Microvision, inc. (MVIS)
Income statement / TTM
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

-

-

-

-

-

-

-

-

-

-

0

0

-

12,849

11,753

10,214

8,866

6,452

5,335

3,273

1,092

352

6

166

1,082

2,300

4,717

6,639

6,472

6,782

5,400

4,827

4,981

4,338

4,395

4,885

0

0

0

License and royalty revenue

-

-

-

-

-

-

-

-

-

-

601

855

1,358

1,803

1,870

1,848

1,563

1,165

791

482

176

40

0

0

0

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Contract revenue

-

-

-

-

-

-

-

-

-

-

4,791

1,748

576

109

79

38

1,559

1,571

1,903

2,614

1,401

1,402

1,182

588

337

602

805

1,192

1,664

1,583

1,742

1,541

1,247

1,279

1,019

778

0

0

0

Development revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,691

2,760

3,190

3,802

2,909

1,840

1,180

300

0

0

0

0

-

-

-

-

-

-

Revenues

8,504

8,886

6,114

16,496

17,270

17,607

18,076

11,929

11,254

9,634

10,237

8,812

11,628

14,761

13,702

12,100

11,988

9,188

8,029

6,599

3,167

3,485

4,015

4,011

5,270

5,852

7,362

9,011

8,436

8,365

7,142

6,368

6,228

5,617

5,414

5,663

0

0

0

Operating expenses:
Cost of product revenue

-

-

-

-

-

-

-

-

-

-

5,950

5,539

7,945

10,320

9,405

8,448

7,935

6,384

5,121

3,316

1,275

228

37

40

844

1,518

2,813

3,692

2,574

6,085

8,713

10,309

13,575

11,640

11,767

12,621

0

0

0

Cost of contract revenue

-

-

-

-

-

-

-

-

-

-

3,762

1,263

456

54

36

13

790

796

1,101

1,461

814

816

551

264

155

283

424

599

821

839

1,148

1,134

1,281

1,425

984

768

0

0

0

Total cost of revenue

8,720

8,564

9,577

10,150

10,008

10,638

8,749

11,807

11,119

9,862

9,712

6,802

8,401

10,374

9,441

8,461

8,725

7,180

6,222

4,777

2,089

1,044

588

304

999

1,801

3,237

4,291

3,395

6,924

9,861

11,443

14,856

13,065

12,751

13,389

0

0

0

Gross profit

-216

322

-3,463

6,346

7,262

6,969

9,327

122

135

-228

525

2,010

3,227

4,387

4,261

3,639

3,263

2,008

1,807

1,822

1,078

2,441

3,427

3,707

4,271

4,051

4,125

4,720

5,041

1,441

-2,719

-5,075

-8,628

-7,448

-7,337

-7,726

0

0

0

Research and development expense

16,371

18,661

22,245

25,065

25,811

24,666

22,584

19,625

16,606

15,096

14,022

13,648

12,855

12,134

11,069

10,247

9,379

8,680

8,059

8,197

8,422

9,067

10,208

10,732

10,835

10,544

10,071

10,275

11,163

12,851

14,097

14,641

14,892

15,279

17,366

19,768

0

0

0

Sales, marketing, general and administrative expense

7,205

8,133

9,421

9,977

9,615

9,523

10,142

9,951

10,183

10,156

9,240

9,409

9,255

8,743

8,609

8,251

8,026

7,879

7,358

7,072

6,967

7,005

7,508

8,053

8,313

8,757

9,111

9,404

10,367

11,252

11,909

12,790

13,303

13,314

13,737

14,248

0

0

0

Gain on disposal of fixed assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

80

81

79

47

5

4

11

11

7

0

0

0

Gain on sale of previously reserved inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

463

579

605

378

156

0

0

0

-

-

-

-

-

-

-

-

-

-

Total operating expenses

23,126

26,794

31,666

35,042

35,426

34,189

32,726

29,576

26,789

25,252

23,230

23,025

22,078

20,845

19,677

18,497

17,404

16,558

15,409

15,261

15,153

15,609

17,172

18,182

18,772

19,145

19,155

19,665

21,516

24,096

25,959

27,426

28,191

28,582

31,092

34,009

0

0

0

Loss from operations

-23,342

-26,472

-35,129

-28,696

-28,164

-27,220

-23,399

-29,454

-26,654

-25,480

-22,705

-21,015

-18,851

-16,458

-15,416

-14,858

-14,141

-14,550

-13,602

-13,439

-14,075

-13,168

-13,745

-14,475

-14,501

-15,094

-15,030

-14,945

-16,475

-22,655

-28,678

-32,501

-36,819

-36,030

-38,429

-41,735

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Gain (loss) on derivative instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Other expenses, net

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

0

-

-

64

69

38

-255

-133

-247

-222

-129

-84

0

0

0

Change in warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on warrant exchange

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,967

-3,085

-3,067

-3,067

1,900

18

0

0

-

0

-

-

-

-

-

-

-

-

Other expense, net

-7

-11

-18

-21

-22

-30

0

0

0

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-23,349

-26,483

-35,147

-28,717

-28,186

-27,250

-23,421

-29,472

-26,669

-25,486

-22,737

-21,045

-18,865

-16,472

-15,400

-14,843

-14,136

-14,542

-13,590

-13,432

-14,064

-18,120

-17,195

-17,507

-17,542

-13,178

-14,831

-15,009

-16,544

-22,693

-28,425

-32,370

-36,574

-35,808

-37,852

-41,135

0

0

0

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

6,393

5,345

1,198

199

199

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Goods and Services Sold

7,799

6,692

6,822

6,217

5,518

5,468

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

311

99

17

10,000

10,000

10,011

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract
Revenue from Contract with Customer, Including Assessed Tax

1,800

3,442

4,899

6,297

7,071

7,596

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Goods and Services Sold

921

1,872

2,755

3,933

4,490

5,170

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-