Vuzix Corporation (NASDAQ:VUZI) is expected to report third quarter earnings results, after market close, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.12 per share.
Looking ahead, the full year loss are expected at $ 0.54 per share on the revenues of $ 11.58 million.
Previous Quarter Performance
Vuzix Corporation announced loss for the second quarter of $ 0.13 per share, from the revenue of $ 3.04 million. The quarterly revenues gained 38.81 percent compared with the same quarter last year. According to street consensus, VUZI was expected to report 2Q20 loss of $ 0.15 per share from revenue of $ 2.41 million. The bottom line results beat street analysts by $ 0.02 or 13.33 percent, at the same time, top line results outshined analysts by $ 0.63 million or 26.14 percent.
Stock Performance
On Friday, shares of Vuzix Corporation has traded high as $ 4.07 and has cracked $ 3.93 on the downward trend, reaching $ 3.93 with volume of 723.80 thousand shares.
According to the previous trading day, closing price of $ 3.93, representing a 369.77 % increase from the 52 week low of $ 0.86 and a 23.92 % decrease over the 52 week high of $ 5.31.
The company has a market capital of $ 167.62 million and is part of the Technology sector and Consumer Electronics industry.
Conference Call
Vuzix Corporation will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.vuzix.com
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.
