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MicroVision 1Q17 report ?3
MicroVision has reported
results for its first quarter:
- a loss of 8 cents per share beats by a penny
- on revenue of $792K, which misses by $62M
Management headed up the earnings press release by recapping recent wins, rather than simply reporting earnings. MVIS shares are down almost 10% and falling. Both the stock price movement and the reporting seem immature to me. Analysts seem similarly unimpressed. Most likely the cash will be amortized over several quarters. I'm listening to the conference call now but will only report again if something more comes to light.