Vuzix Announces its Third Quarter 2018 Financial Results and Delivers Year-Over-Year Revenue and Operating Performance Improvements

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Go back to Vuzix Announces its Third Quarter 2018 Financial Results and Delivers Year-Over-Year Revenue and Operating Performance Improvements

Vuzix Corp. (VUZI) Tops Q3 EPS by 1c

November 8, 2018 4:12 PM EST

Vuzix Corp. (NASDAQ: VUZI) reported Q3 EPS of ($0.19), $0.01 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $1.9 million versus the consensus estimate of $2.96 million.

Management Commentary

"We achieved our third period of year-over-year top-line growth this quarter and our nine-month revenues for 2018 have already surpassed our total for all of 2017," said Paul Travers, President and CEO of Vuzix. "Our M300 Smart Glasses new customer pilot count has now expanded to over 1,000 and with more pilots converting into deployments, leading to repeat orders, and we are now beginning... More