trending Market Intelligence /marketintelligence/en/news-insights/trending/xvfeYdL7lJMSyPBO1bV4kg2 content esgSubNav
In This List

Vuzix Q2 loss widens 70.8% YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Vuzix Q2 loss widens 70.8% YOY

Vuzix Corp. said its normalized net income for the second quarter was a loss of 16 cents per share, compared with a loss of 9 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.6 million, compared with a loss of $1.5 million in the year-earlier period.

Total revenue increased 31.1% on an annual basis to $560,880 from $427,810, and total operating expenses climbed 71.1% on an annual basis to $4.4 million from $2.6 million.

Reported net income came to a loss of $4.5 million, or a loss of 28 cents per share, compared to a loss of $2.8 million, or a loss of 17 cents per share, in the prior-year period.