MicroVision Inc. Common Stock (MVIS)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable competitive advantages, honest accounting, and a margin of safety. MicroVision fails the first test. It sells lidar sensors, but revenue is microscopic. In fiscal 2025, the year ended 2025-12-31, revenue was $1.2M and net income was -$95.0M. In fiscal 2024, revenue was $4.7M and net income was -$96.9M; in fiscal 2023, revenue was $7.3M and net income was -$82.8M. That is not growth; it is a shrinking business burning enormous sums. The latest reported quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $1.5M and a net loss of $36.9M. There is some sequential improvement from fiscal Q1 2026 revenue of $935,000, but the loss remains huge and the margin was -2508.01%. The balance sheet and cash flow are under pressure. Trailing free cash flow is -$68.3M, a FCF yield of -34.6% on the $197.3M market cap at the 2026-10-13 close. Debt-to-equity is 2.20. FairStock's Altman Z-Score is -15.47 and Piotroski F-Score is 3/9, both warning signs. ROE is -233.74% and ROCE is -45.02%. At the 2026-10-13 close, FairStock's P/E is -0.21 and P/B is 1.34; the P/B may look modest, but book value is not earning power, and the negative P/E simply reflects losses. I see no demonstrated moat. Having several lidar products and 190 employees is not the same as pricing power or recurring profits. The 52-week range of $0.23 to $4.90 shows speculation, not stability. In my framework, this is not a durable value investment unless the company converts technology into real, growing revenue and stops consuming cash. Until then, the numbers speak louder than the story.

In plain English: MicroVision makes lidar sensors, which are sensing devices used in areas like vehicles and machines. The business looks very weak: sales are tiny, it loses money every year, and it burns cash. At $1.18 a share as of 2026-10-13, the price does not look cheap against those numbers because there is almost no revenue and no profit.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer