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Why MicroVision Stock Crashed Today

TheMotleyFool

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Shares of MicroVision (NASDAQ: MVIS) fell 15% Friday after the laser technology company delivered disappointing first-quarter results.

MicroVision's revenue plunged 67% year over year to $0.5 million. It also generated a larger net loss of $6.2 million, or $0.04 per share, compared to a loss of $4.9 million in the year-ago period. Wall Street had expected revenue of $0.6 million and a net loss per share of $0.03.

MicroVision's stock price reversed track Friday. Image source: Getty Images.

Source Fool.com

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