Silicon Valley-based smart window company View Inc. has announced its financial results for the first quarter 2021.
“In the first quarter of 2021, we saw continued increase in market adoption of our products. We are also experiencing an increase in activity as our customers start preparing to return to a more normal course of business later this year,” says Dr. Rao Mulpuri, chairman and CEO of View.
According to its financial statement, the company saw and improvement from the fourth quarter of 2020 due to production efficiencies. Given the results of the first quarter of 2021, View expects revenues for full year 2021 to be in the range of $70 to $80 million.
Additionally, the company completed its initial public offering, raising gross proceeds of $815.2 million and is now trading on the NASDAQ under the ticker “VIEW.”
These results come days after the company announced a new $26 million project in collaboration with Walmart. View will provide one of the largest installations of dynamic smart glass for the new Walmart home office campus in Bentonville, Ark.