MicroVision Inc (MVIS) stock closed the recent trading session at $3.26, gaining 3.82% from the previous trading session. MVIS has a market capitalization of $534.98 million. During the last check, MVIS stock gained 2.45% to $3.34, in the pre-market. The company filed with the SEC on February 4, 2022.
MicroVision Inc is a technology company that deals with the production of laser scanning technology, image capturing, and 3D sensing. MicroVision is a pioneer in MEMS-based laser scanning innovation coordinating optics, equipment, algorithms, and AI programming into exclusive frameworks that tends to exist and develop business sectors. The incorporated methodology gives solutions for automotive lidar sensors, AR microdisplay engines, intuitive display modules, and consumer lidar parts. The company was founded in 1993 and is headquartered in Redmond, Washington, United States of America (USA).
MVIS Financials
MVIS released the financial results for the third quarter of FY21 on October 28, 2021. The company reported total revenue of $0.7 million during the third quarter of FY 21 against $0.6 million during the same period in the last fiscal year.
MicroVision reported a net loss of $9.4 million during the third quarter of FY21 against the loss of $2.8 million during the third quarter of FY20. Earnings per share (EPS) were reported to be -$0.06 against the estimated of -$0.04.
CEO Remarks
The Chief Executive Officer (CEO) of MVIS, Sumit Sharma, said that he is confident that they are on the right path. He added that they received positive feedback from the clients about the minimal expense and smaller size of our automotive lidar sensor, the growth of MicroVision’s core innovation, and our product abilities, prompting several solicitations for extra information and recommendations from OEMs.
“With this positive reaction, along with our good financial position and team, I stay bullish on MicroVision’s capacity to prevail in the developing ADAS and independent driving market.”, Mr. Sharma said.
