Sep. 5 at 7:37 PM
$MVIS WHAT’S IN THE BOX, BIATCH?
Ben’s latest episode argues that something valuable may be sitting inside MicroVision’s sealed box. Maybe there is. The problem is investors cannot properly value what they cannot see.
We are told there are more than 2,000 IRIS orders, unnamed customers, 130 opportunities and a
$750 million pipeline. At the same time, shareholders are looking at continued losses, dilution, a falling share price and limited disclosed revenue relative to the size of the opportunity being discussed. That gap between what may be developing internally and what is actually visible externally is the entire issue.
MOVIA S production in October, higher volume shipments in November and HALO B sample readiness during Q4 are legitimate milestones. But milestones are not contracts, and third party graphics are not confirmation that Nissan, Uber or PlusAI are MicroVision customers. Until management starts opening the box, the market is being asked to assign value to things it cannot independently verify.
Show us the customers, the contract values, the bookings and the revenue. If the box contains what the bulls believe it does, that is when the market can start assigning a different valuation.
Until then, this episode is more bullish than the available evidence warrants.
Buy/Hold/Believe. Proof earns the rerating. Open the box.
