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MicroVision Second Quarter 2024 Earnings: Beats Expectations
MicroVision (NASDAQ:MVIS) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$1.90m (up 478% from 2Q 2023).
- Net loss: US$23.9m (loss widened by 16% from 2Q 2023).
- US$0.12 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
MicroVision Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 90%. Earnings per share (EPS) also surpassed analyst estimates by 15%.
Looking ahead, revenue is forecast to grow 68% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are down 8.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for MicroVision (1 makes us a bit uncomfortable) you should be aware of.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:MVIS
MicroVision
Develops and commercializes lidar sensors and perception solutions in the United States, Germany, and internationally.
Medium-low risk with mediocre balance sheet.
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