	8.13M	5.47M	22.26M	24.04M	36.66M	33.67M
Operating Income+	-14.55M	-16.46M	-24.24M	-27.22M	-26.47M	-13.62M	-43.87M	-53.89M	-88.88M	-85.52M
Operating Margin %	-1.58%	-1.11%	-2.23%	-1.55%	-2.98%	-4.41%	-17.55%	-81.16%	-12.24%	-18.21%
Operating Income Growth %	-0.1%	-0.13%	-0.47%	-0.12%	0.03%	0.49%	-2.22%	-0.23%	-0.65%	0.04%
EBITDA+	-13.99M	-15.21M	-22.98M	-25.38M	-25.29M	-13.12M	-42.92M	-53.15M	-83.64M	-81.3M
EBITDA Margin %	-1.52%	-1.03%	-2.11%	-1.44%	-2.85%	-4.24%	-17.17%	-80.04%	-11.52%	-17.31%
EBITDA Growth %	-0.11%	-0.09%	-0.51%	-0.1%	0%	0.48%	-2.27%	-0.24%	-0.57%	0.03%
D&A (Non-Cash Add-back)	557K	1.25M	1.26M	1.84M	1.19M	499K	951K	745K	5.24M	4.22M
EBIT	-14.55M	-16.46M	-25.48M	-27.22M	-26.47M	-14.06M	-43.87M	-53.89M	-88.31M	-75.19M
Net Interest Income+	0	0	0	0	0	0	0	-62K	-80K	-4.46M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	62K	80K	4.46M
Other Income/Expense	8K	-14K	-6K	-30K	-11K	-19K	669K	799K	7.18M	-10.89M
Pretax Income+	-14.54M	-16.47M	-24.24M	-27.25M	-26.48M	-13.63M	-43.2M	-53.09M	-81.7M	-96.41M
Pretax Margin %	-1.58%	-1.12%	-2.23%	-1.55%	-2.98%	-4.41%	-17.28%	-79.96%	-11.25%	-20.53%
Income Tax+	0	0	1.26M	-30K	0	0	0	0	1.15M	507K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1.01%	1.01%
Net Income+	-14.54M	-16.47M	-24.24M	-27.25M	-26.48M	-13.63M	-43.2M	-53.09M	-82.84M	-96.92M
Net Margin %	-1.58%	-1.12%	-2.23%	-1.55%	-2.98%	-4.41%	-17.28%	-79.96%	-11.41%	-20.64%
Net Income Growth %	0.2%	-0.13%	-0.47%	-0.12%	0.03%	0.49%	-2.17%	-0.23%	-0.56%	-0.17%
Net Income (Continuing)	-14.54M	-16.47M	-25.49M	-27.25M	-26.48M	-13.63M	-43.2M	-53.09M	-82.84M	-96.92M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.31	-0.32	-0.33	-0.31	-0.22	-0.10	-0.27	-0.32	-0.45	-0.46
EPS Growth %	0.3%	-0.03%	-0.03%	0.06%	0.29%	0.56%	-1.77%	-0.19%	-0.41%	-0.02%
EPS (Basic)	-0.31	-0.32	-0.33	-0.31	-0.22	-0.10	-0.27	-0.32	-0.45	-0.46
Diluted Shares Outstanding	46.54M	51.96M	72.79M	86.98M	111.3M	139.83M	160.66M	165.96M	182.8M	209.51M
Basic Shares Outstanding	46.54M	51.96M	72.79M	86.98M	111.3M	139.83M	160.66M	165.96M	182.8M	209.51M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	11.07M	17.35M	23.15M	17.65M	7.84M	17.56M	119.43M	91.01M	86.75M	82.47M
Cash & Short-Term Investments	7.89M	15.14M	16.97M	13.77M	5.84M	16.86M	115.37M	82.71M	73.78M	74.7M
Cash Only	7.89M	15.14M	16.97M	13.77M	5.84M	16.86M	82.65M	20.54M	45.17M	54.49M
Short-Term Investments	0	0	0	0	0	0	32.72M	62.17M	28.61M	20.22M
Accounts Receivable	1.69M	245K	695K	1.46M	1.08M	0	0	0	949K	926K
Days Sales Outstanding	67.02	6.06	23.29	30.33	44.32	-	-	-	47.72	71.97
Inventory	862K	1.23M	4.54M	1.11M	192K	0	1.78M	1.86M	3.87M	2.29M
Days Inventory Outstanding	43.82	43.38	167.83	38.05	8.18	-	324.85K	6.79K	510.1	111.2
Other Current Assets	638K	731K	1.01M	1.31M	729K	698K	2.28M	2.31M	8.15M	4.55M
Total Non-Current Assets+	2.97M	2.76M	6.55M	5.38M	4M	3.45M	10.79M	23.99M	42.88M	38.69M
Property, Plant & Equipment	1.67M	1.54M	3.25M	2.99M	3.16M	2.83M	8.6M	21.41M	22.79M	23.81M
