Delaware
|
001-34170
|
91-1600822
|
(State
or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer Identification
No.)
|
Title of each class
|
|
Trading
symbol(s)
|
|
Name of each exchange
on which registered
|
Common stock, par value $0.001 per share
|
|
MVIS
|
|
The NASDAQ Stock Market
|
Exhibit No.
|
Description
|
Press
Release of MicroVision, Inc. dated August 4, 2021.
|
|
MICROVISION,
INC.
|
|
|
|
|
|
|
Date: August 4, 2021
|
By:
|
/s/
Drew
G. Markham
|
|
|
|
Drew G. Markham |
|
|
|
Vice President, General Counsel and Secretary |
|
MicroVision,
Inc.
|
||
|
||
Balance
Sheet
|
||
(In
thousands)
|
||
(Unaudited)
|
||
|
June
30,
|
December
31,
|
|
2021
|
2020
|
|
|
|
Assets
|
|
|
Current
Assets
|
|
|
Cash
and cash equivalents
|
$135,288
|
$16,862
|
Inventory
|
151
|
-
|
Other
current assets
|
885
|
698
|
Total
current assets
|
136,324
|
17,560
|
|
|
|
Property and
equipment, net
|
2,742
|
1,883
|
Operating lease
right-of-use asset
|
753
|
946
|
Restricted
cash
|
435
|
435
|
Intangible assets,
net
|
139
|
164
|
Other
assets
|
24
|
18
|
Total
assets
|
$140,417
|
$21,006
|
|
|
|
|
|
|
Liabilities
and Shareholders' Equity
|
|
|
Current
Liabilities
|
|
|
Accounts
payable
|
$1,540
|
$630
|
Accrued
liabilities
|
641
|
495
|
Contract
liabilities
|
6,540
|
7,765
|
Current
portion of long-term debt
|
968
|
431
|
Current
portion of operating lease liability
|
686
|
676
|
Current
portion of finance lease obligations
|
24
|
31
|
Total
current liabilities
|
10,399
|
10,028
|
|
|
|
Long term debt, net
of current portion
|
621
|
1,151
|
Operating lease
liability, net of current portion
|
467
|
774
|
Finance lease
obligations, net of current portion
|
33
|
44
|
Total
liabilities
|
11,520
|
11,997
|
|
|
|
Commitments and
contingencies
|
|
|
|
|
|
Shareholders'
Equity
|
|
|
Common
stock at par value
|
164
|
153
|
Additional
paid-in capital
|
736,159
|
601,224
|
Subscriptions
receivable
|
-
|
(6,135)
|
Accumulated
deficit
|
(607,426)
|
(586,233)
|
Total
shareholders' equity
|
128,897
|
9,009
|
Total liabilities
and shareholders' equity
|
$140,417
|
$21,006
|
MicroVision, Inc.
Statement of Operations
(In thousands, except earnings per share
data)
(Unaudited)
|
||||
|
||||
|
Three months
ended June 30,
|
Six
months ended June 30,
|
||
|
2021
|
2020
|
2021
|
2020
|
|
|
|
|
|
Product
revenue
|
$-
|
$-
|
$-
|
$1,247
|
License and royalty
revenue
|
746
|
572
|
1,225
|
784
|
Contract
revenue
|
-
|
15
|
-
|
25
|
Total
revenue
|
746
|
587
|
1,225
|
2,056
|
|
|
|
|
|
Cost of product
revenue
|
(31)
|
(1)
|
(36)
|
1,394
|
Cost of contract
revenue
|
-
|
-
|
-
|
4
|
Total cost of
revenue
|
(31)
|
(1)
|
(36)
|
1,398
|
|
|
|
|
|
Gross
margin
|
777
|
588
|
1,261
|
658
|
|
|
|
|
|
Research and
development expense
|
7,376
|
1,607
|
11,838
|
5,290
|
Sales, marketing,
general and administrative expense
|
8,355
|
1,280
|
10,602
|
3,051
|
Gain on disposal of
fixed assets
|
-
|
-
|
-
|
(450)
|
Total operating
expenses
|
15,731
|
2,887
|
22,440
|
7,891
|
|
|
|
|
|
Loss from
operations
|
(14,954)
|
(2,299)
|
(21,179)
|
(7,233)
|
|
|
|
|
|
Other expense,
net
|
(8)
|
(5)
|
(14)
|
(5)
|
|
|
|
|
|
Net
loss
|
$(14,962)
|
$(2,304)
|
$(21,193)
|
$(7,238)
|
|
|
|
|
|
Net loss per share
- basic and diluted
|
$(0.09)
|
$(0.02)
|
$(0.13)
|
$(0.05)
|
|
|
|
|
|
Weighted-average
shares outstanding - basic and diluted
|
158,818
|
140,107
|
157,136
|
133,661
|
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