Vuzix (NASDAQ:VUZI) Issues Quarterly Earnings Results

Vuzix (NASDAQ:VUZI) issued its quarterly earnings results on Wednesday. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52), Zacks reports. Vuzix had a negative net margin of 502.48% and a negative return on equity of 56.58%. The business had revenue of $1.09 million during the quarter.

Vuzix Price Performance

Shares of VUZI traded down $0.09 during midday trading on Thursday, reaching $0.86. The stock had a trading volume of 2,289,134 shares, compared to its average volume of 754,630. Vuzix has a 1-year low of $0.83 and a 1-year high of $4.36. The company’s fifty day simple moving average is $1.27 and its two-hundred day simple moving average is $1.39. The company has a market cap of $55.60 million, a price-to-earnings ratio of -1.09 and a beta of 1.53.

Analyst Upgrades and Downgrades

Separately, Craig Hallum reduced their price objective on shares of Vuzix from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday.

Vuzix Company Profile

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, Europe, the Asia-Pacific, and internationally. It provides monocular smart glasses for enterprise, industrial, commercial, defense and security, and medical markets; Vuzix Z100, Vuzix Blade, and Vuzix Shield smart glasses; original equipment manufacturer waveguide optics and display engines; and Mobilium logistics mobility software, which removes traditional middleware, and supports various ERP systems and modern-day warehouse picking with wearable devices, as well as custom solutions and engineering solutions.