MicroVision Inc Stock Research

Market Summary

USD4.46+0.41

Market Closed

10.12%

MVIS Stock Price

MVIS RSI Chart

MVIS Valuation

Market Cap

785.1M

Price/Earnings (Trailing)

-13.32

Price/Sales (Trailing)

1.2K

Price/Free Cashflow

-17.57

MVIS Price/Sales (Trailing)

MVIS Profitability

Operating Margin

98.81%

Return on Equity

-59.16%

Return on Assets

-46.17%

Free Cashflow Yield

-5.69%

MVIS Fundamentals

MVIS Revenue

Revenue (TTM)

664.0K

Revenue Y/Y

-100%

Revenue Q/Q

-100%

MVIS Earnings

Earnings (TTM)

-59.0M

Earnings Y/Y

-44.49%

Earnings Q/Q

-41.2%

Price Action

52 Week Range

1.825.96

(Low)(High)

Last 7 days

9.9%

Last 30 days

123%

Last 90 days

89.0%

Trailing 12 Months

19.9%

MVIS Financial Health

Current Ratio

7.96

MVIS Investor Care

Diluted EPS (TTM)

-0.35

Peers (Alternatives to MicroVision)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
APH	45.7B	12.6B	1.72%	8.86%	23.85	3.61	10.43%	13.56%
KEYS	28.9B	5.6B	12.19%	11.73%	25.01	5.2	10.78%	21.45%
ZBRA	14.9B	5.8B	-7.03%	-22.05%	30.01	2.57	0.74%	-49.88%
JBL	12.2B	35.1B	16.78%	47.24%	12.63	0.35	14.26%	19.33%
MID-CAP
CGNX	9.6B	924.8M	17.09%	13.58%	55.45	10.42	-14.41%	-37.34%
DLB	7.8B	1.3B	-3.14%	3.50%	32.07	6.08	1.65%	12.47%
NOVT	6.0B	875.8M	9.03%	32.56%	81.18	6.81	17.02%	27.07%
IPGP	5.4B	1.4B	-1.03%	11.02%	53.58	3.83	-5.29%	-64.10%
FN	4.3B	2.6B	24.68%	35.03%	17.8	1.68	18.01%	30.39%
SMALL-CAP
OSIS	2.0B	1.2B	5.72%	41.29%	24.02	1.66	2.10%	-22.63%
KN	1.7B	707.6M	7.17%	-6.17%	-3.65	2.34	-18.53%	-390.64%
MEI	1.5B	1.2B	6.00%	-3.40%	15.83	1.29	-0.75%	-27.24%
MVIS	785.1M	664.0K	123.00%	19.89%	-13.32	1.2K	-73.44%	-17.58%
NSYS	25.5M	138.3M	-5.50%	-19.57%	10	0.18	11.71%	-71.12%
LGL	25.2M	-	6.80%	-57.68%	-8.39	0.7	11.26%	-120.32%

Financials for MicroVision

* denotes actual numbers (not divided by Thousands)
Income Statement (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-45.6%	664	1,221	1,939	2,371	2,500
Cost Of Revenue	-13.0%	100	115	60.00	11.00	2.00
Gross Profit	-49.0%	564	1,106	1,879	2,360	-
Operating Expenses	1.6%	54,454	53,622	51,362	53,128	-
S&GA Expenses	-1.1%	24,041	24,312	23,796	25,886	-
R&D Expenses	3.8%	30,413	29,310	27,566	27,242	-
Net Income	-1.6%	-53,091	-52,241	-48,772	-50,137	-
Net Income Margin	-7.1%	-26.94*	-25.15*	-21.15*	-17.28*	-
Free Cahsflow	-5.3%	-42,378	-40,251	-40,468	-38,592	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	7.2%	123	115	109	107	118
Current Assets	-15.4%	77.00	91.00	88.00	96.00	107
Cash Equivalents	33.5%	27.00	21.00	22.00	37.00	56.00
Inventory	67.4%	3.00	2.00	2.00	2.00	2.00
Net PPE	50.6%	10.00	7.00	5.00	3.00	3.00
Liabilities	45.4%	37.00	25.00	24.00	13.00	14.00
Current Liabilities	93.9%	22.00	11.00	10.00	8.00	9.00
Shareholder's Equity	-3.6%	87.00	90.00	86.00	94.00	103
Retained Earnings	-2.8%	-701	-682	-669	-656	-642
Additional Paid-In Capital	2.0%	788	772	755	750	746
Shares Outstanding	7.1%	176	164	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-6.8%	-40.59	-38.02	-37.77	-38.73	-35.78
Share Based Compensation	-5.1%	15.00	15.00	15.00	14.00	17.00
Cashflow From Investing	58.7%	-15.74	-38.07	-64.33	-58.20	-50.83
Cashflow From Financing	89.0%	27.00	14.00	-0.07	-0.41	68.00

Risks for MVIS

What is the probability of a big loss on MVIS?

100%

Probability that MicroVision stock will be more than 20% underwater in next one year

100%

Probability that MicroVision stock will be more than 30% underwater in next one year.

100%

Probability that MicroVision stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MVIS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MicroVision was unfortunately bought at previous high price.

Drawdowns

Returns for MVIS

Cumulative Returns on MVIS

4.1%

10-Year Cumulative Returns

13.0%

7-Year Cumulative Returns

22.3%

5-Year Cumulative Returns

71.8%

3-Year Cumulative Returns

What are the long-term rolling returns for MVIS?

