Jim Cramer's Meme Stock Update: 'MicroVision Shows Its True Stripes'
Jim Cramer discusses MicroVision (MVIS) following an earnings report that was less than stellar.
MicroVision reported a loss of $6.2 million, or 4 cents a share, in the first quarter, compared with a year-earlier loss of $4.9 million, or 4 cents a share. Sales dropped to $500,000 from $1.5 million a year ago. Analysts surveyed by FactSet expected the company to report a loss of 3 cents a share on sales of $600,000.
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