Loading...
•
Jun 30, 2020
MicroVision Q2 2020 Earnings Report
Announced second quarter 2020 results with revenue of $0.6 million and a net loss of $2.3 million.
Key Takeaways
MicroVision reported a decrease in revenue compared to the same quarter last year, alongside a reduced net loss. The company continues to explore strategic alternatives to maximize shareholder value.
Revenue for the second quarter of 2020 was $0.6 million, compared to $1.2 million for the second quarter of 2019.
Net loss for the second quarter of 2020 was $2.3 million, or $0.02 per share, compared to a net loss of $9.0 million, or $0.08 per share for the second quarter of 2019.
Ended the second quarter of 2020 with $7.8 million in cash and cash equivalents, compared to $5.8 million at the end of the fourth quarter of 2019.
Exploring strategic alternatives to maximize the value of MicroVision for shareholders.
Forward Guidance
The company is exploring strategic alternatives to maximize value, but faces risks including limited cash, market acceptance of products, and reliance on partners.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...