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2021-10-29

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Microvision slumps as adjusted EBITDA loss widens

Microvision(NASDAQ:MVIS)reports mixedQ3 results that missed on revenue and beat on EPS. Revenue was

Microvision slumps as adjusted EBITDA loss widens

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrovision slumps as adjusted EBITDA loss widens\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-29 19:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3760661-microvision-slumps-as-adjusted-ebitda-loss-widens><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microvision(NASDAQ:MVIS)reports mixedQ3 results that missed on revenue and beat on EPS.\nRevenue was up 16% on the year to $0.7M, about $0.1M shy of estimates, and the $0.06 loss per share was $0.03 ...</p>\n\n<a href=\"https://seekingalpha.com/news/3760661-microvision-slumps-as-adjusted-ebitda-loss-widens\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MVIS":"维视图像"},"source_url":"https://seekingalpha.com/news/3760661-microvision-slumps-as-adjusted-ebitda-loss-widens","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172418656","content_text":"Microvision(NASDAQ:MVIS)reports mixedQ3 results that missed on revenue and beat on EPS.\nRevenue was up 16% on the year to $0.7M, about $0.1M shy of estimates, and the $0.06 loss per share was $0.03 smaller than expected.\nAdjusted EBITDA for the third quarter of 2021 was negative $6.2M, compared to negative $2.1M in the third quarter of 2020.\nCash used in operations was $10.0M, compared to $3.5M in last year's quarter.\nThe Company ended the third quarter of 2021 with $125.1M in cash and cash equivalents, compared to $135.6M in the prior quarter.\nSumit Sharma, MicroVision's CEO: \"We've received very encouraging feedback from potential customers citing, in particular, the low cost and compact size of our automotive lidar sensor, the maturity of MicroVision's core technology, and our software capabilities, leading to a number of requests for additional information and proposals from OEMs. With this positive response, combined with our healthy balance sheet and talented team, I remain bullish on MicroVision's ability to succeed in the evolving ADAS and autonomous driving market.\"\nShares of MVIS are down 16% in premarket action.","news_type":1},"isVote":1,"tweetType":1,"viewCount":734,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}