Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 12

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 15d-15(f) of the Securities Exchange Act of 1934) that
occurred during the quarter ended September 30, 2025 that have materially affected, or are reasonably likely to materially affect, our
internal control over financial reporting.

28

PART
II.

ITEM
1. LEGAL PROCEEDINGS

We
are subject to various claims and pending or threatened lawsuits in the normal course of business. We are not currently party to any
other legal proceedings that management believes are reasonably possible to have a material adverse effect on our financial position,
results of operations or cash flows.

ITEM
1A. RISK FACTORS

You
should carefully consider the risks described below together with the other information set forth in this report, which could materially
affect our business, financial condition and future results. The risks described below are not the only risks facing our company. Risks
and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business,
financial condition and operating results.

Risk
Factors Related to Our Business

We
have a history of operating losses and expect to incur significant losses in the future. 

We
have had substantial losses since our inception. We cannot assure you that we will ever become or remain profitable.

●As
                                            of September 30, 2025, we had an accumulated deficit of $919.5 million. 

●We
                                            incurred net losses of $862.3 million from inception through 2024, and a net loss of $57.2
                                            million during the nine months ended September 30, 2025.

The
likelihood of our success must be considered in light of the expenses, difficulties and delays frequently encountered by companies formed
to develop and commercialize new technologies. In particular, our operations to date have focused primarily on research and development
of our Laser Beam Scanning, or LBS, technology system, including products built around that technology such as our automotive lidar sensors,
and development of demonstration units. We are unable to accurately estimate future revenues and operating expenses based upon historical
performance.

We
cannot be certain that we will succeed in obtaining additional development revenue or commercializing our technology or products at scale.
In light of these factors, we expect to continue to incur significant losses and negative cash flow through the remainder of 2025 and
the foreseeable future. There is significant risk that we will not achieve positive cash flow at any time in the future.

We
will require additional