NASDAQ: MVIS

MICROVISION, INC.

CIK 0000065770 · SIC 3679 · Electronic Components NEC

Micro Revenue $1M Assets $89M as of Sep 13, 2026

MicroVision, Inc. is defining the next generation of lidar-based perception solutions for automotive, industrial, and security & defense markets. We deliver integrated hardware and software solutions designed for real-world performance, automotive-grade reliability, and economic scalability. Our… About this business →

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8-K Filed Aug 31, 2026 · Period ending Aug 26, 2026

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8-K Filed Aug 17, 2026 · Period ending Aug 14, 2026

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424B5 Filed Aug 17, 2026 Red flag

MicroVision prices $17M primary offering of 6.8M shares with warrants at $2.50 per unit

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424B5 Filed Aug 14, 2026 Red flag

MicroVision files 424B5 for best-efforts offering of stock and warrants; terms left blank

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8-K Filed Aug 10, 2026 · Period ending Aug 7, 2026

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8-K Filed Aug 6, 2026 · Period ending Aug 6, 2026

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10-Q Filed Aug 6, 2026 · Period ending Jun 30, 2026

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8-K Filed Jul 22, 2026 · Period ending Jul 21, 2026

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8-K Filed Jul 13, 2026 · Period ending Jul 10, 2026

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8-K Filed Jul 7, 2026 · Period ending Jul 7, 2026

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8-K Filed Jun 25, 2026 · Period ending Jun 25, 2026

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424B5 Filed Jun 24, 2026

MicroVision files to sell common stock from time to time via ATM; last sale $0.36

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8-K Filed Jun 12, 2026 · Period ending Jun 12, 2026

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8-K Filed Jun 10, 2026 · Period ending Jun 10, 2026

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8-K Filed Jun 1, 2026 · Period ending Jun 1, 2026

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10-Q Filed May 15, 2026 · Period ending Mar 31, 2026

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424B5 Filed May 4, 2026

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10-K Filed Mar 4, 2026 · Period ending Dec 31, 2025

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10-Q Filed Nov 12, 2025 · Period ending Sep 30, 2025

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10-K Filed Mar 26, 2025 · Period ending Dec 31, 2024

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Latest financial statements

From 10-Q filed Aug 6, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.

As filed

Condensed Consolidated Statements of Operations (Unaudited)

(In thousands, except per share data)

Description Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025
Revenue 1,473 155 2,408 744
Cost of revenue 831 716 1,403 1,266
Gross profit (loss) 642 (561) 1,005 (522)
Research and development expense 15,702 7,658 30,147 15,061
Sales, marketing, general and administrative expense 9,211 6,437 18,722 13,113
Impairment loss on operating lease right-of-use assets - - 9 -
Gain on disposal of fixed assets (60) - (168) -
Total operating expenses 24,853 14,095 48,710 28,174
Loss from operations (24,211) (14,656) (47,705) (28,696)
Interest expense (5,480) (2,170) (8,233) (15,073)
Unrealized gain (loss) on derivative liability (8,035) 1,952 (4,655) 2,794
Unrealized gain on warrant liability 891 803 1,495 2,564
Realized loss on debt extinguishment - - (3,083) (4,654)
Bargain purchase gain - - 147 -
Other income (expense) 73 (65) 160 223
Net loss before taxes (36,762) (14,136) (61,874) (42,842)
Income tax expense (181) (93) (363) (166)
Net loss (36,943) (14,229) (62,237) (43,008)
Net loss per share basic and diluted (1.66) (0.84) (2.90) (2.63)
Weighted-average shares outstanding basic and diluted 22,296 16,977 21,441 16,356

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands, except per share data)

