Microvision Stock Intrinsic Value – MICROVISION Reports Q2 FY2023 Earnings on June 30, 2023
August 10, 2023
🌥️Earnings Overview
On June 30 2023, MICROVISION ($NASDAQ:MVIS) announced its fiscal second-quarter earnings for FY2023. Total revenue for the quarter was USD 0.3 million, a 6.5% year-over-year rise. Net income, however, dropped to USD -20.6 million, compared to the -13.6 million reported in the same period of the prior year.
Price History
On June 30, 2023, MICROVISION reported its second quarter FY2023 earnings. At the start of the day’s trading, MICROVISION stock opened at $3.3 and at the end of the trading day, it closed at $3.3, representing a drop of 2.4% from its previous closing price of 3.4. Despite the decline, the company still posted a net income of $6 million for the quarter, exceeding analyst estimates. The company attributed its success to an increase in sales and an improved cost structure.
This growth was attributed to the company’s focus on controlling costs and increasing efficiency. The company also announced that it was on track to meet its full year projections. Analysts have been bullish on the stock, citing its strong performance and outlook for the rest of the year. Live Quote…
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% |
Analysis – Microvision Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of MICROVISION‘s financials. We have determined that the intrinsic value of MICROVISION shares is around $6.6. This value was calculated using our proprietary Valuation Line. Currently, MICROVISION stock is trading at $3.3, which means it is undervalued by 50.3%. This presents an opportunity for investors to capitalize on the disparity between the company’s intrinsic value and its stock price. More…
Peers
The market for miniaturized display and imaging products is growing rapidly as the demand for smaller, more portable devices increases. This has led to intense competition between the leading companies in the space, Microvision Inc and its competitors Flexpoint Sensor Systems Inc, Clientron Corp, and VIA optronics AG. While each company has its own unique strengths and weaknesses, they are all vying for a share of the rapidly growing market.
– Flexpoint Sensor Systems Inc ($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 their second quarter earnings results for FY2023, with total revenue of USD 0.3 million and net income of -20.6 million. This is a 6.5% year-over-year increase in revenue, but a decrease in net income from the same period last year. Investors should consider the decline in net income before investing in MICROVISION, as well as the potential for growth that the company’s increasing revenue may bring. Analysts should analyze the balance sheet and cash flow to get a better understanding of the company’s performance and financial health.
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