Vuzix Reports Continued Smart Glasses Growth in 2Q21
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Vuzix Corp. (VUZI) Misses Q2 EPS by 4c
August 9, 2021 4:02 PM EDTVuzix Corp. (NASDAQ: VUZI) reported Q2 EPS of ($0.14), $0.04 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $2.92 million versus the consensus estimate of $4.33 million.
"2021 has thus far been, and will continue to be, a transformative year for Vuzix. We now have roughly $138 million of cash as of mid-year, have expanded our management, R&D and sales teams, established a new SaaS-based Integrated Solutions Business Unit, and are aggressively pursuing other strategic initiatives that will strengthen and extend our business model from one primarily focused on being an... More
