MicroVision Inc reports results for the quarter ended in June - Earnings Summary

Microvision

08/08/2024 24:29

* MicroVision Inc  MVIS.OQ  reported a quarterly adjusted
loss
of 11 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -9 cents.  The mean expectation of two analysts for the
quarter was for a loss of 13 cents per share. 
    * Revenue rose 477.5% to $1.90 million from a year ago;
analysts
expected $1.10 million. 
    * MicroVision Inc shares had fallen by 12.3% this
quarter and
lost 65.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for MicroVision Inc
is $3.00 
This summary was machine generated from LSEG data August 7 at
11:28 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.13          -0.11          Beat
 Mar. 31 2024      -0.11          -0.13          Missed
 Dec. 31 2023      -0.09          -0.10          Missed
 Sep. 30 2023      -0.09          -0.10          Missed