MicroVision
Market Cap
US$288.0m
Last Updated
2020/08/04 00:29 UTC
Data Sources
Company Financials +
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.
Risk Analysis
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
| MVIS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | 3.1% | 2.5% |
| 30 Day | 36.1% | 8.4% | 5.8% |
| 90 Day | 77.0% | 21.2% | 18.2% |
| 1 Year | 233.3%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
8 months ago | Simply Wall St
Could The MicroVision, Inc. (NASDAQ:MVIS) Ownership Structure Tell Us Something Useful?1 year ago | Simply Wall St
Could MicroVision, Inc.'s (NASDAQ:MVIS) Investor Composition Influence The Stock Price?1 year ago | Simply Wall St
What does MicroVision Inc's (NASDAQ:MVIS) Balance Sheet Tell Us About Its Future?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
- Take a look at our analysis of MVIS's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Explore potentially undervalued companies in the Tech industry.
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
- Take a look at our analysis of MVIS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Explore growth companies in the Tech industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.50yr | US$507.66k | 0.20% $ 571.4k | |
| Chief Financial Officer | 7.33yrs | US$331.26k | 0.11% $ 304.4k | |
| VP, General Counsel & Secretary | 7.67yrs | US$359.88k | 0.11% $ 319.8k | |
| Controller | no data | no data | no data | |
| Paralegal | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.50yr | US$507.66k | 0.20% $ 571.4k | |
| Independent Chairman & Lead Independent Director | no data | US$71.46k | 0.15% $ 432.0k | |
| Independent Director | 2.83yrs | US$66.96k | 0.061% $ 176.3k | |
| Independent Director | 1.67yrs | US$75.21k | 0.040% $ 115.7k | |
| Director | 3.92yrs | US$59.71k | 0.068% $ 196.5k | |
| Independent Director | 3.5yrs | US$71.96k | 0.068% $ 196.5k | |
| Director | 0.17yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MVIS | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Aug 1996 |
| 0K17 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Aug 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/04 00:29 |
| End of Day Share Price | 2020/08/03 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.