View, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 05:27 pm EST
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View, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 38.22 million compared to USD 23.76 million a year ago. Revenue was USD 38.22 million compared to USD 23.76 million a year ago. Net loss was USD 213.05 million compared to USD 82.07 million a year ago. Basic loss per share from continuing operations was USD 53.06 compared to USD 22.93 a year ago. Diluted loss per share from continuing operations was USD 53.06 compared to USD 22.93 a year ago.
For the nine months, sales was USD 84.6 million compared to USD 57.09 million a year ago. Revenue was USD 84.6 million compared to USD 57.09 million a year ago. Net loss was USD 336.7 million compared to USD 247.32 million a year ago. Basic loss per share from continuing operations was USD 84.54 compared to USD 69.21 a year ago. Diluted loss per share from continuing operations was USD 84.54 compared to USD 69.21 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.