Fixed Asset Turnover	5.51x	9.60x	3.35x	5.88x	2.81x	1.09x	0.29x	0.03x	0.32x	0.20x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	845K	718K	602K	486K	221K	164K	115K	75K	17.23M	10.97M
Long-Term Investments	435K	435K	435K	435K	435K	0	1.09M	1.42M	961K	0
Other Non-Current Assets	453K	503K	2.7M	1.91M	621K	453K	2.08M	2.5M	1.9M	3.91M
Total Assets+	14.04M	20.11M	29.7M	23.03M	11.84M	21.01M	130.22M	115M	129.63M	121.16M
Asset Turnover	0.65x	0.73x	0.37x	0.76x	0.75x	0.15x	0.02x	0.01x	0.06x	0.04x
Asset Growth %	0.18%	0.43%	0.48%	-0.22%	-0.49%	0.77%	5.2%	-0.12%	0.13%	-0.07%
Total Current Liabilities+	7.7M	7.24M	20.07M	18.19M	14.46M	10.03M	12.46M	11.43M	20.5M	45.95M
Accounts Payable	2.18M	2.19M	3.06M	2.41M	1.87M	630K	3.58M	2.06M	2.27M	1.13M
Days Payables Outstanding	110.97	77.23	113.2	82.72	79.74	164.49	654.08K	7.52K	299.03	54.87
Short-Term Debt	0	0	0	0	0	1.14M	392K	0	0	24.25M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	300K	308K
Other Current Liabilities	1.54M	2.52M	13.02M	12.21M	1.48M	-646K	1.44M	2.36M	12.14M	15.42M
Current Ratio	1.44x	2.39x	1.15x	0.97x	0.54x	1.75x	9.58x	7.96x	4.23x	1.79x
Quick Ratio	1.33x	2.22x	0.93x	0.91x	0.53x	1.75x	9.44x	7.80x	4.04x	1.74x
Cash Conversion Cycle	-0.14	-27.79	77.92	-14.34	-27.24	-	-	-	258.79	128.3
Total Non-Current Liabilities+	6.49M	5.39M	4.76M	728K	1.36M	1.97M	5.01M	13.83M	13.33M	26.44M
Long-Term Debt	0	0	0	0	0	1.15M	0	0	0	8.75M
Capital Lease Obligations	0	0	0	33K	1.36M	818K	5.01M	13.83M	12.71M	15.95M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	342K	238K	-3.54M	695K	0	0	0	0	614K	1.73M
Total Liabilities	14.2M	12.63M	24.83M	18.92M	15.81M	12M	17.47M	25.25M	33.83M	72.39M
Total Debt+	0	0	0	54K	2.04M	3.81M	6.27M	15.7M	15.04M	51.64M
Net Debt	-7.89M	-15.14M	-16.97M	-13.71M	-3.8M	-13.05M	-76.38M	-4.84M	-30.13M	-2.85M
Debt / Equity	-	-	-	0.01x	-	0.42x	0.06x	0.17x	0.16x	1.06x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-869.19x	-1110.94x	-19.19x
Total Equity+	-153K	7.47M	4.87M	4.12M	-3.98M	9.01M	112.75M	89.74M	95.8M	48.77M
Equity Growth %	-1.02%	49.85%	-0.35%	-0.15%	-1.97%	3.27%	11.52%	-0.2%	0.07%	-0.49%
Book Value per Share	-0.00	0.14	0.07	0.05	-0.04	0.06	0.70	0.54	0.52	0.23
Total Shareholders' Equity	-153K	7.47M	4.87M	4.12M	-3.98M	9.01M	112.75M	89.74M	95.8M	48.77M
Common Stock	47K	68K	79K	100K	126K	153K	164K	171K	195K	225K
Retained Earnings	-483.37M	-499.84M	-524.09M	-546.12M	-572.6M	-586.23M	-629.43M	-682.52M	-765.37M	-862.28M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-8.68M	-9.6M	-10.74M	-12.46M	0	-6.13M	-19K	-127K	210K	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-5.83M	-14.82M	-15.48M	-22.57M	-24.04M	-16.07M	-29.4M	-38.02M	-67.09M	-68.54M
Operating CF Margin %	-0.63%	-1%	-1.42%	-1.28%	-2.71%	-5.2%	-11.76%	-57.26%	-9.24%	-14.6%
Operating CF Growth %	0.55%	-1.54%	-0.04%	-0.46%	-0.07%	0.33%	-0.83%	-0.29%	-0.76%	-0.02%
Net Income	-14.54M	-16.47M	-24.24M	-27.25M	-26.48M	-13.63M	-43.2M	-53.09M	-82.84M	-96.92M
Depreciation & Amortization	557K	1.25M	1.26M	1.84M	1.65M	963K	1.46M	2.25M	7.86M	6.92M
