Seeking Alpha

MicroVision makes new 52-week lows after releasing Q3 results

  • MicroVision's (MVIS -9.3%) Q3 sales fell 48% Q/Q and 63% Y/Y to a mere $964K. Revenue "primarily" stemmed from an April deal with a "prominent electronics company." The miniature laser projector tech developer says it's "engaged in commercial negotiations for licensing and component supply agreements" with said company.
  • Product revenue totaled $176K, contract revenue $128K, and development revenue $660K. MicroVision's cash balance rose by $2.3M Q/Q to $8.3M. Backlog fell by $600K to $3.2M.
  • Opex was $5M, up from Q2's $4.4M but down from $5.5M a year ago.
  • Q3 results, PR
Comments (1)
  • nicolas12345
    , contributor
    Comment (1) | Send Message
     
    too many secret deals...100 fortune company my rear end...
    liars want to be hich secrete tech .....yea yea yea
    13 Nov 2013, 08:18 AM Reply Like
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