Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 41

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 We assign our research and development resources based on the business opportunity of the available
projects, the skill mix of the resources available and the contractual commitments we have made to our customers. We believe that a substantial
level of continuing research and development expense will be required to further develop our scanning technology.

The
decrease in research and development expense during the three months ended June 30, 2025 compared to the same period in 2024 was primarily
due to lower salary and benefits expense of $2.7 million, lower restructuring charges of $2.6 million, lower purchased services of $0.5
million, lower direct materials and equipment costs of $0.3 million, and lower IT and software costs of $0.3 million.

The
decrease in research and development expense during the six months ended June 30, 2025 compared to the same period in 2024 was primarily
due to lower salary and benefits expense of $8.0 million, lower restructuring charges of $5.0 million, lower purchased services of $1.7
million, lower direct materials and equipment costs of $0.6 million, and lower IT and software costs of $0.5 million.

24

Sales,
marketing, general and administrative expense

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended June 30, 
    $6,437  
    $7,746  
    $(1,309) 
     (16.9)
  
    Six Months Ended June 30, 
     13,113  
     16,824  
     (3,711) 
     (22.1)

Sales,
marketing, general and administrative expense includes compensation and support costs for marketing, sales, management and administrative
staff, and for other general and administrative costs, including legal and accounting services, consultants and other operating expenses.

The
decrease in sales, marketing, general and administrative expense during the three months ended June 30, 2025 compared to the same period
in 2024 was primarily due to lower salary and benefits expense of $0.6 million and lower restructuring charges of $0.6 million.

The
decrease in sales, marketing, general and administrative expense during the six months ended June 30, 2025 compared to the same period
in 2024 was primarily due to lower salary and benefits