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Nothing to see here.
40% increase in revenue
Naming of the April 2017 customer as Microsoft (this should not have been a surprise to ANYONE at this point)
More detail on product line coming to market this fall
Increased expenses for production ramp and sales/marketing
Yep, all horrible news Howie.
I'm just bummed I had to sell a good portion of my position to buy the house. I was really hoping for the ER sell off like we've had the past few reports so I could buy some of my shares back.
Haha that's awesome! Maybe one day. A goal of mine for sure.
Uninhabited islands in the Caribbean are less complicated purchases. Just need a nice boat to get there.
Hahaha same I'd own a country lol
Sure wish I had averaged down at that point.
Not this time. Good day
You'll let us know later, I'm sure.
Pat
Can’t advise my price. Good day
I’m buying and I’m going to say anything I feel is my thoughts on what will be happening. See ya
Well. Now I don’t like you. But. Have a good nite.
Probably got in today at $12.16, right? <G>
Pat
Then WHY are you here?
If you dislike the Company , then move on, has to be rough being Negative all the time ,can not believe you have many friends with such a negative attitude.
Agreed. But. A lot of buying a h. The word Microsoft in call has people riled up. Think I’ll buy 5000 shares in morning. Think I’ll join team again. A close friend who has goog info on the company called me tonight. I’m back in
How in the world is this company still over $1B market cap lol
But look. Lo and behold. Stock up ah. It’s a miracle
LOL Howard, you are a broken Record. Sumit just said, MICROSOFT using Microvision chips in HOLOLENS 2. First time saying Microsoft using the product.
Did you listen to call?. Call was offline. Totally out of control during disclosures. Guess that confirms what Charmin produces. Losses. Losses losses. You got a problem with a company you invest in and. Losses losses losses losses If that’s good for you you must live in a tent
Atta Boy Howard... keep dissing the company. Did you notice the 135 Million in CASH?? Did you notice that companies who received the samples are saying good things? Did you notice the increase in REVENUE? For some reason, Revenue keeps increasing. Wow, wonder what that means!!! Could be that the line purchased by "an unknown company" is selling really really well. hahahaha
Guess not, cause you were too busy looking for something NEGATIVE to post, right?
Net loss 15 mill
That is huge loss compared to what was expected
Well. Looks like everything as usual. No Changes
Thanks for making my point.
Pat
Bought 1.27. Sold 19.40. Got a problem with that? I didn’t. But. The ceo is a loser. If he made money he would be a winner I did make money. Shame people getting sucked in. Shame. Think Charmin is going to open an office in Figi.
Btw. Sinking after hours.
Don't worry about Howard. He's just having fun with forum members. When the pop in share price happens he'll proudly chirp that he got in at the lows. If I recall, he used to regale us with tales of how he was a former holder who sold at the highs. He's an amazing timer. <G>
Pat
I’m doing extremely well actually. Only two of my holdings of 15 stocks are bad. One I’d MVIS
Aapl
Amzn
Goog
Tsla
All doing pretty pretty good.
This garbage stock was one of the two that made me a little money. Sold I believe at 19.89
But. Will keep advising newbies. They made a big mistake investing in a money losing company with no positive direction
Have a great day
There are no more Quarters in any potential pockets. There is nothing to see in the window. Shut the doors. Stop bleeding. Taking a few dollars from new holders who really have no idea what this company is doing. Check last 50 quarters. That should awaken them
Simple. All news they put out makes no
Revenue
Earnings
I will never stop till this CEO is thrown and and someone who can
Make money is at helm. Persistent negative is not a positive direction.
You weirdos have no idea what this Charmin ceo is doing. Or not doing
You may have picked the wrong stock, if you expected substantial and consistent gains from this company in the past or even at this moment.
IMO, this opportunity has yet to be materialized.
MVIS's technology is futuristic.
Well Howard, lets see....
Some company thought enough of their chip to BUY the line, run it themselves, and PAY MVIS for every chip they make. Score one for MVIS.
