MicroVision delivered Q4 2025 revenue of $0.2 million, down from $1.7 million in the prior year, and full-year sales fell to $1.2 million from $4.7 million. The company recorded $29.4 million in non-cash impairment charges—$16 million in cost of revenue for inventory and $13.4 million in operating expenses—while cash-based operating expenses totaled $11.9 million.

The Scantinel 1550-nm FMCW sensor and Luminar’s Iris and Halo long-range sensors augment MicroVision’s offerings in ultra-long-range, high-speed automotive, security and defense applications. The Luminar deal brought about 30 new customer relationships, with immediate shipments of Iris units and multiple trials for short-range MOVIA solid-state products.

MicroVision is consolidating Redmond engineering, manufacturing and supply chain functions into a new Orlando facility to centralize U.S. production and meet defense requirements. The company also retained a Colorado ASIC design site and expects $8–12 million in 2026 impairment charges for Redmond leases plus $1–2 million in restructuring costs.

CEO Glen DeVos outlined a transition from hardware-centric Lidar 1.0 to software-enabled Lidar 2.0, emphasizing deployable solutions, scalable economics and automotive-grade delivery. The strategy centers on an open software framework (MOSAIK and Sentinel), design-to-cost execution and expansion into automotive, industrial and security and defense markets.