MVIS Earnings Prediction
The chart below shows how MVIS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MVIS sees a -0.24% change in stock price 10 days leading up to the earnings, and a -1.88% change 10 days following the report. On the earnings day itself, the stock moves by -0.47%. This data can give you a slight idea of what to expect for the next quarter's release.
MVIS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
190.00K
-81.85%
-90.00%
Gross Margin
-206.84%
-613.12%
-1235.86%
Operating Margin
-8277.89%
262.56%
628.01%
Net Margin
-8166.84%
264.34%
548.43%
EPS
-0.07
-41.67%
-36.36%
No Data Available
MVIS Earnings Analysis
Microvision Inc Corporation (MVIS.O) Earnings Conference Call
Positive
Industrial Segment Sales Opportunity: Sales in the industrial segment represent the strongest opportunity for us to establish a strong annual recurring revenue stream.
Product Launch Strategy: We expect to start with MOVIA L as our primary hardware product, followed shortly by our MOVIA L safety rated sensor.
Strategic Growth Positioning: We have successfully positioned the company for long-term growth by pursuing significant revenue streams and partnerships from non-automotive industrial channels in the short to medium term.
Cash Burn Reduction Strategy: We have further streamlined our cash burn and extended our runway into 2026, with significantly reduced cash burn and a strong balance sheet.
Balance Sheet Strengthening: We have bolstered our balance sheet as a result of the recently announced convertible note financing, now having a total liquidity of $234 million.
Negative
Q3 Revenue Shortfall: Revenue for Q3 2024 was reported at $0.2 million, which was lower than expectations due to an existing customer pushing out its delivery of sensors from Q3 to Q4.
Sensor Revenue Delay: The expected revenue from the sale of sensors was delayed because the leading agricultural equipment company pushed out their delivery schedule.
R&D and SG&A Expenses: Approximately $15 million of R&D and SG&A expenses were incurred, including $2.4 million of non-cash charges related to stock-based compensation and $1.4 million in non-cash charges related to depreciation and amortization.
Operating Activities Cash Usage: For Q3, $14.1 million cash was used in operating activities, which aligns with previously communicated expectations, but reflects a 25% quarter-over-quarter decrease in cash used.
Projected Operating Expenses: The company anticipates annual OpEx, including R&D and SG&A, to be in the range of $48 million to $50 million for the next year, indicating a significant ongoing cost burden.
MVIS FAQs
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MVIS Earning Call Sentiment
MicroVision, Inc. (MVIS) Q3 2024 Earnings Call Transcript
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00:00
00:00
MVIS.O
-5.49%Positive
The earnings call presented mixed signals: basic financial performance was weak due to revenue miss and project delays, while liquidity remains strong. Product development and market strategy are promising with industrial sales opportunities and automotive engagements. However, uncertainties in supply chain and economic factors, along with management's hesitance in providing guidance, temper optimism. Shareholder return plans are stable with convertible note facility. Overall, the sentiment is neutral, as positive developments are balanced by financial and operational challenges.