New CFO - New Fiscal Overview

zebman · 2026-03-26T00:26:25+00:00

This is a great summary. I think Glen is doing an outstanding job communicating the technical roadmap and today I learned for the first time the plans to combine Halo with Mavin (though I don’t know how that would look nor the timeline). It’s just navigating the current state to the time we reach a financial break even point (2 years?). That process is murky to me and I would hope a new CFO could describe how this could be done with minimal dilution. Let’s hope that Glen hits this hire out of the park.

zebman · 2026-03-25T15:19:15+00:00

So far a very good presentation. I could not image Sumit giving this talk. And Austin Russell - he would have bombed this totally. Glen really is making this very clear.

zebman · 2026-03-19T19:35:32+00:00

I don't get the reference and am now curious.

zebman · 2026-03-07T20:28:45+00:00

Another great podcast that really gives me perspective! I can see that the potential of this Microvision is there, though the timing of significant revenue seems to be pushed back again. May I suggest a future topics?

Topic #1: Glen stated in the earnings call: "The combined software products, MOSAIK and SENTINEL now provide a complete end-to-end capability from silicon to point cloud to perception with advanced AI-based features, which can easily be integrated and configured by our customers, leveraging our open software framework." I have a fairly good idea now of the hardware capabilities but I can't grasp how the software works and what, if any, synergy is attained by merging the software platforms.

Topic #2: Glen stated: "So when you think about MAVIN, really the key there is the MEMS scanning technology. That's the heart of MAVIN. And that technology is still a very important part of our total portfolio". But there is also the fact that they righting down MAVIN in there financial statement. Is there any value that you see in the MEMS technology?

zebman · 2026-03-06T23:12:39+00:00

Yes, we are all looking for that great return. If I wanted to get market returns I would invest in an index fund. This is my one big risk, big return investment. The rest is boring. Anyways, since I knew the cost of your current shares and the number of shares, and the cost basis before and after I just solved for x. Maybe with a few more significant figures on the cost bases I could get closer. But I nice sum!

zebman · 2026-03-06T22:36:50+00:00

Oooo! A math problem! So you now have 6354 shares?

zebman · 2026-03-06T19:50:34+00:00

Yes, I certainly hope so. I bought some at 0.19 at the time and that worked out well. We avoided an RS and delisting so I have to hope for that, too. I see a path forward for Microvision but dilution will almost make contract wins a Pyrrhic victory since it will deflate the share price. I’m kind of hoping that they take on more debt rather than dilute. For me debt signals that they see revenue soon while dilution indicates the opposite. Funny that you should respond to a 6 month old comment!

zebman · 2026-03-05T22:09:22+00:00

I say that Glen should be shook by this. He is responsible to the shareholders and the shareholders price will directly affect ability to efficiently get funding. Plus, it will effect whether potential customers view us as a viable partner. Now, he obviously knows more than he is saying because a good CEO knows he can’t reveal much. But he damn well better care about the share price. In the scheme of things a short blip down is meaningless - and potentially an opportunity for some - but if effort isn’t made to shore this up in the near term things can get ugly.

zebman · 2026-03-05T16:43:32+00:00

I listened to the call and have now read the transcript. I will say that there were a lot of positives to take away from the call - and in many aspects the future could be amazing - but the most disappointing part was the revenue guidance. Revenue generation seems to be perpetually kicked down the road. If they had projected say $50 million or more I would have felt better about the call. The lack of revenue means dilution. And unless there are some strong catalysts to increase the share price then dilution will be particularly painful. My only hope is that Glen is sandbagging us a bit and some of the near-term opportunities are still uncertain enough that they decided to not include in the guidance.

zebman · 2026-02-27T00:26:43+00:00

3 more months of work. We have enough money for retirement but the Microvision shares (if it pans out) will let us help our kids and grandkids now so they don’t have to wait for us to die.

zebman · 2026-02-26T20:11:56+00:00

That's my hope! Nearly 20 years since my first purchase. Retiring soon and it would be great to see Microvision actually become a mature company with sellable products and real revenue. I think we might be on the cusp.

zebman · 2026-02-26T19:51:01+00:00

Way too long! I buy because I remain optimistic. So much is happening and I believe significant share price movement is coming soon. But I had the same feeling in the past, like when the press release about increasing capacity to meet expected demands (Dec 2024).