Stock-Based Compensation	1.01M	1.22M	1.29M	1.06M	1.61M	1.3M	15.28M	15.46M	16.14M	11.54M
Deferred Taxes	287K	187K	1M	4.41M	0	0	0	0	0	0
Other Non-Cash Items	-62K	27K	-42K	203K	2.8M	-271K	314K	172K	-2.89M	19.07M
Working Capital Changes	6.93M	-1.03M	5.26M	-2.84M	-3.62M	-4.43M	-3.27M	-2.81M	-5.36M	-9.15M
Change in Receivables	-1.02M	1.44M	230K	-461K	384K	1.08M	0	0	-949K	23K
Change in Inventory	-1.03M	-558K	-4.31M	-982K	-1.29M	24K	-1.83M	-168K	-892K	-495K
Change in Payables	493K	-174K	1.15M	-1.08M	-268K	-1.39M	2.52M	-1.74M	942K	-1.14M
Cash from Investing+	-1.14M	-891K	-3.04M	-1.12M	-745K	123K	-35.32M	-38.07M	21.82M	2.67M
Capital Expenditures	-1.14M	-895K	-3.1M	-1.12M	-745K	-402K	-2.49M	-4.36M	-1.94M	-374K
CapEx % of Revenue	0.12%	0.06%	0.28%	0.06%	0.08%	0.13%	1%	6.56%	0.27%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	4K	59K	0	0	525K	0	-4.13M	0	0
Cash from Financing+	6.51M	22.96M	20.35M	20.49M	16.86M	26.98M	131.16M	14.31M	72.44M	72.89M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	139K	0	1M	8.79M	726K	175K	62K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.97M	-15.72M	-18.58M	-23.69M	-24.79M	-16.48M	-31.9M	-42.38M	-69.03M	-68.91M
FCF Margin %	-0.76%	-1.06%	-1.71%	-1.35%	-2.79%	-5.33%	-12.76%	-63.82%	-9.51%	-14.68%
FCF Growth %	0.47%	-1.26%	-0.18%	-0.28%	-0.05%	0.34%	-0.94%	-0.33%	-0.63%	0%
FCF per Share	-0.15	-0.30	-0.26	-0.27	-0.22	-0.12	-0.20	-0.26	-0.38	-0.33
FCF Conversion (FCF/Net Income)	0.40x	0.90x	0.64x	0.83x	0.91x	1.18x	0.68x	0.72x	0.81x	0.71x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-432.86%	-449.99%	-392.92%	-606.7%	-37832.86%	-541.89%	-70.96%	-52.44%	-89.3%	-134.07%
Return on Invested Capital (ROIC)	-	-	-	-	-	-	-203.48%	-66.65%	-88.54%	-114.95%
Gross Margin	21.85%	29.72%	9.32%	39.58%	3.62%	54.76%	99.92%	84.94%	61.81%	-60.35%
Net Margin	-158.27%	-111.59%	-222.6%	-154.77%	-298.03%	-441.23%	-1728%	-7995.63%	-1141.23%	-2063.78%
Debt / Equity	-	-	-	0.01x	-	0.42x	0.06x	0.17x	0.16x	1.06x
Interest Coverage	-	-	-	-	-	-	-	-869.19x	-1110.94x	-19.19x
FCF Conversion	0.40x	0.90x	0.64x	0.83x	0.91x	1.18x	0.68x	0.72x	0.81x	0.71x
Revenue Growth	163.64%	60.66%	-26.22%	61.67%	-49.53%	-65.23%	-19.09%	-73.44%	993.22%	-35.31%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Product Revenue	-	-	-	-	-	1.02M	4.12M
Product Revenue Growth	-	-	-	-	-	-	304.02%
License and Royalty Revenue	-	-	-	-	-	-	475K
License and Royalty Revenue Growth	-	-	-	-	-	-	-
Contract Revenue	-	-	-	-	-	1.35M	104K
Contract Revenue Growth	-	-	-	-	-	-	-92.31%
License And Royalty Revenue	-	-	-	-	-	4.89M	-
License And Royalty Revenue Growth	-	-	-	-	-	-	-
License	-	-	-	2.5M	664K	-	-
License Growth	-	-	-	-	-73.44%	-	-
Product	-	5.34M	1.35M	-	-	-	-
Product Growth	-	-	-74.80%	-	-	-	-
Technology Service	-	-	-	-	-	-	-
Technology Service Growth	-	-	-	-	-	-	-
License and royalty	10.01M	99K	1.72M	-	-	-	-
License and royalty Growth	-	-99.01%	1635.35%	-	-	-	-
Contract	7.6M	3.44M	25K	-	-	-	-
Contract Growth	-	-54.69%	-99.27%	-	-	-	-

