Vuzix Corp. (VUZI) Prelim. Q1 Revenue Tops Consensus

Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that first quarter 2023 sales of AR smart glasses were at a record level, driven by use for enterprise and medical applications. As a result, the Company has also announced that preliminary revenue for its first fiscal quarter of 2023 has surpassed $4.0 million, more than 60% ahead of the prior year's first quarter's revenues of $2.5 million.

(Consensus sees Q1 revenue of $3.71 million)

The Company's preliminary and unaudited financial revenue results and the related comparison to the prior year's period included in this release, are subject to the completion of the Company's financial close and other procedures and finalization. Accordingly, actual financial results to be reflected in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, may differ from the preliminary and unaudited revenue results presented herein.

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