NasdaqGM:MVIS

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Executive Summary

MicroVision, Inc. develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has MicroVision's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MVIS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.5%

MVIS

3.1%

US Electronic

2.5%

US Market


1 Year Return

233.3%

MVIS

14.1%

US Electronic

15.9%

US Market

Return vs Industry: MVIS exceeded the US Electronic industry which returned 13.7% over the past year.

Return vs Market: MVIS exceeded the US Market which returned 14.9% over the past year.


Shareholder returns

MVISIndustryMarket
7 Day-1.5%3.1%2.5%
30 Day36.1%8.4%5.8%
90 Day77.0%21.2%18.2%
1 Year233.3%233.3%15.3%14.1%18.4%15.9%
3 Year-18.7%-18.7%24.6%21.0%39.9%30.9%
5 Year-36.3%-36.3%73.4%65.4%72.9%54.2%

Price Volatility Vs. Market

How volatile is MicroVision's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MicroVision undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether MicroVision is trading at an attractive price based on the cash flow it is expected to produce in the future. But as MicroVision has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is MicroVision forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

38.2%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MicroVision has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has MicroVision performed over the past 5 years?

-17.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MVIS is currently unprofitable.

Growing Profit Margin: MVIS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MVIS is unprofitable, and losses have increased over the past 5 years at a rate of 17.3% per year.

Accelerating Growth: Unable to compare MVIS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MVIS is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-9.2%).


Return on Equity

High ROE: MVIS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is MicroVision's financial position?


Financial Position Analysis

Short Term Liabilities: MVIS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MVIS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MVIS is debt free.

Reducing Debt: MVIS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MVIS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MVIS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.3% each year


Next Steps

Dividend

What is MicroVision current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MVIS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MVIS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MVIS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MVIS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MVIS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average management tenure


CEO

Sumit Sharma (46 yo)

0.50

Tenure

US$507,660

Compensation

Mr. Sumit Sharma serves as Chief Executive Officer and Director at MicroVision, Inc since February 24, 2020 He had been Chief Operating Officer at MicroVision, Inc. since June 05, 2018 until 2020. Mr. Shar ...


CEO Compensation Analysis

Compensation vs Market: Sumit's total compensation ($USD507.66K) is below average for companies of similar size in the US market ($USD1.33M).

Compensation vs Earnings: Sumit's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Sumit Sharma
CEO & Director0.50yrUS$507.66k0.20%
$ 571.4k
Stephen Holt
Chief Financial Officer7.33yrsUS$331.26k0.11%
$ 304.4k
David Westgor
VP, General Counsel & Secretary7.67yrsUS$359.88k0.11%
$ 319.8k
James Johnston
Controllerno datano datano data
Lindsey Stibbard
Paralegalno datano datano data

7.3yrs

Average Tenure

54.5yo

Average Age

Experienced Management: MVIS's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sumit Sharma
CEO & Director0.50yrUS$507.66k0.20%
$ 571.4k
Brian Turner
Independent Chairman & Lead Independent Directorno dataUS$71.46k0.15%
$ 432.0k
Bernee D. Strom
Independent Director2.83yrsUS$66.96k0.061%
$ 176.3k
Simon Biddiscombe
Independent Director1.67yrsUS$75.21k0.040%
$ 115.7k
Yalon Farhi
Director3.92yrsUS$59.71k0.068%
$ 196.5k
Robert Carlile
Independent Director3.5yrsUS$71.96k0.068%
$ 196.5k
Mark Spitzer
Director0.17yrno datano data

2.3yrs

Average Tenure

59yo

Average Age

Experienced Board: MVIS's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.3%.


Top Shareholders

Company Information

MicroVision, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MicroVision, Inc.
  • Ticker: MVIS
  • Exchange: NasdaqGM
  • Founded: 1993
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$287.956m
  • Shares outstanding: 142.55m
  • Website: https://www.microvision.com

Number of Employees


Location

  • MicroVision, Inc.
  • 6244 185th Avenue NE
  • Suite 100
  • Redmond
  • Washington
  • 98052
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MVISNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDAug 1996
0K17LSE (London Stock Exchange)YesCommon StockGBUSDAug 1996

Biography

MicroVision, Inc. develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia. Its PicoP scann ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 00:29
End of Day Share Price2020/08/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.