Frequently Asked Questions

Growth & Financials

MicroVision, Inc. (MVIS) reported $2.6M in revenue for fiscal year 2024. This represents a 53% decrease from $5.6M in 2011.

MicroVision, Inc. (MVIS) saw revenue decline by 35.3% over the past year.

MicroVision, Inc. (MVIS) reported a net loss of $88.4M for fiscal year 2024.

Dividend & Returns

MicroVision, Inc. (MVIS) has a return on equity (ROE) of -134.1%. Negative ROE indicates the company is unprofitable.

MicroVision, Inc. (MVIS) had negative free cash flow of $58.9M in fiscal year 2024, likely due to heavy capital investments.

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MicroVision, Inc. (MVIS) 10-Year Financial Performance & Capital Metrics

MVIS • • Industrial / General

TechnologyTech Hardware & EquipmentOptical & Photonics SystemsLidar & Sensing Systems

Revenue $5M -35.3%
EBITDA -$81M +2.8%
Net Income -$97M -17.0%
EPS (Diluted) -0.46 -2.2%
Gross Margin -60.35% -197.6%
EBITDA Margin -1731.26% -50.3%
Operating Margin -1821.1% -48.7%
Net Margin -2063.78% -80.8%
ROE -134.07% -50.1%
ROIC -114.95% -29.8%
Debt/Equity 1.06 +574.6%
Interest Coverage -19.19 +98.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Sales declining 12.0% over 5 years
✗Shares diluted 14.6% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.03%

