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Sep 30, 2020
MicroVision Q3 2020 Earnings Report
Announced third quarter 2020 results, reporting a decrease in revenue compared to the same quarter last year and a reduced net loss.
Key Takeaways
MicroVision reported Q3 2020 revenue of $0.6 million, a decrease from $1.2 million in Q3 2019. The company's net loss was $2.8 million, or $0.02 per share, an improvement from a net loss of $6.1 million, or $0.05 per share, in the same quarter of the previous year. The company ended the quarter with $5.0 million in cash and cash equivalents.
Q3 2020 revenue was $0.6 million, down from $1.2 million in Q3 2019.
Net loss for Q3 2020 was $2.8 million, or $0.02 per share, compared to a net loss of $6.1 million, or $0.05 per share in Q3 2019.
Ended Q3 2020 with $5.0 million in cash and cash equivalents.
Focus remains on pursuing a strategic transaction at the right value for shareholders.