Microvision (MVIS)

MicroVision Inc. is a pioneering company in MEMS based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. The Company's integrated approach uses its proprietary technology to provide solutions for automotive lidar sensors, augmented reality micro-display engines, interactive display modules and consumer lidar modules.

Company profile

Ticker

MVIS

Exchange

NASDAQ

Website

www.microvision.com

CEO

Sumit Sharma

Incorporated

Delaware

Location

Washington

Fiscal year end

Dec 31

Sector

Manufacturing > Electromedical and Electrotherapeutic Apparatus Manufacturing

Industry (SIC)

Electronic Components, NEC

Varex Imaging • Advanced Energy Industries • Vicor • Nortech Systems • Impinj • Espey Manufacturing & Electronics • LGL • Bonso Electronics International • Neonode • Inrad Optics ...

Former names

MICROVISION INC

SEC CIK

0000065770

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

IRS number

911600822

MVIS stock data

1M 1Y 5Y

News

From Benzinga Pro

Microvision Stock Defies The S&P 500, May Be Forming Bullish Pattern: Here's How To Trade It

29 Apr 22

Microvision, Inc (NASDAQ: MVIS) shares spiked over 12% higher at one point on Friday, after sinking over 10% in one instance Thursday due to a bearish reaction to the company printing a first-quarter<

What's Going On With MicroVision Shares Today?

28 Apr 22

MicroVision, Inc. (NASDAQ: MVIS) shares were trading nearly 10% lower today after the company reported worse-than-expected first-quarter EPS and sales results. Shares actually parred those losses as the session went on and closed the day up 2 cents.

Microvision Q1 EPS $(0.08) Misses $(0.07) Estimate, Sales $400.00K Miss $720.00K Estimate

27 Apr 22

Microvision (NASDAQ:MVIS) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $(0.07) by 14.29 percent. This is a 100 percent decrease over losses of $(0.04) per share from the

Earnings Scheduled For April 27, 2022

27 Apr 22

Earnings Preview For Microvision

26 Apr 22

Press releases

From Benzinga Pro

MicroVision to Participate in Upcoming Investor Conferences

28 Apr 22

REDMOND, WA / ACCESSWIRE / April 28, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced management will participate in one-on-one meetings in

MicroVision Announces First Quarter 2022 Results

27 Apr 22

REDMOND, WA / ACCESSWIRE / April 27, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its first quarter 2022 results."We made

MicroVision Releases Videos of Track Testing for Ground-Truth Data

26 Apr 22

REDMOND, WA / ACCESSWIRE / April 26, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, announced its release of a series of videos documenting track testing

MicroVision to Announce First Quarter 2022 Results on April 27, 2022

20 Apr 22

MicroVision to Participate in Virtual Fireside Chat Webcast and One-On-One Investor Meetings on April 13, 2022

8 Apr 22

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

28 Apr 22

20 May 22

31 Dec 22

Financial summary

Financial statements Chart MVIS financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	56.7M	56.7M	56.7M	56.7M	56.7M	56.7M
Cash burn (monthly)	9.01M	1.59M	4.37M	4.23M	3.64M	958.75K
Cash used (since last report)	14.94M	2.63M	7.25M	7.01M	6.03M	1.59M
Cash remaining	41.76M	54.07M	49.45M	49.69M	50.68M	55.11M
Runway (months of cash)	4.6	34.0	11.3	11.7	13.9	57.5

Beta Read what these cash burn values mean

Financial data from Microvision earnings reports.

Recent insider trades

MVIS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
12 Apr 22	Sharma Sumit	Common Stock	Payment of exercise	Dispose F	No	No	3.7143	86,231	320.29K	752,398
8 Apr 22	Sharma Sumit	Common Stock	Grant	Acquire A	No	No	0	300,000	0	838,629
1 Apr 22	Jeffrey A Herbst	Common Stock	Grant	Acquire A	No	No	0	3,456	0	3,456
17 Mar 22	Anubhav Verma	Common Stock	Payment of exercise	Dispose F	No	No	4.2235	4,668	19.72K	12,098
16 Mar 22	Anubhav Verma	Common Stock	Option exercise	Acquire M	No	No	0	16,766	0	16,766
16 Mar 22	Anubhav Verma	RSU Common Stock	Option exercise	Dispose M	No	No	0	16,766	0	0
11 Feb 22	Drew G Markham	Common Stock	Payment of exercise	Dispose F	No	No	3.8335	1,519	5.82K	3,481
10 Feb 22	Drew G Markham	Common Stock	Option exercise	Acquire M	No	No	0	5,000	0	5,000
10 Feb 22	Drew G Markham	RSU Common Stock	Option exercise	Dispose M	No	No	0	5,000	0	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MVIS institutional ownership history Ownership history

