View Inc (NASDAQ: VIEW) sees a Path Forward and Trading 37% Higher

(24/7 Market News) View Inc (NASDAQ:VIEW) is trading higher, at $1.74, a gain of $0.48 (+37.40%), on over 19 million shares traded, after yesterday’s post market conference call to discuss its 2021 annual results. The volume remains strong, so, if it can consolidate at, or near, this level it may try to make a run at its $1.98 session high.

While View reported record revenues of $74 million, up 125% year-over-year and exceeding its previous $65-70 million guidance range. However, its cost of revenues grew to $195 million, a 61% year-over-year increase.

The call’s highlight may have been that, after not filing a quarterly or annual report in a year, the Nasdaq agreed to allow View to remain listed on their exchange, provided that View files its outstanding reports by June 30. View stated, in their release, that it plans to meet the deadline.

View said that the filing delays were due to inaccuracies that the company found in its previous filings and has been reexamining its accounting and preparing to restate its past reports.

Once the financial reports are up to date, View plans to raise additional capital, as its voracious burn rate risks eating through the Company’s remaining capital in 2023.

The Company expects $100-110 million in full year 2022 revenues.

24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.