Message: AGORACOM Small Cap TV - October 25 - Highlights
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s October 24th, 2011, and we’ve found 5 great press release to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
MicroVision, Inc. (NASDAQ:MVIS), the leader in innovative ultra-miniature projection display technology, today announced its operating and financial results for the third quarter of 2011.
Highlights
- Revenue grew by 41 percent to $1.8 million for the third quarter of 2011, compared to $1.3 million for the third quarter of 2010, and was $4.1 million for the first nine months of 2011, which was approximately equal to the first nine months of 2010. Backlog was $5.1 million as of September 30, 2011, including the $3.5 million ESPlus follow-on order. MicroVision continues to expect a moderate increase in revenue for 2011, compared to 2010.
- Operating loss decreased to $7.8 million for the third quarter of 2011, compared to $12.3 million for the same quarter a year ago, and $26.1 million for the first nine months of 2011, compared to $32.9 million for the first nine months of 2010.
- Net loss was $7.8 million, or $0.07 per share for the third quarter of 2011, compared to $11.9 million, or $0.13 per share for the same quarter a year ago. Net loss was $26.0 million, or $0.25 per share for the first nine months of 2011, compared to $32.0 million, or $0.36 per share for the first nine months of 2010.
New Message
Please
login
to post a reply