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Side-by-side financial comparison of AQUABOUNTY TECHNOLOGIES INC (AQB) and MICROVISION, INC. (MVIS). Click either name above to swap in a different company.

MICROVISION, INC. is the larger business by last-quarter revenue ($223.0K vs $180.2K, roughly 1.2× AQUABOUNTY TECHNOLOGIES INC). On growth, AQUABOUNTY TECHNOLOGIES INC posted the faster year-over-year revenue change (-77.1% vs -86.5%). AQUABOUNTY TECHNOLOGIES INC produced more free cash flow last quarter ($-5.2M vs $-59.4M). Over the past eight quarters, AQUABOUNTY TECHNOLOGIES INC's revenue compounded faster (-47.5% CAGR vs -51.7%).

AquaBounty Technologies is a biotechnology and aquaculture company based in Maynard, Massachusetts, United States. The company is notable for its research and development of genetically modified fish. It aims to create products that aim to increase the productivity of aquaculture. As of 2020, sale of the company's AquAdvantage salmon has been approved in Canada and the United States. The company sold all of its operating farms and ceased fish production in 2024.

MicroVision Inc. is a technology company specializing in advanced LiDAR sensors, miniature display solutions, and perception software. Its core products serve automotive ADAS, augmented reality devices, consumer electronics, and industrial automation markets, delivering high-precision, low-power sensing technologies for next-generation smart applications.

AQB vs MVIS — Head-to-Head

Bigger by revenue
MVIS
MVIS
1.2× larger
MVIS
$223.0K
$180.2K
AQB
Growing faster (revenue YoY)
AQB
AQB
+9.3% gap
AQB
-77.1%
-86.5%
MVIS
More free cash flow
AQB
AQB
$54.2M more FCF
AQB
$-5.2M
$-59.4M
MVIS
Faster 2-yr revenue CAGR
AQB
AQB
Annualised
AQB
-47.5%
-51.7%
MVIS

