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MicroVision

Nasdaq:MVIS
Snowflake Description

Limited growth with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MVIS
Nasdaq
$84M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

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. The last earnings update was 82 days ago. More info.


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  • MicroVision has significant price volatility in the past 3 months.
MVIS Share Price and Events
7 Day Returns
-2.7%
NasdaqGM:MVIS
-0.8%
US Electronic
0.6%
US Market
1 Year Returns
-22.1%
NasdaqGM:MVIS
1.9%
US Electronic
4.1%
US Market
MVIS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MicroVision (MVIS) -2.7% -3.5% -19.7% -22.1% -57.1% -64.1%
US Electronic -0.8% 4.2% -5.1% 1.9% 55.5% 54.6%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • MVIS underperformed the Electronic industry which returned 1.9% over the past year.
  • MVIS underperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
MVIS
Industry
5yr Volatility vs Market
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Value

 Is MicroVision undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for MicroVision. This is due to cash flow or dividend data being unavailable. The share price is $0.8106.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MicroVision's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MicroVision's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:MVIS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.30
NasdaqGM:MVIS Share Price ** NasdaqGM (2019-07-17) in USD $0.81
United States of America Electronic Industry PE Ratio Median Figure of 91 Publicly-Listed Electronic Companies 17.35x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MicroVision.

NasdaqGM:MVIS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:MVIS Share Price ÷ EPS (both in USD)

= 0.81 ÷ -0.30

-2.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MicroVision is loss making, we can't compare its value to the US Electronic industry average.
  • MicroVision is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does MicroVision's expected growth come at a high price?
Raw Data
NasdaqGM:MVIS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
56.9%per year
United States of America Electronic Industry PEG Ratio Median Figure of 59 Publicly-Listed Electronic Companies 1.24x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MicroVision, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MicroVision's assets?
Raw Data
NasdaqGM:MVIS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-0.02
NasdaqGM:MVIS Share Price * NasdaqGM (2019-07-17) in USD $0.81
United States of America Electronic Industry PB Ratio Median Figure of 139 Publicly-Listed Electronic Companies 2.13x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
NasdaqGM:MVIS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:MVIS Share Price ÷ Book Value per Share (both in USD)

= 0.81 ÷ -0.02

-34.03x

* Primary Listing of MicroVision.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MicroVision has negative assets, we can't compare the value of its assets to the US Electronic industry average.

Next steps:

  1. 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.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through MicroVision's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Electronic industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess MicroVision's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. MicroVision has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MicroVision expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
56.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MicroVision expected to grow at an attractive rate?
  • Unable to compare MicroVision's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare MicroVision's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • MicroVision's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:MVIS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:MVIS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 56.9%
NasdaqGM:MVIS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 72.3%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:MVIS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:MVIS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 70 -9 3
2019-12-31 39 -22 4
NasdaqGM:MVIS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 17 -21 -28
2018-12-31 18 -23 -27
2018-09-30 19 -27 -22
2018-06-30 13 -26 -28
2018-03-31 11 -18 -27
2017-12-31 10 -15 -25
2017-09-30 10 -12 -23
2017-06-30 9 -10 -21
2017-03-31 12 -19 -19
2016-12-31 15 -15 -16
2016-09-30 14 -15 -15
2016-06-30 12 -14 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MicroVision is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • MicroVision's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:MVIS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from MicroVision Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MVIS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.09 0.01 -0.18 2.00
2019-12-31 -0.21 -0.18 -0.24 3.00
NasdaqGM:MVIS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.30
2018-12-31 -0.31
2018-09-30 -0.27
2018-06-30 -0.36
2018-03-31 -0.35
2017-12-31 -0.35
2017-09-30 -0.34
2017-06-30 -0.34
2017-03-31 -0.33
2016-12-31 -0.32
2016-09-30 -0.31
2016-06-30 -0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if MicroVision will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MicroVision's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MicroVision has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MicroVision performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MicroVision's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MicroVision does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare MicroVision's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MicroVision's 1-year growth to the US Electronic industry average as it is not currently profitable.
Earnings and Revenue History
MicroVision's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MicroVision Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MVIS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 17.27 -28.19 9.62 25.81
2018-12-31 17.61 -27.25 9.52 24.67
2018-09-30 19.33 -22.18 10.14 22.58
2018-06-30 13.19 -28.23 9.95 19.63
2018-03-31 11.25 -26.67 10.18 16.61
2017-12-31 9.63 -25.49 10.16 15.10
2017-09-30 10.24 -22.74 9.24 14.02
2017-06-30 8.81 -21.05 9.41 13.65
2017-03-31 11.63 -18.87 9.26 12.86
2016-12-31 14.76 -16.47 8.74 12.13
2016-09-30 13.70 -15.40 8.61 11.07
2016-06-30 12.10 -14.84 8.25 10.25
2016-03-31 11.99 -14.14 8.03 9.38
2015-12-31 9.19 -14.54 7.88 8.68
2015-09-30 8.03 -13.59 7.36 8.06
2015-06-30 6.60 -13.43 7.07 8.20
2015-03-31 3.17 -14.06 6.97 8.42
2014-12-31 3.49 -18.12 7.01 9.07
2014-09-30 4.02 -17.20 7.51 10.21
2014-06-30 4.01 -17.51 8.05 10.73
2014-03-31 5.27 -17.54 8.31 10.84
2013-12-31 5.85 -13.18 8.76 10.54
2013-09-30 7.36 -14.83 9.11 10.07
2013-06-30 9.01 -15.01 9.40 10.28
2013-03-31 8.44 -16.54 10.37 11.16
2012-12-31 8.37 -22.69 11.25 12.85
2012-09-30 7.14 -28.43 11.91 14.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if MicroVision has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if MicroVision has efficiently used its assets last year compared to the US Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if MicroVision improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess MicroVision's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MicroVision has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MicroVision's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MicroVision's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MicroVision's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • MicroVision's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MicroVision's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • MicroVision has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MicroVision Company Filings, last reported 3 months ago.

