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1Q2004 earnings on deck


tomorrow is a big day. Over the last couple of weeks, MVIS stock price has deteriorated from mid-9s to today's close of $7.93.

Given what the response was to our prior conference call (4Q2003 and 2003 full year) where we slid from $10.70 to $8.12 in about 3 days,

it's understandable to approach this with some nervousness.

Revenues were estimated by Mr. Rutkowski to come in at approximately $3.5M for 1Q2004. It would obviously be great to meet or exceed that figure. What I think I'm a little more anxious about is the revenue guidance for the current quarter, Q2. This was guided to (if I recall correctly) $6M during the prior conference call.

A third of the way through Q2, and there have been a total of zero press releases apart from the $2.3M Lumera financing. So, we don't know whether Nomads are selling. We don't know whether Flics are selling. We have an opportunity here to soothe some nerves and meet the guidance that we've issued previously. We have an opportunity to shed some light on the developments inside the company.

We know about all the projects in the wings -- Canon, the Micro-HUD -- but we have a product for sale right now that has been demonstrated to improve efficiency by 40%. We need to demonstrate efficiency selling it.

It's been tough to watch the share price deteriorate over the last couple of weeks. The uncertainty over tomorrow's CC is hanging heavily over the stock right now. We'll know a lot more tomorrow afternoon.


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