H pitches a stock + warrant combo where the stock is immediately separable and profitable at a 12% discount to market and the stock rises! You don't care about the warrants at a 12% premium. Amazing
Mr Tokman, while Russian, understands the nuance of English very well. "products" by the end of the year in no way means PRODUCTION of those "products." He has said this kind of thing time and again. Sony, indeed, announced a "product." They have not announced PRODUCTION, nor have they mentioned orders.
CAPACITY has nothing to do with PRODUCTION. They might be able (capacity) to produce lots of MEMS but neither Sony nor MVIS have orders (production). If they did, we'd have heard all about it.
Great news then. In exactly what product is Sony using this PicoP engine? Their press release certainly made no such reference.
Why would the Playstation need a projector? The gaming experience is all about video quality. Brightness is everything! Games are 1080p, MVIS is 720p. The PS4 plugs into a wall so mobility is meaningless. The cost of a 1080p TV, today, is sub-$400. Who would pay $300 for a projector for gaming on a PS4? No one. Wrong application entirely.
Why is this conservative? 3B what? Mobile phones? There are not 3B mobile phones sold worldwide each year. The number is 1.4B. Of that 1.4B, only 600M or so are smartphones. There is not video out support for non-smartphones. So why do 3% of the smartphones NEED a projector? Samsung has tried it twice and failed. How much available space do you think there is in a smart phone? What about cost adders? At $100 for an engine, that translates to $400 retail, ON TOP of the phone cost. Who is going to subsidize that? What about battery support and heat?
There is a market but when you consider cost, size, battery, heat, industrial design, the share has to be much, much smaller. Taking your example and using Sony as the royalty payer:
1,400,000,000 Market Size (but only 600M can even support a projector)
.03% Market Share for Sony engine
9,000,000 Market Share (Units)
$27,000,000 Annual Revenue
(25,000,000) Fixed Cost
$2,000,000 Profit Before Tax
35% Tax Rate
$2,000,000 Profit After Tax (they will not pay taxes with the carry forwards they have)
40,000,000 Shares Outstanding
Now, MVIS earning ANYTHING would be huge and speculation will be rampant. But remember, to get a design into a major phone brand takes up to two years from TODAY. Typical is 18 months
Great way to "justify" a terrible earrings report.
Here's your error: if anything material was happening, such as a large customer incorporating the Sony engine or if MVIS had another development deal like Sony, MVIS would be required by law to disclose something due to materiality. They don't have to say a name but they do have to disclose material developments.
Unfortunately, because there is nothing material happening, they will not. On the Sony side, Sony DEVELOPED and engine and are shopping it around. They are NOT in mass production of that engine. Sony needs customers for the engine, Sony is NOT a customer. No, the earnings will be more of the same smoke and mirrors.
No. This is not real. Pure conceptual presentation. It's a neat idea but what is on willing to pay for such a concept? You have all of this functionality on your phone, for free.
How long do we have to wait? MVIS runs out of cash this month.
Yes, they do have to announce "earnings." And as usual, like every quarter prior, they will have losses. When will there be business INCOME? That's all they need to talk about but they will not because there is no business. Sad.
Coincidences are usually just that. If MVIS had been working with Apple some kind of announcement was required due to materiality. If Apple is using MVIS technology and the plan is to litigate, then Apple will kill MVIS as MVIS has no money to litigate. Look at how much time and money Apple spent on Samsung. No, this is just a coincidence.
No, based on their burn rate, they had enough cash to survive until April with no new cash, sales or stock sales.
-Review the Sony Feb. 20 news release where their intentions are made very clear:
"By combining this module with Wi-Fi components and a battery, it can realize a compact, pocket-sized projector which can be used to project images from products such as smartphones or tablets, focus-free and in even higher resolution, on any flat or curved surface such as a wall or desk. "
is available today from numerous sources: Aaxa, Roku, 3M, ... What's unique? You are reading between lines that are not there.
Mike, please take your meds. MVIS is a public company. They must, by law, disclose the truth about certain things. They did this in their 10Qs and 8Ks. SONY paid $4.6 million in development fees. That matches MVIS's total revenue. Samsung, if involved, would merit a "material disclosure" in the same way that Sony was disclosed. There is no Samsung connection
How does one "bid" a price per share (ops)? PPS is math. Now, considering the stock is at $2.30 and MVIS has zero revenue and has never made a profit, ever, you must be referring to a different company. MVIS is in a niche market and will always be capped by that alone.
Why would this be "fast tracked"? Sony spends a hundred million a year on R&D. Sony has spent about $4M not he MVIS engine, according to MVIS. Not everything investigated and built goes to market. Surely you understand that. Even so, why a fast track? The projection market has been flat for years. Sony needs to find customers for this engine first. It's a small market.
What are you smoking? SONY is the company. Only Sony. It's in the MVIS release and the clearly in Sony's release. It's done. There is no "next" Fortune 100 company.