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MicroVision 3Q15 results -3

09:07 05-Nov-15


The conference call is ongoing, but it's amateur hour and I doubt there will be anything else of import.  Management's explanation on the revenue drop is that there was a part quality problem from one of the suppliers.  That was corrected within a few weeks, but affected shipments for the quarter. 

Margins improved from 17% to 24% QoQ, and should continue to improve.  It was also noted that management did not use ATM facility, which is good and validates my opinion of them.

Sony represents the vast majority of the backlog, and new sales channels through Sony could offer increased sales. However, I continue to think that different types of applications will be key for future growth.  Management mentioned new opportunities, including augmented 3D sensing, but I think that may be a very long way off, if it ever materializes at all.

On 11/05/2015 08:35 AM, Esekla wrote:
MicroVision has published its results for the third quarter:
  • the company lost 7 cents per share, which is in-line with average estimates
  • on revenue of $2.4M, which is almost a 150% YoY improvement, but misses massively by $1.5M

The conference call should begin momentarily, and I will be listening for an explanation.