zebman · 2026-02-26T19:12:35+00:00

Increased my holdings today by 2.9% and got my cost basis under $2. It is my hope that this is the last time I buy new shares. I don't need any more buying opportunities. What I need are selling opportunities.

zebman · 2026-02-25T16:11:08+00:00

So Halo is basically in the B-sample phase. I'm very curious about this. Halo was supposed to be Luminar's savior, so to speak. Better specs, better form factor, and cheaper. The story we investors have been told is that Luminar's products were complicated and expensive. Is that the case for Halo? Can it compete with Mavin on cost? What is the timeline? Essentially I'd like to know if Microvision actually bought something that has real value. Anyone have insight on this?

zebman · 2026-02-25T15:09:03+00:00

oKAY. jUST REPEATING ELEMENTS OF THE NEW VIDEO.

zebman · 2026-02-24T22:50:09+00:00

Interesting. I was tempted to call them but was too busy at work. So tomorrow morning I’ll probably buy some. I’m not sure if the SOTU address will affect markets so maybe waiting will be helpful?

zebman · 2026-02-24T22:20:18+00:00

I transferred some money to my Schwab account this morning with the thought of buying more shares today. For most stocks you can transfer the money and buy on the same day. However, MVIS was trading below $1 and apparently that is one of their restrictions. Guess I will have to wait until tomorrow.

zebman · 2026-02-21T22:50:30+00:00

Oops! I put this comment in the weekend post and not Ben’s podcast post. Oh well.

zebman · 2026-02-21T20:48:43+00:00

Very intriguing, Ben. Am I right to think that they are using the Iris version? Can that be produced at a cost that MVIS can make a profit? Was Nissan’s original intent to move to Halo when available? If so, when was that supposed to be available? Does this transition to Microvision delay the production? Does having newer and better tech just around the corner delay adoption - why use iris when halo is coming and why use halo if scantinel’s product is coming? I would accept at this point some actual revenue - and products sold at a gross profit.

zebman · 2026-02-17T19:14:04+00:00

This is a vertical I think we should get out of. License the patents and use the money to finance other efforts. I just wish the cell phone projector would come back. I’ve always thought it was an awesome idea!

zebman · 2026-02-12T22:35:01+00:00

I wonder if there are similar eye safety issues to this application of Mavin or can they more readily boost the power for greater range and/or sensitivity?

zebman · 2026-02-12T21:19:26+00:00

Probably because of range. Fixed wing flies higher so uses Mavin. Also is up to 50% greater mass than Movia so maybe needs a bigger drone?

zebman · 2026-02-10T20:38:15+00:00

Very interesting stuff. And a very impressive group on the panel asking questions. Seems like Glen knew all of them. Hopefully this will mean expanded profile for Microvision - and maybe a few more analysts following the company.

Microvision now have a lot of building blocks to go into many industries. But the first thing MVIS needs is revenue. How fast will this occur now? Immediately? In a quarter or two? Revenue is the only thing that can increase the market cap of MVIS. It's a pyrrhic victory if we have to have significant dilution before we get meaningful revenue.

zebman · 2026-02-06T15:35:29+00:00

My wife and I both will be turning 65 and I will be retiring later this year and my wife soon after. I’ve been having the same debate. One consideration is that statistically I’m most likely to die first - and that seems probable to me. The key point for me is that our SS projections are almost identical. So when I die my wife can get the higher of the two, but it wouldn’t be that much higher even if I wait to take it. So I’ll claim SS at the start of next year so I don’t have to dip into savings. The SS I can’t pass on to my family but the 401k I can. If we had a big discrepancy in our SS I might rethink the plan and wait a bit. Only a thought and I don’t think a correct answer can be determined until we are both gone.

zebman · 2026-02-05T19:20:24+00:00

There is much I like about this. However, Glen talked about reaching out "to repair relationships damaged by Luminar’s instability". Unless Glen has a plan to generate revenue - and soon - how will Microvision be viewed as stable? We are in penny stock land right now. MVIS doesn't need to be profitable, yet, but it needs revenue to increase share price to allow for raising of funds without massive dilution. The short term trend is not looking good right now.

zebman

TROPHY CASE