Vuzix (NASDAQ:VUZI) Posts Earnings Results, Misses Estimates By $0.02 EPS

Vuzix (NASDAQ:VUZI) announced its earnings results on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.02), Fidelity Earnings reports. Vuzix had a negative net margin of 291.85% and a negative return on equity of 78.94%. The business had revenue of $1.16 million for the quarter.

VUZI stock traded down $0.12 during midday trading on Friday, reaching $2.18. The stock had a trading volume of 384,500 shares, compared to its average volume of 480,315. The company’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $2.51. The company has a current ratio of 4.73, a quick ratio of 1.96 and a debt-to-equity ratio of 0.01. The company has a market cap of $82.71 million, a price-to-earnings ratio of -2.56 and a beta of 1.51. Vuzix has a 52-week low of $1.77 and a 52-week high of $6.20.

A number of research analysts have recently issued reports on the company. ValuEngine upgraded Vuzix from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research lowered Vuzix from a “hold” rating to a “sell” rating in a report on Saturday, September 7th.

Vuzix Company Profile

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.

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Earnings History for Vuzix (NASDAQ:VUZI)

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