Microvision, Inc. (NASDAQ:MVIS) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MVIS to report 3Q20 loss of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 3.20 million, while looking forward to loss of $ 0.09 per share bottom line.
Previous Quarter Performance
Microvision, Inc. recorded loss for the second quarter of $ 0.02 per share, from the revenue of $ 0.59 million. According to street consensus, MVIS was expected to report 2Q20 loss of $ 0.01 per share from revenue of $ 0.54 million. The bottom line results missed street analysts by $ 0.01 or 100 percent, at the same time, top line results outshined analysts by $ 0.05 million or 9.26 percent.
Stock Performance
Shares of Microvision, Inc. traded low $ -0.22 or -8.37 percent on Wednesday, reaching $ 2.41 with volume of 4.10 million shares. Microvision, Inc. has traded high as $ 2.54 and has cracked $ 2.36 on the downward trend
According to the previous trading day, closing price of $ 2.41, representing a 1,653.33 % increase from the 52 week low of $ 0.15 and a 23.77 % decrease over the 52 week high of $ 3.45.
The company has a market capital of $ 346.69 million and is part of the Technology sector and Electronic Components industry.
Conference Call
Microvision, Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.microvision.com
MicroVision, Inc. develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia. Its PicoP scanning technology includes micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
