For the nth time, kudos to Value Stock members for arguing against the bearish call on MicroVision (MVIS). Though I reversed the call in time to publish the $1.20 - $1.60 a share entry price, MVIS just obliterated any technical “resistance” today. The stock rose ~10% on the day, is up 26.4% in the month and 133% in the quarter.Last month (Mar 15), MicroVision won a $6.7 million contract. When earnings are elusive but sales are growing at a 21% annual pace in the last five years, every contract counts. The company today announced a contract win with an unnamed company. Who could that be? $MVIS, MicroVision, Inc. / D In the announcement, MVIS said it would supply LBS – Laser Beam Scanning – display systems and will produce the related components. The deal is worth $24 million over 21 months. MVIS will $14 million in fees along with upfront payments. Upon meeting milestones this year and next, it will receive the rest of the payments.Per the PR, “MicroVision’s patented PicoP® scanning technology is well suited to support a wide array of applications including pico projection, interactive pico projection, 3D LiDAR sensing for applications such as advanced driver assistance systems (ADAS), robotics and industrial applications, and Augmented and Virtual Reality (AR/VR).” (source)