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Microvision report Q4 2012 results – $2.7 million in revenues, net loss of $4.1 million
Thursday, February 28, 2013 3:10
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Microvision announced their financial results for Q4 2012. The company had $2.7 million in revenues in Q4 2012, with a net loss of $4.1 million. For the whole of 2012, Microvision grew the revenues to $8.4 (up from $5.6 million in 2011). The loss in 2012 was $22.7 million (down from $35.8 million in 2011).
Microvision currently has $6.8 million in cash and equivalents and a has a backlog of $1.8 million. Their main objectives for 2013 is to secure design wins and enter into licensing agreements, strengthen the supply chain for key PicoP components and aggressively manage cash used in operations.
2013-02-28 03:02:35
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