MICROVISION, INC.
For the period ended Oct 28, 2026. Filed Oct 28, 2026.
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Oct 28, 2026 · Filed Oct 28, 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 September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $2,400 | $241 | $4,808 | $985 |
| Cost of revenue | 1,201 | 957 | 2,604 | 2,223 |
| Gross profit (loss) | 1,199 | (716) | 2,204 | (1,238) |
| Research and development expense | 13,180 | 7,978 | 43,327 | 23,039 |
| Sales, marketing, general and administrative expense | 9,359 | 4,027 | 28,081 | 17,140 |
| Impairment loss on operating lease right-of-use assets | - | - | 9 | - |
| Gain on disposal of fixed assets | (3) | - | (171) | - |
| Total operating expenses | 22,536 | 12,005 | 71,246 | 40,179 |
| Loss from operations | (21,337) | (12,721) | (69,042) | (41,417) |
| Interest expense | (1,907) | (2,197) | (10,140) | (17,270) |
| Unrealized gain (loss) on derivative liability | (491) | 1,059 | (5,146) | 3,853 |
| Unrealized gain (loss) on warrant liability | 3,566 | (326) | 5,061 | 2,238 |
| Realized loss on debt extinguishment | - | - | (3,083) | (4,654) |
| Bargain purchase gain | - | - | 147 | - |
| Other income | 7,974 | 140 | 8,134 | 363 |
| Net loss before taxes | $(12,195) | $(14,045) | $(74,069) | $(56,887) |
| Income tax expense | (33) | (172) | (396) | (338) |
| Net loss | $(12,228) | $(14,217) | $(74,465) | $(57,225) |
| Net loss per share - basic and diluted | $(0.45) | $(0.72) | $(3.18) | $(3.27) |
| Weighted-average shares outstanding - basic and diluted | 27,388 | 19,697 | 23,445 | 17,482 |
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