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Monday, August 12, 2013

Microvision reports their Q2 2013 results: $1.9 million in revenue and a net loss of $3.4 million

Microvision reports their Q2 2013 results: $1.9 million in revenue and a net loss of $3.4 million: "Microvision reported their financial results for Q2 2013: $1.9 million in revenue (mostly from Pioneer for their Automobile HUD product) and a net loss of $3.4 million. Cash used in operations was $2.8 million. As of June 30, Microvision had $6 million in cash, which means they will need to raise money again soon.

Microvision says they continue its development activities with a Fortune Global 100 electronics company to embed their PicoP display technology into a display engine. Regarding Pioneer, it seems that they will not purchase more from Microvision as they have canceled the Automobile HUD product. Microvision are however still in discussion with them regarding a different product (an embedded head-up display)."

'via Blog this'

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