Microvision Inc. announced that it has received an initial purchase order from its European distributor for its SHOWWX laser pico projector to be sold by world's top mobile phone operators. The initial quantities of SHOWWX are expected to be deployed within the next month in Europe and at that time more details are expected to be provided by the mobile carrier.

Microvision Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of $924,000 compared to $894,000 for the same period 2008. Operating loss for the quarter was $9.3 million compared to $9.0 million for the same period in 2008. Net loss for the quarter was $11.5 million, or $0.15 per diluted share compared to $8.4 million or $0.13 per diluted share for the quarter ended September 30, 2008. Net cash used in operating activities was $7.1 million compared to $7.6 million for the second quarter of 2009. The reduction in the quarterly cash burn was primarily a result of cost reduction efforts the company implemented in the first quarter of 2009. The net loss for the three and nine months ended September 30, 2009 included a non cash loss on derivative instruments of $2.2 million and $3.0 million, respectively, compared to a gain of $585,000 and $2.0 million for the same periods in 2008. For the nine months, the company reported revenue of $2.9 million compared to $5.1 million for the same period in 2008. Operating loss for the nine months was $27.9 million compared to $25.3 million for the same period in 2008. Net loss for the nine months period was $30.8 million, or $0.43 per diluted share compared to $22.7 million or $0.38 per diluted share for the same period in 2008. Net cash used in operating activities was $23.4 million compared to $22.3 million for the same period in 2008.

Microvision Inc. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).