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MicroVision 1Q16 results +4

09:03 27-Apr-16

The most important comments from the MicroVision conference call are:

• new opportunities look like they will result in "several commercial opportunities this year" from new customers
  
• Sharp's RoBoHon launches end of May
• working on additional products with Sony, probably heads up displays for autos as well as brighter projectors
  
• 30% gross margin, which may fluctuate but will hopefully continue to improve towards the 40% goal
  
• backlog decreased $1.8M, but revenue was higher, mostly due to non-Sony orders
• the ATM facility was NOT used, shares outstanding are 51.4M
  

Management also made positive comments about developing augmented reality and 3D sensing technology for gesture recognition in mobile devices, but there was no indication of real results in the near term.

Again, this was an excellent quarter, and I like MVIS at current prices.

On 04/27/2016 08:14 AM, Esekla wrote:

MicroVisison has reported first quarter financial results:

• earnings loss of 7 cents per share, which beats by a penny
• on revenue of $3.7M, which beats by $1.1M

Obviously this is good, and I think MVIS is worth buying at current levels, given the ramp in the business.  Just keep in mind that this is still a money losing early stage tech startup with only one meaningful product and customer.  More after the conference call, if appropriate.

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