Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 128

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 128
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8,754 
  
    Warrant liability 
     4,059  
     - 
  
    Operating lease liabilities, net of current portion 
     14,434  
     15,954 
  
    Finance lease liabilities, net of current portion 
     31  
     - 
  
    Other long-term liabilities 
     1,680  
     1,733 
  
    Total liabilities 
     60,103  
     72,392 

    Commitments and contingencies (Note 11) 
     -  
     - 

    Shareholders’ equity 

    Preferred stock, par value $0.001; 25,000 shares authorized; zero and zero shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 
     -  
     - 
  
    Common stock, par value $0.001; 510,000
    shares authorized; 302,358
    and 224,993
    shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 
     302  
     225 
  
    Additional paid-in capital 
     1,009,272  
     910,825 
  
    Accumulated other comprehensive income 
     651  
     - 
  
    Accumulated deficit 
     (919,506) 
     (862,281)
  
    Total shareholders’ equity 
     90,719  
     48,769 
  
    Total liabilities and shareholders’ equity 
    $150,822  
    $121,161 

The
accompanying notes are an integral part of these financial statements.

3

MicroVision,
Inc. 

Condensed
Consolidated Statements of Operations 

(In
thousands, except per share data)

(Unaudited)

    2025  
    2024  
    2025  
    2024 

    Three Months Ended  
    Nine Months Ended 

    September 30,  
    September 30, 

    2025  
    2024  
    2025  
    2024 

    Revenue 
    $241  
    $190  
    $985  
    $3,046 

    Cost of revenue 
     957