MicroVision Sees Higher Q3 Revenue

MicroVision Inc., which makes ultra-miniature projection display and sensing technology, posted Q3 net losses of $5.2 million, up from losses of $4.1 million a year ago, on revenue of $6.1 million, up 52% from $4.0 million. For the first three quarters there were losses of $16.4 million, compared with losses of $11.1 million last time, on sales which fell to $8.3 million from $11.9 million. The firm said that the increased Q3 turnover was thanks to its development programmes and higher product shipments.