My End of Year Synopsis (Ha!) of MVIS
INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.
MicroVision
MVIS (market cap is $0.822B was $2.65B)
MicroVision is a manufacturer of electronic subcomponents based on the technology inherent in a MEMS (Micro-Electro-Mechanical-System) mirror on a chip. By properly employing the chip it is possible to develop a range of applications because light impinging on the mirror can become a projector, or a sensor, or both. Currently the primary commercial product in production is incorporated into Microsoft's Hololens augmented reality headset. The primary product in development is a miniaturized LiDAR sensor that enables autonomous vehicles to 'see' the world around them. Other projector applications include those for entertainment, various interactive products (like smart speakers that include a visual interface projected on nearby surfaces), as well as projectors embedded in smartphones - which have already been made commercially available, but did not gain wide adoption. The other sensor applications include smarthome sensors, as well as industrial robot applications.
As I wrote in a recent blog post, "I’ve seen the technology advances from punch cards to keyboards, from mainframes to mini-computers to PCs to laptops, from reading printers to CRTs to LCDs/LEDs and saw the natural progression from fragile flat panels to virtual imaging."
Despite being labeled a 'meme stock', the company has been working on these technologies since the mid-90s. The good news is that most of the elements of the business have continued to develop. The not-so-good news is that the same is true for the competitors to the point that MicroVision's early mover advantage has been dramatically shrunk. The other not-so-good news is that, despite that many years of effort and continual impressive potential, the company has yet to demonstrate sustainable business results.
Thanks to the company's meme status, management was able to generate sufficient funds to allow independent expansion - eliminating the need for buyouts. There is good reason to believe that Microsoft's Hololens may provide growing revenues for MicroVision, that the LiDAR business may become profitable soon enough, and that the other applications can generate significant revenues, as well.
For many years I've effectively wondered if each semi-annual synopsis will precede the company's breakthrough moment, or its demise. The company's position in terms of cash, technology, market, customer, product, and public awareness have rarely if ever been this positive. And yet, history suggests caution.
As if this 'synopsis' wasn't long enough, here's a recent and longer blog post with more details. My MVIS Dream as of December 15 2021 trimbathcreative.net
For even more details, follow the tags for MicroVision and MVIS, which reach back a decade.
trimbathcreative.net
trimbathcreative.net
DISCLOSURE LTBH since 1999 (though the very first shares are gone). My patience has been revitalized thanks to the rocket-like rise from $0.15. Dilution no longer means that I have more than enough if the company finally succeeds and the stock reaches the heights I think are possible. I doubt I'll buy more because of the rest of my financial situation, and intend to hold until much higher price targets are reached.
(I've also collected links to the other discussion boards and my other stocks over on my blog trimbathcreative.net ) |
