MicroVision a Stock to Own Now or a Stock to Avoid

Shares of MicroVision Inc (NASDAQ:MVIS) are experiencing increased interest.

Here is what you need to know about Microvision (NASDAQ:MVIS).

Microvision has been in the rumor mill for the last few weeks with Apple and Microsoft being mentioned as possibly implementing MicroVision’s technology.

Microsoft is rumored to be using Microvision in the Hololens.  Apple has been rumored as a possible user of Microvision.  Jeff Brown, Apple insider has said the next iPhone will have MicroVision inside according to this website.  Jeff has worked at both NXP Semiconductor (NXPI) and Qualcomm (QCOM) before becoming an investing pundit.

On 8-22-17 our members received a buy alert on (NASDAQ:MVIS) trading at $2.07.

 

If robots, self-driving cars & Virtual Reality doesn’t sound sexy I don’t know what is.

MicroVision’s patented PicoP® scanning technology is well suited to support a wide array of applications including pico projection, interactive pico projection, 3D LiDAR sensing for applications such as advanced driver assistance systems (ADAS), robotics and industrial applications, and Augmented and Virtual Reality (AR/VR).

There is an uncanny amount of employees working on Microsofts Hololens project that was previously employed at Microvision.  Some people take this as a bullish sign while others are using this to throw shade on Microvision.

At least some of the rumors are driven by a $24 million dollar contract MicroVision announced in April with an unnamed “major technology company”.  Keyword emphasis on “major technology company” being mentioned twice in the short and sweet press release.

Under this agreement, Microvision would develop a new generation of MEMS1, ASICs2 and related firmware for a high-resolution, LBS based product the technology company is planning to produce. Microvision would receive up to $24 million including $14 million in fees for development work that is expected to span 21 months and an upfront payment for other items. The development fees would be paid contingent on completion of milestones in 2017 and 2018. Further details on the milestone timing, amounts related to the milestones, quantity of components and other details of the contract are not being made public.

See the complete release here: Microvision  Awarded Development and Supply Contract for Laser Beam Scanning System by a Leading Technology Company.

In June the company announced that its PicoP® scanning engine for projected display is part of a new VOGA V flagship smartphone.

Ragentek, a Chinese-based smartphone manufacturer and solution company with top selling phones in China, India, Brazil and other countries, placed a $6.7 million order with MicroVision in March 2017 for a customized display engine, PSE-0403-103, to be embedded in its VOGA V smartphone.

Ragentek, a Chinese-based smartphone manufacturer and solution company with top selling phones in China, India, Brazil and other countries, placed a $6.7 million order with MicroVision in March 2017 for a customized display engine, PSE-0403-103, to be embedded in its VOGA V smartphone. Ragentek plans to begin pre-orders for the phone immediately with delivery starting in July. To support Ragentek’s schedule, MicroVision began shipping engines at the end of June and will begin volume shipments in July. 

There is speculation of another big order announcement coming anytime now.  The last 5 days combined trading volume are well above recent weeks. Option volume, however, has been average.

 

This stock is worth a look for those with an appetite for risk.  Higher risk equates to higher rewards.