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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.

MVIS stock data

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
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

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
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%

Financial report summary

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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

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Readability
H.S. sophomore Good
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