Microvision vs Wearable Devices
Microvision is the larger business, with $1.2m of revenue in fiscal 2025 against $647,000 for Wearable Devices (1.9 times as much). Wearable Devices grew faster (23.9% against -74.3%). Wearable Devices kept more of each dollar of sales as profit: a net margin of -1253.0% against -7862.7%. Wearable Devices carries less debt relative to equity (0.0% against 69.2%).
| Latest fiscal year | MicrovisionMVIS, 2025 | Wearable DevicesWLDS, 2025 |
|---|---|---|
| Revenue | $1.2m | $647,000 |
| Revenue growth | -74.3% | 23.9% |
| Net income | −$95.0m | −$8.1m |
| Operating margin | -6856.6% | -1287.8% |
| Net margin | -7862.7% | -1253.0% |
| Return on equity | -182.1% | -72.3% |
| Free cash flow | −$59.4m | −$6.6m |
| Cash | $32.4m | $6.5m |
| Total debt | $38.4m | $0 |
| Debt to equity | 69.2% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $43.0m | $4.2m |
| Price vs our value range | — | — |
| Moat score | 5 (Weak) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 1 sales |