Vuzix Corporation (NASDAQ:VUZI) is reporting second quarter financial results on Monday 10th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, VUZI is expected to report 2Q20 loss of $ 0.15 per share from revenue of $ 2.41 million.
For the full year, analysts anticipate top line of $ 10.50 million, while looking forward to loss of $ 0.58 per share bottom line.
Previous Quarter Performance
Vuzix Corporation outlined loss for the first quarter of $ 0.18 per share, from the revenue of $ 1.53 million. The quarterly revenues developed 2.68 percent compared with the same quarter last year. Street analysts expected Vuzix Corporation to report loss of $ 0.16 per share on revenue of $ 1.96 million for the first quarter. The bottom line results missed street analysts by $ 0.02 or 12.5 percent, at the same time, top line results fell short of analysts by $ 0.43 million or 21.94 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of VUZI was $ 4.00, representing a 365.12 % increase from the 52 week low of $ 0.86 and a 18.86 % decrease over the 52 week high of $ 4.93.
The company has a market capital of $ 157.23 million and is part of the Technology sector and Consumer Electronics industry.
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Conference Call
Vuzix Corporation will be hosting a conference call at 4:30 PM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.vuzix.com
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.
