Microvision (MVIS) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.07 EPS for the quarter. Analysts had a consensus estimate of $-0.07. The company posted revenue of $4.20 million in the period, compared to analysts expectations of $2.97 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.
Microvision closed down -0.22 points or -12.57% at $1.53 with 14,26,244 shares getting traded on Thursday. Post opening the session at $1.8, the shares hit an intraday low of $1.53 and an intraday high of $1.84 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Nov 16, 2015, Alexander Y Tokman (CEO) purchased 10,000 shares at $2.34 per share price.
Microvision Inc. is a developer of PicoP display technology which can be used by its customers to create high-resolution miniature laser display and imaging engines. The Company’s PicoP technology utilizes its two dimensional Micro-Electrical Mechanical Systems (MEMS) lasers optics and electronics to create a video or still image from a small form factor device. It also provides engineering support to its customers as they prepare to manufacture display engines as well as provide support to original device manufacturers and original equipment manufacturers during the integration and optimization of PicoP display technology for specific products. It focuses to provide users of mobile consumer devices such as smartphones media players tablet personal computers and other consumer electronics products with a large screen viewing experience produced by a small embedded projector.