APRN - Sell Microvision: Nothing Left To Be Optimistic About
MicroVision (MVIS) states that it owns proprietary laser-beam scanning technology that has applications in projection and interactive display, consumer LiDAR and automotive LiDAR. Management has consistently promised that their "technology" has several end market applications and that they could be on the cusp of the largest deals in the history of the company's existence.
But is it really different this time? Most interactions have fallen flat resulting in sparse product, licensing, and contract revenue derived from sample testing. OEMs have been uninterested in either making initial and/or subsequent purchase orders and circular discussions