They have produced working models of LIDAR, given samples to car companies, and have heard good news that they WORK. Should mean orders coming in, in the near future. Score another one for MVIS.
Hired a guy to run a new office in Germany... Must mean they have some potential business in GERMANY...and the Middle East. And they are going to some kind of trade show in the Middle East area in Sept. So Score another round for MVIS.
Now to your incessant point of they spend money and don't make any...well, building a house, you spend TONS of money before you move in...and get nothing for all that money until the house is finished... MVIS is in the same boat.. spending money to make..CHIPS that A COMPANY loves so much they bought the whole line to run it themselves... seems that was money well spent. I could go on, but you know.. I'm positive on the stock and seems you just want to trash any NEWS that they put out..
Most manufacturers are is the same boat when it comes to supply, look at the Chip market for cars/ trucks.
My industry was 7-14 days, now 12–14 weeks, we all have to adjust.
Based on what we can see right now, it would appear that MVIS is in need of a substantial amount of money for SOMETHING. Based on where they are bringing their long range lidar sensor to market, the best and most logical guess is they need cash to secure manufacturing and supply chain commitments. What that suggests is that there is feedback on the early sample units and verbal commitments to orders once more in depth testing and validation is complete. With the mess that is the global supply chain right now, that means that for fall orders, MVIS needs to get things sorted out NOW to be able to deliver in any sort of reasonable time frame.
Tell me you'd be happy putting in an order and being told "Fantastic, we'll get right on that. We should have your parts in 6-8 months" rather than "Once we have signed orders we can have you the the parts in 6-8 weeks."
Something else to consider -- MSFT has been producing the display engine parts of the HL2 product after buying the production line from MVIS. They are about to ramp up production for IVAS deliveries using that production capacity. Are they going to just tell customers that they'll have to wait several months for the most successful AR product being used across dozens of industries? Not likely. I'd wager that MSFT will use their in house production line to meet IVAS commitments and order additional parts from MVIS to continue HL2 production.
Unfortunately this is not likely to hit the balance sheet for this reporting period and we will see what appear to be more disappointing results at first glance, but it is clear that the company is confidently moving along the road to increasing revenue for those who can be patient for a few more quarters.
Europe and the Middle East to be more specific, along with a long time industry insider who has successfully worked closely with half of the car companies in Europe. This provides proximity to some of the largest premium automakers in the world, along with some very interesting AI/autonomous vehicle projects.
Yes, expenses going up and that is a good thing. This leadership team has been very careful in where they spend their money, and have demanded results from the money they have spent. To see them spending this kind of money makes me very optimistic for the future of the company because they believe they will get a solid return on their investment.
For anyone absolutely set on a merger, you may end up being disappointed. For the past 6 months or so the company has been positioning themselves in a strong position to remain a going concern, and this just adds to that foundation. A deal is still quite possible and it is easy to imagine how the pieces fit together, but less needed to add shareholder value going forward.
Sorry to say Howard, but you have become painfully short sighted and closed minded and it doesn't suit you. If you have any shares left, just sell them on the little pop this week and be done with it. Find something you like better -- there are a lot of great opportunities out there. Find something that doesn't frustrate you -- there are a lot of boring companies that you know exactly what will happen and when.
What opportunities?Holders waiting for years. Company just does one thing consistently
Lose Money
"Expenses going up"
So are the opportunities!
Only good news for holders is
Earnings up
Revenue up
How is MVIS doing. Answer all holders that
Atta boy Howard, you and Debbie Downer should get together. All you are concerned about is how to push the price of the stock down. Maybe look at it in a different light? There is a REASON they need a German office? And somebody to run it? Oh wait, CEO said he's happy with the progress they are making with OEM's? That's GOOD news, just in case you were wondering.
Mvis in Germany? Expenses going up
Couple thoughts...
First, they haven't announced earnings date yet, so it is almost certain to not be in 12 days as I believe they need to give 2 week notice, so that is definitely a rumor.
As for a drop in sales... the bears are already screaming no sales, no product, so how can sales drop if they claim there were none to begin with?
