Microvision Inc. Q1 Loss increases, misses estimates

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

The company's bottom line came in at -$13.17 million, or -$0.08 per share. This compares with -$6.23 million, or -$0.04 per share, in last year's first 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 fell 27.1% to $0.35 million from $0.48 million last year.

Microvision Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$13.17 Mln. vs. -$6.23 Mln. last year.
-EPS (Q1): -$0.08 vs. -$0.04 last year.
-Analyst Estimate: -$0.07
-Revenue (Q1): $0.35 Mln vs. $0.48 Mln last year.

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