MVIS MICROVISION, INC.
Price Chart
Executive Summary
MicroVision reported Q1 2026 revenue of $0.9M, up 58.7% YoY from $0.6M, but operating expenses surged to $23.9M from $14.1M, driven by acquisition and integration costs. Net loss narrowed to $25.3M ($0.08/share) from $28.8M ($0.12/share) a year ago, but cash burn deepened to $16.4M in operations, and cash reserves dropped to $46.1M from $74.8M at year-end 2025. The results are overshadowed by recent dilutive filings (S-3, 424B5) registering up to 61.3M shares for resale by noteholders, creating significant overhang.
Key Financial Metrics
Actionable Insight
Monitor the upcoming Deutsche Bank conference (May 19-20) for order pipeline updates and any capital raise announcements. The 61.3M share overhang from the High Trail registration is the dominant near-term risk — any conversion and resale would pressure the stock. Cash runway of ~3 quarters at current burn rate suggests another capital raise is likely before year-end.
Key Facts
- Q1 2026 revenue $0.9M vs $0.6M YoY (+58.7%)
- Net loss $25.3M ($0.08/share) vs $28.8M ($0.12/share) YoY
- Operating expenses $23.9M, up 69.5% from $14.1M YoY
- Adjusted EBITDA loss widened to $17.2M from $10.7M YoY
- Cash used in operations $16.4M vs $14.1M YoY
- Cash & investments fell to $46.1M from $74.8M at Dec 31, 2025
- Recent S-3/A and 424B5 filings register up to 61.3M shares for resale by High Trail noteholders
- Workforce reduced ~15% in Q1; engineering consolidated from Redmond to Orlando
Financial Impact
Revenue grew to $0.9M but operating loss widened to $23.5M; cash burn of $16.4M per quarter at current $46.1M cash gives ~2.8 quarters of runway without additional capital
Risk Factors
- 61.3M share overhang from High Trail convertible note resale registration
- Cash burn of $16.4M/quarter with only $46.1M remaining
- Operating expenses growing faster than revenue (69.5% vs 58.7%)
- No guidance provided; limited visibility on revenue trajectory
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-022740 |
| Document: form8-k.htm | 0001493152-26-022740 |
| Document: 0001493152-26-022740-index-headers.html | 0001493152-26-022740 |
| Document: 0001493152-26-022740-index.html | 0001493152-26-022740 |
| Document: 0001493152-26-022740.txt | 0001493152-26-022740 |
| 8-K Data (Synthetic) | 0001493152-26-022740 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
|
8-K
| $0.3644 awaiting T+1 | awaiting T+1 | — | $0.3600 (+1.21%) |
|
Jun 12, 2026
today
|
S-3
| $0.3644 awaiting T+1 | awaiting T+1 | — | $0.3600 (+1.21%) |
|
Jun 10, 2026
2d ago
|
8-K
| $0.3650 awaiting T+1 | awaiting T+1 | — | $0.3600 (−1.37%) |
|
Jun 1, 2026
11d ago
|
8-K
| $0.4100 $0.4269 | ▲ +4.12% | ▲ +4.82% | $0.3600 (−12.20%) |
|
May 13, 2026
4w ago
|
8-K
| $0.6000 $0.6000 | · 0.00% | ▲ +0.01% | $0.3600 (+40.00%) |
|
May 4, 2026
5w ago
|
424B5
| $0.6700 $0.6600 | ▲ +1.49% | ▲ +2.88% | $0.3600 (+46.27%) |
|
Apr 24, 2026
7w ago
|
S-3
| $0.6200 $0.6500 | ▼ −4.84% | ▼ −5.32% | $0.3600 (+41.94%) |
|
Apr 7, 2026
9w ago
|
8-K
| $0.6000 $0.6500 | ▲ +8.33% | ▲ +5.79% | $0.3600 (−40.00%) |
|
Mar 4, 2026
14w ago
|
8-K
| $0.5500 $0.5700 | ▼ −3.64% | ▼ −4.95% | $0.3600 (+34.55%) |
|
Feb 24, 2026
15w ago
|
8-K
| $0.8700 $0.8400 | ▼ −3.45% | ▼ −4.28% | $0.3600 (−58.62%) |
US Market Status
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