MicroVision Inc (0K17.L) Q1 2025 Earnings Report

MicroVision reported a modest first quarter operating footprint with Q1 2025 revenue of $0.589 million and a net loss of $28.8 million ($0.12 per share). The company underscores a lean cost structure and a strategic pivot toward higher-potential industrial and defense markets, while maintaining ongoing engagements with automotive OEMs. Management emphasizes that the near-term objective is to monetize custom development opportunities and software-enabled lidar solutions through anchor industrial customers and defense partnerships, not immediate large-scale production revenues. A capital raise in Q1 extended the cash runway into 2026, and MicroVision highlights a multi-year plan to scale within an expanded total addressable market (TAM) in industrial, defense, and selective automotive opportunities. While management refrains from issuing fiscal 2025 revenue guidance, they project line-of-sight to $30–$50 million in revenue over the next 12–18 months driven by industrial deployments and new partnerships, with defense pilots and pre-development activities expected to mature over the same horizon.