Quarterly ResultMay 13, 2026, 04:28 PM
MicroVision Q1 Revenue $0.9M; Net Loss $(25.3)M
AI Summary
MicroVision announced its first quarter 2026 results, reporting revenue of $0.9 million, a 50% increase year-over-year, and a net loss of $25.3 million, or $0.08 per share, an improvement from the prior year. The company completed value-enhancing asset acquisitions from Luminar Technologies and Scantinel Photonics, expanding its lidar product portfolio. Operating expenses rose to $23.9 million due to acquisition and integration costs, and the company streamlined operations by reducing its global workforce by approximately 15%.
Key Highlights
- Q1 2026 Revenue increased 50% to $0.9 million from $0.6 million in Q1 2025.
- Q1 2026 Net Loss improved to $(25.3) million, or $(0.08) per share, from $(28.8) million, or $(0.12) per share, in Q1 2025.
- Total operating expenses for Q1 2026 increased to $23.9 million from $14.1 million in Q1 2025.
- Adjusted EBITDA loss for Q1 2026 was $(17.2) million, compared to $(10.7) million in Q1 2025.
- Cash and cash equivalents, including investment securities, stood at $46.1 million as of March 31, 2026.
- Completed asset acquisitions from Luminar Technologies and Scantinel Photonics, expanding lidar product portfolio.
- Reduced global workforce by approximately 15% and consolidated engineering/operations.