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MicroVision (MVIS) investor relations material
MicroVision Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Integrated MOVIA lidar into NVIDIA's DRIVE AGX platform, expanding presence in the autonomous vehicle ecosystem and enhancing qualification for automotive RFQs.
Increased engagement with global automotive OEMs, industrial, and defense sectors, with new RFQs and product architectures targeting mass market adoption and cost competitiveness.
Expanded leadership and advisory boards with expertise in industrial robotics and defense, and strengthened sales and business development teams with experienced hires.
Vision to accelerate global adoption of autonomous technologies across automotive, industrial, and military segments, leveraging advanced LiDAR and perception software.
Improved financial runway through recent capital raises and cost structure optimization.
Financial highlights
Q2 2025 revenue was $0.2 million, down from $1.9 million in Q2 2024, primarily from industrial customers.
Operating expenses for Q2 2025 were $14.1 million, down 44% year-over-year, with $3.4 million in non-cash charges.
Net loss for Q2 2025 was $14.2 million ($0.06 per share), improved from $23.9 million ($0.11 per share) in Q2 2024.
Cash used in operations was $12.7 million in Q2 2025, down from $18.6 million in Q2 2024.
Ended Q2 2025 with $91.4 million in cash and equivalents.
Outlook and guidance
Revenue from industrial vertical expected in the second half of 2025 and into 2026, with continued focus on commercializing perception software and lidar sensor solutions.
Automotive production RFQs may be awarded before year-end, but sourcing could shift to 2026; launch dates for new platforms remain 2028–2029.
Management expects continued operating losses and negative cash flow through 2025 and the foreseeable future.
Sufficient cash and equivalents are expected to fund operations for at least the next 12 months, but additional capital will be needed beyond that period.
No significant increase in OpEx anticipated; focus remains on partnerships and leveraging existing resources.
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