Microvision announced recently that it lost $9.8 Million during the first quarter. Up from $9 million the for the same period last year. Its revenues grew slightly higher to $1.7 million for the quarter.

Microvision can’t seem to seal the bleeding. Last fall they reported that their cash supply was getting smaller which is a major concern. Alexander Tokman made a statement saying “We believe we are positioned to achieve our goal of making PicoP Gen2 display engine technology available this year with a licensing and royalty business model that capitalizes on our investment in our patented PicoP technology and the associated reduction in operating expenses,”

Our hats off to you Microvision.