NasdaqGM:MVIS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -2.43 0.00 6.98
2018-12-31 4.12 0.00 13.77
2018-09-30 12.05 0.00 13.21
2018-06-30 11.61 0.00 20.99
2018-03-31 3.29 0.00 7.23
2017-12-31 10.09 0.00 16.97
2017-09-30 12.48 0.00 25.30
2017-06-30 3.83 0.00 17.74
2017-03-31 2.15 0.00 7.66
2016-12-31 7.47 0.00 15.14
2016-09-30 -1.30 0.00 5.80
2016-06-30 0.11 0.00 7.19
2016-03-31 2.86 0.00 11.21
2015-12-31 -0.15 0.00 7.89
2015-09-30 3.35 0.00 11.16
2015-06-30 6.58 0.00 15.09
2015-03-31 6.47 0.00 16.69
2014-12-31 6.87 0.00 8.35
2014-09-30 9.70 0.00 10.90
2014-06-30 11.01 0.00 12.46
2014-03-31 13.31 0.00 15.34
2013-12-31 -1.70 0.00 5.38
2013-09-30 -0.19 0.00 8.32
2013-06-30 0.20 0.02 6.00
2013-03-31 1.77 0.04 3.31
2012-12-31 5.05 0.07 6.85
2012-09-30 8.57 0.09 10.74
  • MicroVision has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if MicroVision's debt level has increased considering it has negative shareholder equity.
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.

  • MicroVision has less than a year of cash runway based on current free cash flow.
  • MicroVision has less than a year of cash runway if free cash flow continues to grow at historical rates of 20.8% each year.
X
Financial health checks
We assess MicroVision's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MicroVision has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from MicroVision dividends.
If you bought $2,000 of MicroVision shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate MicroVision's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MicroVision's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:MVIS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:MVIS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as MicroVision has not reported any payouts.
  • Unable to verify if MicroVision's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MicroVision's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MicroVision has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess MicroVision's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MicroVision afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MicroVision has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MicroVision's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Perry Mulligan
COMPENSATION $487,373
AGE 61
TENURE AS CEO 1.7 years
CEO Bio

Mr. Perry M. Mulligan has been the Chief Executive Officer of MicroVision, Inc. since November 2017. Mr. Mulligan served as the Senior Vice President of Operations at Emulex Corporation from July 29, 2013 to May 5, 2015. Mr. Mulligan oversaw Emulex operations, including IT, facilities, supplier management, test engineering and logistics. He has more than 30 years of experience in global operations, supply chain management, information technology (IT) and procurement. He served as the Senior Vice President of Worldwide Operations at QLogic Corp. from October 2007 to June 4, 2013 and was responsible for operations, test engineering, supply chain management, IT and facilities management. Mr. Mulligan was responsible for all aspects of the manufacturing and delivery of products to the customer in addition to overall supply chain design and manufacturing strategy. He spent 9 years in the Electronic Manufacturing Services industry where he held senior executive positions at both Solectron Corporation and Celestica. Mr. Mulligan served as Chief Procurement Officer and Senior Vice President of Supply Chain Management/Senior Vice President of Materials at Solectron Corporation, where he was responsible for establishing the overall materials and supply chain strategy while overseeing a team of 5,400 professionals that sourced over $9 billion annually of materials and components. He served as Chief Procurement Officer, President of Commodity Management for Asia, Vice President of Supply Chain Management, Vice President of Asia Sourcing and Vice President of Customer Solutions at Celestica. Prior to entering the Electronics manufacturing services industry, Mr. Mulligan held a number of management positions at Nortel in operations, IT and materials management. He has been Director of Microvision Inc. since January 2010. He holds an Masters in Business Administration from the University of Western Ontario in London Ontario, Canada.