5Y-11.98%

3Y23.39%

TTM-67.66%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-3.37%

EPS CAGR

10Y-

5Y-

3Y-

TTM11.36%

ROCE

10Y Avg-397.42%

5Y Avg-123.8%

3Y Avg-75.02%

Latest-92.78%

Peer Comparison

Lidar & Sensing Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MVISMicroVision, Inc.	277.91M	0.91	-1.98	-35.31%	-33.54%	-97.42%		1.06
OUSTOuster, Inc.	1.64B	27.40	-13.17	33.41%	-64.17%	-35.6%		0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.19M	14.76M	10.89M	17.61M	8.89M	3.09M	2.5M	664K	7.26M	4.7M
Revenue Growth %	1.64%	0.61%	-0.26%	0.62%	-0.5%	-0.65%	-0.19%	-0.73%	9.93%	-0.35%
Cost of Goods Sold+	7.18M	10.37M	9.88M	10.64M	8.56M	1.4M	2K	100K	2.77M	7.53M
COGS % of Revenue	0.78%	0.7%	0.91%	0.6%	0.96%	0.45%	0%	0.15%	0.38%	1.6%
Gross Profit+	2.01M	4.39M	1.01M	6.97M	322K	1.69M	2.5M	564K	4.49M	-2.83M
Gross Margin %	0.22%	0.3%	0.09%	0.4%	0.04%	0.55%	1%	0.85%	0.62%	-0.6%
Gross Profit Growth %	-0.18%	1.18%	-0.77%	5.87%	-0.95%	4.25%	0.48%	-0.77%	6.96%	-1.63%
Operating Expenses+	16.56M	20.84M	25.25M	34.19M	26.79M	15.31M	46.37M	54.45M	93.36M	82.69M
OpEx % of Revenue	1.8%	1.41%	2.32%	1.94%	3.02%	4.95%	18.55%	82.01%	12.86%	17.61%
Selling, General & Admin	7.88M	8.74M	10.16M	9.52M	0	0	0	0	0	0
SG&A % of Revenue	0.86%	0.59%	0.93%	0.54%	-	-	-	-	-	-
Research & Development	8.68M	12.13M	15.1M	24.67M	18.66M	9.84M	24.11M	30.41M	56.71M	49.02M
R&D % of Revenue	0.94%	0.82%	1.39%	1.4%	2.1%	3.18%	9.64%	45.8%	7.81%	10.44%
Other Operating Expenses	8K	-14K	-6K	-30K	8.13M	5.47M	22.26M	24.04M	36.66M	33.67M
Operating Income+	-14.55M	-16.46M	-24.24M	-27.22M	-26.47M	-13.62M	-43.87M	-53.89M	-88.88M	-85.52M
Operating Margin %	-1.58%	-1.11%	-2.23%	-1.55%	-2.98%	-4.41%	-17.55%	-81.16%	-12.24%	-18.21%
Operating Income Growth %	-0.1%	-0.13%	-0.47%	-0.12%	0.03%	0.49%	-2.22%	-0.23%	-0.65%	0.04%
EBITDA+	-13.99M	-15.21M	-22.98M	-25.38M	-25.29M	-13.12M	-42.92M	-53.15M	-83.64M	-81.3M
EBITDA Margin %	-1.52%	-1.03%	-2.11%	-1.44%	-2.85%	-4.24%	-17.17%	-80.04%	-11.52%	-17.31%
EBITDA Growth %	-0.11%	-0.09%	-0.51%	-0.1%	0%	0.48%	-2.27%	-0.24%	-0.57%	0.03%
D&A (Non-Cash Add-back)	557K	1.25M	1.26M	1.84M	1.19M	499K	951K	745K	5.24M	4.22M
EBIT	-14.55M	-16.46M	-25.48M	-27.22M	-26.47M	-14.06M	-43.87M	-53.89M	-88.31M	-75.19M
Net Interest Income+	0	0	0	0	0	0	0	-62K	-80K	-4.46M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	62K	80K	4.46M
Other Income/Expense	8K	-14K	-6K	-30K	-11K	-19K	669K	799K	7.18M	-10.89M
Pretax Income+	-14.54M	-16.47M	-24.24M	-27.25M	-26.48M	-13.63M	-43.2M	-53.09M	-81.7M	-96.41M
Pretax Margin %	-1.58%	-1.12%	-2.23%	-1.55%	-2.98%	-4.41%	-17.28%	-79.96%	-11.25%	-20.53%
Income Tax+	0	0	1.26M	-30K	0	0	0	0	1.15M	507K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1.01%	1.01%
