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Side-by-side financial comparison of Solowin Holdings, Ltd. (AXG) and MICROVISION, INC. (MVIS). Click either name above to swap in a different company.

Solowin Holdings, Ltd. is the larger business by last-quarter revenue ($410.0K vs $223.0K, roughly 1.8× MICROVISION, INC.). Solowin Holdings, Ltd. produced more free cash flow last quarter ($-1.6M vs $-59.4M).

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.

AXG vs MVIS — Head-to-Head

Bigger by revenue
AXG
AXG
1.8× larger
AXG
$410.0K
$223.0K
MVIS
More free cash flow
AXG
AXG
$57.8M more FCF
AXG
$-1.6M
$-59.4M
MVIS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
MVIS
MVIS
Revenue
$410.0K
$223.0K
Net Profit
Gross Margin
Operating Margin
-34.1%
Net Margin
Revenue YoY
-86.5%
Net Profit YoY
-21.2%
EPS (diluted)

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
AXG
AXG
MVIS
MVIS
Q4 25
$223.0K
Q3 25
$241.0K
Q2 25
$155.0K
Q1 25
$589.0K
Q4 24
$1.6M
Q3 24
$410.0K
$190.0K
Q2 24
$1.9M
Q1 24
$956.0K
Net Profit
AXG
AXG
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
$-23.9M
Q1 24
$-26.3M
Gross Margin
AXG
AXG
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
AXG
AXG
MVIS
MVIS
Q4 25
Q3 25
-5278.4%
Q2 25
-9455.5%
Q1 25
-2383.7%
Q4 24
-1119.5%
Q3 24
-34.1%
-8266.3%
Q2 24
-1296.4%
Q1 24
-2793.9%
Net Margin
AXG
AXG
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
-1259.5%
Q1 24
-2752.4%
EPS (diluted)
AXG
AXG
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
$-0.11
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
MVIS
MVIS
Cash + ST InvestmentsLiquidity on hand
$2.5M
$74.9M
Total DebtLower is stronger
$19.2M
Stockholders' EquityBook value
$6.0M
$55.5M
Total Assets
$13.1M
$103.1M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
MVIS
MVIS
Q4 25
$74.9M
Q3 25
$99.5M
Q2 25
$91.4M
Q1 25
$69.0M
Q4 24
$74.7M
Q3 24
$2.5M
$43.2M
Q2 24
$56.6M
Q1 24
$73.1M
Total Debt
AXG
AXG
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
Q1 24
Stockholders' Equity
AXG
AXG
MVIS
MVIS
Q4 25
$55.5M
Q3 25
$90.7M
Q2 25
$77.1M
Q1 25
$53.2M
Q4 24
$48.8M
Q3 24
$6.0M
$65.9M
Q2 24
$78.7M
Q1 24
$93.8M
Total Assets
AXG
AXG
MVIS
MVIS
Q4 25
$103.1M
Q3 25
$150.8M
Q2 25
$140.6M
Q1 25
$116.7M
Q4 24
$121.2M
Q3 24
$13.1M
$88.3M
Q2 24
$103.4M
Q1 24
$124.2M
Debt / Equity
AXG
AXG
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
Q1 24

Cash Flow & Capital Efficiency

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

Metric
AXG
AXG
MVIS
MVIS
Operating Cash FlowLast quarter
$-1.6M
$-58.7M
Free Cash FlowOCF − Capex
$-1.6M
$-59.4M
FCF MarginFCF / Revenue
-392.9%
-26636.3%
Capex IntensityCapex / Revenue
4.4%
304.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-103.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
MVIS
MVIS
Q4 25
$-58.7M
Q3 25
$-16.5M
Q2 25
$-12.7M
Q1 25
$-14.1M
Q4 24
$-15.1M
Q3 24
$-1.6M
$-14.1M
Q2 24
$-18.6M
Q1 24
$-20.8M
Free Cash Flow
AXG
AXG
MVIS
MVIS
Q4 25
$-59.4M
Q3 25
$-16.6M
Q2 25
$-12.9M
Q1 25
$-14.2M
Q4 24
$-15.2M
Q3 24
$-1.6M
$-14.1M
Q2 24
$-18.8M
Q1 24
$-20.9M
FCF Margin
AXG
AXG
MVIS
MVIS
Q4 25
-26636.3%
Q3 25
-6894.6%
Q2 25
-8346.5%
Q1 25
-2410.4%
Q4 24
-918.7%
Q3 24
-392.9%
-7421.1%
Q2 24
-989.5%
Q1 24
-2183.4%
Capex Intensity
AXG
AXG
MVIS
MVIS
Q4 25
304.5%
Q3 25
53.1%
Q2 25
134.2%
Q1 25
16.8%
Q4 24
6.2%
Q3 24
4.4%
4.7%
Q2 24
8.7%
Q1 24
11.9%

Financial Flow Comparison

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

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