Over 1 Year Ago
1 Min Read
VUZI is making big moves today. Find out why the stock is trading 20% higher:
Vuzix Corp (VUZI) is trading 20% higher at $9.82 today.
- Q2 EPS of $-0.16, which was 6.67% below the estimated earnings onTuesday
- Vuzix invested in growing revenue through new products and services despite initial plans to focus on reducing sales and marketing expenses
- 3. CEO Paul Travers cited "competitive dynamics" in the market but he remains confident about the future
- Analysts moved up their stock price by 4% following Tuesday's earnings report due to this optimism
Vuzix Corp has been trading between a 52-week high of $16.2 and a 52-week low of $3.88. The stock has a market cap of $625 Million.
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 179 patents and patents pending and numerous IP licenses in the Video Eyewear field.
Headlines
Vuzix (VUZI) Q2 2022 Earnings Call Transcript
The Motley Fool 08-10-22
Vuzix: Q2 Earnings Insights
Benzinga 08-09-22
Vuzix Corporation (VUZI) CEO Paul Travers on Q2 2022 Results - Earnings Call Transcript
Seeking Alpha 08-09-22
Vuzix Corp. Reports In-Line Q2 EPS By Investing.com
Investing.com 08-09-22
Vuzix Corporation 2022 Q2 - Results - Earnings Call Presentation (NASDAQ:VUZI)
Seeking Alpha 08-09-22
Recommended Articles
