Redmond, Washington — November 11, 2025 — Leads & Copy — MicroVision, Inc. (NASDAQ:MVIS) has announced its third-quarter 2025 results, highlighting key business and operational achievements.
Glen DeVos, a 30-year industry veteran, was appointed as Chief Executive Officer to enhance the company’s automotive capabilities. MicroVision introduced its next-generation solid-state lidar sensor, MOVIA S, offering an energy-efficient and cost-effective short-range solution for automotive, industrial, and defense applications. The company also launched its Tri-Lidar Architecture solution, providing an alternative to single-sensor solutions.
MicroVision executed an agreement to acquire Scantinel Photonics, a German developer of long-range FMCW lidar, to advance lidar-on-chip solutions for commercial vehicle and passenger car markets. Additionally, MicroVision established a design office and testing facilities in the D.C. area, focusing on intelligence, surveillance, and reconnaissance (ISR) capabilities for the defense sector.
The company expanded its global sales and engineering leadership, bringing decades of experience to its sales organization and commercialization efforts. MicroVision maintained a strong balance sheet, cost-efficient operations, and sound financial practices.
“I’ve been thrilled to see the Company’s momentum and energy these past six weeks, as I stepped into my new role here at MicroVision,” said Glen DeVos, MicroVision’s Chief Executive Officer. “The Company is making great strides – processing the high level of external interest stemming from the unveiling at IAA Mobility of our next-gen short-range sensor; optimizing perception system value to automotive OEMs by disrupting norms to offer a cost-effective, integrated solution; accelerating our drone-agnostic perception solution and expansion into ISR applications; and collaborating with the EU’s photonics ecosystem to bring 1550nm FMCW lidar technology to the commercial vehicle and passenger car markets.”
According to DeVos, MicroVision is poised to become a leader in lidar technology, driving the market to a similar inflection point as seen with radar in automotive ADAS. He stated that MicroVision possesses the product portfolio, engineering excellence, and strategic plan necessary to disrupt the market.
Key financial highlights for Q3 2025 include revenue of $0.2 million, consistent with the third quarter of 2024, primarily from sales to industrial customers. Total operating expenses were $12.0 million, remaining relatively stable year-over-year after adjusting for non-cash items. The net loss for the quarter was $14.2 million, or $0.05 per share, which includes non-cash interest expense, severance payments, and non-cash unrealized gains and losses.
Adjusted EBITDA for the third quarter of 2025 showed a $11.7 million loss, unchanged from the previous year. Cash used in operations was $16.5 million, compared to $14.1 million in the third quarter of 2024. The company ended the quarter with $99.5 million in cash and cash equivalents, including investment securities, an increase from $74.7 million at the end of 2024.
As of September 30, 2025, MicroVision has access to $76.2 million of additional capital, subject to certain conditions.
MicroVision will host a conference call and webcast on Tuesday, November 11, 2025, at 1:30 PM PT/4:30 PM ET to discuss the financial results and provide a business update. The live webcast can be accessed on the Company’s Investor Relations website under the Events tab.
MicroVision is focused on driving the adoption of perception solutions to enhance mobility and autonomy. The company develops and supplies integrated lidar hardware and perception software solutions for various industrial applications, including robotics, automated warehouses, and agriculture. MicroVision’s technologies also contribute to the advancement of ADAS and autonomous driving systems.
With its solid-state lidar technologies and onboard perception software, MicroVision aims to deliver safe mobility solutions.
MicroVision is based in Washington State, Washington D.C., and Hamburg, Germany. MicroVision, MAVIN, MOSAIK, and MOVIA are trademarks of MicroVision, Inc.
To supplement its financial statements, MicroVision presents non-GAAP financial measures such as “adjusted EBITDA” and “adjusted Gross Profit.” These measures are intended to provide additional insights into the company’s financial and business trends.
MicroVision cautions that certain statements in the release, including market position, expectations, and likelihood of success, involve risks and uncertainties that could cause actual results to differ materially from those projected. The company undertakes no obligation to update or revise any forward-looking statements.
Investor Relations Contact:
Jeff Christensen
Darrow Associates Investor Relations
MVIS@darrowir.com
Media Contact:
Marketing@MicroVision.com
