NASDAQ$MVIS

MicroVision Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Announced first quarter 2024 results, highlighting OEM engagement and pursuit of near-term revenue opportunities.

MicroVision reported its Q1 2024 results, emphasizing ongoing engagement with automotive OEMs and a strategic focus on securing near-term revenue opportunities within industrial markets and through partnerships, while maintaining fiscal discipline.

  • Remained confident in engagement with automotive OEMs due to positive feedback.
  • Actively pursuing near-term revenue opportunities in industrial markets and partnerships.
  • Committed to establishing itself as a leading automotive OEM supplier of lidar hardware and software solutions.
  • Focused on fiscal discipline amidst automotive industry headwinds.

Headline financials

Total Revenue

$956K

Previous: $782K+22.3%
EPS

-$0.13

Previous: -$0.11-18.2%
Total Operating Expenses

$26.4M

No prior period
Adjusted EBITDA

-$18.7M

Previous: -$15.8M-18.1%
Cash Used in Operations

$20.8M

Previous: -$13.8M+250.7%
Capital Expenditures

-$114K

Previous: -$615K+81.5%
Free Cash Flow

-$26.4M

Previous: -$19.6M-34.5%
Net Income

-$26.3M

Previous: -$19M-38.3%
Operating Income

-$26.7M

Previous: -$21.2M-26.0%
Gross Profit

-$321K

Previous: $238K-234.9%
R&D Expense

$17.3M

No prior period
Stock-Based Comp

$3.74M

Previous: $2.95M+26.9%

Revenue & EPS history

MicroVision · Revenue · Quarterly

$956K

Q1 2024+22.3%vs Q1 2023
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Revenue by segment

MicroVision · $935K total across 2 segments · Q1 2026

  • Product Revenue
    $909K
  • License and Royalty
    $26K

Forward guidance

MicroVision provided forward-looking statements regarding customer engagement, revenue opportunities, expense reduction, market position, product portfolio and capabilities and expected revenue, expenses and cash usage.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-4.0%

Avg return

Earnings day

-4.4%

Avg return

5 days after

+0.9%

Avg return

30 days after

37%

24 / 65 earnings

Positive

+21.7%

Q4 2020

Best reaction

-31.9%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.7%-2.2%-39.4%
Q4 2025-29.5%-28.2%-17.9%
Q3 2025-11.3%-14.0%-12.1%
Q2 2025-0.9%+1.8%-0.9%
Q1 2025+0.9%-2.7%+12.5%
Q4 2024-6.5%-14.4%-12.9%
Q3 2024-0.9%-8.3%-17.6%
Q2 2024-3.0%-8.6%+5.4%
Q1 2024-24.7%-13.6%-34.0%
Q4 2023+5.8%+0.0%-17.5%
Q3 2023-1.0%+6.5%+27.4%
Q2 2023-12.5%-13.9%-27.6%
Q1 2023+1.7%+8.6%+228.3%
Q4 2022-6.0%-0.4%+2.8%
Q3 2022-3.8%-2.4%-18.9%
Q2 2022+12.9%+10.3%+8.6%
Q1 2022+5.4%+21.1%+24.4%
Q4 2021+16.7%+38.5%+30.8%
Q3 2021-8.0%+4.8%-15.2%
Q2 2021+10.3%+27.5%+19.2%
Q1 2021-27.3%-26.6%-25.7%
Q4 2020+21.7%+17.3%-0.9%
Q3 2020-28.2%-23.7%-4.6%
Q2 2020-25.6%-40.2%-41.7%
Q1 2020-31.9%-18.6%-9.7%
Q4 2019-16.7%-29.2%-12.5%
Q3 2019+5.6%+2.8%+5.6%
Q2 2019-7.4%-13.6%-7.4%
Q1 2019-15.1%-19.3%-30.3%
Q4 2018-7.7%+2.6%-18.8%
Q3 2018-4.7%-4.7%-12.1%
Q2 2018+7.6%+5.4%+15.2%
Q1 2018+0.0%+5.9%-4.4%
Q4 2017-9.8%-6.5%-8.9%
Q3 2017-29.0%-28.5%-26.2%
Q2 2017+6.9%+6.5%-0.4%
Q1 2017-17.3%-20.2%-22.8%
Q4 2016+4.3%+2.5%+37.0%
Q3 2016+11.7%+18.1%+71.3%
Q2 2016-10.9%-15.4%-13.1%
Q1 2016+16.3%
Q4 2015-11.9%
Q3 2015-8.6%
Q2 2015-10.1%
Q1 2015-4.5%
Q4 2014+7.9%
Q3 2014+1.7%
Q2 2014+3.8%
Q1 2014+1.3%
Q4 2013+0.5%
Q3 2013-6.9%
Q2 2013-3.5%
Q1 2013+4.7%
Q4 2012-2.9%
Q3 2012-1.3%
Q2 2012-1.0%
Q1 2012+1.2%
Q4 2011-9.8%
Q3 2011+0.0%
Q2 2011+3.8%
Q1 2011+1.5%
Q4 2010-3.2%
Q3 2010-2.9%
Q2 2010-4.2%
Q1 2010+5.8%

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