Vuzix (NASDAQ:VUZI) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Vuzix (NASDAQ:VUZI) announced its earnings results on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04), Zacks reports. Vuzix had a negative net margin of 1,437.17% and a negative return on equity of 139.39%. The firm had revenue of $1.27 million during the quarter, compared to analyst estimates of $1.53 million.

Vuzix Stock Performance

Shares of Vuzix stock opened at $2.36 on Friday. The business’s 50 day simple moving average is $3.49 and its 200 day simple moving average is $2.43. Vuzix has a 52-week low of $0.83 and a 52-week high of $5.79. The firm has a market cap of $173.73 million, a PE ratio of -1.90 and a beta of 1.64.

About Vuzix

Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.