Shares of Microvision shifted sharply this week as a 1-for-15 reverse stock split — a move that bundles every 15 old shares into one new share — took effect at Monday's open, resetting the stock from around $0.27 to a split-adjusted price near $4.05. Microvision Bundles 15 Shares Into One to Stay on Nasdaq — but Can a Higher Price Tag Mask a $60 Million Cash Drain?
Shares shifted as Microvision's 1-for-15 reverse stock split took effect at Monday's open, mechanically resetting the stock from roughly $0.27 to a split-adjusted level near $4.05 — only for the price to slide to $3.68, an immediate ~8% post-split decline that signals investors aren't buying the cosmetic makeover.
• The Split Was About Survival, Not Strategy. The reverse split is intended to increase the per-share trading price to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Nasdaq requires stocks to stay above $1.00 or face delisting. Microvision had already applied to transfer from the Nasdaq Global Market to the smaller Nasdaq Capital Market to buy an extra 180-day compliance window. CEO Glen DeVos framed the move as "a strategic step," but the split will reduce outstanding shares proportionally while authorized shares drop from 510 million to 150 million — no new value is created.
• The Books Tell a Blunt Story. Revenue was just $1.5 million in Q2 2026, with the majority of the $10–$16 million full-year guidance back-loaded into the second half. Meanwhile, cash burn remains high at $19.5 million in Q2, with full-year cash usage guidance of $60 million.
Full-year 2025 revenue was only $1.2 million against a net loss of $95 million. The company had $46.1 million in cash at the end of Q1 plus a $42 million credit line — enough runway for roughly a year at the current burn rate, but not much margin for error.
• Acquisitions Expanded the Portfolio, but Haven't Paid Off Yet. In January, Microvision acquired certain lidar sensor assets from bankrupt Luminar Technologies for $33 million in cash.
Management raised full-year gross margin guidance to 40%–45% , and the company now claims over 130 customer engagements. But dependence on a few key customers and the need to convert evaluations into production orders creates uncertainty in achieving 2027 growth targets.
• The Market Cap Tells You What the Market Really Thinks. As of August 5, MVIS had a market capitalization of approximately $85.3 million — a micro-cap valuation for a company burning cash at $15–$20 million per quarter while generating negligible revenue. Microvision's next earnings report is scheduled for August 12 , and any miss on the second-half revenue ramp could push the stock right back toward compliance risk — reverse split or not.