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Microvision Inc   (MVIS)
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Price: $1.9150 $-0.16 -7.711%
Day's High: $2.15 Week Perf: -19.87 %
Day's Low: $ 1.91 30 Day Perf: -20.54 %
Volume (M): 6,371 52 Wk High: $ 8.20
Volume (M$): $ 12,200 52 Wk Avg: $2.80
Open: $2.09 52 Wk Low: $1.82



 Market Capitalization (Millions $) 361
 Shares Outstanding (Millions) 188
 Employees 67
 Revenues (TTM) (Millions $) 2
 Net Income (TTM) (Millions $) -77
 Cash Flow (TTM) (Millions $) 30
 Capital Exp. (TTM) (Millions $) 4

Microvision Inc

MicroVision, Inc. is a pioneer in laser beam scanning (LBS) technology that we market under our brand name PicoP®. We have developed our proprietary PicoP scanning technology that can be adopted by our customers to create high-resolution miniature projection and three-dimensional sensing and image capture solutions that use laser diodes as the light source. Our PicoP scanning technology incorporates our patented expertise in two-dimensional Micro-Electrical Mechanical Systems (MEMS), lasers, optics, and electronics to create a small form factor scanning engine with lower power needs than many other technologies that projects high-quality video and still image and/or uses depth sensing to capture three-dimensional data.

We have licensed our patented PicoP scanning technology to other companies for incorporation into their scanning engines for projection. We sell our licensees key components needed to produce the laser scanning engines and/or license our technology to collect a royalty for each scanning engine they sell. Companies to whom we license our PicoP scanning technology are typically original design manufacturers (ODMs) or original equipment manufacturers (OEMs) who are in the business of making component parts or products ready for sale to end users. To date, we have primarily focused on the consumer electronics market, however, we believe that our technology creates a platform that can support multiple applications and markets including enterprise, medical, industrial and automotive.

MicroVision, Inc. was founded in 1993 as a Washington corporation and reincorporated in 2003 under the laws of the State of Delaware. Our headquarters is located at 6244 185th Avenue NE, Suite 100, Redmond, Washington 98052, and our telephone number is (425) 936-6847.

Our patented PicoP® scanning technology combines a MEMS scanning mirror, laser diode light sources, electronics, and optics that are controlled using our proprietary system control expertise. The bi-directional MEMS scanning mirror is a key component of our technology platform and is one of our core competencies. Our MEMS design is a silicon device with a one millimeter mirror at the center. This mirror is connected to small flexures that allow it to oscillate vertically and horizontally to capture (imaging) or reproduce (display) an image pixel-by-pixel. Our PicoP scanning technology creates a brilliant, full color, high-contrast, uniform display over the entire field-of-view, from a small and thin package. We believe that our proprietary technology offers significant advantages over traditional display and image capture systems. Depending on the specific product application, these advantages may include:

Ability to perform projection and three-dimensional sensing and image capture from a single device;
Focus-free operation;
HD resolution;
Low power requirements to enable battery operated devices and applications;
Large screen size up to 200 inches from short distances;
Small and thin package size;
High-brightness, high-dynamic range, and brightness uniformity; and
Rich, saturated color reproduction.

Our approach is to create a platform centered on the core capabilities and features of PicoP® scanning technology that can support multiple applications and markets. We see pico projection and automotive head up display (HUD) as the most promising applications for our technology, and we have concentrated in these areas over the past several years. We believe augmented reality (AR) and virtual reality (VR) eyewear displays and three-dimensional sensing and image capture applications can also benefit from our technology, and we are actively exploring these opportunities.

Our primary objective for the pico projection market is to enable a large screen viewing experience produced by a small projector for mobile devices such as smartphones, tablets and other consumer electronics products. The scanning engine can either be embedded in the mobile device directly or in a small standalone companion product that is paired with the mobile device wirelessly or via a protocol such as HDMI. These potential products would allow users to watch digital videos, play games, and display images and other data onto a variety of surfaces, freeing users from the limitations of a small screen. Products that incorporate our PicoP scanning technology have been announced by our licensees and their customers in 2015.

For the automotive market, an engine using our PicoP scanning technology could be combined with other components and systems to form a HUD system to be embedded into a vehicle or integrated into a portable, standalone aftermarket HUD. We have produced prototypes that demonstrate the ability of PicoP scanning technology to project high-resolution virtual images in the drivers field-of-view, providing the driver with a variety of information related to the vehicles operation. We have also begun to investigate opportunities to apply our technology to emerging applications for in-car connectivity and infotainment systems.

Another possible application area for our PicoP scanning technology that we have refocused on in the past year is eyewear displays, also known as AR and VR. We have a long history with this application, and the eyewear ecosystem has progressed to a point where we see future growth opportunities. We are in the exploratory phases with prospective customers in identifying which AR and VR applications offer the most promise for our technology inside their future products.

In addition to the display and projection applications, our PicoP scanning technology has the ability to capture three-dimensional information. We believe there are market opportunities to use our technology to capture images and sense objects. We are in the early stages of identifying these opportunities and developing plans with prospective customers to leverage our competitive advantages in these areas.



   Company Address: 18390 NE 68th Street Redmond 98052 WA
   Company Phone Number: 936-6847   Stock Exchange / Ticker: NASDAQ MVIS
   


   

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Microvision Inc

Microvision Inc Shines Bright with Impressive Revenue of $1.047 Million in Q3 2023



Microvision Inc, a technology company specializing in the development of laser scanning and imaging solutions, recently reported its financial results for the most recent fiscal period. This article aims to outline the key facts and interpret the implications of these results, taking into consideration the company's recent stock performance as well.
Financial Results:
1. Revenue: Microvision Inc generated $1.047 million in revenue during the most recent fiscal period. While this figure indicates some level of growth, further analysis is needed to assess the company's overall financial health.

Microvision Inc

Microvision Inc Faces Challenges with Increased Losses but Shows Promising Growth in Q2 2023 Earnings



Microvision Inc, a leading Electronic Instruments & Controls company, has recently released its financial results for the second quarter of the 2023 earnings season. This article aims to interpret the results and explore the potential impact on the company's future.
1. Net Loss Per Share:
Microvision Inc experienced a net loss per share of $-0.12 during Q2 2023, compared to no loss in the same period last year. This decline in profitability raises concerns about the company's financial performance and its ability to generate positive earnings.

Microvision Inc

Microvision Inc's Q4 Fiscal Results Indicate Steep Losses, Highlighting Financial Struggles

Microvision Inc (MVIS) is a company that specializes in developing 3D sensing technology for use in various applications such as automotive, consumer electronics, and industrial. However, recent financial reports have shown that the company is facing major challenges, with its fourth-quarter fiscal year ending on March 31, 2023, delivering particularly alarming results.
First, the company's Q4 results showed that their diminishing returns have widened to $-0.11 per share. This is a significant decline from the previous quarter, where they reported $-0.32 per share. It's clear that the company's financial situation has worsened, indicating that they are running out of steam and are losing steam rapidly. This decline in earnings comes as no surprise to many industry experts, who have been flagging the company's operations and been warning investors about their shaky financial situation for some time.






 

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