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Microvision Inc. Q4 Loss increases, misses estimates

Microvision Inc. (MVIS) announced Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.

The company's bottom line came in at -$12.63 million, or -$0.08 per share. This compares with -$3.57 million, or -$0.02 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn -$0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 41.0% to $557 million from $395 million last year.

Microvision Inc. earnings at a glance (GAAP) :

-Earnings (Q4): -$12.63 Mln. vs. -$3.57 Mln. last year.
-EPS (Q4): -$0.08 vs. -$0.02 last year.
-Analyst Estimate: -$0.07
-Revenue (Q4): $557 Mln vs. $395 Mln last year.

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