Short answer
MICROVISION, INC. (MVIS) filed its Q1 2026 10-Q quarterly report on May 15, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $935,000 (up 58.7% year over year) with net income of −$25M.
Q1 2026 key financials · XBRL
- Revenue
- $935,000
- +58.7% YoY
- Net income
- −$25M
- +12.1% YoY
- Operating margin
- -2512.7%
- Gross margin
- 38.8%
- EPS (diluted)
- −$0.08
- +33.3% YoY
Source: XBRL data from the MICROVISION, INC. (MVIS) Q1 2026 10-Q on SEC EDGAR. USD.
MICROVISION, INC. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $935,000, up 58.7% YoY from $589,000, driven by IRIS and MOVIA L sensor shipments
- Gross margin 38.8% vs 6.6% YoY, with cost of revenue $572,000 versus $550,000
- Worst performance: R&D expense $14.445M, up 95.1% YoY from $7.403M
- Cash $46.1M; operating cash used $16.4M versus $14.1M YoY
- Financing provided $21.0M, including $20.7M net convertible-note proceeds; liquidity $88.1M, funding expected for at least 12 months
Risk Factors
- Newly added Nasdaq compliance risk triggered by January 12, 2026 notice; share price $0.66 versus $1 minimum bid requirement
- Most material financial update: February 2026 senior secured convertible notes totaling $43.0 million, with minimum liquidity covenant and potential acceleration
- Regulatory compliance exposure across automotive certifications, export controls, privacy, cybersecurity, and anti-corruption programs
- Customer concentration: top-ten automotive OEM contributed $0.5 million, or 54%, of first-quarter 2026 revenue
- Liquidity risk: cash expected to fund operations for at least 12 months, but additional capital required thereafter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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