MicroVision Announces Agreement to Transfer Component Production to its April 2017 Customer
MicroVision, Inc. (MVIS)
Last microvision, inc. earnings: 3/11 04:05 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
REDMOND, Wash., March 31, 2020 (GLOBE NEWSWIRE) -- MicroVision, Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced it has completed an agreement for its April 2017 customer to take over production of the components MicroVision had been producing for the customer. Beginning in March MicroVision expects to earn a royalty on each component shipped that is approximately equal to the gross profit it earned on each component it had previously produced. “We are pleased to complete this agreement to support our customer’s needs which provides manufacturing stability while at the same time reduces our cash requirements. The agreement with our April 2017 contract customer is expected to generate the same gross profit dollars that we would have earned if we continued to be responsible for the production. The new arrangement would allow us to enjoy the upside if the customer’s product experiences much higher volumes in the futu
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MVIS
Sec Filings
- 11/15/24 - Form S-3/A
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- MVIS's page on the SEC website