NASDAQ$MVIS

MicroVision Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2020 results.

MicroVision made progress in advancing automotive LiDAR development, bolstering the balance sheet, building the strength of the team, and adding expertise to the Board of Directors while exploring strategic alternatives.

  • Advanced automotive LiDAR development.
  • Bolstered balance sheet.
  • Built strength of the team.
  • Added expertise to the Board of Directors.

Headline financials

Total Revenue

$395K

Previous: $4.61M-91.4%
EPS (adj)

-$0.02

Previous: -$0.03+33.3%
Capital Expenditures

$308K

No prior period
Free Cash Flow

-$4.54M

No prior period
Net Income

-$3.57M

Previous: -$3.3M-8.2%
Operating Income

-$3.56M

No prior period
Gross Profit

$392K

No prior period
Cash & Equivalents

$16.9M

No prior period
Total Assets

$21M

No prior period
Stock-Based Comp

$458K

No prior period

Revenue & EPS history

MicroVision · Revenue · Quarterly

$395K

Q4 2020-91.4%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

A-Sample hardware and benchmarked data, for demonstration to interested parties, will be available in the April 2021 timeframe.

Tailwinds

  • A-Sample hardware and benchmarked data will be available in April 2021.
  • 1st generation Long Range Lidar sensor could be available for sale in small quantities in Q3 or Q4 2021.
  • Advancing our automotive LiDAR development
  • Bolstering our balance sheet
  • Building the strength of our team

Headwinds

  • Risk of not succeeding in finding licensing or other strategic solutions.
  • 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 its agreements, including from the impact of COVID-19 (coronavirus).
  • Failure to perform under open purchase orders

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 Q4 2020

Historical avgQ4 2020

-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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