MICROVISION, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.2M | $4.7M | $7.3M | $664.0K | $2.5M | $3.1M | $8.9M |
| Cost of Revenue | — | $18.5M | $7.5M | $2.8M | $100.0K | $2.0K | $1.4M | $8.6M |
| Gross Profit | — | $-17.3M | $-2.8M | $4.5M | $564.0K | $2.5M | $1.7M | $322.0K |
| Gross Margin | — | -1,435.4% | -60.3% | 61.8% | 84.9% | 99.9% | 54.8% | 3.6% |
| Operating Expenses | ||||||||
| Research & Development | — | $31.7M | $49.0M | $56.7M | $30.4M | $24.1M | $9.8M | $18.7M |
| SG&A Expense | — | $20.3M | $29.3M | $36.7M | $24.0M | $22.3M | $5.9M | $8.1M |
| Operating Income | — | $-82.8M | $-85.5M | $-88.9M | $-53.9M | $-43.9M | $-13.6M | $-26.5M |
| Operating Margin | — | -6,856.6% | -1,821.1% | -1,224.3% | -8,116.0% | -1,754.8% | -440.6% | -297.9% |
| Interest Expense | — | $7.3M | — | — | — | — | — | — |
| Pretax Income | — | $-95.1M | $-96.4M | $-81.7M | $-53.1M | $-43.2M | — | — |
| Income Tax Expense | — | $-84.0K | $507.0K | $1.1M | $0 | $0 | $0 | $0 |
| Net Income | — | $-95.0M | $-96.9M | $-82.8M | $-53.1M | $-43.2M | $-13.6M | $-26.5M |
| Net Margin | — | -7,862.7% | -2,063.8% | -1,141.2% | -7,995.6% | -1,728.0% | -441.2% | -298.0% |
| EPS (Basic) | — | $-0.35 | $-0.46 | $-0.45 | $-0.32 | $-0.27 | $0.00 | $0.00 |
| EPS (Diluted) | — | $-0.35 | $-0.46 | $-0.45 | $-0.32 | $-0.27 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 322.1M | 273.1M | 209.5M | 182.8M | 166.0M | 160.7M | 160.7M | 144.55B |
| Shares Outstanding (Diluted) | 322.1M | 273.1M | 209.5M | 182.8M | 166.0M | 160.7M | 160.7M | 144.55B |
| Dividends Per Share | — | — | — | — | — | — | — | — |