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MicroVision schedules 1Q17 report, plus new contract +6
09:19 20-Apr-17
MicroVision has just issued a second
announcement of a development contract for a next generation
laser scanning system worth up to $24M. $14M of that is for
development fees to be paid upon completion of milestones over the
next 21 months. Further details are not being made public.
MicroVision has scheduled
the report on its first quarter to take place before market open
on Thursday, April 27th. On average,
analysts expect the company to lose 9 cents per share on revenue
of just $85KK. Sales are expected to ramp back up as the year
progresses.
Although MVIS share have been and may continue to be volatile, this report figures to be something of a non-event, barring surprises. The last report was less than two months ago, and though management will tout technology and vague progress, it's probably too soon for any real news. Note that partner, STMicro will report the same day, and I will check that as well.