NASDAQ$MVIS

MicroVision Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

MicroVision announced Q2 2022 results, including revenue of $0.3 million and a net loss of $13.6 million.

MicroVision reported second quarter 2022 results with revenue of $0.3 million and a net loss of $13.6 million, or $0.08 per share. The company launched its new generation MicroVision MAVIN™ lidar hardware and expects to start strategic sample sales during the second half of 2022.

  • Launched new generation MicroVision MAVIN™ lidar hardware in Q2 2022.
  • Completed track testing showcasing product capabilities in complex highway driving scenarios.
  • Expects to start strategic sample sales during the second half of 2022.
  • Plans to demonstrate a drive-by-wire system in 2023 centered on lidar hardware and ADAS software.

Headline financials

Total Revenue

$314K

Previous: $746K-57.9%
EPS (adj)

-$0.08

Previous: -$0.09+11.1%
Adjusted EBITDA

-$9.17M

No prior period
Capital Expenditures

-$1.13M

Previous: -$1.88M+40.1%
Free Cash Flow

-$14.7M

Previous: -$16.8M+12.6%
Net Income

-$13.6M

Previous: -$15M+9.1%
Operating Income

-$13.7M

Previous: -$15M+8.6%
Gross Profit

$296K

Previous: $777K-61.9%
Cash & Equivalents

$37M

Previous: $135M-72.7%
Total Assets

$107M

Previous: $140M-23.7%
Stock-Based Comp

$4.12M

Previous: $7.9M-47.8%

Revenue & EPS history

MicroVision · Revenue · Quarterly

$314K

Q2 2022-57.9%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

MicroVision anticipates engaging with OEMs and Tier 1s, expecting to start strategic sample sales in the latter half of 2022. The company plans to demonstrate a drive-by-wire system in 2023.

Tailwinds

  • Successful engagement with OEMs and Tier 1s
  • Expected start of strategic sample sales in the second half of 2022
  • Plans to demonstrate a drive-by-wire system in 2023
  • Continued focus on delivering 2022 objectives
  • Highlighting the excellence and superiority of their product

Headwinds

  • Risk its ability to operate with limited cash
  • Market acceptance of its technologies and products
  • Failure of its commercial partners to perform as expected
  • Dependence on third parties to develop, manufacture, sell and market its products
  • Potential product liability claims

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 Q2 2022

Historical avgQ2 2022

-4.0%

Avg return

Earnings day

-4.4%

Avg return

5 days after

+1.9%

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%
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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