Wednesday, May 13, 2015

From InsiderMonkey

Microvision, Inc. (NASDAQ:MVIS) is the second largest new addition to the equity portfolio of Cortex Capital Management. The advisory firm owns 500,000 shares of the company with a market value of $1.72 million as of the reporting period. Working primarily in advanced laser display technologies, Microvision has a current market cap of $140.24 million. The shares of Microvision have jumped in excess of 70% year-to-date. Unsurprisingly it has been an excellent year for the technology firm as the company landed a fortune Global 100 Electronics Company as its client and received an $8 million upfront payment from it in March, along with a multi-year contract. The client’s name has been withheld by Microvision. Microvision, Inc. (NASDAQ:MVIS) reported revenue of $0.9 million in its first quarter ending on March 31, 2015, which was lower than its first quarter 2014 revenue of $1.2 million. Some of the top investors of Microvision include Peak6 Capital Management and Citadel Investment Group.


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