Microvision Inc (MVIS)

[Slojab]

The market's not impressed.

Revenue for the first quarter of 2019 was $1.9 million, compared to $2.2 million for the first quarter of 2018. MicroVision's net loss for the first quarter of 2019 was $8.1 million, or $0.08 per share, compared to a net loss of $7.1 million, or $0.09 per share for the first quarter of 2018.

“We remain on track with our business plan and are working to have products in the market in the second half of this year. We expect the development portion of our April 2017 agreement with a leading technology company to be completed in Q2 and we expect orders for production units shortly. We are also encouraged by the progress that our display-only license partner has made with a Tier 1 North American OEM,” said Perry Mulligan, MicroVision’s Chief Executive Officer. “Additionally, our interactive display module has attracted interest from several Tier 1 OEMs,” Mulligan added