trending Market Intelligence /marketintelligence/en/news-insights/trending/RfGhfI8Wz0qu7tjLjmlnbw2 content esgSubNav
In This List

Vuzix Q4 loss narrows YOY

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE


Vuzix Q4 loss narrows YOY

Vuzix Corp. said its normalized net income for the fourth quarter came to a loss of 14 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 14 cents per share.

The per-share loss narrowed 61.3% year over year from 35 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.2 million, compared with a loss of $3.9 million in the year-earlier period.

Total revenue decreased 35.8% year over year to $542,640 from $845,810, and total operating expenses grew 43.5% on an annual basis to $3.8 million from $2.6 million.

Reported net income totaled a loss of $3.9 million, or a loss of 24 cents per share, compared to a loss of $6.3 million, or a loss of 57 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 54 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 76 cents.

EPS was a loss of 46 cents in the prior year.

Normalized net income was a loss of $8.4 million, compared with a loss of $4.9 million in the prior year.

Full-year total revenue decreased 9.3% year over year to $2.7 million from $3.0 million, and total operating expenses rose 75.7% on an annual basis to $14.1 million from $8.0 million.

The company said reported net income came to a loss of $14.9 million, or a loss of 97 cents per share, in the full year, compared with a loss of $7.9 million, or a loss of 75 cents per share, the prior year.