Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 10

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 10
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 effective planning and management process. The growth in business and relationships with customers and
other third parties has placed, and will continue to place, a significant strain on our management systems and resources. We will
need to continue to improve our financial and managerial controls, reporting systems and procedures, and will need to continue to
train and manage our workforce. We continue to strengthen our compliance programs, including our compliance programs related to
product certifications (in particular, certifications applicable to the automotive market), export controls, privacy,
cybersecurity, and anti-corruption. We may not be able to implement improvements in an efficient or timely manner and may discover
deficiencies in existing controls, programs, systems and procedures, which could have an adverse effect on our business, reputation
and financial results.

We
target customers that are large companies with substantial negotiating power and potentially competitive internal solutions; if we are
unable to sell our products to these customers, our prospects will be adversely affected.

Our
potential customers, including industrial and automotive OEMs, are large, multinational companies with substantial
negotiating power relative to us and, in some instances, may have internal solutions that are competitive to our products. These
large, multinational companies also have significant resources, which may allow them to acquire or develop competitive technologies
either independently or in partnership with others. Accordingly, even after investing significant resources to develop a product, we
may not secure a series production award or, even after securing a series production award, may not be able to commercialize a
product on profitable terms. If our products are not selected by these large companies or if these companies develop or acquire
competitive technology or negotiate terms that are disadvantageous to us, it will have an adverse effect on our business
prospects.

Our
technology and products may be subject to environmental, health and safety regulations that could increase our development and production
costs.

Our
technologies and products could become subject to environmental, health and safety regulations or amendments that could negatively impact
our ability to commercialize our technologies and products. Compliance with any such current or new regulations would likely increase
the cost to develop and commercialize products, and violations may result in fines, penalties or suspension of production. If we become
subject to any environmental, health, or safety laws or regulations that require us to cease or significantly change our operations to
comply, our business, financial condition and operating results could be adversely affected.

Our
operating results may be adversely impacted by worldwide political and economic uncertainties and