维视图像 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ Commission file number 001-34170 MicroVision, Inc.(Exact name of registrant as specified in its charter) Delaware91-1600822(State or Other Jurisdictionof Incorporation or Organization)(I.R.S. EmployerIdentification Number) 18390 NE 68thStreetRedmond,Washington 98052(Address of Principal Executive Offices, including Zip Code) (425) 936-6847(Registrant’s Telephone Number, including Area Code) Securities registered pursuant to Section 12(b) of the Act: MVIS Common Stock, $0.001 par value per share The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file reports), and(2) has been subject to such filing requirements for the past 90 days. YES☒NO☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). The number of shares of the registrant’s common stock outstanding as of August 3, 2026 was 23,788,425. TABLE OF CONTENTS Item 1. Financial Statements (unaudited)Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 20253Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 20254Condensed Consolidated Statements of Comprehensive Loss for the three and six months ended June 30, 2026 and 20255Condensed Consolidated Statements of Shareholders’ Equity for the three and six months ended June 30, 2026 and 20256Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 20257Notes to Condensed Consolidated Financial Statements8Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item 3. Quantitative and Qualitative Disclosures About Market Risk30Item 4. Controls and Procedures30 PART II. OTHER INFORMATION Item 1. Legal Proceedings31Item 1A. Risk Factors31Item 5. Other Information41Item 6. Exhibits42Signatures43 MicroVision, Inc.Condensed Consolidated Balance Sheets(In thousands, except per share data)(Unaudited) Warrant liability3801,875Operating lease liabilities, net of current portion15,74314,034Finance lease liabilities, net of current portion1727Other long-term liabilities1,4241,486Total liabilities67,98847,571 Shareholders’ equity (Note 2)Preferred stock, par value $0.001; 25,000 shares authorized; zero and zero shares issuedand outstanding as of June 30, 2026 and December 31, 2025, respectively--Common stock, par value $0.001; 150,000 shares authorized; 23,350 and 20,434 sharesissued and outstanding as of June 30, 2026 and December 31, 2025, respectively2320Additional paid-in capital1,039,3581,012,121Accumulated other comprehensive income737669Accumulated deficit(1,019,499)(957,262)Total shareholders’ equity20,61955,548Total liabilities and shareholders’ equity$88,607$103,119 MicroVision, Inc.Condensed Consolidated Statements of Operations(In thousands, except per share data)(Unaudited) MicroVision, Inc.Condensed Consolidated Statements of Comprehensive Loss(In thousands)(Unaudited) MicroVision, Inc.Condensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) MicroVision, Inc.Notes to Condensed Consolidated Financial Statements(Unaudited) 1. DESCRIPTION OF BUSINESS MicroVision, Inc. is defining the next generation of lidar-based perception solutions for automotive, industrial, and security & defensemarkets. The Company delivers integrated hardware and software solutions designed for real-world performance, automotive-gradereliability, and economic scalability. The Compan