Microvision avoids being delisted from the Nasdaq

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Microvision, the company specializes in PicoP projection technology, announced Thursday it will be able to continue trading on the the Nasdaq Capital Market after meeting the minimum trading price of $1 per share. As of Thursday evening, Microvision’s stock price was $3.25 per share.

Microvision had a decent financial year in 2011. The company managed to raise its annual revenue to $5.6 million compared to $4.7 million in 2010. It also managed to cut its operating costs by over $10 million in 2011.

Microvision revealed one of its latest products called the PicoP Gen2 display engine at CES 2012. It’s hoping to get device manufacturers to incorporate the PicoP Gen2 display engine within their products. As of now, Pioneer is creating a heads-up display with the PicoP Gen 2 display engine. It will be released sometime in mid-2012.

Via [Microvision]

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