Vuzix Reports FY 2018 Revenue Increase of 46% over 2017

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Go back to Vuzix Reports FY 2018 Revenue Increase of 46% over 2017

Vuzix Corp. (VUZI) Misses Q4 EPS by 4c, Revenues Miss

March 15, 2019 6:45 AM EDT

Vuzix Corp. (NASDAQ: VUZI) reported Q4 EPS of ($0.22), $0.04 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $1.98 million versus the consensus estimate of $3.38 million.

4Q2018 Highlights and Developments

Total revenue for the fourth quarter ending December 31, 2018 increased 24% year-over-year.Smart Glasses revenue for Q4-18, including Toshiba Smart Glasses, increased 33% year-over-year.Gross profit of $0.3 million versus a prior period loss of $0.3 millionM300XL enterprise smart glasses... More