Microvision (MVIS) Reports In-Line Q4 EPS

Microvision (NASDAQ: MVIS) reported Q4 EPS of ($0.08), in-line with the analyst estimate of ($0.08). Revenue for the quarter came in at $687 thousand versus the consensus estimate of $1.7 million.

2015 Objectives and Outlook

“2015 is expected to be a transformational year for MicroVision. We expect to achieve significant year-over-year growth by focusing attention on making our customers successful whether providing high quality components or assisting them with their go-to-market efforts,” said Alexander Tokman, president and CEO of MicroVision.

MicroVision’s key goals for 2015 build on the momentum from 2014 and include:

Support the Fortune Global 100 customer with display module commercialization
Develop new OEM/channel opportunities for display engine manufacturing partners that are incorporating PicoP display technology
Increase supply capacity for key components
Achieve significant year-over-year growth through component sales and licensing of PicoP display technology
Evolve technology platform to offer enhanced features and capabilities for a compelling roadmap for licensees of PicoP display technology.

For earnings history and earnings-related data on Microvision (MVIS) click here.

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