<SEC-DOCUMENT>0001157523-16-004867.txt : 20160308
<SEC-HEADER>0001157523-16-004867.hdr.sgml : 20160308
<ACCEPTANCE-DATETIME>20160308080137
ACCESSION NUMBER:		0001157523-16-004867
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160308
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160308
DATE AS OF CHANGE:		20160308

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:		161490332

	BUSINESS ADDRESS:	
		STREET 1:		6244 185TH AVENUE NE, SUITE 100
		CITY:			REDMOND
		STATE:			WA
		ZIP:			98052
		BUSINESS PHONE:		425-936-6847

	MAIL ADDRESS:	
		STREET 1:		6244 185TH AVENUE NE, SUITE 100
		CITY:			REDMOND
		STATE:			WA
		ZIP:			98052

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MICROVISION INC
		DATE OF NAME CHANGE:	19960724
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51295653.htm
<DESCRIPTION>MICROVISION, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2016 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <hr style="width: 100%; text-align: center; height: 1.5 pt; color: #000000">


    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 14pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 14pt"><br style="font-size: 14pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 14pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><br><font style="font-family: Times New Roman; font-size: 12pt"><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">
      <br>
      <font style="font-family: Times New Roman; font-size: 14pt"><b>FORM 8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><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-family: Times New Roman; font-size: 10pt">Date
      of Report (Date of earliest event reported): </font><font style="font-family: Times New Roman; font-size: 10pt"><b>March
      8, 2016</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-family: Times New Roman; font-size: 10pt">(Exact
      Name of Registrant as Specified in Charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; width: 34%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>001-34170</b>
          </p>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>91-1600822</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or Other Jurisdiction of
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Incorporation)
          </p>
        </td>
        <td style="width: 34%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File Number)
          </p>
        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer Identification
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt"><b>6244 185</b></font><b><sup><font style="font-size: 10pt">th</font></sup><font style="font-size: 10pt">
            Avenue NE, Suite 100</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Redmond,
            Washington 98052</font></b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of Principal Executive Office) (Zip Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">Registrant&#8217;s
      telephone number, including area code: </font>&#160;<b>(425) 936-6847</b><br><br>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">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-family: Times New Roman; font-size: 10pt">:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">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-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c)) </font>
    </p>
    <hr style="height: 1.0 pt; width: 100%; color: #000000; text-align: center">


    <p>

    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; 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>
      <br>
      <b>Item 2.02. &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p>
      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>
      On March 8, 2016, MicroVision, Inc. issued a press release announcing
      its 2015 financial and operating results and 2016 objectives.&#160;&#160;A copy of
      the press release is attached as Exhibit 99.1 and is incorporated herein
      by reference.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;Financial Statements, Pro Forma Financial Information and
      Exhibits.</b><br><br>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(c)&#160;&#160;<i>Exhibits</i>.<br><br>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;99.1&#160;&#160;&#160;&#160;&#160;&#160;MicroVision,
      Inc. Press Release Announcing 2015 Financial and Operating Results and
      2016 Objectives.
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; 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="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">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 style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 5%">

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; width: 5%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; width: 45%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; width: 5%; text-align: left; padding-left: 0.0px" valign="top">
          By:
        </td>
        <td style="border-bottom-color: black; width: 40%; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;/s/ David J. Westgor
          </p>
        </td>
        <td style="width: 5%">

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

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

        </td>
        <td colspan="2" style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            David J. Westgor
          </p>
        </td>
        <td style="width: 5%">

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

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

        </td>
        <td colspan="2" style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Vice President, General Counsel &amp; Secretary
          </p>
        </td>
        <td style="width: 5%">

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

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

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

        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td style="width: 45%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            March 8, 2016
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

