I've been watching for 1.5 years and almost didn't even trade them. What changed my mind about investing in them was their change in expanding their focus from only Providing Lidar solutions to the Automotive industry to both the Industrial and Defense industries. which was about a year ago!
This year through their Press releases it can be seen they are actively pursing this customer diversification.
I want to test My thoughts against what other people who may not be Familiar with The stock because When I read reddits from the MVIS community. There is a very Biased response and I believe I may becoming a little biased myself and I think this is a good sanity Check.
So This Is a reality check.
What's going well
* Over the past 6 months they have ad key company acquisitions rounding out a very flexible and comprehensive Portfolio and are in the process of rolling over accounts and signing partnerships supplying the sensors tot he customers of those acquisitions.
* Over the past month MVIS signed deals to provide sensors to a global mining/hauling leader, and a defense contract. They are also in talks with a trucking company to provide Lidar to them.
( customer diversification in the market)
* Today they announced that they supplied sensors to a global AI Robotics Leader for testing which may or may not lead to scaling and implementation. ( unsure right now time will tell)
* They have ongoing integration efforts from prior Internal Platforms.
What's not going well...
* Uncertain speculation of near Term revenue conversion.
* They have High Cash Burn. which is making the market uncertain of future financing.
* The company has proposed a reverse split, in part to provide flexibility around exchange listing requirements and to make the stock more attractive to certain institutional investors.
* For these reasons the Short Interest is \~20% I believe much of this reflects investor concerns over the financials and cash burn.
**MY VIEW**
Personally I think the market is underappreciating the recent activity of MVIS and the expansion into these other sectors. however I also see that this is has high risks involved for this to fully play out.
Do you think MVIS is Successfully expanding beyond Automotive or is this just narrative expansion?
What level of growth would convince you commercialization is real?
How do you view the balance between Cash burn and multi-market opportunity?
I'm genuinely looking for people thoughts and challenges to my assumptions and my line of thought. whether that is the financials, competitive landscape or the technology.
\* NNOT FINACIAL ADVICE\*