Brief: View Announces Reports Q2 Revenue $16 Mln

View

08/08/2022 22:08

Aug 8 (Reuters) - View Inc  VIEW.O :
    * VIEW ANNOUNCES Q2 EARNINGS, REAFFIRMS 2022 GUIDANCE AND
PROVIDES
UPDATE ON FINANCING; DYNAMIC GLASS INVESTMENT TAX CREDIT
INCLUDED IN THE CLIMATE PACKAGE OF THE SENATE PASSED INFLATION
REDUCTION ACT OF 2022
    * SEES FY REVENUE $100 MILLION TO $110 MILLION
    * Q2 REVENUE $16 MILLION
    * AS OF JUNE 30, 2022, COMPANY HAD $111 MILLION IN CASH ON
HAND
    * DETERMINED THAT THERE IS SUBSTANTIAL DOUBT ABOUT ITS
ABILITY TO
CONTINUE AS A GOING CONCERN
    * EXISTING CASH BALANCE WILL NOT BE ADEQUATE TO FUND ITS
FORECASTED OPERATING COSTS AND MEET ITS OBLIGATIONS BEYOND
NOVEMBER 2022
    * QTRLY NET LOSS PER SHARE, BASIC AND DILUTED $0.39

Source text for Eikon:  ID:nGNX8ST1Nq 
Further company coverage:  VIEW.O 

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