logo
Share SHARE
FONT-SIZE Plus   Neg

Microvision Q1 Loss Widens - Quick Facts

Microvision Inc. (MVIS: Quote) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The FCC has warned Marriott and other hotel chains to stop the "disturbing trend" of illegally blocking guests' private wi-fi. Marriott, which was fined $600,000 for blocking personal hotspots in hotel rooms and conference spaces, recently stopped the practice after a storm of criticism on social... Apple Inc. said Tuesday after the markets closed that its first quarter profit rose 38% from last year, driven by all time record revenue from iPhone and Mac sales as well as record performance of its App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales. We are just a few weeks into 2015 and it has already been a busy year for merger deals and merger talks. Here is a list of some of the M&A stories that have made headlines so far in 2015.
comments powered by Disqus
Follow RTT