Vuzix Reports Record Smart Glasses Revenues and Provides Business Outlook

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Go back to Vuzix Reports Record Smart Glasses Revenues and Provides Business Outlook

Vuzix Corp. (VUZI) Misses Q3 EPS by 1c, Revenues Miss

November 9, 2020 4:43 PM EST

Vuzix Corp. (NASDAQ: VUZI) reported Q3 EPS of ($0.13), $0.01 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $2.78 million versus the consensus estimate of $3.16 million.

"Our third quarter 2020 revenue grew 140% over the comparable 2019 period largely due to our core enterprise smart glasses business. The worldwide coronavirus outbreak has impacted the day-to-day operations of many enterprise customers across numerous market verticals, including healthcare, manufacturing, logistics and field service, and has furthered adoption and overall acceptance of smart glasses within business operations. We delivered a record $2.7 million of Vuzix smart glasses in the... More