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The Switch announces new Chief Financial Officer

Par platformcomms

Experienced CFO with strong digital media, marketing, entertainment and sports background to oversee financial strategy and help drive global growth   New York – January 30, 2020 – The Switch, the platform for the production and global delivery of live video, today announces the appointment of Andy Goldstein as Chief Financial Officer. As The Switch’s CFO, ...

The post The Switch announces new Chief Financial Officer appeared first on NAB Show News | 2020 NAB Show Media Partner and Producer of NAB Show LIVE. Broadcast Engineering News.

Philips already sold over 5,000 PicoPix Max pico projectors on IndieGogo

Par pico

Philips recently announced the PicoPix Max, a premium and relatively large but still portable Android-powered pico projector that features a Full-HD native image, 800 lumens and a battery life of up to 3 hours. Our friend Charbax posted a nice video showing a prototype device, and Philips says on the video that it already sold over 5,000 such projects on IndieGogo!

 

Microvision raises $18 million in a common stock offering

Par pico

Microvision new logoMicrovision that it has closed a public offering of 14.4 million shares for gross proceeds of approximately $18 million (Microvision will receive about $16.6 million).

Ladenburg Thalmann acted as sole book-running manager and representative of the underwriters of the offering. 

Microvision announced its financial results for Q3 2017

Par pico

Microvision new logoMicrovision announced its financial and operating results for Q3 2017. Revenues were $6.1 million (and up from $4 million in Q3 2016), whih is Microvision's highest ever. Operating loss was $5.2 million (up from $4.1 million in Q3 2016) and the net loss was $5.2 million as well.

Cash used in operatings during the quarter was $5.7 million (up from $3.8 million in Q3 2016). As of September 30, 2017 backlog was $15.8 million and cash and cash equivalents were $25.3 million. Given time to market adjustment of the interactive display engine, Microvision anticipates to be at the lower end of its revenue guidance of $30 million to $60 million by January 2019.

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