Description June 30, 2026 December 31, 2025
Assets
Current assets
Cash and cash equivalents 27,208 32,363
Investment securities, available-for-sale - 42,471
Restricted cash, current 482 497
Accounts receivable, net of allowances 915 47
Inventory 3,660 745
Other current assets 2,021 4,989
Total current assets 34,286 81,112
Property and equipment, net 15,787 4,280
Operating lease right-of-use assets 17,655 14,075
Restricted cash, net of current portion 1,184 1,204
Intangible assets, net 13,684 32
Goodwill 3,677 -
Other assets 2,334 2,416
Total assets 88,607 103,119
Liabilities and shareholders’ equity
Current liabilities
Accounts payable 5,876 1,628
Accrued liabilities 7,511 5,426
Deferred revenue 253 -
Derivative liability 7,050 -
Notes payable 24,559 19,212
Operating lease liabilities, current 5,119 3,481
Finance lease liabilities, current 13 14
Other current liabilities 43 388
Total current liabilities 50,424 30,149
Warrant liability 380 1,875
Operating lease liabilities, net of current portion 15,743 14,034
Finance lease liabilities, net of current portion 17 27
Other long-term liabilities 1,424 1,486
Total liabilities 67,988 47,571
Commitments and contingencies (Note 12)
Shareholders’ equity (Note 2)
Preferred stock, par value $0.001; 25,000 shares authorized; zero and zero shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively - -
Common stock, par value $0.001; 150,000 shares authorized; 23,350 and 20,434 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 23 20
Additional paid-in capital 1,039,358 1,012,121
Accumulated other comprehensive income 737 669
Accumulated deficit (1,019,499) (957,262)
Total shareholders’ equity 20,619 55,548
Total liabilities and shareholders’ equity 88,607 103,119

Condensed Consolidated Statements of Cash Flows (Unaudited)

(In thousands)

Description Six months ended June 30, 2026 Six months ended June 30, 2025
Cash flows from operating activities
Net loss (62,237) (43,008)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation and amortization 5,344 2,952
Unrealized (gain) loss on derivative liability 4,655 (2,794)
Unrealized gain on warrant liability (1,495) (2,564)
Loss on debt extinguishment 3,083 4,654
Bargain purchase gain (147) -
Gain on disposal of fixed assets (168) -
Impairment of operating lease right-of-use assets 9 -
Inventory write-downs 52 -
Non-cash interest expense - 7,325
Amortization of debt discount and issuance costs on notes payable 8,219 7,723
Share-based compensation expense 2,287 3,851
Net accretion of premium on short-term investments (81) (195)
Change in:
Accounts receivable (868) 822
Inventory 833 (3,796)
Other current and non-current assets 1,115 (210)
Accounts payable 4,248 432
Accrued liabilities 2,085 (275)
Contract liabilities and other current liabilities (92) (450)
Operating lease liabilities (2,409) (1,097)
Other long-term liabilities (21) (197)
Net cash used in operating activities (35,588) (26,827)
Cash flows from investing activities
Sales of investment securities 42,528 22,402
Purchases of investment securities - (19,326)
Purchases of property and equipment (448) (307)
Cash paid for business combination (33,178) -
Net cash provided by investing activities 8,902 2,769
Cash flows from financing activities
Principal payments under finance leases (8) (6)
Principal proceeds from notes payable, net of debt discount and issuance costs 20,624 -
Net proceeds from issuance of common stock and warrants 769 43,289
Net cash provided by financing activities 21,385 43,283
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 111 319
Change in cash, cash equivalents, and restricted cash (5,190) 19,544
Cash, cash equivalents, and restricted cash at beginning of period 34,064 56,247
Cash, cash equivalents, and restricted cash at end of period 28,874 75,791
Supplemental schedule of non-cash investing and financing activities
Common stock issued in conversions of notes payable 24,184 21,980
Issuance of warrants - 6,297
Acquisition of right-of-use asset 5,487 67
Foreign currency translation adjustment 92 540
Unrealized loss on investment securities, available-for-sale (24) (22)

Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share data); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗

About MICROVISION, INC.

Source: Item 1 (Business) from the 10-K filed March 4, 2026. Description as filed by the company with the SEC.

ITEM
1. BUSINESS

Overview

MicroVision,
Inc. is defining the next generation of lidar-based perception solutions for automotive, industrial, and security & defense markets.
We deliver integrated hardware and software solutions designed for real-world performance, automotive-grade reliability, and economic
scalability. Our diverse portfolio of lidar sensors, with both short- and long-range lidar solutions, feature solid-state sensors with
varying wavelengths, advanced sensor architectures, design-to-cost engineering, and open software solutions.

