MicroVision, Inc. (NASDAQ:MVIS) shares are trading lower Thursday. The company reaffirmed its 2026 revenue outlook and outlined its path to profitability Wednesday after the market closed.
- Microvision shares are approaching critical lows. What’s pressuring MVIS?
MicroVision Reaffirms $10 Million to $15 Million in 2026 Revenue
MicroVision reaffirmed its full-year 2026 revenue guidance of $10 million to $15 million and said it expects revenue to double in 2027 as its commercial strategy and pipeline grow across industrial, security and defense, intelligent infrastructure and other markets.
The update followed a live conversation with CEO Glen DeVos, Chief Commercial Officer James Byun and CFO Christine Chambers on the progress of the company’s Lidar 2.0 strategy, which repositioned it from a business reliant on a few long-cycle automotive opportunities to a portfolio company serving several end markets.
Recent commercial activity includes opportunities with Robinson Unmanned, photonics applications supporting AI data center scale-up, IRIS deployments for autonomous ground vehicle defense applications and an autonomous mobility service pilot in Asia-Pacific. The company said industrial, robotics, infrastructure and security and defense opportunities can offer shorter sales cycles than automotive programs.
“Profitability isn’t going to come from one customer, one product, or one cost-cutting exercise,” said DeVos. “It comes from building a fundamentally stronger economic model.”
MicroVision Targets Smaller 2027 Cash Burn
MicroVision said it is aligning operating expenses and capital allocation behind the opportunities it expects to offer the strongest returns, which it expects to produce meaningful cost savings and a significant reduction in cash burn in 2027 compared with 2026.
The company is entering the second phase of its consolidation efforts. The integration of acquired Luminar assets, including the move to a consolidated U.S. manufacturing operation in Orlando, is largely complete. MicroVision said the Orlando facility and its existing inventory can support anticipated 2027 growth without significant incremental capital spending.
The company is also evaluating ways to strengthen its balance sheet, including its debt structure, lease obligations and a possible sale of non-core assets. MicroVision expects to provide more on its third-quarter performance and outlook during its upcoming earnings call.
MicroVision Shares Fall
MVIS Price Action: At the time of writing, MicroVision shares are trading 13.82% lower at $1.31, according to data from Benzinga Pro.
Image: Courtesy of MIcroVision
Login to comment