Microvision, inc. (MVIS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Product revenue

-

-

-

-

-

-

-

-

-

-

2,253

45

-

2,547

3,617

3,530

3,155

1,451

2,078

2,182

741

334

16

1

1

-12

176

917

1,219

2,405

2,098

750

1,529

1,023

1,525

904

886

1,080

2,015

License and royalty revenue

-

-

-

-

-

-

-

-

-

-

77

106

97

321

331

609

542

388

309

324

144

14

0

18

8

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Contract revenue

-

-

-

-

-

-

-

-

-

-

3,095

1,188

471

37

52

16

4

7

11

1,537

16

339

722

324

17

119

128

73

282

322

515

545

201

481

314

251

233

221

73

Development revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

230

268

1,193

1,069

660

880

300

0

0

0

0

-

-

-

-

-

-

Revenues

1,469

4,605

1,190

1,240

1,851

1,833

11,572

2,014

2,188

2,302

5,425

1,339

568

2,905

4,000

4,155

3,701

1,846

2,398

4,043

901

687

968

611

1,219

1,217

964

1,870

1,801

2,727

2,613

1,295

1,730

1,504

1,839

1,155

1,119

1,301

2,088

Operating expenses:
Cost of product revenue

-

-

-

-

-

-

-

-

-

-

3,178

181

213

2,378

2,767

2,587

2,588

1,463

1,810

2,074

1,037

200

5

33

-10

9

8

837

664

1,304

887

-281

4,175

3,932

2,483

2,985

2,240

4,059

3,337

Cost of contract revenue

-

-

-

-

-

-

-

-

-

-

2,525

812

403

22

26

5

1

4

3

782

7

309

363

135

9

44

76

26

137

185

251

248

155

494

237

395

299

53

21

Total cost of revenue

1,399

3,426

2,072

1,823

1,243

4,439

2,645

1,681

1,873

2,550

5,703

993

616

2,400

2,793

2,592

2,589

1,467

1,813

2,856

1,044

509

368

168

-1

53

84

863

801

1,489

1,138

-33

4,330

4,426

2,720

3,380

2,539

4,112

3,358

Gross profit

70

1,179

-882

-583

608

-2,606

8,927

333

315

-248

-278

346

-48

505

1,207

1,563

1,112

379

585

1,187

-143

178

600

443

1,220

1,164

880

1,007

1,000

1,238

1,475

1,328

-2,600

-2,922

-881

-2,225

-1,420

-2,811

-1,270

Research and development expense

3,683

3,177

3,566

5,945

5,973

6,761

6,386

6,691

4,828

4,679

3,427

3,672

3,318

3,605

3,053

2,879

2,597

2,540

2,231

2,011

1,898

1,919

2,369

2,236

2,543

3,060

2,893

2,339

2,252

2,587

3,097

3,227

3,940

3,833

3,641

3,478

4,327

5,920

6,043

Sales, marketing, general and administrative expense

1,771

1,282

1,697

2,455

2,699

2,570

2,253

2,093

2,607

3,189

2,062

2,325

2,580

2,273

2,231

2,171

2,068

2,139

1,873

1,946

1,921

1,618

1,587

1,841

1,959

2,121

2,132

2,101

2,403

2,475

2,425

3,064

3,288

3,132

3,306

3,577

3,299

3,555

3,817

Gain on disposal of fixed assets

450

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

0

2

32

46

1

0

0

4

0

7

0

0

Gain on sale of previously reserved inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

0

228

227

124

26

1

5

-

-

-

-

-

-

-

-

-

-

Total operating expenses

5,004

4,459

5,263

8,400

8,672

9,331

8,639

8,784

7,435

7,868

5,489

5,997

5,898

5,846

5,284

5,050

4,665

4,678

4,104

3,957

3,819

3,529

3,956

3,849

4,275

5,092

4,966

4,439

4,648

5,102

5,476

6,290

7,228

6,965

6,943

7,055

7,619

9,475

9,860

Loss from operations

-4,934

-3,280

-6,145

-8,983

-8,064

-11,937

288

-8,451

-7,120

-8,116

-5,767

-5,651

-5,946

-5,341

-4,077

-3,487

-3,553

-4,299

-3,519

-2,770

-3,962

-3,351

-3,356

-3,406

-3,055

-3,928

-4,086

-3,432

-3,648

-3,864

-4,001

-4,962

-9,828

-9,887

-7,824

-9,280

-9,039

-12,286

-11,130

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

15

50

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

15

16

Gain (loss) on derivative instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

446

34

Other expenses, net

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

-

3

-

-

-

0

-

-

-5

-4

-

-

4

6

210

-156

9

-25

-83

-34

-105

0

10

11

Change in warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

397

-

-

-

-

-

-

-

-

-

-

-

-

Loss on warrant exchange

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-4,967

1,882

18

0

0

-

0

-

-

-

-

-

-

-

-

Other expense, net

0

-4

4

-7

-4

-11

1

-8

-12

-

5

-5

-

-

7

11

-

-

6

1

-

-

-

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-4,934

-3,284

-6,141

-8,990

-8,068

-11,948

289

-8,459

-7,132

-8,119

-5,762

-5,656

-5,949

-5,370

-4,070

-3,476

-3,556

-4,298

-3,513

-2,769

-3,962

-3,346

-3,355

-3,401

-8,018

-2,421

-3,667

-3,436

-3,654

-4,074

-3,845

-4,971

-9,803

-9,806

-7,790

-9,175

-9,037

-11,850

-11,073

Net income (loss) per share - basic

-

-

-0.05

-

-

-

0.00

-

-

-

-0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) per share - diluted

-

-

-0.05

-

-

-

0.00

-

-

-

-0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average shares outstanding - basic

-

-

114,874

-

-

-

93,073

-

-

-

74

69,373

68,113

-

52,111

51,567

47,566

-

47,216

46,663

44,963

-

43,858

43,015

34,842

-

-

26,493

25,240

25,212

24,974

19,167

17,027

15,912

13,655

13,272

12,837

89,376

88,676

Weighted-average shares outstanding - diluted

-

-

114,874

-

-

-

93,204

-

-

-

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per share - basic and diluted

-0.04

-

-

-0.08

-0.08

-

-

-0.10

-0.09

-

-

-0.08

-0.09

-

-0.08

-0.07

-0.07

-

-0.07

-0.06

-0.09

-

-0.08

-0.08

-0.23

-

-

-0.13

-0.14

-0.06

-0.15

-0.26

-0.58

-0.61

-0.57

-0.69

-0.70

-0.13

-0.12

Net loss per share - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.13

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average shares outstanding - basic and diluted

127,214

-

-

106,872

101,971

-

-

81,321

78,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,448

-

-

-

-

-

-

-

-

-

-

-

-

Product revenue
Revenue from Contract with Customer, Including Assessed Tax

1,247

4,147

999

0

199

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Goods and Services Sold

1,395

3,340

2,039

1,025

288

3,470

1,434

326

238

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

License and royalty
Revenue from Contract with Customer, Including Assessed Tax

212

82

17

0

0

0

10,000

0

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract
Revenue from Contract with Customer, Including Assessed Tax

10

376

174

1,240

1,652

1,833

1,572

2,014

2,177

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Goods and Services Sold

4

86

33

798

955

969

1,211

1,355

1,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-