Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 48

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 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 June 30, 2025, we had an accumulated deficit of $905.3 million.

●We
                                            incurred net losses of $862.3 million from inception through 2024, and a net loss of $43.0
                                            million during the six months ended June 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 capital to fund our operations at the level necessary to implement our business plan. Raising additional capital
will dilute the value of current shareholders’ investment in us. Additionally, we may be unable to raise capital at the level we
expect or on terms acceptable to us.

Based
on our current operating plan, we anticipate that we have sufficient cash and cash equivalents to fund our operations for at least the
next 12 months. We will, however, require additional capital to fund our operating plan past that time. We will seek to obtain additional
capital through development revenue, product sales, licensing activities, and/or through the issuance of equity or debt securities. There
can be no assurance that any such efforts to obtain additional capital would be successful.

We
are currently focused on developing and commercializing our perception software and sensor solutions. This involves introducing new technologies
into an emerging market