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

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

    </p>
  </body>
</html>
<!--<!DOCTYPE html
     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51295653ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2016 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>MicroVision
      Announces 2015 Financial and Operating Results Marked by Year-Over-Year
      Revenue Growth of over 160 Percent</b></font>
    </p>
    <p style="text-align: center">
      <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Company
      expects continued growth in 2016</b></font></i>
    </p>
    <p>
      REDMOND, Wash.--(BUSINESS WIRE)--March 8, 2016--MicroVision, Inc.
      (NASDAQ: MVIS), a leader in innovative ultra-miniature projection
      display and imaging technology, today announced its 2015 operating and
      financial results and an overview of its 2016 business objectives.
    </p>
    <p>
      <i><b>2015 Operating Results</b></i>
    </p>
    <p>
      2015 was a year of significant growth for MicroVision. Progress was made
      on each of its stated goals for the year:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Support its Fortune Global 100 customer with display module
        commercialization
      </li>
      <li style="margin-bottom: 10.0px">
        Develop new OEM/channel opportunities for display engine manufacturing
        partners that are incorporating PicoP&#174; display technology
      </li>
      <li style="margin-bottom: 10.0px">
        Increase supply capacity for key components
      </li>
      <li style="margin-bottom: 10.0px">
        Achieve significant year-over-year growth through component sales and
        licensing of PicoP display technology
      </li>
      <li style="margin-bottom: 10.0px">
        Evolve technology platform to offer enhanced features and capabilities
        for licensees of PicoP display technology.
      </li>
    </ul>
    <p>
      Below are specific accomplishments related to the 2015 goals.
    </p>
    <p>
      <u><b>Support Fortune Global 100 Customer</b></u>
    </p>
    <p>
      The company successfully provided manufacturing support services, and
      the customer launched its display engine in 2015. MicroVision recognized
      $1.5 million in revenue from this effort. In addition, in March 2015
      MicroVision signed a multi-year licensing agreement with this customer
      that included an $8 million upfront payment to MicroVision.
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; 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>
      <u><b>New OEM/Channel Opportunities</b></u>
    </p>
    <p>
      In 2015 multiple products came to market with the display module
      manufactured by MicroVision&#8217;s Fortune Global 100 customer. Media and
      consumer reviews for these products, including the MP-CL1 pico projector
      offered around the world by the Fortune Global 100 customer directly,
      have been extremely positive and highlight the features and benefits
      enabled by MicroVision&#8217;s PicoP&#174; scanning technology. Two of the products
      were among the top five pico projectors selling on Amazon.
    </p>
    <p>
      In October Sharp Corporation unveiled RoBoHoN, its innovative mobile
      robot phone product, which includes an embedded display engine based on
      MicroVision&#8217;s PicoP scanning technology. RoBoHoN, an eight-inch tall
      walking, talking robot sporting an integrated Android phone system,
      generated a significant amount of positive media coverage upon its
      introduction. MicroVision and Sharp collaborated on the display engine
      that met the small form factor requirements to provide the robot with
      the integral functionality of projecting videos and photos on command.
      PicoP scanning technology provides the focus-free projected display that
      allows RoBoHoN to share content on any surface.
    </p>
    <p>
      Looking beyond the products that came to market in 2015, a number of
      OEMs are in product development with the display module from the Fortune
      Global 100 customer. MicroVision expects several of these products to
      come to market later in 2016. Throughout the year the company also
      nurtured other relationships for future opportunities in emerging
      markets such as 3D imaging and augmented reality.
    </p>
    <p>
      <u><b>Increase Supply Capacity</b></u>
    </p>
    <p>
      Capacity was expanded in 2015 after receiving $14.5 million in purchase
      orders for key components. Equipment for the capacity expansion came
      online in Q4 2015. A shortage of parts manufactured by a contract
      manufacturer impacted the volume of third and fourth quarter shipments.
      MicroVision and its contract manufacturer addressed the issue and
      production resumed in mid-November.
    </p>
    <p>
      <u><b>Achieve Significant Year-Over-Year Growth</b></u>
    </p>
    <p>
      MicroVision achieved 164 percent revenue growth in 2015 with more than
      $9 million in total revenue for the year. Product and royalty revenue
      was $7.2 million more in 2015 than 2014 as a result of the company&#8217;s
      transition to production and commercialization of its PicoP scanning
      technology.
    </p>
    <p>
      <u><b>Evolve Technology Platform</b></u>
    </p>
    <p>
      In January MicroVision showcased an array of product concepts and
      demonstrations for its customers at CES 2016. Demonstrations covered
      four application areas the company has identified for its PicoP scanning
      technology platform: projection and display, automotive head up display,
      3D imaging and eyewear.
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; 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>
      <i><b>2015 Financial Results</b></i>
    </p>
    <p>
      MicroVision reported the following financial results for the fourth
      quarter and year ended December 31, 2015:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Annual revenue of $9.2 million in 2015, compared to $3.5 million in
        2014. Revenue for the fourth quarter of 2015 was $ 1.8 million,
        compared to $0.7 million for the same quarter in 2014.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating loss was $14.6 million for 2015, compared to $13.2 million
        in 2014, and $4.3 million for the fourth quarter of 2015 compared to
        $3.4 million for the same quarter in 2014.
      </li>
      <li style="margin-bottom: 10.0px">
        Net loss for the year of $14.5 million, or $0.31 per share, compared
