Microvision, a high-risk AR company, faces cash burn, 11.4% annual revenue decline, and low automotive contract prospects.
Microvision, Inc. (MVIS) is viewed as a high-risk investment in augmented reality, facing significant cash burn and an 11.4% annual revenue decline over the past five years. The stock has dropped 65.9% year-to-date, and it struggles to secure contracts in the automotive sector. It ranks second on a list of AR stocks recommended against by short sellers. Seven hedge funds held a total of $1.7 million in MVIS during the second quarter.
September 01, 2024
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