What guidance did Microvision's management provide for the next earnings period?

Did Microvision beat or miss consensus estimates last quarter?

What is Microvision's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Microvision year over year?

What were the key takeaways from Microvision’s earnings call?

What is Microvision's gross profit margin?

What were the key takeaways from Microvision's earnings call?

What factors drove the changes in Microvision's revenue and profit?

- **$200/$300 ASP Target**: MOVIA S sensors aim to disrupt the lidar market with ultra-low cost points, enabling satellite architectures for automotive and industrial applications.
- **Scantinel FMCW Integration**: Acquisition of Scantinel's 1550-nm technology positions MicroVision as a leader in ultra-long-range lidar, complementing existing time-of-flight products.
- **Defense and Industrial Growth**: Drone-based lidar solutions and LCAS systems are expected to generate revenue in 2026, with defense demonstrations in Q1 2026.
- **Financial Resilience**: $99.5 million cash balance and disciplined spending ensure a 2027 financial runway, supporting strategic initiatives.
- **Competitive Differentiation**: Open software framework and cost leadership enable differentiation from competitors, with a focus on automotive-grade reliability.

**【CEO Summary Section】**
- **Strategic Focus on Cost Reduction**: Glen DeVos emphasized the need to transition from electromechanical to solid-state lidar systems to achieve mass adoption. The company's MOVIA S sensor, launched in Q4 2026, targets a $200 ASP for short-range and $300 for long-range sensors, significantly lower than competitors.
- **Tri-Lidar Architecture**: The satellite sensor approach, similar to radar and camera systems, enables cost-effective deployment across automotive, industrial, and defense markets. MOVIA S's open software framework allows customers to integrate their perception algorithms, accelerating development cycles.
- **Scantinel Acquisition**: The acquisition of Scantinel Photonics' 1550-nm FMCW technology complements MicroVision's 905/940-nm time-of-flight portfolio, positioning the company to address ultra-long-range lidar needs for commercial vehicles and defense applications.
- **Defense and Industrial Growth**: The Aerial Systems team in Virginia is developing drone-based lidar solutions for real-time mapping and navigation. Defense engagements are expected to demonstrate proof-of-concept by Q1 2026, with revenue potential in 2027.

**【CFO Financial Commentary】**
- **Q3 2025 Financials**: Revenue was $0.2 million, driven by industrial and automotive sales. R&D and SG&A expenses totaled $12 million, including one-time costs for CEO transition and inventory buildup. Cash burn was $16.5 million, with $99.5 million in cash and access to $76.2 million in credit facilities.
- **Scantinel Integration**: The acquisition is expected to add $1.5-$2 million in quarterly expenses, but the long-term goal is to industrialize FMCW technology for automotive-grade sensors at competitive ASPs.
- **Balance Sheet Strength**: The company is well-capitalized with a financial runway extending into 2027, supported by $30 million in net proceeds from an ATM program and undrawn convertible notes.

**【Q&A Highlights】**
- **FMCW Cost Targets**: Glen DeVos confirmed that Scantinel's FMCW technology will be priced similarly to MOVIA S, enabling cost-effective long-range solutions for commercial vehicles. The goal is to reduce FMCW costs to automotive-grade levels by 2028-2029.
- **Sensor Placement**: Sensors mounted behind windshields offer advantages in cleaning systems and field of view but require miniaturization to compete with roof-mounted alternatives.
- **RFQ Progress**: Automotive RFQs are delayed due to OEM platform redefinitions, but industrial and defense engagements are advancing. The $30-50 million pipeline for MOVIA L is expected to transition to MOVIA S in 2026.
- **Defense Timing**: Defense revenue is anticipated to emerge in 2027, starting with non-recurring engineering costs and transitioning to product sales by 2028.
- **Competitive Positioning**: MicroVision's open software framework and cost leadership differentiate it from Chinese competitors, while financial discipline ensures profitability at target ASPs.

MicroVision, Inc. (MVIS) Q3 2025 Earnings Call Transcript

Royalty

Product

Contract

MVIS

MVIS fundamentals

You can ask Aime