Microvision Reports 6.5% Year-Over-Year Growth with USD 0.3M in Total Revenue for Q2 FY2023
August 16, 2023
☀️Earnings Overview
For the quarter ending June 30 2023, MICROVISION ($NASDAQ:MVIS) reported total revenue of USD 0.3 million, representing an increase of 6.5% from the same period in the previous year. However, net income for the quarter was USD -20.6 million, a decrease from -13.6 million the year before.
Analysis
GoodWhale has conducted an extensive analysis of MICROVISION’s wellbeing, taking into account its financial and business aspects. The Risk Rating assigned to the company is medium, indicating a moderate risk for investment. In order to provide a more comprehensive overview, GoodWhale has also detected 4 risk warnings in the income sheet, balance sheet, cashflow statement and financial journal. If you would like to have further access to the details of the report, please register with us. We are confident that our insights can help you make an informed decision when it comes to investing in MICROVISION. Microvision_Reports_6.5_Year-Over-Year_Growth_with_USD_0.3M_in_Total_Revenue_for_Q2_FY2023″>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Microvision. More…
| Total Revenues | Net Income | Net Margin |
| 1.11 | -65.96 | -6092.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Microvision. More…
| Operations | Investing | Financing |
| -47.54 | 5.37 | 70.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Microvision. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 148.66 | 36.15 | 0.64 |
Key Ratios Snapshot
Some of the financial key ratios for Microvision are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -47.9% | – | -6498.9% |
| FCF Margin | ROE | ROA |
| -4703.3% | -45.3% | -30.4% |
Peers
The market for miniaturized display and imaging products is growing rapidly as the demand for smaller, more portable devices increases. This has led to intense competition between the leading companies in the space, Microvision Inc and its competitors Flexpoint Sensor Systems Inc, Clientron Corp, and VIA optronics AG. While each company has its own unique strengths and weaknesses, they are all vying for a share of the rapidly growing market.
– Flexpoint Sensor Systems Inc ($OTCPK:FLXT)
Flexpoint Sensor Systems Inc is a publicly traded company that designs, develops, manufactures, and sells sensor systems and related components. The company has a market capitalization of $1.73 million and a return on equity of -26.46%. The company’s products are used in a variety of applications, including automotive, medical, industrial, and consumer electronics. Flexpoint Sensor Systems Inc is headquartered in Salt Lake City, Utah.
– Clientron Corp ($TPEX:8119)
Clientron Corp is a Taiwanese company that provides embedded system solutions, industrial computing platforms, and intelligent IoT solutions. It has a market cap of 1.46B as of 2022 and a Return on Equity of 10.3%. The company has a strong focus on R&D and has over 500 patents to its name. It has a wide array of products that are used in a variety of industries, including healthcare, retail, transportation, and manufacturing.
– VIA optronics AG ($NYSE:VIAO)
SIA “Optronics” is one of the leading manufacturers of optoelectronic products in Latvia. The company was founded in 1993, and its share capital is currently EUR 29.3 million. The company’s product range includes a wide variety of optoelectronic products, such as light-emitting diodes (LEDs), semiconductor lasers, optical sensors, and fiber-optic components.
Summary
MICROVISION reported a total revenue of USD 0.3 million for the second quarter of FY2023, representing 6.5% year-over-year growth.
However, the company reported a net income of -20.6 million, a decrease from -13.6 million the previous year. Investors should note that despite the revenue growth, the company’s net income is still far from breakeven. Before investing in MICROVISION, investors should consider several factors such as the company’s competitive landscape, financials, customer base, and product/service portfolio.
Additionally, analysts should be aware of the company’s risk profile, including its debt load and other potential headwinds such as changing market conditions or technological advances.
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