<SEC-DOCUMENT>0001157523-13-000578.txt : 20130207
<SEC-HEADER>0001157523-13-000578.hdr.sgml : 20130207
<ACCEPTANCE-DATETIME>20130207090029
ACCESSION NUMBER:		0001157523-13-000578
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130207
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130207
DATE AS OF CHANGE:		20130207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MICROVISION INC
		CENTRAL INDEX KEY:			0000065770
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS, NEC [3679]
		IRS NUMBER:				911600822
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34170
		FILM NUMBER:		13580216

	BUSINESS ADDRESS:	
		STREET 1:		6222 185TH AVE NE
		CITY:			REDMOND
		STATE:			WA
		ZIP:			98052
		BUSINESS PHONE:		425-936-6847

	MAIL ADDRESS:	
		STREET 1:		6222 185TH AVE NE
		CITY:			REDMOND
		STATE:			WA
		ZIP:			98052
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a50556875.htm
<DESCRIPTION>MICROVISION, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-size: 14pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 14pt; font-family: Times New Roman"><br style="font-size: 14pt; font-family: Times New Roman"></font><font style="font-size: 14pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 14pt; font-family: Times New Roman"><b>FORM 8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt"><b>Pursuant to
      Section 13 or 15(d) of</b></font><br><font style="font-size: 12pt"><b>the
      Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report (Date of earliest event reported): </font><font style="font-size: 10pt; font-family: Times New Roman"><b>February
      7, 2013</b></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 14pt"><b>MICROVISION, INC.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      Name of Registrant as Specified in Charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="margin-left:auto;margin-right:auto; width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; width: 34%; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>0-21221</b>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; width: 33%; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>91-1600822</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction of
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Incorporation)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 34%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:center">
    <table cellspacing="0" style="margin-left:auto;margin-right:auto; width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>6222 185<sup>th</sup> Avenue NE </b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Redmond, Washington 98052</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of Principal Executive Office) (Zip Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code: </font>&#160;<b>(425) 936-6847</b><br><br>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>(see General Instruction A.2. below)<font style="font-size: 10pt; font-family: Times New Roman">:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c)) </font>
    </p>
    <hr style="text-align: center; width: 100%; height: 1.0 pt; color: #000000">


    <p>

    </p>
    <div style="width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 2.02. &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="text-align: justify">
      The information in this Current Report is being furnished and shall not
      be deemed &#8220;filed&#8221; for the purposes of Section 18 of the Securities
      Exchange Act of 1934, as amended, or otherwise subject to the
      liabilities of that Section.&#160;&#160;The information in this Current Report
      shall not be incorporated by reference into any registration statement
      or other document pursuant to the Securities Act of 1933, as amended.
    </p>
    <p style="text-align: justify">
      On February 7, 2013, MicroVision, Inc. issued a press release announcing
      its preliminary financial results for 2012.&#160;&#160;A copy of the press release
      is attached as Exhibit 99.1 and is incorporated herein by reference.
    </p>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160; &#160;&#160;&#160;Financial Statements, Pro Forma Financial Information
      and Exhibits.</b>
    </p>
    <p style="white-space: nowrap; text-indent: 30.0px">
      (c)&#160;&#160;<i>Exhibits</i>.
    </p>
    <p style="white-space: nowrap; text-indent: 60.0px">
      99.1&#160;&#160;&#160;&#160;&#160;&#160;MicroVision, Inc. Press Release Announces Preliminary 2012
      Financial Results.
    </p>
    <p style="white-space: nowrap; text-indent: 90.0px">

