MicroVision Announces First Quarter 2017 Results; In March 2017 Company Received a $6.7 Million Order for Its Small Form Factor Display Engine for a Smartphone Manufacturer
In April 2017 the company also signed a $24 million contract with a leading technology company
- Revenue was $792,000 compared to $3.7 million one year ago.
- Operating loss was $5.6 million, compared to a loss of $3.6 million for the same quarter one year ago.
- Net loss was $5.6 million, or $0.08 per share, compared to a loss of $3.6 million, or $0.07 per share for the same quarter one year ago.
- In the first quarter 2017 cash used in operations was $6.7 million compared to $3.0 million for the same period in 2016.
As of March 31, 2017 backlog was $8.5 million and cash and cash equivalents were $7.7 million.