MVIS (market cap is $0.808B was $0.390B)
It is tempting to simply copy what I wrote at the end of 2022, so I will; then, I'll add more.
"Oh, MicroVision; will it be yet again another 6-9 months, or 9-18 months, or longer? Well, it hasn't been any of the previous hoped-for periods for the last twenty years - though there was that time of flirting with hope about a year or so again."
First, the basics for folks who aren't familiar with the company.
MicroVision is a company based on the simple yet complicated technology: a mirror on a chip. Oscillate the mirror the right way, shine the right lights the right way, and it is possible to build a pico-projector that can fit inside a smartphone. Oscillate the mirror the right way, let the light strike the right sensors, and it is possible to build sensors that can act like bar-code readers or compact radars. The fact that the mirror is very small means it can be moved very quickly, can be very compact, use less power, and be easier to a customer to integrate into the customer's product.
Great plan. I've liked it for years, decades.
I continue to believe the company and its technology can do to electronic screens what laptops did to desktops and what desktops did to mainframes. Nice idea, but evidently not yet. Currently the company's components are in Microsoft products (ala Hololens), but not financially significant, except in unit price. The current CEO (each seems to advance preferred products and abandon those of their predecessors) is heavily emphasizing the LiDAR components that help vehicles to drive with much less or even no human input. That too, is a potentially large market.
And yet, promising technology has not developed a profitable company - yet. Yet, may, probably, could and all those other Forward-Looking Statement words may clear communication channels of any fault for a lack of success. But maybe the company will finally have news that is positive, significant, and quantifiable. Maybe.
Another copy&paste from the past;
"Great promise. Great risk (so far).
Maybe within the next 6-9 months, or 9-18 months, or longer?"
Supposedly within that time the company is expecting to make approximately $10M-$15M. That will be positive, but not sufficient to make cash flow positive.
The stock market is primed for volatility in MVIS. Hints of news can drive up the price. The stock is heavily shorted, which makes the price twitchy. With no real news as a foundation, the price has had little to sustainably build upon. Considering the technology, the growth potential could create a headline stock, leaving the label of 'meme stock' behind.
For even more details, follow my blog's tags for MicroVision and MVIS, which reach back a decade.
DISCLOSURE LTBH since 1999 (though the very first shares are gone). 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 https://trimbathcreative.net/?p=6178
& from my One Company One Story series on YouTube