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Mar 31, 2025
MicroVision Q1 2025 Earnings Report
MicroVision reported its first quarter 2025 financial results, highlighting a decrease in revenue but significant improvements in operating expenses and net loss compared to the previous year.
Key Takeaways
MicroVision announced its first quarter 2025 results, with revenue at $0.6 million, a decrease from $1.0 million in Q1 2024. The company significantly reduced total operating expenses by 47% year-over-year to $14.1 million and reported a net loss of $28.8 million, an improvement from $26.3 million in Q1 2024.
Revenue for Q1 2025 was $0.6 million, primarily from industrial customers, down from $1.0 million in Q1 2024.
Total operating expenses for Q1 2025 were $14.1 million, a 47% decline year-over-year from $26.4 million in Q1 2024.
Net loss for Q1 2025 was $28.8 million, or $0.12 per share, which includes $16.9 million of non-cash charges.
Adjusted EBITDA for Q1 2025 was a $10.7 million loss, an improvement from a $18.7 million loss in Q1 2024.
Forward Guidance
MicroVision is well-positioned to secure revenue opportunities for 2025 from the industrial vertical, with a commitment to high-volume deliveries in the range of $30-$50 million over the next 12-18 months.
Positive Outlook
- Well-positioned to secure revenue opportunities for 2025 from the industrial vertical.
- Unique value proposition with integrated perception software.
- Compelling solutions for industrial customers and automotive OEMs at attractive price points.
- Recent capital raises have positioned the company well with an improved cost structure to support customer demand.
- Production commitment with ZF enables high-volume deliveries of $30-$50 million over the next 12-18 months.
Challenges Ahead
- 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 agreements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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