    </p>
    <p>

    </p>
    <div style="width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            MICROVISION, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
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        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 45%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 5%" valign="top">
          By:
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 45%; border-bottom: solid black 1.0pt" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Thomas M. Walker
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 45%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 45%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Thomas M. Walker
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 45%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>Vice President, General Counsel &amp; Secretary</i>
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 45%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 45%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            February 7, 2013
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a50556875-ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>MicroVision
      Announces Preliminary 2012 Financial Results</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Full
      financial results to be reported later this month</b></font>
    </p>
    <p>
      REDMOND, Wash.--(BUSINESS WIRE)--February 7, 2013--MicroVision, Inc.
      (NASDAQ:MVIS), a leader in innovative ultra-miniature projection display
      technology, today announced preliminary consolidated financial results
      for the fourth quarter and full year of 2012.
    </p>
    <p>
      For the fourth quarter of 2012, MicroVision expects to report revenue of
      approximately $2.7 million, an operating and net loss&#160;of between $3.9
      million and $4.4 million, or $.15 and $.18 per share. For the same
      period the previous year, MicroVision reported revenue of $1.5 million,
      an operating loss of $9.9 million and a net loss of $9.8 million, or
      $.62 per share.
    </p>
    <p>
      For the full year of 2012, MicroVision expects to report revenue of
      approximately $8.4 million, an operating and net loss of between $22.5
      million and $23.0 million, or $1.04 and $1.07 per share. For the full
      year of 2011, MicroVision reported revenue of $5.6 million, an operating
      loss of $36.0 million and a net loss of $35.8 million, or $2.57 per
      share.
    </p>
    <p>
      The company had a cash balance of $6.8 million as of&#160;December&#160;31, 2012.
    </p>
    <p>
      The increase in revenue growth is primarily due to sales to Pioneer
      pursuant to previously announced orders as well as sales of the
      remaining inventory of SHOWWX products. Improvement in cash burn is a
      result of the increased revenue, margin and restructuring around the
      &#8220;Image by PicoP&#8221; ingredient brand and licensing model.
    </p>
    <p>
      &#8220;We expect to report improved financial results for 2012 versus the
      previous year,&#8221; said Alexander Tokman, MicroVision president and&#160;CEO<b>.
      &#8220;</b>The improvement is a direct result of the actions we took in
      early 2012 to transition to the &#8220;Image by PicoP<sup>&#174;</sup>&#8221;
      ingredient brand and licensing model enabled by the availability of
      next-generation HD PicoP<sup>&#174;</sup> display technology based on
      direct green lasers.&#8221;
    </p>
    <p>
      The company expects to report its 2012 financial results later this
      month.
    </p>
    <div style="width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>About MicroVision</b>
    </p>
    <p>
      MicroVision provides the PicoP&#174; display technology platform designed to
      enable next-generation display and imaging products for consumer devices
      vehicle displays and wearable displays. The company&#8217;s patented PicoP
      display technology combines a MEMS scanning mirror with highly efficient
      laser light sources to create vivid images with high contrast and
      brightness.
    </p>
    <p>
      MicroVision is an independently recognized leader in the development of
      intellectual property. MicroVision has been recognized by IEEE as a top
      20 IP portfolio among all global electronics companies, and the top U.S.
      Company in the rankings. MicroVision&#8217;s intellectual property portfolio
      has also been recognized by the Patent Board, in association with the
      Wall Street Journal, as a top 50 IP portfolio among all global
      industrial companies. The Patent Board has developed more than 50
      indicators that track global patent activity relating to companies&#8217;
      innovation, technology, and science strengths. MicroVision&#8217;s
      intellectual property portfolio is further recognized by having been
      added to the Ocean Tomo 300 Patent Index. The Index is priced and
      published by the NYSE Euronext (NYSE:OTPAT). The Index is objectively
      based on the value of corporate intellectual property.
    </p>
    <p>
      For more information, visit us on:
    </p>
    <p>
      Website: <u>www.microvision.com</u><br>Blog: <u>www.microvision.com/displayground</u><br>Twitter:
      <u>www.twitter.com/microvision</u><br>Facebook: <u>www.facebook.com/MicrovisionInc</u><br>YouTube:
      <u>www.youtube.com/mvisvideo</u>
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      The preliminary estimates above and other statements contained in this
      release, including those relating to future product development and
      those using words such as &#8220;expects&#8221; and &#8220;designed to,&#8221; are
      forward-looking statements that involve a number of risks and
      uncertainties. The estimates above are preliminary and may not be
      indicative of our actual reported results following, among other things,
      the finalization of our quarter and year-end closing processes and
      normal adjustments. Factors that could cause actual results to differ
      materially from those projected in the company&#8217;s forward-looking
      statements include the following: our ability to raise additional
      capital when needed; products incorporating our PicoP display engine may
      not achieve market acceptance, commercial partners may not perform under
      agreements as anticipated, we may be unsuccessful in identifying parties
      interested in paying any amounts or amounts we deem desirable for the
      purchase or license of IP assets, our or our customers&#8217; failure to
      perform under open purchase orders; our financial and technical
      resources relative to those of our competitors; our ability to keep up
      with rapid technological change; government regulation of our
      technologies; our ability to enforce our intellectual property rights
      and protect our proprietary technologies; the ability to obtain
      additional contract awards; the timing of commercial product launches
      and delays in product development; the ability to achieve key technical
      milestones in key products; dependence on third parties to develop,
      manufacture, sell and market our products; potential product liability
      claims; and other risk factors identified from time to time in the
      company&#8217;s SEC reports, including the company&#8217;s Annual Report on Form
      10-K filed with the SEC. Except as expressly required by federal
      securities laws, we undertake no obligation to publicly update or revise
      any forward-looking statements, whether as a result of new information,
      future events, changes in circumstances or any other reason.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>MicroVision, Inc.<br>Dawn Goetter, 425-882-6629 (investors)<br>or<br>Edelman<br>Callie
      Snyder, 503-471-6816 (media/PR)
    </p>
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