Monday, March 16, 2015

More Component Orders

We can say categorically now, that further dilution is off the table.* 
This order is more than a year of the standard burn rate of cash.
MicroVision is IN THE BLACK and will show a PROFIT for this financial year.* 

The component order is only a part of the total income to MicroVision that will come from this order. There will also be license fees and royalties.
MicroVision, Inc. (MVIS), a leader in innovative ultra-miniature projection display technology, today announced it has received orders totaling $14.5 million for components for its Fortune Global 100 customer. 
MicroVision plans to begin shipment of components for these orders in the second half of 2015 and expects fulfillment to continue into 2016. MicroVision and its Fortune Global 100 customer recently entered into a licensing agreement whereby MicroVision granted a non-exclusive license to its patented PicoP® display technology to the Fortune Global 100 company. The components MicroVision is selling to its customer are expected to be incorporated into display modules the Fortune Global 100 has developed. MicroVision will also be entitled to royalty payments upon any sales by its customer of the display modules. MicroVision is currently fulfilling component orders received in the second half of 2014 for this same customer.

* Please remember you are reading something that is my opinion and for my own notes.

No comments:

Post a Comment