        to $18.1 million, or $0.44 per share for the prior year and $4.3
        million, or $0.09 per share, compared to $3.3 million or $0.08 per
        share for the same quarter in 2014. The 2014 net loss includes a $5.0
        million non-cash loss on the exchange of warrants in the first quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Cash used in operations was $5.8 million in 2015, compared to $13.0
        million for 2014 reflecting the $8 million up-front license fee
        received in early 2015.
      </li>
    </ul>
    <p>
      As of December 31, 2015, backlog was $11.0 million and cash and cash
      equivalents were $7.9 million.
    </p>
    <p>
      <i><b>2016 Objectives and Outlook</b></i>
    </p>
    <p>
      &#8220;Last year was marked by significant progress and growth. In fact, we
      are in the best position of our company&#8217;s history with two customers in
      production with our technology,&#8221; said Alexander Tokman, president and
      CEO of MicroVision. &#8220;We are very optimistic about 2016 both in terms of
      revenue growth potential from pico projection and advancing our
      technology to address emerging applications such as augmented reality
      and 3D sensing and imaging.&#8221;
    </p>
    <p>
      To attain its revenue growth goals MicroVision plans to continue
      supporting its Fortune Global 100 customer to secure design wins for
      pico projection applications. The company also looks forward to the
      commercial availability of Sharp&#8217;s innovative mobile robot phone
      product, RoBoHoN, that is expected to come to market later this year.
      The company also has programs in place that are expected to improve
      gross margin through improved efficiency and reduced cost in the
      production of its key components.
    </p>
    <p>
      Looking to new markets for growth beyond 2016, MicroVision is investing
      in internal development of its PicoP scanning technology for new &#8220;beyond
      projection&#8221; applications. The company believes emerging products for
      augmented reality and 3D sensing and imaging can benefit from the unique
      ability of its technology to integrate projection and sensing
      capabilities in a single, tiny module.
    </p>
    <p>
      <b>Conference Call</b>
    </p>
    <p>
      The company will host a conference call today to discuss its financial
      and operating results for 2015, 2016 business objectives and current
      business operations at 8:30 a.m. ET / 5:30 a.m. PT. Participants may
      join the conference call by dialing 1-888-771-4371 (for U.S.
      participants) or + 1-847-585-4405 (for international participants) ten
      minutes prior to the start of the call. The conference call pass code
      number is 41934562. A live webcast of the call can be accessed from the
      company's web site in the Investor Events Calendar section of the
      Investors page. A replay of this call will be available after 8:00 a.m.
      PT the day of the conference call through the same link or by calling 1
      (888) 843-7419 (U.S.) or +1-630-652-3042 (international), pass code 4193
      4562#. The call-in replay will be available through March 15, 2016.
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; 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 is the creator of PicoP&#174; scanning technology, an
      ultra-miniature laser projection and imaging solution based on the laser
      beam scanning methodology pioneered by the company. MicroVision's
      platform approach for this advanced display and imaging solution means
      that it can be adapted to a wide array of applications and form factors.
      It is an advanced solution for a rapidly evolving, always-on world.
      Extensive research has led MicroVision to become an independently
      recognized leader in the development of intellectual property.
      MicroVision&#8217;s IP portfolio has been recognized by the Patent Board as a
      top 50 IP portfolio among global industrial companies and has been
      included in the Ocean Tomo 300 Patent Index. The company is based in
      Redmond, Wash.
    </p>
    <p>
      For more information, visit the company&#8217;s website at <u>www.microvision.com</u>,
      on Facebook at <u>www.facebook.com/MicroVisionInc</u> or follow
      MicroVision on Twitter at @MicroVision.
    </p>
    <p>
      <i>MicroVision and PicoP are trademarks of MicroVision, Inc. in the
      United States and other countries. All other trademarks are the
      properties of their respective owners.</i>
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      Certain statements contained in this release, including those relating
      to future operating results, fulfillment of orders, component sales,
      pipeline development, ramping of supply chain, performance of contract
      parties under agreements, potential customer agreements, arrangements
      and sales, potential demand for MicroVision technology and potential
      applications and features of MicroVision technology, and those
      containing words such as &#8220;optimistic,&#8221; &#8220;potential,&#8221; &#8220;plans,&#8221;
      &#8220;objectives,&#8221; &#8220;would,&#8221; &#8220;could,&#8221; &#8220;goals,&#8221; &#8220;focus&#8221; and &#8220;expects,&#8221; are
      forward-looking statements that involve a number of risks and
      uncertainties. Factors that could cause actual results to differ
      materially from those projected in the company'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, our ability to conclude agreements with
      potential customers, 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 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's SEC reports, including the company'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>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; 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>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td colspan="9" style="text-align: center; padding-left: 0.0px" valign="top">
          <b>MicroVision, Inc.</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td colspan="9" style="text-align: center; padding-left: 0.0px" valign="top">
          <b>Balance Sheet</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" style="text-align: center; padding-left: 0.0px" valign="top">
          <b>(In thousands)</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" style="text-align: center; padding-left: 0.0px" valign="top">
          (Unaudited)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="text-align: center; padding-left: 0.0px" valign="top">
          December 31,
        </td>
        <td>

