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

Vuzix

10/05/2023 22:02

* Vuzix Corp  VUZI.OQ  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 15 cents per share.
    * Revenue rose 67.4% to $4.19 million from a year ago;
analysts
expected $3.70 million. 
    * Vuzix Corp's reported EPS for the quarter was a loss of 16
cents​.
    * The mean earnings estimate of analysts had risen by
about 6.3%
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 risen by 8.9% this quarter and
gained 23.9% so far this year.
    * The company reported a quarterly loss of $10.24 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 May
10 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.15          -0.16          Missed
 Dec. 31 2022      -0.15          -0.17          Missed
 Sep. 30 2022      -0.15          -0.15          Met
 Jun. 30 2022      -0.15          -0.16          Missed