Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 172

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 172
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or sale of products incorporating our technology would not be feasible. To the extent that we enter into development, manufacturing,
licensing, sales and marketing or other arrangements, our revenues will depend upon the performance of third parties. We cannot be certain
that any such arrangements will be successful.

We
could face lawsuits related to our use of LBS technology or other technologies, which would be costly, and any adverse outcome could
limit our ability to commercialize our technologies or products.

We
are aware of several patents held by third parties that relate to certain aspects of light scanning displays, 3D sensing products, and
other technologies that are core to our sensor hardware. These patents could be used as a basis to challenge the validity, limit the
scope or limit our ability to obtain additional or broader patent rights of our patents. A successful challenge to the validity of our
patents could limit our ability to commercialize our technology or products incorporating our LBS or other technology and, consequently,
materially reduce our ability to generate revenues. Moreover, we cannot be certain that patent holders or other third parties will not
claim infringement by us with respect to current and future technology. Because U.S. patent applications are held and examined in secrecy,
it is also possible that presently pending U.S. applications could eventually be issued with claims that could be infringed by our products
or our technology.

The
defense and prosecution of a patent suit would be costly and time-consuming, even if the outcome were ultimately favorable to us. An
adverse outcome in the defense of a patent suit could subject us to significant costs, require others and us to cease selling products
incorporating our technology, require us to cease licensing our technology or require disputed rights to be licensed from third parties.
Such licenses, if available, would increase our operating expenses. Moreover, if claims of infringement are asserted against our future
co-development partners or customers, those partners or customers may seek indemnification from us for any damages or expenses they incur.

31

If
we fail to manage expansion effectively, our revenue and expenses could be adversely affected.

Our
ability to successfully offer products and solutions incorporating our technologies and implement our business plan in a rapidly evolving
market requires an 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