Microvisions reports their Q2 2012 financial results
Microvision announced their financial results for 2Q 2012. during the quarter, revenue was $1.3 million, and the net loss was $5.0 million (down from $9.2 million a year ago). Microvision (after raising money a few times) now has $14.8 million in cash and the backlog is $5.4 million.
During the 2nd quarter, Microvision received purchase orders totaling $4.4 million from Pioneer , and they already started deliveries. In July Pioneer ordered more components for $1.4 million. Microvision says they shipped samples to over a dozen companies in the automotive and consumer electronics vertical markets.