NASDAQ$MVIS

MicroVision Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

MicroVision reported its first quarter 2025 financial results, highlighting a decrease in revenue but significant improvements in operating expenses and net loss compared to the previous year.

MicroVision announced its first quarter 2025 results, with revenue at $0.6 million, a decrease from $1.0 million in Q1 2024. The company significantly reduced total operating expenses by 47% year-over-year to $14.1 million and reported a net loss of $28.8 million, an improvement from $26.3 million in Q1 2024.

  • Revenue for Q1 2025 was $0.6 million, primarily from industrial customers, down from $1.0 million in Q1 2024.
  • Total operating expenses for Q1 2025 were $14.1 million, a 47% decline year-over-year from $26.4 million in Q1 2024.
  • Net loss for Q1 2025 was $28.8 million, or $0.12 per share, which includes $16.9 million of non-cash charges.
  • Adjusted EBITDA for Q1 2025 was a $10.7 million loss, an improvement from a $18.7 million loss in Q1 2024.

Headline financials

Total Revenue

$589K

Previous: $956K-38.4%
EPS (adj)

-$0.12

Previous: -$0.13+7.7%
Total Operating Expenses

$14.1M

Previous: $26.4M-46.6%
Adjusted EBITDA

-$10.7M

Previous: -$18.7M+42.7%
Cash Used in Operations

$14.1M

Previous: $20.8M-32.2%
Capital Expenditures

-$99K

Previous: -$114K+13.2%
Net Income

-$28.8M

Previous: -$26.3M-9.4%
Operating Income

-$14M

Previous: -$26.7M+47.4%
Gross Profit

$39K

Previous: -$321K+112.1%
R&D Expense

$7.4M

Previous: $17.3M-57.2%

Revenue & EPS history

MicroVision · Revenue · Quarterly

$589K

Q1 2025-38.4%vs Q1 2024
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 is well-positioned to secure revenue opportunities for 2025 from the industrial vertical, with a commitment to high-volume deliveries in the range of $30-$50 million over the next 12-18 months.

Tailwinds

  • Well-positioned to secure revenue opportunities for 2025 from the industrial vertical.
  • Unique value proposition with integrated perception software.
  • Compelling solutions for industrial customers and automotive OEMs at attractive price points.
  • Recent capital raises have positioned the company well with an improved cost structure to support customer demand.
  • Production commitment with ZF enables high-volume deliveries of $30-$50 million over the next 12-18 months.

Headwinds

  • Ability to operate with limited cash or to raise additional capital when needed.
  • Market acceptance of its technologies and products or for products incorporating its technologies.
  • Failure of commercial partners to perform as expected under agreements.
  • Financial and technical resources relative to competitors.
  • Ability to keep up with rapid technological change.

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 2025

Historical avgQ1 2025

-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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