"Product revenue plunged to $176 thousand from $2.1 million, while contract revenue dropped to $128 thousand from $515 thousand."
I've followed this company for decades. Once upon a time, long ago, I made money on it, on the long side. Anyway, this is the lowest point - execution wise - I've ever seen here.
How long before it's under $1 again, and needs to reverse split again? Weeks, max, methinks.
I mean, reverse split adjusted, this was once a $500 stock! Unreal, how badly the management "managed" things to the point where I have to post the above quote from them, after decades of undelivered promises.
I would not touch MVIS, at this point in time, with a ten foot pole!!!