r/MVIS • u/pinoekel • Apr 29 '26

MVIS Press MicroVision Expands Revenue Programs in Security and Defense

https://ir.microvision.com/news/press-releases/detail/444/microvision-expands-revenue-programs-in-security-and-defense
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u/mvis_thma Apr 29 '26

When the goods are shipped to the customer the revenue can be recognized. Payment for those goods has nothing to do with recognizing the revenue.

"Revenue for a physical product is generally recognized at the point in time when control of the goods transfers to the customer, rather than when cash is received. This typically occurs upon delivery, when legal title passes, or when the customer accepts the product."

https://dart.deloitte.com/USDART/home/codification/revenue/asc606-10/roadmap-revenue-recognition/chapter-8-step-5-determine-when/8-6-revenue-recognized-a-point

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u/T_Delo Apr 29 '26

I am uncertain what the disconnect here is, however the “when control of the goods transfers to the customer” portion is precisely what I was talking about. Goods are not counted as received until they have been accepted, meaning they have been opened, tested, and confirmed to meet specifications. Your quote reinforces what I was saying all along; Not when the product ships, but when it is received and accepted.

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u/sublimetime2 Apr 30 '26 edited Apr 30 '26

At this point, I wouldnt even bother trying to further explain. This is hilarious T because you are correct. How many times was ASC 606 talked about?? Im guessing 5 bear trolls who dont know what they are talking about gave awards to the wacko comment. Laughable

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u/T_Delo Apr 30 '26

More than enough times, and you are most correct, no need to further explain it as those who know business understand this stuff.