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

Vuzix

08/08/2023 23:02

* Vuzix Corp  VUZI.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 17 cents per share.
    * Revenue rose 55.9% to $4.69 million from a year ago;
analysts
expected $4.35 million. 
    * Vuzix Corp's reported EPS for the quarter was a loss of 14
cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Vuzix Corp shares had fallen by 4.7% this quarter and
gained 33.5% so far this year.
    * The company reported a quarterly loss of $9.04 million.
    * Wall Street's median 12-month price target for Vuzix Corp
is
$8.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.17          -0.14          Beat
 Mar. 31 2023      -0.15          -0.16          Missed
 Dec. 31 2022      -0.15          -0.17          Missed
 Sep. 30 2022      -0.15          -0.15          Met