This post was originally published on this site
MVIS has lost 39.9% since hitting its 52-week high of $28 on April 27, to close yesterday’s trading session at $15.90. Moreover, MVIS’ net loss increased 549.4% year-over-year to $14.96 million for the second quarter ended June 30, 2021, while its loss per share came in at $0.09, up 350% year-over-year.
According to a Global Market Insights report, the lidar market is expected to grow at a 20% CAGR between 2021 – 2027. However, MVIS’ near-term prospects look bleak because it could take significant time for it to successfully market its lidar technology.
