Vuzix Reports First Quarter 2019 Results

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Go back to Vuzix Reports First Quarter 2019 Results

Vuzix Corp. (VUZI) Misses Q1 EPS by 5c, Revenues Miss

May 9, 2019 4:43 PM EDT

Vuzix Corp. (NASDAQ: VUZI) reported Q1 EPS of ($0.25), $0.05 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $1.37 million versus the consensus estimate of $1.49 million.

"As indicated on our year end results call, first quarter revenue was soft. This softness however in no way reflects the business opportunities before us. Our current pipeline, alongside the new agreements and partnerships we've struck thus far in 2019, will show, very shortly, the robust growth at hand here for Vuzix," said Paul Travers, President and CEO of Vuzix. "On the... More