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
AQB
AQB
MVIS
MVIS
Revenue
$180.2K
$223.0K
Net Profit
$-50.5M
Gross Margin
Operating Margin
-16405.6%
Net Margin
-28035.1%
Revenue YoY
-77.1%
-86.5%
Net Profit YoY
-676.1%
-21.2%
EPS (diluted)
$-13.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AQB
AQB
MVIS
MVIS
Q4 25
$223.0K
Q3 25
$241.0K
Q2 25
$155.0K
Q1 25
$589.0K
Q4 24
$1.6M
Q3 24
$190.0K
Q2 24
$180.2K
$1.9M
Q1 24
$477.3K
$956.0K
Net Profit
AQB
AQB
MVIS
MVIS
Q4 25
Q3 25
$-14.2M
Q2 25
$-14.2M
Q1 25
$-28.8M
Q4 24
$-31.2M
Q3 24
$-15.5M
Q2 24
$-50.5M
$-23.9M
Q1 24
$-11.2M
$-26.3M
Gross Margin
AQB
AQB
MVIS
MVIS
Q4 25
Q3 25
Q2 25
Q1 25
6.6%
Q4 24
-149.5%
Q3 24
Q2 24
18.2%
Q1 24
-33.6%
Operating Margin
AQB
AQB
MVIS
MVIS
Q4 25
Q3 25
-5278.4%
Q2 25
-9455.5%
Q1 25
-2383.7%
Q4 24
-1119.5%
Q3 24
-8266.3%
Q2 24
-16405.6%
-1296.4%
Q1 24
-529.4%
-2793.9%
Net Margin
AQB
AQB
MVIS
MVIS
Q4 25
Q3 25
-5899.2%
Q2 25
-9180.0%
Q1 25
-4886.1%
Q4 24
-1888.2%
Q3 24
-8166.8%
Q2 24
-28035.1%
-1259.5%
Q1 24
-2337.9%
-2752.4%
EPS (diluted)
AQB
AQB
MVIS
MVIS
Q4 25
Q3 25
$-0.05
Q2 25
$-0.06
Q1 25
$-0.12
Q4 24
$-0.15
Q3 24
$-0.07
Q2 24
$-13.08
$-0.11
Q1 24
$-2.90
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AQB
AQB
MVIS
MVIS
Cash + ST InvestmentsLiquidity on hand
$728.3K
$74.9M
Total DebtLower is stronger
$10.5M
$19.2M
Stockholders' EquityBook value
$103.3M
$55.5M
Total Assets
$127.4M
$103.1M
Debt / EquityLower = less leverage
0.10×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AQB
AQB
MVIS
MVIS
Q4 25
$74.9M
Q3 25
$99.5M
Q2 25
$91.4M
Q1 25
$69.0M
Q4 24
$74.7M
Q3 24
$43.2M
Q2 24
$728.3K
$56.6M
Q1 24
$2.6M
$73.1M
Total Debt
AQB
AQB
MVIS
MVIS
Q4 25
$19.2M
Q3 25
$29.0M
Q2 25
$32.3M
Q1 25
$30.1M
Q4 24
$33.0M
Q3 24
Q2 24
$10.5M
Q1 24
$8.4M
Stockholders' Equity
AQB
AQB
MVIS
MVIS
Q4 25
$55.5M
Q3 25
$90.7M
Q2 25
$77.1M
Q1 25
$53.2M
Q4 24
$48.8M
Q3 24
$65.9M
Q2 24
$103.3M
$78.7M
Q1 24
$153.8M
$93.8M
Total Assets
AQB
AQB
MVIS
MVIS
Q4 25
$103.1M
Q3 25
$150.8M
Q2 25
$140.6M
Q1 25
$116.7M
Q4 24
$121.2M
Q3 24
$88.3M
Q2 24
$127.4M
$103.4M
Q1 24
$176.2M
$124.2M
Debt / Equity
AQB
AQB
MVIS
MVIS
Q4 25
0.35×
Q3 25
0.32×
Q2 25
0.42×
Q1 25
0.57×
Q4 24
0.68×
Q3 24
Q2 24
0.10×
Q1 24
0.05×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AQB
AQB
MVIS
MVIS
Operating Cash FlowLast quarter
$-4.3M
$-58.7M
Free Cash FlowOCF − Capex
$-5.2M
$-59.4M
FCF MarginFCF / Revenue
-2885.9%
-26636.3%
Capex IntensityCapex / Revenue
485.1%
304.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.0M
$-103.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AQB
AQB
MVIS
MVIS
Q4 25
$-58.7M
Q3 25
$-16.5M
Q2 25
$-12.7M
Q1 25
$-14.1M
Q4 24
$-15.1M
Q3 24
$-14.1M
Q2 24
$-4.3M
$-18.6M
Q1 24
$-4.4M
$-20.8M
Free Cash Flow
AQB
AQB
MVIS
MVIS
Q4 25
$-59.4M
Q3 25
$-16.6M
Q2 25
$-12.9M
Q1 25
$-14.2M
Q4 24
$-15.2M
Q3 24
$-14.1M
Q2 24
$-5.2M
$-18.8M
Q1 24
$-5.5M
$-20.9M
FCF Margin
AQB
AQB
MVIS
MVIS
Q4 25
-26636.3%
Q3 25
-6894.6%
Q2 25
-8346.5%
Q1 25
-2410.4%
Q4 24
-918.7%
Q3 24
-7421.1%
Q2 24
-2885.9%
-989.5%
Q1 24
-1161.2%
-2183.4%
Capex Intensity
AQB
AQB
MVIS
MVIS
Q4 25
304.5%
Q3 25
53.1%
Q2 25
134.2%
Q1 25
16.8%
Q4 24
6.2%
Q3 24
4.7%
Q2 24
485.1%
8.7%
Q1 24
235.9%
11.9%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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