MicroVision Reports 91.8% Revenue Decline in Q2 2025, Net Loss Improves

MicroVision, Inc. reported a significant decline in financial performance for the second quarter of 2025, with revenues dropping to $155,000, a decrease of 91.8% compared to $1.9 million in the same period of 2024. For the first half of 2025, total revenue was $744,000, down 73.9% from $2.9 million in the prior year. The company attributed this decline primarily to reduced sales of sensors to industrial customers, which had previously been bolstered by shipments to Daimler Truck North America as part of their evaluation processes. The cost of revenue also decreased, totaling $716,000 for the quarter, reflecting a 53.9% drop from $1.6 million in 2024.

Despite the revenue decline, MicroVision's operating expenses saw a notable reduction, with total operating expenses for the second quarter of 2025 amounting to $14.1 million, down from $25 million in the same quarter of 2024. This reduction was driven by lower research and development expenses, which fell to $7.7 million from $14.2 million year-over-year, and a decrease in sales, marketing, general, and administrative expenses, which dropped to $6.4 million from $7.7 million. The company reported a net loss of $14.2 million for the quarter, an improvement from the $23.9 million loss in the same period last year.

In terms of strategic developments, MicroVision has been focusing on its core products and technologies, particularly its lidar sensors and perception software. The company has made significant organizational changes, including a workforce reduction of approximately 37% in early 2024, which has contributed to lower ongoing operating expenses. Additionally, MicroVision continues to expand its product offerings, including the MAVIN and MOVIA lidar sensors, while de-emphasizing its MOSAIK software business.

As of June 30, 2025, MicroVision reported total assets of $140.6 million, up from $121.2 million at the end of 2024, primarily due to increased cash and cash equivalents, which rose to $74.1 million from $54.5 million. The company also reported a total liquidity of $91.4 million, including $17.3 million in short-term investment securities. The company anticipates having sufficient cash to fund operations for at least the next 12 months, supported by a $150 million ATM equity offering agreement, of which approximately $76.5 million remains available.

Looking ahead, MicroVision remains committed to driving the adoption of its proprietary products across various industries, including automotive and industrial sectors. The company expects to continue incurring losses in the near term as it invests in product development and market expansion. Management is focused on leveraging its technology and partnerships to enhance its market position and drive future growth.