Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.8M | $9.63M | $17.6M | $8.89M | $3.09M | $2.50M | $664K | $7.26M | $4.70M | $1.21M |
| Revenue growth | — | -34.7% | 82.8% | -49.5% | -65.2% | -19.1% | -73.4% | 993.2% | -35.3% | -74.3% |
| Gross profit | $4.39M | -$228K | $6.97M | $322K | $1.69M | $2.50M | $564K | $4.49M | -$2.83M | -$17.3M |
| Gross margin | 29.7% | -2.4% | 39.6% | 3.6% | 54.8% | 99.9% | 84.9% | 61.8% | -60.3% | -1435.4% |
| Operating income | -$16.5M | -$25.5M | -$27.2M | -$26.5M | -$13.6M | -$43.9M | -$53.9M | -$88.9M | -$85.5M | -$82.8M |
| Operating margin | -111.5% | -264.5% | -154.6% | -297.9% | -440.6% | -1754.8% | -8116.0% | -1224.3% | -1821.1% | -6856.6% |
| Net income | -$16.5M | -$25.5M | -$27.3M | -$26.5M | -$13.6M | -$43.2M | -$53.1M | -$82.8M | -$96.9M | -$95.0M |
| Net margin | -111.6% | -264.5% | -154.8% | -298.0% | -441.2% | -1728.0% | -7995.6% | -1141.2% | -2063.8% | -7862.7% |
| EPS (diluted) | — | — | — | -$0.24 | -$0.10 | -$0.27 | -$0.32 | -$0.45 | -$0.46 | -$0.35 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14.8M | -$15.5M | -$22.6M | -$24.0M | -$16.1M | -$29.4M | -$38.0M | -$67.1M | -$68.5M | -$58.7M |
| Capital expenditures | — | — | — | $745K | $402K | $2.49M | $4.36M | $1.94M | $374K | $679K |
| Free cash flow | — | — | — | -$24.8M | -$16.5M | -$31.9M | -$42.4M | -$69.0M | -$68.9M | -$59.4M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $15.1M | $17.0M | $13.8M | $5.84M | $16.9M | $82.6M | $20.5M | $45.2M | $54.5M | $32.4M |
| Total assets | $20.1M | $29.8M | $23.0M | $11.8M | $21.0M | $130M | $115M | $130M | $121M | $103M |
| Total liabilities | $12.6M | $19.7M | $18.9M | $15.8M | $12.0M | $17.5M | $25.3M | $33.8M | $72.4M | $47.6M |
| Long-term debt | — | — | — | — | — | — | — | — | $33.0M | $19.2M |
| Shareholders' equity | $13.9M | $10.1M | $4.12M | -$3.98M | $9.01M | $113M | $89.7M | $95.8M | $48.8M | $55.5M |
| Retained earnings | — | — | — | — | -$586M | -$629M | -$683M | -$765M | -$862M | -$957M |
| Shares (wtd avg diluted) | 52.0M | 72.8M | 100M | 126M | 140K | 161M | 166M | 183M | 210M | 273M |
Every figure is extracted from MICROVISION, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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