Net Income+	-14.54M	-16.47M	-24.24M	-27.25M	-26.48M	-13.63M	-43.2M	-53.09M	-82.84M	-96.92M
Net Margin %	-1.58%	-1.12%	-2.23%	-1.55%	-2.98%	-4.41%	-17.28%	-79.96%	-11.41%	-20.64%
Net Income Growth %	0.2%	-0.13%	-0.47%	-0.12%	0.03%	0.49%	-2.17%	-0.23%	-0.56%	-0.17%
Net Income (Continuing)	-14.54M	-16.47M	-25.49M	-27.25M	-26.48M	-13.63M	-43.2M	-53.09M	-82.84M	-96.92M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.31	-0.32	-0.33	-0.31	-0.22	-0.10	-0.27	-0.32	-0.45	-0.46
EPS Growth %	0.3%	-0.03%	-0.03%	0.06%	0.29%	0.56%	-1.77%	-0.19%	-0.41%	-0.02%
EPS (Basic)	-0.31	-0.32	-0.33	-0.31	-0.22	-0.10	-0.27	-0.32	-0.45	-0.46
Diluted Shares Outstanding	46.54M	51.96M	72.79M	86.98M	111.3M	139.83M	160.66M	165.96M	182.8M	209.51M
Basic Shares Outstanding	46.54M	51.96M	72.79M	86.98M	111.3M	139.83M	160.66M	165.96M	182.8M	209.51M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	11.07M	17.35M	23.15M	17.65M	7.84M	17.56M	119.43M	91.01M	86.75M	82.47M
Cash & Short-Term Investments	7.89M	15.14M	16.97M	13.77M	5.84M	16.86M	115.37M	82.71M	73.78M	74.7M
Cash Only	7.89M	15.14M	16.97M	13.77M	5.84M	16.86M	82.65M	20.54M	45.17M	54.49M
Short-Term Investments	0	0	0	0	0	0	32.72M	62.17M	28.61M	20.22M
Accounts Receivable	1.69M	245K	695K	1.46M	1.08M	0	0	0	949K	926K
Days Sales Outstanding	67.02	6.06	23.29	30.33	44.32	-	-	-	47.72	71.97
Inventory	862K	1.23M	4.54M	1.11M	192K	0	1.78M	1.86M	3.87M	2.29M
Days Inventory Outstanding	43.82	43.38	167.83	38.05	8.18	-	324.85K	6.79K	510.1	111.2
Other Current Assets	638K	731K	1.01M	1.31M	729K	698K	2.28M	2.31M	8.15M	4.55M
Total Non-Current Assets+	2.97M	2.76M	6.55M	5.38M	4M	3.45M	10.79M	23.99M	42.88M	38.69M
Property, Plant & Equipment	1.67M	1.54M	3.25M	2.99M	3.16M	2.83M	8.6M	21.41M	22.79M	23.81M
Fixed Asset Turnover	5.51x	9.60x	3.35x	5.88x	2.81x	1.09x	0.29x	0.03x	0.32x	0.20x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	845K	718K	602K	486K	221K	164K	115K	75K	17.23M	10.97M
Long-Term Investments	435K	435K	435K	435K	435K	0	1.09M	1.42M	961K	0
Other Non-Current Assets	453K	503K	2.7M	1.91M	621K	453K	2.08M	2.5M	1.9M	3.91M
Total Assets+	14.04M	20.11M	29.7M	23.03M	11.84M	21.01M	130.22M	115M	129.63M	121.16M
Asset Turnover	0.65x	0.73x	0.37x	0.76x	0.75x	0.15x	0.02x	0.01x	0.06x	0.04x
Asset Growth %	0.18%	0.43%	0.48%	-0.22%	-0.49%	0.77%	5.2%	-0.12%	0.13%	-0.07%
Total Current Liabilities+	7.7M	7.24M	20.07M	18.19M	14.46M	10.03M	12.46M	11.43M	20.5M	45.95M
Accounts Payable	2.18M	2.19M	3.06M	2.41M	1.87M	630K	3.58M	2.06M	2.27M	1.13M
Days Payables Outstanding	110.97	77.23	113.2	82.72	79.74	164.49	654.08K	7.52K	299.03	54.87
Short-Term Debt	0	0	0	0	0	1.14M	392K	0	0	24.25M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	300K	308K
Other Current Liabilities	1.54M	2.52M	13.02M	12.21M	1.48M	-646K	1.44M	2.36M	12.14M	15.42M
