Q4 2025 MicroVision Inc Earnings Call Transcript
Key Points
- Microvision Inc (MVIS) has successfully transitioned to LiDAR 2.0, focusing on scalable deployments and long-term growth rather than just technology specs.
- The acquisition of Luminar and Scantinel has expanded Microvision's product portfolio, making it the most comprehensive in the LiDAR industry.
- Microvision's software-centric approach reduces hardware costs and enhances capabilities, providing a competitive edge.
- The company is seeing strong interest and customer trials for its Movia S sensor, indicating positive market reception.
- Microvision has established a strong presence in the security and defense sector, with ongoing shipments and repeat orders from European customers.
- Microvision Inc (MVIS) reported a significant decline in revenue for 2025 compared to 2024, primarily due to the end of a contract with an agricultural equipment customer.
- The company incurred $29.4 million in non-cash asset impairment and adverse purchase commitment charges in Q4 2025.
- Operating expenses increased in Q4 2025 due to the addition of the aerial systems team, impacting overall financial performance.
- The consolidation of operations from Redmond to Orlando is expected to result in asset impairment charges of $8 to $12 million.
- Microvision's revenue guidance for 2026 is modest at $10 to $15 million, reflecting the challenges of integrating recent acquisitions and scaling operations.
Good afternoon and welcome to the Microvision fourth quarter and full year 2025 financial and operating results conference call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Drew Markham. Please go ahead.
Thank you, Paul. Good afternoon. I'm here today with our Chief Executive Officer, Glenn DeVos, and our interim Chief Financial Officer, Steve Perinowicz. Following their prepared remarks, we will open the call to questions.
Please note that some of the information you will hear in today's discussion will include forward-looking statements including but not limited to strategic plans, acquisition benefits and risks. Expectations regarding customer engagement and product deliveries, go to market strategies, product performance and pricing, market landscape and opportunities, cash flow forecasts, liquidity, and the impacts of recent financing activities.
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