MicroVision reports Q3 EPS (5c), consensus (6c)

Reports Q3 revenue $241,000, consensus $225,000. “I’ve been thrilled to see the Company’s momentum and energy these past six weeks, as I stepped into my new role here at MicroVision (MVIS),” said Glen DeVos, MicroVision’s CEO. “The Company is making great strides – processing the high level of external interest stemming from the unveiling at IAA Mobility of our next-gen short-range sensor; optimizing perception system value to automotive OEMs by disrupting norms to offer a cost-effective, integrated solution; accelerating our drone-agnostic perception solution and expansion into ISR applications; and collaborating with the EU’s photonics ecosystem to bring 1550nm FMCW lidar technology to the commercial vehicle and passenger car markets.”