MICROVISION, INC. Earnings Per Share Disclosure
Basic net loss per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted net loss per share is calculated using the weighted-average number of common shares outstanding and the dilutive effect of all potentially dilutive securities, including common stock equivalents and convertible securities. As the effect of dilutive securities outstanding during the period is anti-dilutive, diluted net loss per share is equal to basic net loss per share.
| Year Ended December 31, | ||||||||||||
| 2025 | 2024 | 2023 | ||||||||||
| Numerator: | ||||||||||||
| Net loss available for common shareholders - basic and diluted | $ | (94,981 | ) | $ | (96,915 | ) | $ | (82,842 | ) | |||
| Denominator: | ||||||||||||
| Weighted-average common shares outstanding - basic and diluted | ||||||||||||
| Net loss per share - basic and diluted | $ | ) | $ | ) | $ | ) | ||||||
| December 31, | ||||||||||||
| (in millions) | 2025 | 2024 | 2023 | |||||||||
| Outstanding options exercisable | 0.6 | 0.7 | 0.8 | |||||||||
| Nonvested restricted and performance stock units | 9.9 | 12.0 | 10.0 | |||||||||
| Shares of common stock that may be issued through conversion of the derivative liability | 11.1 | 34.6 | ||||||||||
| Shares of common stock that may be issued through the exercise of warrants | 5.8 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 4, 2026 | Showing above |
| 2024 | Mar 26, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.