Current Ratio	1.44x	2.39x	1.15x	0.97x	0.54x	1.75x	9.58x	7.96x	4.23x	1.79x
Quick Ratio	1.33x	2.22x	0.93x	0.91x	0.53x	1.75x	9.44x	7.80x	4.04x	1.74x
Cash Conversion Cycle	-0.14	-27.79	77.92	-14.34	-27.24	-	-	-	258.79	128.3
Total Non-Current Liabilities+	6.49M	5.39M	4.76M	728K	1.36M	1.97M	5.01M	13.83M	13.33M	26.44M
Long-Term Debt	0	0	0	0	0	1.15M	0	0	0	8.75M
Capital Lease Obligations	0	0	0	33K	1.36M	818K	5.01M	13.83M	12.71M	15.95M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	342K	238K	-3.54M	695K	0	0	0	0	614K	1.73M
Total Liabilities	14.2M	12.63M	24.83M	18.92M	15.81M	12M	17.47M	25.25M	33.83M	72.39M
Total Debt+	0	0	0	54K	2.04M	3.81M	6.27M	15.7M	15.04M	51.64M
Net Debt	-7.89M	-15.14M	-16.97M	-13.71M	-3.8M	-13.05M	-76.38M	-4.84M	-30.13M	-2.85M
Debt / Equity	-	-	-	0.01x	-	0.42x	0.06x	0.17x	0.16x	1.06x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-869.19x	-1110.94x	-19.19x
Total Equity+	-153K	7.47M	4.87M	4.12M	-3.98M	9.01M	112.75M	89.74M	95.8M	48.77M
Equity Growth %	-1.02%	49.85%	-0.35%	-0.15%	-1.97%	3.27%	11.52%	-0.2%	0.07%	-0.49%
Book Value per Share	-0.00	0.14	0.07	0.05	-0.04	0.06	0.70	0.54	0.52	0.23
Total Shareholders' Equity	-153K	7.47M	4.87M	4.12M	-3.98M	9.01M	112.75M	89.74M	95.8M	48.77M
Common Stock	47K	68K	79K	100K	126K	153K	164K	171K	195K	225K
Retained Earnings	-483.37M	-499.84M	-524.09M	-546.12M	-572.6M	-586.23M	-629.43M	-682.52M	-765.37M	-862.28M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-8.68M	-9.6M	-10.74M	-12.46M	0	-6.13M	-19K	-127K	210K	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-5.83M	-14.82M	-15.48M	-22.57M	-24.04M	-16.07M	-29.4M	-38.02M	-67.09M	-68.54M
Operating CF Margin %	-0.63%	-1%	-1.42%	-1.28%	-2.71%	-5.2%	-11.76%	-57.26%	-9.24%	-14.6%
Operating CF Growth %	0.55%	-1.54%	-0.04%	-0.46%	-0.07%	0.33%	-0.83%	-0.29%	-0.76%	-0.02%
Net Income	-14.54M	-16.47M	-24.24M	-27.25M	-26.48M	-13.63M	-43.2M	-53.09M	-82.84M	-96.92M
Depreciation & Amortization	557K	1.25M	1.26M	1.84M	1.65M	963K	1.46M	2.25M	7.86M	6.92M
Stock-Based Compensation	1.01M	1.22M	1.29M	1.06M	1.61M	1.3M	15.28M	15.46M	16.14M	11.54M
Deferred Taxes	287K	187K	1M	4.41M	0	0	0	0	0	0
Other Non-Cash Items	-62K	27K	-42K	203K	2.8M	-271K	314K	172K	-2.89M	19.07M
Working Capital Changes	6.93M	-1.03M	5.26M	-2.84M	-3.62M	-4.43M	-3.27M	-2.81M	-5.36M	-9.15M
Change in Receivables	-1.02M	1.44M	230K	-461K	384K	1.08M	0	0	-949K	23K
Change in Inventory	-1.03M	-558K	-4.31M	-982K	-1.29M	24K	-1.83M	-168K	-892K	-495K
Change in Payables	493K	-174K	1.15M	-1.08M	-268K	-1.39M	2.52M	-1.74M	942K	-1.14M
Cash from Investing+	-1.14M	-891K	-3.04M	-1.12M	-745K	123K	-35.32M	-38.07M	21.82M	2.67M
Capital Expenditures	-1.14M	-895K	-3.1M	-1.12M	-745K	-402K	-2.49M	-4.36M	-1.94M	-374K
CapEx % of Revenue	0.12%	0.06%	0.28%	0.06%	0.08%	0.13%	1%	6.56%	0.27%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	4K	59K	0	0	525K	0	-4.13M	0	0