        </td>
        <td colspan="3" style="text-align: center; padding-left: 0.0px" valign="top">
          December 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>2015</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>2014</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Assets</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Current Assets
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          7,888
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          8,349
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,687
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          669
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Inventory
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          862
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          116
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 15.0px" valign="top">
          Other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          638
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          491
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          11,075
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          9,625
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Property and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,669
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          894
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Restricted cash
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          435
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          435
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Intangible assets, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          845
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          973
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          18
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          18
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 25.0px" valign="top">
          Total assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          14,042
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          11,945
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Liabilities and Shareholders' Equity (Deficit)</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Current Liabilities
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2,183
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,626
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Accrued liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3,399
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2,729
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Deferred revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2,122
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 15.0px" valign="top">
          Billings on uncompleted contracts in excess of related costs
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          230
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 40.0px" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          7,704
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          4,585
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Deferred revenue, net of current portion
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          6,149
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Deferred rent, net of current portion
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          342
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          488
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 40.0px" valign="top">
          Total liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          14,195
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          5,073
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Commitments and contingencies
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Shareholders' Equity (Deficit)
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          Common stock at par value
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          47
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          45
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          Additional paid-in capital
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          483,171
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          475,656
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="top">
          Accumulated deficit
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          (483,371
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          (468,829
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 30.0px" valign="top">
          Total shareholders' equity (deficit)
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          (153
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          6,872
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Total liabilities and shareholders' equity (deficit)
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          14,042
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          11,945
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; 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>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td colspan="9">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td colspan="17" style="text-align: center; padding-left: 0.0px" valign="top">
          <b>MicroVision, Inc.</b>
        </td>
      </tr>
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="17" style="text-align: center; padding-left: 0.0px" valign="top">
          <b>Statement of Operations</b>
        </td>
      </tr>
      <tr>
        <td colspan="17" style="text-align: center; padding-left: 0.0px" valign="top">
          <b>(In thousands, except earnings per share data)</b>
        </td>
      </tr>
      <tr>
        <td colspan="17" style="text-align: center; padding-left: 0.0px" valign="top">
          (Unaudited)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Three months ended December 31,</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="7" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Twelve months ended December 31,</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>2015</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>2014</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>2015</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>2014</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Product revenue
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,451
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          334
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          6,452
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          352
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Royalty revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          388
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          14
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,165
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          40
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Contract revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          339
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,571
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,402
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Development revenue
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          1,691
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 30.0px" valign="top">
          Total revenue
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          1,846
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          687
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          9,188
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          3,485
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cost of product revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,463
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          200
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          6,384
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          228
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Cost of contract revenue
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          4
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          309
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          796
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          816
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 30.0px" valign="top">
          Total cost of revenue
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          1,467
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          509
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          7,180
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          1,044
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 15.0px" valign="top">
          Gross margin
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          379
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          178
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          2,008
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          2,441
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Research and development expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2,540
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,919
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          8,680
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          9,067
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Sales, marketing, general and administrative expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2,139
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,618
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          7,879
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          7,005
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Gain on sale of previously reserved inventory
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          (8
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          (1
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          (463
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 30.0px" valign="top">
          Total operating expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          4,679
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          3,529
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          16,558
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          15,609
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Loss from operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,300
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (3,351
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (14,550
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (13,168
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Loss on warrant exchange
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,967
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Other income, net
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          2
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          5
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          8
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: right; padding-left: 0.0px" valign="bottom">
          15
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Net loss
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,298
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          (3,346
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          (14,542
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          (18,120
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Net loss per share - basic and diluted
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.09
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.08
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.31
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.44
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Weighted-average shares outstanding - basic and diluted
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          47,276
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          44,548
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          46,540
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double; text-align: right; padding-left: 0.0px" valign="bottom">
          41,599
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>MicroVision, Inc.<br>Dawn Goetter, 425-882-6629 (investors)<br><u>ir@microvision.com</u><br>or<br>Nicole
      Cobuzio, 732-212-0823 ext. 102 (media)<br><u>nicolec@lotus823.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
