Vuzix (NASDAQ:VUZI) Issues Quarterly Earnings Results

Vuzix (NASDAQ:VUZIGet Free Report) posted its earnings results on Thursday. The company reported ($0.16) EPS for the quarter, Zacks reports. The company had revenue of $2.00 million during the quarter. Vuzix had a negative return on equity of 51.52% and a negative net margin of 413.47%. During the same period in the previous year, the business posted ($0.16) earnings per share.

Vuzix Trading Up 2.6 %

NASDAQ VUZI traded up $0.03 during trading hours on Friday, hitting $1.20. 1,657,745 shares of the company’s stock traded hands, compared to its average volume of 700,192. Vuzix has a 52 week low of $1.10 and a 52 week high of $6.06. The firm has a market capitalization of $77.68 million, a P/E ratio of -1.52 and a beta of 1.86. The business’s fifty day moving average price is $1.34 and its two-hundred day moving average price is $1.86.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum reduced their price objective on Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th.

Check Out Our Latest Report on VUZI

Insiders Place Their Bets

In other Vuzix news, Director Timothy Heydenreich Harned acquired 20,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was purchased at an average price of $1.31 per share, with a total value of $26,200.00. Following the transaction, the director now directly owns 186,016 shares in the company, valued at approximately $243,680.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 42,000 shares of company stock worth $54,375. Company insiders own 8.20% of the company’s stock.

About Vuzix

(Get Free Report)

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.

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Earnings History for Vuzix (NASDAQ:VUZI)

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