Microvision 2025 Q3 Earnings Revenue Surges 26.8% as Loss Narrows 8.4%

Microvision (MVIS) reported third-quarter 2025 earnings on November 13, 2025, with revenue rising 26.8% year-over-year to $241,000 and losses narrowing by 8.4% to $14.2 million. The results beat consensus revenue estimates by $0.01 million and exceeded EPS expectations by $0.01. Strategic moves, including CEO appointment and FMCW lidar acquisition, underscored operational progress despite continued cash burn.

Revenue

Product revenue amounted to $28,000, while license and royalty revenue surged to $213,000, contributing to the total revenue of $241,000. The 26.8% year-over-year growth reflects strong performance in intellectual property monetization, though product sales remain a smaller portion of the revenue mix.

Earnings/Net Income

Microvision narrowed its loss to $0.05 per share in Q3 2025 from $0.07 per share in Q3 2024, marking a 28.6% improvement. The net loss reduced to $14.2 million, down 8.4% from $15.5 million, driven by disciplined cost management. While the reduction is positive, the EPS remains negative, indicating ongoing profitability challenges.

Post-Earnings Price Action Review

Microvision’s stock price declined sharply following the earnings report, dropping 5.01% in a single trading day, 12.93% over the subsequent week, and plummeting 33.27% month-to-date as of November 13, 2025. The mixed results—stronger-than-expected revenue but continued losses—failed to reassure investors, with concerns over cash burn and limited commercial traction outweighing strategic advancements. Market reaction suggests skepticism about the company’s ability to convert R&D investments into scalable revenue streams.

CEO Commentary

Glen DeVos, newly appointed CEO, highlighted momentum in short-range sensor development, cost-effective perception solutions for OEMs, and expansion into defense and ISR applications. He emphasized confidence in MicroVision’s ability to lead the lidar market, drawing parallels to radar’s adoption trajectory. Strategic priorities include optimizing MOVIA S commercialization, integrating Scantinel’s FMCW lidar technology, and leveraging partnerships to accelerate growth.

Guidance

The company did not provide explicit forward-looking financial guidance for future periods. However, management indicated a focus on reducing cash burn through operational efficiency and advancing product commercialization, with anticipated capital access through $46.2 million in ATM facilities and $30 million in convertible notes.

Additional News

1. M&A Activity: MicroVision agreed to acquire Scantinel Photonics’ FMCW lidar business, enhancing its technology portfolio with 1550nm lidar solutions for commercial vehicles. The transaction, subject to regulatory approval, aims to strengthen its position in automotive and industrial markets.

2. C-Level Changes: Glen DeVos, a 30-year industry veteran, was appointed CEO, succeeding Sumit Sharma. His prior role as CTO and experience at Aptiv underscore a strategic pivot toward product execution and market expansion.

3. Strategic Expansion: The company opened a D.C.-area design and testing office to support defense and ISR applications, reflecting its push into government contracts. Additionally, a new Aerial Systems team was established to develop lidar-based perception systems for drones and autonomous vehicles.