29.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	149	171	-12.9%
Opened positions	21	35	-40.0%
Closed positions	43	18	+138.9%
Increased positions	47	56	-16.1%
Reduced positions	40	42	-4.8%

13F shares	Current	Prev Q	Change
Total value	236.98M	2.01B	-88.2%
Total shares	49.23M	47.25M	+4.2%
Total puts	1.83M	2.78M	-34.2%
Total calls	2.86M	4.2M	-31.8%
Total put/call ratio	0.6	0.7	-3.6%

Largest owners	Shares	Value	Change
BLK Blackrock	10.57M	$49.35M	-1.1%
Vanguard	9.01M	$42.1M	-1.7%
STT State Street	4.35M	$20.32M	+7.6%
Mirae Asset Global Investments	3.71M	$17.31M	NEW
MS Morgan Stanley	3.08M	$14.39M	+80.9%
Geode Capital Management	2.72M	$12.71M	-2.7%
NTRS Northern Trust	1.62M	$7.54M	-1.7%
Renaissance Technologies	1.52M	$7.08M	NEW
Charles Schwab Investment Management	1.19M	$5.55M	+2.7%
Susquehanna International	1.1M	$5.12M	+10.0%

Largest transactions	Shares	Bought/sold	Change
Mirae Asset Global Investments	3.71M	+3.71M	NEW
Renaissance Technologies	1.52M	+1.52M	NEW
MS Morgan Stanley	3.08M	+1.38M	+80.9%
Citadel Advisors	68.62K	-1.12M	-94.2%
Two Sigma Investments	0	-722.06K	EXIT
NA National Bank of Canada	0	-494.8K	EXIT
JPM JPMorgan Chase & Co.	754.11K	+479.42K	+174.5%
Sculptor Capital	572.2K	+460.6K	+412.7%
Seven Eight Capital	0	-360.11K	EXIT
BNP Paribas Arbitrage	14.61K	-338.48K	-95.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Product revenue is revenue from sales of our products which are LBS modules and their components. Revenue is recognized when control of the goods passes to the customer.
The decrease in product revenue for the year ended December 31, 2021 compared to the same period in 2020 was due to ceasing product shipments in March 2020 in connection with our transfer of production to our customer. From the third quarter of 2019 through the end of February 2020, we produced and sold to the customer components to a high definition display system that we developed for the customer pursuant to a development agreement. The volume and resulting revenue and gross profit from this arrangement was fairly low. Therefore, in March 2020 we transferred production of the components to the customer. Starting in March 2020, instead of recognizing product revenue and the related cost, we earn a royalty from the customer for each unit shipped.
Product revenue backlog at December 31, 2021 and 2020 was zero.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Good

New words: acquire, acquired, advance, advanced, advice, agency, alternative, amortization, approach, arisen, Assisted, assumption, authoritative, automobile, bigger, camera, center, classification, combine, combined, Comprehensive, consulting, correct, corroborated, cyclical, dealer, dedicate, deployed, depression, Difficulty, driver, dynamic, economy, efficiency, electrification, encouraging, enhanced, Europe, expand, expanding, fast, field, framework, fuel, fusion, goodwill, government, hampered, hertz, hierarchy, highest, identical, impaired, impairment, inaccurate, inclusion, inflationary, injury, innovative, intangible, invasion, large, larger, leverage, masking, maximize, measured, measurement, measuring, microdisplay, mind, minimize, mission, multinational, North, orderly, outperform, partnership, pension, perception, platform, postpone, presence, prevalent, prioritize, qualification, quoted, radar, regulation, release, relevant, reluctant, reopened, resolution, response, rest, running, satisfaction, shift, shifted, shown, size, stack, stockholder, talent, traffic, transparency, turn, Ukraine, undetected, unforeseen, unknown, unobservable, unrealized, vaccination, vehicle, velocity, view, win, workplace

Removed: accelerate, accelerated, avoidance, backlog, binomial, borrower, building, ceasing, characterized, collateral, collision, commerce, commitment, conclude, concurrent, constrain, continuously, cooperative, customary, cycle, default, Defending, delivery, department, diode, discussed, document, earned, equivalent, evaluating, evidenced, exclusive, exclusivity, exploratory, exploring, extension, fall, feasibility, fee, fixed, forgivable, granting, greatly, implementation, incentive, incorporate, incorporated, increasing, individual, involved, Lastly, lead, licensee, Lincoln, matter, maturity, merger, met, Mobility, monthly, note, open, order, partial, payroll, performing, planned, prepay, produced, producing, profit, promissory, proposed, prospect, prototype, pursuit, rapid, raw, recorded, repayable, retention, retire, schedule, Sharp, ship, shipped, suffer, terminated, thereunder, unit, unsuccessful, unwilling, variability, variance

From filing 10-Q 2022 Q1

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