NASDAQ$MVIS

MicroVision Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a slight increase in revenue compared to the same quarter last year, but experienced a larger net loss.

MicroVision reported Q3 2021 revenue of $0.7 million, a slight increase from $0.6 million in Q3 2020. The company's net loss for the quarter was $9.4 million, or $0.06 per share, compared to a net loss of $2.8 million, or $0.02 per share, in the same period last year. The company ended the quarter with $125.1 million in cash and cash equivalents.

  • Q3 2021 revenue was $0.7 million, compared to $0.6 million in Q3 2020.
  • Net loss for Q3 2021 was $9.4 million, or $0.06 per share, compared to a net loss of $2.8 million, or $0.02 per share, for Q3 2020.
  • Adjusted EBITDA for Q3 2021 was negative $6.2 million, compared to negative $2.1 million in Q3 2020.
  • The Company ended the third quarter of 2021 with $125.1 million in cash and cash equivalents, compared to $16.9 million at the end of the fourth quarter of 2020.

Headline financials

Total Revenue

$718K

Previous: $639K+12.4%
EPS (adj)

-$0.06

Previous: -$0.02-200.0%
Adjusted EBITDA

-$6.2M

No prior period
Capital Expenditures

-$2.03M

Previous: -$94K-2063.8%
Free Cash Flow

-$11.4M

Previous: -$2.92M-291.0%
Net Income

-$9.38M

Previous: -$2.83M-232.0%
Operating Income

-$10.1M

Previous: -$2.82M-257.3%
Gross Profit

$728K

Previous: $639K+13.9%
Cash & Equivalents

$125M

Previous: $5.03M+2389.3%
Total Assets

$134M

Previous: $8.96M+1396.1%
Stock-Based Comp

$2.81M

Previous: $450K+524.4%

Revenue & EPS history

MicroVision · Revenue · Quarterly

$718K

Q3 2021+12.4%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

MicroVision did not provide specific financial guidance in the Q3 2021 earnings report.

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 Q3 2021

Historical avgQ3 2021

-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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