CEO Compensation
  • Perry's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Perry's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the MicroVision management team in years:

4
Average Tenure
59
Average Age
  • The tenure for the MicroVision management team is about average.
Management Team

Perry Mulligan

TITLE
CEO & Director
COMPENSATION
$487K
AGE
61
TENURE
1.7 yrs

Steve Holt

TITLE
Chief Financial Officer
COMPENSATION
$421K
AGE
57
TENURE
6.3 yrs

Sumit Sharma

TITLE
Chief Operating Officer
COMPENSATION
$442K
TENURE
1.1 yrs

David Westgor

TITLE
VP, General Counsel & Secretary
COMPENSATION
$360K
AGE
65
TENURE
6.6 yrs

James Johnston

TITLE
Controller
AGE
50

Lindsey Stibbard

TITLE
Paralegal
Board of Directors Tenure

Average tenure and age of the MicroVision board of directors in years:

2.6
Average Tenure
59
Average Age
  • The average tenure for the MicroVision board of directors is less than 3 years, this suggests a new board.
Board of Directors

Brian Turner

TITLE
Independent Chairman & Lead Independent Director
COMPENSATION
$92K
AGE
59

Perry Mulligan

TITLE
CEO & Director
COMPENSATION
$487K
AGE
61
TENURE
9.5 yrs

Bob Carlile

TITLE
Independent Director
COMPENSATION
$82K
AGE
63
TENURE
2.4 yrs

Bernee D. Strom

TITLE
Independent Director
COMPENSATION
$79K
AGE
71
TENURE
1.8 yrs

Thomas Walker

TITLE
Independent Director
COMPENSATION
$79K
AGE
54
TENURE
5.7 yrs

Yalon Farhi

TITLE
Director
COMPENSATION
$73K
AGE
57
TENURE
2.8 yrs

Simon Biddiscombe

TITLE
Director
COMPENSATION
$10K
AGE
52
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. Aug 18 Buy Perry Mulligan Individual 09. Aug 18 09. Aug 18 25,000 $0.97 $24,140
X
Management checks
We assess MicroVision's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MicroVision has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could MicroVision, Inc.'s (NASDAQ:MVIS) Investor Composition Influence The Stock Price?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership. … institutional investors have bought into the company.

Simply Wall St -

Is MicroVision Inc (NASDAQ:MVIS) Cheap And High Growth?

tech hardware … The sector has significantly been impacted by technology megatrends that will continue to shape the industry, which have changed how both industrial and consumer-oriented companies operate … Tech analysts are forecasting for the entire hardware tech industry,

Simply Wall St -

MicroVision Inc (NASDAQ:MVIS): Are Analysts Optimistic?

The company’s loss has recently broadened since it announced a -US$24.24m loss in the full financial year, compared to the latest trailing-twelve-month loss of -US$25.43m, moving it further away from breakeven … Many investors are wondering the rate at which MVIS will turn a profit, with the big question being “when will the company breakeven?” … Below I will provide a high-level summary of the industry analysts’ expectations for MVIS.

Simply Wall St -

MicroVision Inc's (NASDAQ:MVIS) Earnings Dropped -41.25%, Did Its Industry Show Weakness Too?

Assessing MicroVision Inc's (NASDAQ:MVIS) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how MicroVision is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its electronic industry peers. … Eyeballing growth from a sector-level, the US electronic industry has been growing its average earnings by double-digit 16.47% in the prior twelve months, and 10.72% over the last five years.

Simply Wall St -

Is MicroVision Inc (MVIS) A Tech Leader?

Tech analysts are forecasting for the entire hardware tech industry, a strong double-digit growth of 15.06% in the upcoming year , and an overall negative growth rate in the next couple of years. … MVIS lags the pack with its negative growth rate of -9.07% over the past year, which indicates the company will be growing at a slower pace than its tech hardware peers. … However, in the upcoming year, MVIS is expected to deliver growth in-line with its industry peers, at a growth rate of 16.96%.

Simply Wall St -

Company Info

Description

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 scanning technology includes micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics. The company also develops a light detection and ranging engine for consumer electronic applications and automotive collision avoidance systems. It licenses its products primarily to original equipment manufacturers and original design manufacturers. MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.

Details
Name: MicroVision, Inc.
MVIS
Exchange: NasdaqGM
Founded: 1993
$83,915,597
103,522,820
Website: http://www.microvision.com
Address: MicroVision, Inc.
6244 185th Avenue NE,
Suite 100,
Redmond,
Washington, 98052,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM MVIS Common Stock Nasdaq Global Market US USD 27. Aug 1996
LSE 0K17 Common Stock London Stock Exchange GB USD 27. Aug 1996
Number of employees
Current staff
Staff numbers
107
MicroVision employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 23:43
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.