my mid-year review 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.

MVIS (market cap is $0.634B was $0.822B)

Oh, MicroVision; will it be yet again another 6-9 months, or 9-18 months, or longer?

MicroVision is a electronics sub-component manufacturer that is finally getting products to market for significant customers (Microsoft HOLOLENS) after decades of failed attempts. The company’s key technology is a mirror-on-a-chip (MEMS) that can be oscillated to capture, produce, or capture and produce images in visible light and adjacent wavelengths. I see them as having the potential to disrupt the laptop market as significantly as the laptop disrupted the CRT market. Ironically, their method of creating an image is similar to the scanning method used in CRTs.

MicroVision should be a case study in business schools. Great potential. Too long gestation. Shifting business targets and markets. Unprofitable despite decades of effort. The company is in possibly its best financial condition, partly thanks to management’s response during a recent buyout conjecture, meme status, and short squeeze. This year’s focus is LiDAR for autonomous vehicles; but word of displays, home automation, and various NDA work continue.

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… )