| Over a week ago | ||||
View announced that it… View announced that it intends to offer, subject to market conditions and other factors, up to $150M aggregate principal amount of senior convertible notes in one or more private transactions. View is currently in discussions with its existing noteholders and institutional investors. | ||||
| Over a month ago | ||||
Reports Q4 revenue $44.2M… Reports Q4 revenue $44.2M vs. $28.4M last year. "The View team delivered a record year in 2022, achieving $100 million revenue for the first time in the Company's history," said Dr. Rao Mulpuri, CEO of View. "This is a significant milestone not only for View but for the industry's continued march towards more sustainable and healthier buildings. We are redoubling our focus to achieve our profitability milestones and have taken proactive measures to reduce our structural costs while benefiting from economies of scale as we continue to grow the business." | ||||
In a regulatory filing,… In a regulatory filing, the company states: "On March 27, 2023, the Board of Directors of the Company approved a restructuring plan to reduce structural costs, including with respect to the Company's workforce. Pursuant to the Plan, the Company expects to decrease overall headcount by approximately 170 employees, which represents approximately 23% of full-time employees as of March 28, 2023. The reduction in workforce is expected to be substantially implemented in March 2023. The implementation of the Plan is expected to reduce expenses by approximately $23 million over the next 12 months. All employees affected by the reduction in workforce will be eligible to receive, among other things, severance payments based on the applicable employee's level at the Company and the continuation of benefits for a specified time period post-termination. Each affected employee's eligibility for severance benefits is contingent upon such employee's execution of a separation agreement, which includes a general release of claims against the Company. The Company expects to incur a one-time charge of approximately $5 million in the first quarter of 2023 related to the Plan, consisting primarily of one-time severance payments upon termination of the employees impacted by the reduction in workforce and continued benefits for a specific period of time with related cash payments expected to be substantially paid out by April 30, 2023. The Company expects such payments to be the only direct expense of the Plan. The Company does not expect to recognize a stock-based compensation expense for impacted employees related to vested awards and does not anticipate modifying the affected employees' stock awards in a manner that would result in additional expenses." | ||||
View announced its Smart… View announced its Smart Windows will enclose the Phase I buildings of Hamilton Green, a large-scale, mixed-use property being developed by RXR, located in White Plains, NY. "We released several exciting new features on the View Smart Window platform that elevate the residential user experience," noted Dr. Rao Mulpuri, CEO of View. "Residents continue to seek differentiated assets that offer high-end amenities with unique experiences, and RXR is at the forefront of this generational change as exhibited with the Hamilton Green development. We are pleased to be a part of this project, our largest residential installation to date, as View continues its national expansion throughout the multifamily sector." | ||||
View announced its Smart… View announced its Smart Windows have been selected for Phase II of the Charlotte Douglas International Airport CLT Concourse A expansion. This is the company's second project at CLT, following Phase I's installation of View Smart Windows in 2018, which saw the windows featured throughout the Concourse A Connector and Gates A21-29. CLT, one of the nation's busiest airports welcoming nearly 48 million passengers in 2022, is implementing a multi-phase capital improvement plan for Concourse A to reinvent the travel experience for visitors. Designed by C Design and Perkins & Will, Phase II is a 189,000-square-foot expansion that will add ten gates and three levels. All Phase II gates and levels will feature View Smart Windows, optimizing the amount of natural light and reducing heat, glare, and energy consumption throughout the concourse. | ||||
| Over a quarter ago | ||||
View announced View Smart… View announced View Smart Building Cloud has been certified as an Accredited Data Provider by RESET, recognizing the quality of data and integrations provided by View's platform that enable View's customers to achieve RESET air quality certifications. "Air and environmental quality data is critical to View's mission of improving the health and experience of building occupants. Our Smart Building Cloud platform enables us to achieve this mission," said Nitesh Trikha, Chief Product Officer of View. "The RESET accreditation further confirms the benefits of our platform and provides our customers with the assurance that their environmental monitoring is of the highest standards in the industry." RESET's Data Platform Accreditation means that View's systems can collect and organize data with the structure, resolution, and frequency required to meet the RESET Air Building Standards. | ||||
View, Inc. announced that… View, Inc. announced that on February 13, the company received a notice from the listing qualifications staff of Nasdaq stating that the company was not in compliance with Nasdaq Listing Rule 5450(a)(1) because the bid price for the Company's common stock had closed below $1.00 per share for the previous 30 consecutive business days. | ||||
View unveiled its new… View unveiled its new extensive Smart Windows installation this week at the recently completed 350,000-square-foot expansion of Terminal 5 at Chicago's O'Hare International Airport, ORD. The Terminal 5 expansion includes several new gates and two new lounges with View Smart Windows. "This project sets the standard for sustainable, passenger-centric airport design," said Dr. Piers MacNaughton, VP of Institutional Business at View Inc. "We are proud to contribute to O'Hare's sustainability initiatives and make a good first impression of Chicago for the millions of passengers that travel through Terminal 5 each year." | ||||
Arden Group announced… Arden Group announced that its new mixed-use building will feature smart windows from View. The 20-story building is under development at 4650 Broadway in the Inwood section of Manhattan. The new property, which spans 351,000 square feet, will include 222 residential units upon completion, in addition to 120,000 square feet of commercial and community spaces. View Smart Windows are being installed throughout the building as a premium amenity for its tenants. "Forward-thinking developers like Arden are recognizing that View's smart building technology attract residential tenants and transform the occupant experience," added Dr. Rao Mulpuri, CEO of View. "Our expansion into the multifamily sector continues to grow, particularly in a post-pandemic market, where amenities that promote tenant wellness are more important than ever. This new project with Arden also indicates that the Investment Tax Credit is driving the adoption of smart windows." | ||||
Nightingale Properties… Nightingale Properties and Real Estate Equities Corporation announced their new 10-story, 160,000-square-foot office development in uptown Manhattan's Harlem market, will feature Smart Windows from View. The Labs on 121, located at 2226 Third Avenue, marks the second partnership between View and Nightingale, following the 111 Wall Street office redevelopment with InterVest Capital Partners. | ||||
