One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
MicroVision, Inc.
MVIS · NCM · Technology · Scientific & Technical Instruments
Current price
$1.15
52-week range
$1.08 - $16.65
Market cap
$38.98M
Balance sheet
Distressed
-3.74x Concerning
Net debt $13.66M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 316.5% last year.
- Risk Return on equity was -197.8% last year — the company lost money on shareholders' equity.
What this company does
MicroVision, Inc.
MicroVision makes special sensors, called lidar, that help cars and other machines "see" their surroundings, and their money mainly comes from selling these sensors and related services to companies making cars and robots. This matters because these "eyes" are crucial for self-driving technology and automation.
How the company got here
MicroVision was founded in 1993, initially focusing on developing laser beam scanning technology for miniature displays and projection systems. For many years, the company's expertise was in this niche, even contributing to early augmented reality concepts. However, around 2018, MicroVision strategically shifted its focus towards the automotive industry, recognizing the growing need for advanced sensing technologies like lidar. This pivot involved leveraging their existing laser scanning capabilities to develop lidar sensors for advanced driver-assistance systems (ADAS) and autonomous driving. In 2023, MicroVision further bolstered its lidar offerings by acquiring key assets from Ibeo Automotive Systems, which included flash lidar and perception software, positioning the company to offer more comprehensive solutions in the evolving automotive and industrial sensing markets.
What it actually does
MicroVision develops and commercializes lidar sensors and perception software. Lidar, which stands for Light Detection and Ranging, is a technology that uses lasers to measure distances and create detailed 3D maps of the environment. Think of it like radar, but using light instead of radio waves. This technology is crucial for applications that require precise environmental awareness, such as self-driving cars, industrial automation, and security systems. MicroVision's products help machines 'see' and understand their surroundings by detecting objects and their distances.
Lidar Sensors
MicroVision offers a range of lidar sensors designed for different applications. Their MAVIN sensors are MEMS-based and designed for long-range detection, crucial for high-speed driving scenarios in vehicles. The MOVIA sensors are flash-based and suited for short- to mid-range detection, useful in robotics and industrial automation. They also provide other long-range sensors like IRIS, HALO, and Scantinel, which utilize different technologies (like 1550nm and FMCW lidar) to achieve specific performance characteristics for demanding applications. These sensors are the core hardware that emits laser pulses and measures the reflections to build a spatial understanding of the environment.
Perception Software
Beyond the hardware, MicroVision develops perception software that acts as the 'brain' for its lidar sensors. This software takes the raw data collected by the lidar sensors and processes it to identify and classify objects, determine their distances, and understand the surrounding environment. This is essential for applications like advanced driver-assistance systems (ADAS), where the car needs to recognize pedestrians, other vehicles, and obstacles. MicroVision's software suite, including the MOSAIK™ platform, helps in validating sensor data and training artificial intelligence (AI) models for these complex tasks.
What management is betting on now
MicroVision's current strategy is focused on accelerating revenue growth and achieving profitability through disciplined operations. Management is prioritizing securing automotive 'nominations,' which are essentially commitments from car manufacturers to use MicroVision's lidar sensors in their future vehicle models. They are also working to commercialize their expanded product portfolio, including sensors acquired from Ibeo, and to build revenue streams outside of the long automotive sales cycles. This includes focusing on industrial, security, and defense markets, which often have shorter sales cycles. The company is also concentrating on improving the efficiency of its operations and managing its cash burn, aiming to reduce overall operating expenses.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$-15.16M
FY2025 Q1
$-14.20M
FY2025 Q2
$-12.94M
FY2025 Q3
$-16.62M
FY2025 Q4
$-15.65M
FY2026 Q1
$-16.59M
FY2026 Q2
$-19.45M
FY2026 Q3
$-15.00M
Revenue
$2.40M
Net income
$-12.23M
Diluted EPS
-0.45
Operating cash flow
$-13.64M
Free cash flow
$-15.00M
Fetching…
Sources
Revenue
$1.47M
Net income
$-36.94M
Diluted EPS
-1.66
Operating cash flow
$-19.14M
Free cash flow
$-19.45M
Fetching…
Sources
Revenue
$935.00K
Net income
$-25.29M
Diluted EPS
-0.08
Operating cash flow
$-16.44M
Free cash flow
$-16.59M
Fetching…
Sources
Revenue
$223.00K
Net income
$-37.76M
Diluted EPS
-0.12
Operating cash flow
$-15.40M
Free cash flow
$-15.65M
Fetching…
Sources
Revenue
$241.00K
Net income
$-14.22M
Diluted EPS
-0.05
Operating cash flow
$-16.49M
Free cash flow
$-16.62M
Fetching…
Sources
Revenue
$155.00K
Net income
$-14.23M
Diluted EPS
-0.06
Operating cash flow
$-12.73M
Free cash flow
$-12.94M
Fetching…
Sources
Revenue
$589.00K
Net income
$-28.78M
Diluted EPS
-0.12
Operating cash flow
$-14.10M
Free cash flow
$-14.20M
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Sources
Revenue
$1.65M
Net income
$-31.16M
Diluted EPS
-0.15
Operating cash flow
$-15.06M
Free cash flow
$-15.16M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $1.15
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $13.7M. Interest coverage -3.7x.
Net debt
$13.66M
Interest coverage
-3.74x
MicroVision, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
MVIS
BASELINE
MicroVision, Inc.
Total debt $42.55M Interest coverage -3.74x This is the baseline the peer rows are being compared against.
Total debt $1.49M Interest coverage -396.66x Neither company has much profit cushion over interest right now.
Total debt $35.63M Interest coverage -621.40x Neither company has much profit cushion over interest right now.
Total debt $6.77M Interest coverage 0.06x This peer still has a real interest-payment cushion, while MVIS does not.
What you should know
The case for and against MVIS
1 Reward
1 Risk
Rewards
-
Revenue grew 316.5% last year.
Risks
-
Return on equity was -197.8% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-6.03x
P/B
1.63x
P/S
7.75x
EV/EBITDA
-0.63x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
-276.2%
Operating margin
-889.2%
Net margin
0.0%
ROE
-197.8%
ROA
-48.2%
Health
Liquidity and balance-sheet strength
Debt / equity
1.87x
Current ratio
0.80x
Quick ratio
0.64x
Total debt
$42.55M
Total cash
$28.89M
Growth
How the business has been compounding
Revenue TTM
$5.03M
Revenue 5Y CAGR
-16.6%
EPS TTM
-5.13
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-64.63M
Free CF TTM
$-59.40M
FCF margin
-1,180.7%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
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