The conference call was fairly short but it does seem that Microvision is heading in the right direction. Tokman highlighted the developmental activity with the Fortune Global 100 electronics company stating they were impressed with the capabilities of Microvisions technology and support they have been receiving. The developmental agreement runs until April 2014 and during Q&A, Tokman stated they are currently negotiating supply and licensing terms for commercialization. Microvision is also currently working with "recognized" names. according to Tokman, and we may see product launches as early as next year. I'm interested to find out who the Tier 1 global automotive supplier Microvision is working with in order to develop a new heads up display. As for the financials, well Microvision seems to be running a tight ship reducing expenses and losses across the board. If anybody was wondering how many employees Microvision had left, it turns out the numbers are around 70 with 40-45 being in research and design. Next big event for Microvision is CES! Stay tuned....
Q3 2013 Results - Earnings Call Transcript
