Filing Flows › Microvision (MVIS) › Q1 2025
Microvision (MVIS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Microvision (MVIS) reported revenue of $589K for the first quarter 2025 (Q1 2025), -38% from a year earlier and -64% from the quarter before.
Microvision, Q1 2025: revenue $589K (-38% year over year), net loss $28.8M, operating cash flow −$14.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $589K | -64% | -38% |
| Operating profit | −$14.0M | — | — |
| Net earnings | −$28.8M | — | — |
| Operating cash flow | −$14.1M | — | — |
What changed
Revenue was $589K in Q1 2025, down 38% year over year and down 64% from the previous quarter. Product Revenue was the largest line at 86% of revenue. Product Revenue lost $352K year over year (down 41%), 96% of the total change.
Gross margin was 6.6%. Operating costs exceeded revenue by $14.0M, an operating margin of -2383.7%. The quarter ended with a net loss of $28.8M, narrower than the previous quarter's $31.2M loss. Net interest and other expense of $14.7M was the main reason.
Operating cash flow was −$14.1M. Non-cash charges added back $1.4M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $11.4M. Capital expenditures of $99K exceeded it, leaving free cash flow of −$14.2M.
Questions
What was Microvision's revenue in the first quarter 2025?
Microvision (MVIS) reported revenue of $589K for the first quarter 2025 (Q1 2025), -38% from a year earlier and -64% from the quarter before.
Source: Microvision 10-Q on SEC EDGAR.