Vuzix Reports First Quarter 2020 Results and Business Outlook
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Vuzix Corp. (VUZI) Misses Q1 EPS by 2c, Revenues Miss
May 11, 2020 7:09 AM EDTVuzix Corp. (NASDAQ: VUZI) reported Q1 EPS of ($0.18), $0.02 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $1.53 million versus the consensus estimate of $1.96 million.
"In our first quarter of 2020, we received initial and subsequent follow-on orders for our M400 Smart Glasses from a growing number of customers and partners involved in telemedicine, which helped drive our M-Series Smart Glasses revenue up by 43% year-over-year," said Paul Travers, President and CEO of Vuzix. "We also had demonstrable success with our Engineering Services efforts by entering into an agreement with a... More
