View Discloses December 31, 2021 Cash Balance of $281 Million and Expects to Improve Cash Burn Through 2022
March 07 2022 - 7:00AM
View, Inc. (NASDAQ: VIEW), the leader in smart building
technologies, today announced its cash balance of $281 million as
of December 31, 2021 with no substantial debt on the balance sheet.
View expects to improve cash burn through 2022 on higher volumes
and revenues combined with associated improvements in operational
efficiencies.
Forward-Looking Statements
This press release and certain materials View files with the
SEC, as well as information included in oral statements or other
written statements made or to be made by View, other than
statements of historical fact, contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 as amended, including statements regarding
expected improvements in cash expenditures, higher volumes,
revenues and operational efficiencies. These forward-looking
statements are based on current expectations, estimates,
assumptions, projections, and management’s beliefs, that are
subject to change. There can be no assurance that these
forward-looking statements will be achieved; these statements are
not guarantees of future performance and are subject to certain
risks, uncertainties and other factors, many of which are beyond
View’s control and are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements. View’s business
is subject to a number of risks which are described more fully in
View’s definitive proxy statement filed with the SEC on
February 16, 2021, as amended on February 23, 2021, which
is incorporated by reference into its Current Report on
Form 8-K filed on March 12, 2021. View undertakes no
obligation to update forward-looking statements to reflect events
or circumstances after the date hereof.
About View
View is the leader in smart building technologies that transform
buildings to improve human health and experience, reduce energy
consumption and carbon emissions, and generate additional revenue
for building owners. View Smart Windows use artificial intelligence
to automatically adjust in response to the sun, eliminating the
need for blinds and increasing access to natural light. Every View
installation includes a cloud-connected smart building platform
that can easily be extended to reimagine the occupant experience.
View is installed and designed into more than 90 million square
feet of buildings including offices, hospitals, airports,
educational facilities, hotels, and multi-family residences. For
more information, please visit: www.view.com.
For further information:
Investors: Samuel
MeehanView, Inc. IR@View.com408-493-1358
View (NASDAQ:VIEW)
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