FIve years rolling returns for MicroVision.

Annualized Returns

Which funds bought or sold MVIS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	added	1.28	25,224	192,638	-%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-33.00	-	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-29.85	-54,000	214,000	-%
2023-05-18	JPMORGAN CHASE & CO	reduced	-29.46	-140,000	570,000	-%
2023-05-17	Advisory Services Network, LLC	unchanged	-	9.00	75.00	-%
2023-05-16	Gould Capital, LLC	unchanged	-	64.00	534	-%
2023-05-16	MERCER GLOBAL ADVISORS INC /ADV	added	6.84	37,000	209,000	-%
2023-05-16	COLONY GROUP LLC	added	77.28	37,000	73,000	-%
2023-05-16	Baker Avenue Asset Management, LP	sold off	-100	-329	-	-%
2023-05-16	JANE STREET GROUP, LLC	added	185	380,745	550,234	-%

Latest Funds Activity

Are funds buying MVIS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MVIS

No. of Funds

MicroVision News

Schedule 13G FIlings of MicroVision

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	6.21%	10,309,847	SC 13G/A
Feb 03, 2023	blackrock inc.	7.9%	13,090,001	SC 13G/A
Feb 10, 2022	vanguard group inc	5.59%	9,171,685	SC 13G
Feb 04, 2022	blackrock inc.	6.5%	10,689,064	SC 13G
Mar 06, 2020	awm investment company, inc.	4.3%	5,316,342	SC 13G/A
Feb 12, 2020	awm investment company, inc.	5.6%	6,927,200	SC 13G/A

MVIS Fair Value

Show Fair-Value

Recent SEC filings of MicroVision

View All Filings

Date Filed	Form Type	Document
May 19, 2023	8-K	Current Report
May 18, 2023	4	Insider Trading
May 18, 2023	4	Insider Trading
May 18, 2023	4	Insider Trading
May 18, 2023	4	Insider Trading
May 18, 2023	4	Insider Trading
May 18, 2023	4	Insider Trading
May 10, 2023	10-Q	Quarterly Report
May 09, 2023	8-K	Current Report
Apr 18, 2023	8-K/A	Current Report

Latest Insider Trading transactions for MVIS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-16	BIDDISCOMBE SIMON	acquired	-	-	7,492	-
2023-05-16	Curran Judith Mecham	acquired	-	-	7,492	-
2023-05-16	Spitzer Mark Bradley	acquired	-	-	7,492	-
2023-05-16	TURNER BRIAN V	acquired	-	-	7,492	-
2023-05-16	Herbst Jeffrey A	acquired	-	-	7,492	-
2023-05-16	Carlile Robert Paul	acquired	-	-	7,492	-
2023-04-11	Sharma Sumit	sold (taxes)	-183,235	2.4266	-75,511	ceo
2023-04-10	Sharma Sumit	acquired	-	-	300,000	ceo
2023-03-13	Sharma Sumit	acquired	214,000	2.14	100,000	ceo
2023-03-01	TURNER BRIAN V	acquired	-	-	7,492	-

About MicroVision

MVIS Income Statement

2023-03-31

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue	$ 782	$ 350
Cost of revenue	544	4
Gross profit	238	346
Research and development expense	12,692	7,593
Sales, marketing, general and administrative expense	8,737	5,877
Total operating expenses	21,429	13,470
Loss from operations	(21,191)	(13,124)
Bargain purchase gain, net of tax	1,706	0
Other income (expense), net	639	(44)
Net loss before taxes	(18,846)	(13,168)
Provision for income taxes	(181)	0
Net loss	$ (19,027)	$ (13,168)
Net loss per share, basic	$ (0.11)	$ (0.08)
Net loss per share, diluted	$ (0.11)	$ (0.08)
Weighted-average shares outstanding - basic	174,703	164,563
Weighted-average shares outstanding - diluted	174,703	164,563

MVIS Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 23,187	$ 20,536
Investment securities, available-for-sale	44,544	62,173
Restricted cash, current	3,263	0
Accounts receivable, net	506	0
Contract assets	192	0
Inventory	3,116	1,861
Advance to Ibeo	0	4,132
Other current assets	2,182	2,306
Total current assets	76,990	91,008
Property and equipment, net	10,284	6,830
Operating lease right-of-use asset	14,746	14,579
Restricted cash	961	1,418
Intangible assets, net	19,000	75
Other assets	1,281	1,086
Total assets	123,262	114,996
Current liabilities
Accounts payable	3,629	2,061
Accrued liabilities	4,223	2,058
Accrued liability for Ibeo business combination	6,191	0
Contract liabilities	5,676	4,601
Current portion of operating lease liability	2,210	1,846
Current portion of finance lease obligations	15	21
Other current liabilities	211	839
Total current liabilities	22,155	11,426
Operating lease liability, net of current portion	13,729	13,829
Deferred tax liabilities	823	0
Other long-term liabilities	17	0
Total liabilities	36,724	25,255
Commitments and contingencies (Note 10)
Shareholders' equity
Preferred stock, par value $0.001; 25,000 shares authorized; zero and zero shares issued and outstanding	0	0
Common stock, par value $0.001; 210,000 shares authorized; 176,026 and 170,503 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	176	171
Additional paid-in capital	787,856	772,221
Accumulated other comprehensive loss	57	(127)
Accumulated deficit	(701,551)	(682,524)
Total shareholders' equity	86,538	89,741
Total liabilities and shareholders' equity	$ 123,262	$ 114,996