Finance

Microvision reports revenue for 9 months 2006 of $5.2 million, down from $12 million in 2005

Published in Healthcare Mergers, Acquisitions and Ventures Week, December 9th, 2006

Microvision, Inc. (MVIS), a provider of light scanning technologies, reported for the 9 months ended September 30, 2006, revenue of $5.2 million compared to $12 million for the same period in 2005, and $823,000 for the 3 months ended September 30, 2006 compared to $3.3 million for the same period in 2005.

During first 9 months of 2005 the company earned $4.9 million from work performed on a contract with Ethicon compared to $764,000 for the same period in 2006. Sales of the Nomad system in the 9 months ended September 30, 2005 included a $1.2 million one-time sale to the U.S. government not repeated in 2006. As of September 30, 2006, backlog totaled $6.9 million...

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2006-12-09)

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