Microvision (MVIS) Tops Q2 EPS by 1c

Microvision (NASDAQ: MVIS) reported Q2 EPS of ($0.06), $0.01 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $4 million versus the consensus estimate of $1.9 million.

As of June 30, 2015, backlog was $15.0 million. The company expects to fulfill this backlog in the second half of 2015 and into 2016. Cash and cash equivalents were $15.1 million. In the second quarter 2015, MicroVision received $900,000 in proceeds from the exercise of warrants and gross proceeds of $1.8 million from the sale of stock through an At-the-Market (ATM) equity facility established in May 2015. Net proceeds from these activities are included in the cash and cash equivalents.

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

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