Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Similar numbers to last quarter -- lost money at about the same rate despite higher burn rate.
When you dig deeper, there are some encouraging numbers in the earnings report:
Royalty revenue up
Inventory 1.182m -- this tells us they have product on hand and quite possibly have orders to fill.
Cash on hand -- they have enough cash on hand for 3 years at the current increased burn rate. This tells customers that they have staying power
Staffing up -- this accounts for a large portion of the increased burn rate and signals fundamental optimism about the direction they are going.
Overall I'd say this is the most encouraging report we've seen in the past year. I would have really liked to see product revenue, but those inventory levels tell us that revenue is on the way.
Howard nothing personal, I suspect you're correct on earnings but hope you're wrong on $3.50. Maybe we get lucky and they announce a new contract and the price goes to $33.50.
Have bad feeling today will be one of worst earnings ( which will be negative) and revenues will be worse. Share price should then drop to $3.50. Sorry. Rumors around 2 houses.
Update
Share price down again
Will keep all holders up to date.
Most of my portfolio is down enough to hurt a bit. The only bright spot has been PVL which has some decent upside as oil and natural gas prices continue to climb along with a decent monthly dividend that is in the 12% range currently.
That is what the bulk of my last post was in reference to.
SS came across as a little more collected and confident, but really didn't say anything new. He did a better job of laying out what he sees as the MVIS advantage in the market place more clearly which was important, and made an attempt to highlight the fact that until orders come in, all the agreements and partnerships that other companies are touting are really just non-binding statements of intent and could change rapidly as products start to hit the market (or don't as is likely in some cases).
Sadly, until we see revenue from something other than the Microsoft royalty contract, this is going to keep sliding as people sell out of frustration and the relentless short attacks continue.
On the plus side, we are getting close to where we saw a surge of institutional buying and levels I'd consider to be a decent buy point.
If they did, they apparently didn't like what they heard. Then again, it may not have has anything to do with it. GME and AMC are down also.
Next Thursday results. I’m in Vegas. Gonna take the UNDER BY 25% on MVIS. EASY MONEY
Appreciate great reply. Have great weekend
No reason for it to change course right now - there has been no fundamental change or news. Until that happens, the share price will continue to bleed under frustration and short attacks.
The interview gave us a little glimpse into what SS is thinking, but nothing really new. MVIS still has a solid offering based on specs and price, but like other companies no substantive orders yet.
SS came across a little better in terms of content and style, but clearly is a long way from being a polished speaker. He did lay out a pretty clear case for the value proposition of their approach (standard, commodity parts that can be easily sourced at reasonable prices all mixed with their IP/software magic sauce) which I think will give them a solid shot at grabbing market share when the time comes, but he also pointed out that none of the companies are really to the market adoption point despite what their press releases say.
To paraphrase Cuba Gooding Jr -- Show me the orders!
To be fair, I still believe MVIS has a huge upside potential if you manage your risk and can afford to wait it out.
Lo and Behold. Mvis dropping agin. Strange
This should be interesting.
FYI…
MicroVision, Inc.
MicroVision, Inc. has just released the following news:
MicroVision CEO Interview with InvestorPlace Analyst to be Webcast on October 21
Click here to read the full article
If you have any questions, or would like to contact Investor Relations, please reply to this email.
MicroVision, Inc.
6244 185th Avenue NE, Suite 100, Redmond, WA 98052 United States of America
https://www.microvision.com
Calif. why would they spend money if they are losing money? Economics 101. Correct
After trading in and out of MVIS over the past two years or so I am looking for $6.00 or so for support. If that cracks $2.00 in a hurry. Just my two cents worth. HAWK
Agree. Frustrating. Have a great weekend
I have no idea what the present share price represents, be it the outlook for the future based on potential or the remains of speculation over a buyout.
I got out during the run to $30. I wish everyone still in the best of luck.
Are you talking their Germany office or their new space in Redmond? In Washington it is actually an almost 10 year lease with right to extension. Very unlikely they'd be signing those kinds of deals unless they were confident in the path they are on.
The real question is what is the timeframe they are planning for? They have enough cash on hand and shares in the treasury to bridge another 2 years even with increased burn rate, but their share price will not hold if they are not showing additional revenue yet this year.
Present share price is probably a pretty good estimation of value based on expected near term future business. Most of the buyout speculation value has bled away at this point, and until we have a clearer picture of what future revenue will end up being the market is placing a conservative value on the best guess.
News of orders will allow this to find an appropriate level based on the numbers and should provide a good deal more stability. On the other hand lack of news by the end of year will push things down sharply and piss off the long term supporters -- not what we want to see for the company or the community.
Seeing fairly strong long support in the mid $9's but if they continue with the profound silence I think we'll see additional erosion in confidence with the relentless short pressure.
I'm still bullish long term, but management needs to communicate what is going on.
By all appearances they've lined up what they need to be successful, and there appears to be activity behind the scenes but until there is confirmation, we are left speculating.
Frustrating, but it is what it is.
New info. MVIS headed to the basement. $1.00 soon. Not $2.00. Have a great day. Hey CEO Charmin. You should have been fired 2 years ago.
Everybody buying the dip or
Crying on the dip. Pity this company is never making money but signed 5 year lease. Not making money but spending cash. Anyone alive can explain. CEO still big loser. Charmin the great
It was under $2 a year ago. So, it's still up 5 times from then. But it's not so much a fundamental value based on it's financials you're seeing today, as it is the speculation on a buyout that drove it to it's present sp.
April of ‘21. Stock price $28.00
Oct ‘21. Stock price $9.88. Anyone want to do math? Hey CEO Charmin. You watching?
Think I’ll buy when it hits $1.22 again. Think it might be in October
Anyone have any thoughts on when price stops retreating. Info shows $7.20 soon. Very depressing
One quick question
Does this S P ever go up?
Think 47 out of last 50 trading days. Down
The news everyone's been waiting for isn't coming fast enough.
And
Share price continues to drop.
Quiet stock lately.
Quiet board lately,
BUT.....
German Show ongoing, and ONE investor went over, spoke with Mgmt, and left a LONG message about it. Check it out.
https://www.reddit.com/r/wallstreetbets/comments/plb2ye/microvision_booth_tour_at_iaa_2021_munich_meeting/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Lots of good info, sometimes rather technical, but... get the real facts, and then make up YOUR mind if you want to add to your position.
Graveyard. Lots of stock cashing out
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
Followers
|
224
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
5797
|
Created
|
01/17/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |