Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 97

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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 result of profitability in foreign jurisdictions
related to the Ibeo acquisition.

As
of June 30, 2025, the Company continues to have no unrecognized tax positions.

14.
RESTRUCTURING CHARGES

In
the first half of 2024, to better align the Company’s resources to support business needs, the Company reduced the global workforce
by approximately 37%. The Company recognized approximately $5.7 million in restructuring and related reorganization charges during the
six months ended June 30, 2024 which is recorded within research and development expense and sales, marketing, general and administrative
expense on the condensed consolidated statement of operations. The charges were predominately related to employee severance and benefit
costs. Consistent with the impairment analysis for this period, the workforce reduction and restructuring included, among other things,
impacts from the de-emphasis on the Company’s MOSAIK software business. There were no restructuring charges during the six months
ended June 30, 2025.

22

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-looking
statements

The
information set forth in this report in Item 2, “Management’s Discussion and Analysis of Financial Condition and Results
of Operations,” and Item 3, “Quantitative and Qualitative Disclosures about Market Risk,” includes “Forward-Looking
Statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and
Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is subject to the safe harbor created
by those sections. Such statements may include, but are not limited to, projections of revenues and expenses, and measures of income
or loss, status of product development and performance, market opportunity and future demand, partner and customer engagement, cooperative
arrangements, strategic plans, future operations, financing needs or plans of MicroVision, Inc. (“we,” “our,”
or “us”), as well as assumptions relating to the foregoing. The words “anticipate,” “could,” “believe,”
“estimate,” “expect,” “goal,” “may,” “plan,” “will” and similar
expressions identify forward-looking statements. Factors that could cause actual results to differ materially from those projected in
our forward-looking statements include risk factors identified below in Item 1A.

Overview