MicroVision, Inc. (MVIS) financial statements (2022 and earlier)

Company profile

Business Address 6244 185TH AVENUE NE, SUITE 100
REDMOND, WA 98052
State of Incorp. DE
Fiscal Year End December 31
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments115,36716,8625,83713,76616,96615,1397,888
Cash and cash equivalents82,64716,8625,83713,76616,96615,1397,888
Short-term investments32,720      
Receivables  1,079476152451,687
Inventory, net of allowances, customer advances and progress billings1,780 1921,1094,5411,233862
Inventory1,780 1921,1094,5411,233862
Costs in excess of billings680  
Other current assets2,2836987291,311945731638
Other undisclosed current assets   987   
Total current assets:119,43017,5607,83717,64923,14717,34811,075
Noncurrent Assets
Operating lease, right-of-use asset5,5779461,308
Property, plant and equipment3,0261,8831,8492,9933,2511,5371,669
Intangible assets, net (including goodwill)115164221486602718845
Intangible assets, net (excluding goodwill)115164221486602718845
Restricted cash and investments 435435435435435435
Other noncurrent assets 181861,4702,2626818
Other undisclosed noncurrent assets2,077      
Total noncurrent assets:10,7953,4463,9995,3846,5502,7582,967
TOTAL ASSETS:130,22521,00611,83623,03329,69720,10614,042
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,7541,1253,9168,0138,9276,0775,582
Accounts payable3,5846301,8712,4113,0632,1952,183
Accrued liabilities1,1704952,0455,6025,8643,8823,399
Deferred revenue5,2657,765 
Debt41346268121   
Billings in excess of cost5168 
Other liabilities1,181 8310,15410,142500500
Other undisclosed current liabilities8496769,776 9994991,622
Total current liabilities:12,46210,02814,45618,18820,0737,2447,704
Noncurrent Liabilities
Long-term debt and lease obligation5,0091,9691,35733   
Long-term debt, excluding current maturities 1,151     
Finance lease, liability26449
Capital lease obligations33   
Operating lease, liability4,9837741,348
Liabilities, other than long-term debt, including:   695305536,491
Deferred revenue and credits4,4535,3356,491
Deferred rent credit   695
Other undisclosed liabilities, other than long-term debt    (4,148)(5,282) 
Other undisclosed noncurrent liabilities(4,983)(774)  4,4535,335 
Total noncurrent liabilities:5,0091,9691,3577284,7585,3886,491
Total liabilities:17,47111,99715,81318,91624,83112,63214,195
Stockholders' equity
Stockholders' equity attributable to parent112,7549,009(3,977)4,1174,8667,474(153)
Common stock164153126100796847
Common stock, share subscribed but unissued, subscriptions receivable (6,135)     
Additional paid in capital742,042601,224568,496550,133528,873507,249483,171
Accumulated other comprehensive loss(19)      
Accumulated deficit(629,433)(586,233)(572,599)(546,116)(524,086)(499,843)(483,371)
Total stockholders' equity:112,7549,009(3,977)4,1174,8667,474(153)
TOTAL LIABILITIES AND EQUITY:130,22521,00611,83623,03329,69720,10614,042

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,5003,0908,88617,60710,89114,7619,188
Revenue, net10,89114,7619,188
Cost of revenue(2)(1,398)(8,564)(10,638)(9,876)(10,374)(7,180)
Cost of goods and services sold(48)(168)(2,200)(4,400)(9,876)(10,374)(7,180)
Gross profit:2,4981,6923226,9691,0154,3872,008
Operating expenses(46,367)(15,307)(26,794)(34,189)(25,252)(20,845)(16,558)
Operating loss:(43,869)(13,615)(26,472)(27,220)(24,237)(16,458)(14,550)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(23)(19)(11)(30)(6)(14)8
Interest and debt expense692(3)(6)    
Net loss:(43,200)(13,637)(26,489)(27,250)(24,243)(16,472)(14,542)
Other undisclosed net income attributable to parent 36    
Net loss available to common stockholders, diluted:(43,200)(13,634)(26,483)(27,250)(24,243)(16,472)(14,542)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(43,200)(13,637)(26,489)(27,250)(24,243)(16,472)(14,542)
Other comprehensive loss(19)      
Comprehensive loss, net of tax, attributable to parent:(43,219)(13,637)(26,489)(27,250)(24,243)(16,472)(14,542)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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