Cash from Financing+	6.51M	22.96M	20.35M	20.49M	16.86M	26.98M	131.16M	14.31M	72.44M	72.89M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	139K	0	1M	8.79M	726K	175K	62K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.97M	-15.72M	-18.58M	-23.69M	-24.79M	-16.48M	-31.9M	-42.38M	-69.03M	-68.91M
FCF Margin %	-0.76%	-1.06%	-1.71%	-1.35%	-2.79%	-5.33%	-12.76%	-63.82%	-9.51%	-14.68%
FCF Growth %	0.47%	-1.26%	-0.18%	-0.28%	-0.05%	0.34%	-0.94%	-0.33%	-0.63%	0%
FCF per Share	-0.15	-0.30	-0.26	-0.27	-0.22	-0.12	-0.20	-0.26	-0.38	-0.33
FCF Conversion (FCF/Net Income)	0.40x	0.90x	0.64x	0.83x	0.91x	1.18x	0.68x	0.72x	0.81x	0.71x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-432.86%	-449.99%	-392.92%	-606.7%	-37832.86%	-541.89%	-70.96%	-52.44%	-89.3%	-134.07%
Return on Invested Capital (ROIC)	-	-	-	-	-	-	-203.48%	-66.65%	-88.54%	-114.95%
Gross Margin	21.85%	29.72%	9.32%	39.58%	3.62%	54.76%	99.92%	84.94%	61.81%	-60.35%
Net Margin	-158.27%	-111.59%	-222.6%	-154.77%	-298.03%	-441.23%	-1728%	-7995.63%	-1141.23%	-2063.78%
Debt / Equity	-	-	-	0.01x	-	0.42x	0.06x	0.17x	0.16x	1.06x
Interest Coverage	-	-	-	-	-	-	-	-869.19x	-1110.94x	-19.19x
FCF Conversion	0.40x	0.90x	0.64x	0.83x	0.91x	1.18x	0.68x	0.72x	0.81x	0.71x
Revenue Growth	163.64%	60.66%	-26.22%	61.67%	-49.53%	-65.23%	-19.09%	-73.44%	993.22%	-35.31%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Product Revenue	-	-	-	-	-	1.02M	4.12M
Product Revenue Growth	-	-	-	-	-	-	304.02%
License and Royalty Revenue	-	-	-	-	-	-	475K
License and Royalty Revenue Growth	-	-	-	-	-	-	-
Contract Revenue	-	-	-	-	-	1.35M	104K
Contract Revenue Growth	-	-	-	-	-	-	-92.31%
License And Royalty Revenue	-	-	-	-	-	4.89M	-
License And Royalty Revenue Growth	-	-	-	-	-	-	-
License	-	-	-	2.5M	664K	-	-
License Growth	-	-	-	-	-73.44%	-	-
Product	-	5.34M	1.35M	-	-	-	-
Product Growth	-	-	-74.80%	-	-	-	-
Technology Service	-	-	-	-	-	-	-
Technology Service Growth	-	-	-	-	-	-	-
License and royalty	10.01M	99K	1.72M	-	-	-	-
License and royalty Growth	-	-99.01%	1635.35%	-	-	-	-
Contract	7.6M	3.44M	25K	-	-	-	-
Contract Growth	-	-54.69%	-99.27%	-	-	-	-

Frequently Asked Questions

Growth & Financials

MicroVision, Inc. (MVIS) reported $2.6M in revenue for fiscal year 2024. This represents a 53% decrease from $5.6M in 2011.

MicroVision, Inc. (MVIS) saw revenue decline by 35.3% over the past year.

MicroVision, Inc. (MVIS) reported a net loss of $88.4M for fiscal year 2024.

Dividend & Returns

MicroVision, Inc. (MVIS) has a return on equity (ROE) of -134.1%. Negative ROE indicates the company is unprofitable.

MicroVision, Inc. (MVIS) had negative free cash flow of $58.9M in fiscal year 2024, likely due to heavy capital investments.