MICROVISION, INC.
For the period ended Mar 4, 2026. Filed Mar 4, 2026.
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Mar 4, 2026 · Filed Mar 4, 2026
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MVIS$1.16+1.8%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
| Three months ended December 31, | Twelve months ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $223 | $1,650 | $1,208 | $4,696 |
| Cost of revenue | 16,325 | 4,116 | 18,548 | 7,530 |
| Gross loss | (16,102) | (2,466) | (17,340) | (2,834) |
| Research and development expense | 8,681 | 8,764 | 31,720 | 49,015 |
| Sales, marketing, general and administrative expense | 3,185 | 5,923 | 20,325 | 29,346 |
| Impairment loss on intangible assets | 10,057 | 1,154 | 10,057 | 4,181 |
| Impairment loss on operating lease right-of-use asset | 1,201 | - | 1,201 | - |
| Impairment loss on property, plant & equipment | 2,185 | - | 2,185 | - |
| Loss on disposal of fixed assets | - | 165 | - | 143 |
| Total operating expenses | 25,309 | 16,006 | 65,488 | 82,685 |
| Loss from operations | (41,411) | (18,472) | (82,828) | (85,519) |
| Interest expense | (1,261) | (4,424) | (18,531) | (4,457) |
| Unrealized gain (loss) on derivative liability | 1,856 | (8,866) | 5,709 | (8,866) |
| Unrealized gain on warrant liability | 2,184 | - | 4,422 | - |
| Realized loss on debt extinguishment | - | - | (4,654) | - |
| Other income | 454 | 688 | 817 | 2,434 |
| Net loss before taxes | $(38,178) | $(31,074) | $(95,065) | $(96,408) |
| Income tax benefit (expense) | 422 | (81) | 84 | (507) |
| Net loss | $(37,756) | $(31,155) | $(94,981) | $(96,915) |
| Net loss per share - basic and diluted | (0.12) | $(0.14) | $(0.35) | $(0.46) |
| Weighted-average shares outstanding - basic and diluted | 305,484 | 219,475 | 273,136 | 209,510 |
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