Record Lidar Revenue, 50% Gross Margin as Q3 Sales Jump to $2.4M
MVIS sits 19% above its 52-week low of $1.08.
Summary
MicroVision posted Q3 2026 revenue of $2.4 million versus $0.2 million a year ago, with gross margin at 50% against a negative margin last year. Year-to-date revenue of $4.8 million is nearly five times the $1.0 million through the first nine months of 2025. The net loss narrowed to $12.2 million, or $0.45 per share, from $14.2 million, or $0.72 per share, and the quarter included a $6.3 million German R&D cash grant. Cash stood at $28.9 million on September 30 after $13.6 million of operating cash use, and management says Q4 cost cuts plus a 2027 cash burn target of about $40 million pull the profitability path forward. Guidance was reiterated at $10M-$15M for 2026 with 2027 revenue expected to at least double. This follows the October 7 8-K that first reaffirmed that outlook; the actual quarterly numbers and the cost-reduction plan are the new information for a company whose prior 10-Q carried a going concern warning. The earnings call is at 4:30 p.m. ET today.
At the time of this announcement, MVIS was trading at $1.29 on NASDAQ in the Technology sector, with a market capitalization of approximately $39.8M. The 52-week trading range was $1.08 to $18.60. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.