Vuzix (NASDAQ:VUZI) Announces Earnings Results

Vuzix (NASDAQ:VUZI) announced its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04), Zacks reports. The business had revenue of $1.27 million for the quarter, compared to analyst estimates of $1.53 million. Vuzix had a negative return on equity of 139.39% and a negative net margin of 1,437.17%.

Vuzix Stock Down 4.8 %

Shares of NASDAQ VUZI opened at $2.18 on Friday. The business’s 50 day moving average price is $3.53 and its two-hundred day moving average price is $2.42. The company has a market cap of $160.48 million, a PE ratio of -1.76 and a beta of 1.64. Vuzix has a twelve month low of $0.83 and a twelve month high of $5.79.

About Vuzix

Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.