MicroVision Inc reports results for the quarter ended December 31 - Earnings Summary

• MicroVision Inc MVIS.OQ reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of two analysts for the quarter was for a loss of 12 cents per share. Wall Street expected results to range from -17 cents to -8 cents per share.

• Revenue fell 67.7% to $1.65 million from a year ago; analysts expected $3.25 million.

• MicroVision Inc's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $31.16 million.

• MicroVision Inc shares had risen by 16.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 56.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for MicroVision Inc is $2.50

This summary was machine generated from LSEG data March 26 at 09:00 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)