View, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:15 pm EDT
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View, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 28.03 million compared to USD 16.32 million a year ago. Net loss was USD 56.36 million compared to USD 82.89 million a year ago. Basic loss per share from continuing operations was USD 14.11 compared to USD 23.21 a year ago.
For the six months, sales was USD 46.38 million compared to USD 33.33 million a year ago. Net loss was USD 123.65 million compared to USD 165.26 million a year ago. Basic loss per share from continuing operations was USD 31.17 compared to USD 46.28 a year ago.
View, Inc. is a smart buildings platform and technology company. The Company designs, manufactures, and provides electrochromic or smart glass panels, to which it adds a one-micrometer electrochromic coating. These smart glass panels, in combination with its network infrastructure, software and algorithms, intelligently adjust in response to the sun by tinting from clear to dark states, and vice versa, to minimize heat and glare without ever blocking the view. Its products include View Smart Glass, View Smart Building Platform and View Smart Building Technologies. View Smart Glass includes Insulating Glass Units (IGUs), Controls, Software and Services (CSS) and View Net. View Smart Building Platform is a platform that combines smart glass IGUs, the fabrication, unitization, and installation of the framing of those IGUs. View Smart Building Technologies includes View Immersive Experiences, View Sense, View Smart Protect, View Secure Edge, and View Remote Access, among others.