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Recap: Vuzix Q1 Earnings

Shares of Vuzix (NASDAQ:VUZI) fell 11.6% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 28.00% year over year to ($0.18), which missed the estimate of ($0.16).

Benzinga · 05/11/2020 11:56

Shares of Vuzix (NASDAQ:VUZI) fell 11.6% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 28.00% year over year to ($0.18), which missed the estimate of ($0.16).

Revenue of $1,532,000 higher by 11.58% year over year, which missed the estimate of $1,960,000.

Guidance

Vuzix hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 11, 2020

Time: 07:03 PM ET

Webcast URL: https://hd.choruscall.com/InComm/?callme=true&passcode=13668266&h=true&info=company&r=true&B=6

Technicals

Company's 52-week high was at $5.00

52-week low: $0.86

Price action over last quarter: Up 134.95%

Company Overview

Vuzix Corporation is a manufacturer of consumer electronic products. The company is engaged in the design, manufacture, marketing, and sale of wearable display devices, that are generally worn like eyeglasses, and are also referred to as head mounted displays, in the form of Augmented Reality glasses. Its products provide the user with a virtual viewing experience that emulates viewing a large screen television or desktop computer monitor. Geographically, the company has a business presence in the United States, Japan, France, Singapore, Germany, United Kingdom and Other countries, of which key revenue is derived from the United States. The product lines of the company include Smart Glasses and iWear Video Headphones Sales, OEM Product Sales, Waveguide Sales, and Engineering Services.