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Side-by-side financial comparison of Black Hawk Acquisition Corp (BKHA) and MICROVISION, INC. (MVIS). Click either name above to swap in a different company.
Black Hawk Acquisition Corp is the larger business by last-quarter revenue ($230.6K vs $223.0K, roughly 1.0× MICROVISION, INC.).
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.
BKHA vs MVIS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6K | $223.0K |
| Net Profit | $-3.8K | — |
| Gross Margin | — | — |
| Operating Margin | -94.5% | — |
| Net Margin | -1.6% | — |
| Revenue YoY | — | -86.5% |
| Net Profit YoY | -100.5% | -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.
| Q4 25 | $230.6K | $223.0K | ||
| Q3 25 | $494.5K | $241.0K | ||
| Q2 25 | $767.6K | $155.0K | ||
| Q1 25 | $765.9K | $589.0K | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | $965.5K | $190.0K | ||
| Q2 24 | $668.2K | $1.9M | ||
| Q1 24 | — | $956.0K |
| Q4 25 | $-3.8K | — | ||
| Q3 25 | $154.4K | $-14.2M | ||
| Q2 25 | $520.5K | $-14.2M | ||
| Q1 25 | $658.4K | $-28.8M | ||
| Q4 24 | — | $-31.2M | ||
| Q3 24 | $883.8K | $-15.5M | ||
| Q2 24 | $310.9K | $-23.9M | ||
| Q1 24 | — | $-26.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | -149.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 18.2% | ||
| Q1 24 | — | -33.6% |
| Q4 25 | -94.5% | — | ||
| Q3 25 | -69.0% | -5278.4% | ||
| Q2 25 | -32.3% | -9455.5% | ||
| Q1 25 | -14.2% | -2383.7% | ||
| Q4 24 | — | -1119.5% | ||
| Q3 24 | -8.8% | -8266.3% | ||
| Q2 24 | -53.8% | -1296.4% | ||
| Q1 24 | — | -2793.9% |
| Q4 25 | -1.6% | — | ||
| Q3 25 | 31.2% | -5899.2% | ||
| Q2 25 | 67.8% | -9180.0% | ||
| Q1 25 | 86.0% | -4886.1% | ||
| Q4 24 | — | -1888.2% | ||
| Q3 24 | 91.5% | -8166.8% | ||
| Q2 24 | 46.5% | -1259.5% | ||
| Q1 24 | — | -2752.4% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $74.9M |
| Total DebtLower is stronger | — | $19.2M |
| Stockholders' EquityBook value | $-3.8M | $55.5M |
| Total Assets | $23.9M | $103.1M |
| Debt / EquityLower = less leverage | — | 0.35× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | $56.6M | ||
| Q1 24 | — | $73.1M |
| 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 | — | — |
| Q4 25 | $-3.8M | $55.5M | ||
| Q3 25 | $-3.3M | $90.7M | ||
| Q2 25 | $-2.5M | $77.1M | ||
| Q1 25 | $-2.3M | $53.2M | ||
| Q4 24 | — | $48.8M | ||
| Q3 24 | $-2.1M | $65.9M | ||
| Q2 24 | $-2.0M | $78.7M | ||
| Q1 24 | — | $93.8M |
| Q4 25 | $23.9M | $103.1M | ||
| Q3 25 | $23.3M | $150.8M | ||
| Q2 25 | $73.5M | $140.6M | ||
| Q1 25 | $72.8M | $116.7M | ||
| Q4 24 | — | $121.2M | ||
| Q3 24 | $71.4M | $88.3M | ||
| Q2 24 | $70.5M | $103.4M | ||
| Q1 24 | — | $124.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-100.5K | $-58.7M |
| Free Cash FlowOCF − Capex | — | $-59.4M |
| FCF MarginFCF / Revenue | — | -26636.3% |
| Capex IntensityCapex / Revenue | — | 304.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-103.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-100.5K | $-58.7M | ||
| Q3 25 | $-107.9K | $-16.5M | ||
| Q2 25 | $-278.6K | $-12.7M | ||
| Q1 25 | $-163.3K | $-14.1M | ||
| Q4 24 | — | $-15.1M | ||
| Q3 24 | $-42.8K | $-14.1M | ||
| Q2 24 | $-414.2K | $-18.6M | ||
| Q1 24 | — | $-20.8M |
| 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 | — | $-18.8M | ||
| Q1 24 | — | $-20.9M |
| 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 | — | -989.5% | ||
| Q1 24 | — | -2183.4% |
| 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 | — | 8.7% | ||
| Q1 24 | — | 11.9% |
| Q4 25 | — | — | ||
| Q3 25 | -0.70× | — | ||
| Q2 25 | -0.54× | — | ||
| Q1 25 | -0.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.05× | — | ||
| Q2 24 | -1.33× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
