Microvision Inc. (MVIS) reported that its first-quarter net loss was $9.8 million, or $0.58 per share, compared to a loss $9.0 million, or $0.70 per share for the same quarter a year ago.
Revenue was $1.7 million, compared to $1.1 million a year ago, primarily from the sale of current generation PicoP display engines and the SHOWWX family of pico projectors.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.50 per share on revenues of $1.27 million for the quarter. Analysts' estimates typically exclude special items.
MicroVision said it plans to reduce its cash used in operations by approximately 50% during the second half of 2012 to align to its "Image by PicoP" ingredient brand model.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.