Our
solutions enable advanced driver assistance systems, or ADAS, and autonomy features for customers in a wide range of markets, including
automotive, industrial, and security & defense. Target industrial sectors include robotics, automated warehouse, agriculture, and
mining. Our integrated hardware and software solutions enable intelligent autonomous, active safety, and automation systems which depend
on secure, cost-effective, and energy-efficient solutions. Our software has been developed in close collaboration with automotive customers
and also has broad application in industrial, defense, and commercial vehicle sectors.

With
engineering teams in the U.S. and Germany, we develop and supply integrated solutions, incorporating application software and processing
data from differentiated sensor systems. Our extensive experience in developing and productizing core lidar hardware and software components,
along with our expertise in edge computing, positions us as a valuable commercial partner capable of delivering high-value, low-power
products.

Read full description ↓

Founded
in 1993, MicroVision, Inc. is a pioneer in laser beam scanning, or LBS technology, which is based on our patented technology in micro-electromechanical
systems, or MEMS, laser diodes, opto-mechanics, electronics, algorithms and software and how those elements are packaged into a small
form factor. Throughout our history, we have combined our proprietary technology with our development expertise to create innovative
solutions to address existing and emerging market needs, such as augmented reality microdisplay engines; interactive display modules;
consumer lidar components; and, more recently, lidar sensors and software solutions for automotive, industrial, and security & defense
markets.

In
January 2023, we acquired certain strategic assets of Germany-based Ibeo Automotive Systems GmbH, which was founded in 1998 as a lidar
hardware and software provider. Ibeo developed and launched the first lidar sensor to be automotive qualified for serial production with
a premium, or Tier 1, automotive supplier and that is currently available in passenger cars by premium original equipment manufacturers,
or OEMs. Ibeo developed software solutions, including perception and validation software, also used by premium OEMs. In addition, Ibeo
sold its products for non-automotive uses such as industrial, agriculture, smart infrastructure, and robotics applications.

In
January 2026, we completed the acquisition of assets from Scantinel Photonics GmbH, based in Germany. Scantinel develops a unique lidar-on-chip
solution, utilizing 1550nm frequency-modulated continuous wave, or FMCW, technology. Our 1550nm FMCW lidar solution has applications
for long-range use cases across our target markets, with particularly compelling advantages for the commercial vehicle market.

3

In
February 2026, we completed the strategic acquisition of assets primarily comprising the worldwide lidar business of Luminar Technologies,
Inc. The acquired assets include the IRIS sensor, a 1550nm time-of-flight long-range lidar, and its next generation HALO sensor, built
off the same architecture as IRIS but with improved performance and reduced size and cost. The automotive-grade IRIS sensor achieved
start of production in April 2024, with subsequent deliveries used in vehicles for road data collection and system training. The acquisition
also included SENTINEL, under development as a full-stack software platform supporting safety and autonomy applications for passenger
vehicles and commercial trucks.

Our
hardware solutions include a broad and multi-featured portfolio of lidar sensors, which can be integrated with our software or with our
customers’ software, targeted for sale to automotive OEMs and Tier 1 suppliers, industrial mobility and autonomy companies, and
security & defense contractors. Our lidar sensors, all solid state, include MOVIA™, a flash-based short- to mid-range sensor;
MAVIN™, a MEMS-based 905nm long-range sensor capable of small object detection; IRIS and HALO, each a 1550nm long-range sensor;
and our Scantinel 1550nm long-range FMCW lidar. Our software stack has met the rigorous requirements of automotive qualification and
incorporates advanced features, like localization and fusion. We also develop customer-specific application software, allowing expansion
into a wide array of sectors.

In
2025, we recorded an impairment charge of $10.1 million in connection with perception software acquired from Ibeo, a $9.9 million
write-down of select MOVIA L sensor inventory, as well as a $2.2 million impairment charge associated with certain production
machinery and tooling equipment related to our MAVIN sensor. Additionally, in 2025, we recorded an adverse purchase commitment of
$3.2 million related to the production of select MOVIA L sensor inventory. See