Royalty revenue is linked to MSFT's HL2 sales, and possibly to IVAS as well (however that is less certain as management have indicated that the license was for a single assembly for a single product meaning IVAS very well could be under a different and hopefully more lucrative agreement). Microsoft HL2 sales continue to look robust, so I would imagine royalty revenue to be in the same ballpark.
I do expect them to post a larger loss per share as their expenses have gone up -- hiring additional staff, cost of sample units, commitments for manufacturing, etc. This is not unusual before revenue goes up. As the saying goes -- It costs money to make money. I'm not aware of any small company that can produce and sell product without incurring costs associated with production and sales. Larger companies like Apple can clearly demand better terms and string their suppliers along until they have sales to pay the production costs, but in the real world we have to buy materials and pay for services up front at least in part.
Do you think these rumors you cite could be the last desperate attempts by shorts to influence the share price so they can cut their losses ahead of the looming sales and revenue later this fall?
12 days to earnings. Rumor is strong that big drop in sales and earnings. Wow. Didn’t expect that. Not thinking this company NEVER made a penny they might break out. Rumor is. The losses will continue. Just a rumor
Have a great day
Intelligent reply. Thanks
Another red day today. I think 95 % of last 2 months were that way. I’m just upset at the way this company is giving bonuses and stock to its employees when the company shows no profits since like 200 b c
This upsets me and I think every investor. We invest. They pay bonuses and sp keeps getting lower. My company does 33 billion a year in rev.. I know if all our key people have a bad year. They are not around that next year. Basic economics 101
Good luck
With his stock options, I can only wish. I'm just someone who believes in what the company is trying to do and have been invested on and off for the past 10 years with very mixed emotions. My current core position dates from fall of 2017 and I was absolutely pissed at how the previous management team wasted opportunity after opportunity and let the company sink to the point where bankruptcy was a real concern.
Since SS took over last spring they have stabilized their finances, they have focused on completing development for products that there are actual markets for, and are on a path where the company has a real future.
I'll miss our conversations, but you need to focus on what makes you money and doesn't frustrate you.
As for me, MVIS is paying for the house I am moving into next month. I'm a bit frustrated that they haven't gotten a deal done and paid out big, but it is what it is. These things take time, and that may not even be the best option for the company anymore.
I will not communicate with you anymore. Think you are Charmin. Be gone. Better yet. I’ll text you when MVIS is profitable. Maybe by 2196
Have a great day. I intend to make money today day and the rest f the week. Tell Charmin if he needs my ides. To call me
Said like Apple didn't have problems at some point either. Microsoft and other companies subsidized Apple to keep them from closing their doors. For the first 25 years of their existence they couldn't turn a consistent profit and were in danger of going broke repeatedly.
I'd also like to remind you that SS has been on the job for not quite a year and a half. I'd say he has done well in that time.
That is the problem -- we currently don't know what the situation is. They may be on the verge of reporting the first quarterly profit in recent memory. They may have a deal all but finalized. They may already have orders for their LRL units.
With their focus on cost controls and being very careful with their money, I'd wager there is a reason they feel they can award this kind of bonus at this time.
Tell Steve Jobs that. If Jobs were here we wouldn’t be having this talk. We would be looking for new Bentleys
Have a good day
If they worked. Somebody would beat the friggin door down to buy that product. Ain’t happening.
Get with it S Wife. You have no idea of what’s happening. Fire this CEO.
The market is a forward looking mechanism.
Just because they didn't make a profit last quarter or last year does not mean they can't make a profit next quarter or next year.
Sort of like saying your lousy kid hasn't had a job for the past 10 years (ignoring the fact they were too young or in school and have been focusing on their education) so why should you think they'll ever get a job even though they just graduated and are interviewing?
MVIS is bringing technology to market at a time there is actually a market for it. If you've been paying attention, their prospects look better then they EVER have for this company. Near eye display (HoloLens2 and IVAS) and automotive LiDAR both represent strong entries in markets that are just now taking off.
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