Aug. 23 at 7:50 PM
$MVIS $MVIS longs modeling recovery should study
$SENS first. Same vintage (1996), same structure: pre-profit sensor co, converts + ATM, reverse split, loyal retail, "partner ramp next quarter."
Difference: SENS got the thing MVIS is waiting for — FDA product, real growing revenue, global partner.
Result: −55% in 3yrs, −83% peak-to-trough, a 4x rally fully retraced. Alive, diluting, going nowhere.
Lesson: revenue existing ≠ saved. Revenue > burn is the bar. For MVIS that's ~
$60M/yr against ~
$6M today.
Watch Nov 10-Q for scale math, not just "a ramp." Three paths exist: recovery (OUST AEVA), spiral (LIDR INVZ), zombie (SENS). The filings pick the path, not the tape.