trending Market Intelligence /marketintelligence/en/news-insights/trending/vw84zKRW7Ddj40cJ4Ce5tw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Vuzix Q1 loss narrows YOY

COVID-19 Impact & Recovery: Corporations


The Evolution of Cloud Banking: Successful Implementation & Frameworks


COVID-19 Impact & Recovery: Commercial Real estate


One Year After the COVID Crash: Assessing the Leveraged Loan Market

Vuzix Q1 loss narrows YOY

Vuzix Corp. said its first-quarter normalized net income amounted to a loss of 15 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 18 cents per share.

The per-share loss narrowed 37.5% year over year from 23 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.4 million, compared with a loss of $3.2 million in the prior-year period.

Total revenue declined 55.0% year over year to $363,840 from $809,160, and total operating expenses fell 9.5% from the prior-year period to $4.1 million from $4.5 million.

Reported net income came to a loss of $4.2 million, or a loss of 26 cents per share, compared to a loss of $5.4 million, or a loss of 40 cents per share, in the prior-year period.