Vuzix (NASDAQ:VUZI) Releases Quarterly Earnings Results, Misses Estimates By $0.52 EPS

Vuzix (NASDAQ:VUZI) issued its quarterly earnings data on Wednesday. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52), Zacks reports. Vuzix had a negative return on equity of 56.58% and a negative net margin of 502.48%. The business had revenue of $1.09 million for the quarter.

Vuzix Price Performance

Shares of VUZI stock traded down $0.09 on Thursday, hitting $0.86. The stock had a trading volume of 2,289,134 shares, compared to its average volume of 754,630. The company’s 50 day moving average price is $1.27 and its 200-day moving average price is $1.39. Vuzix has a 1 year low of $0.83 and a 1 year high of $4.36. The firm has a market capitalization of $55.60 million, a P/E ratio of -1.09 and a beta of 1.53.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lowered their price objective on shares of Vuzix from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday.

Vuzix Company Profile

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, Europe, the Asia-Pacific, and internationally. It provides monocular smart glasses for enterprise, industrial, commercial, defense and security, and medical markets; Vuzix Z100, Vuzix Blade, and Vuzix Shield smart glasses; original equipment manufacturer waveguide optics and display engines; and Mobilium logistics mobility software, which removes traditional middleware, and supports various ERP systems and modern-day warehouse picking with wearable devices, as well as custom solutions and engineering solutions.