Vuzix Corp reports results for the quarter ended in December - Earnings Summary

Vuzix

15/04/2024 22:41

* Vuzix Corp  VUZI.OQ  reported a quarterly adjusted loss
of 28
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -17
cents.  The mean expectation of three analysts for the quarter
was for a loss of 14 cents per share. Wall Street expected
results to range from -18 cents to -7 cents per share.
    * Revenue fell 63.2% to $1.07 million from a year ago;
analysts
expected $2.16 million. 
    * Vuzix Corp's reported EPS for the quarter was a loss of 31
cents​.
    * The company reported a quarterly loss of $19.88 million.
    * Vuzix Corp shares had risen by 1.7% this quarter and
lost 41.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for Vuzix Corp is
$3.50 
This summary was machine generated from LSEG data April 15 at
09:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.14          -0.28          Missed
 Sep. 30 2023      -0.15          -0.17          Missed
 Jun. 30 2023      -0.17          -0.14          Beat
 Mar. 31 2023      -0.15          -0.16          Missed