Vuzix Reports Record Smart Glasses Revenues and Provides Business Outlook
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Vuzix Corp. (VUZI) Tops Q2 EPS by 2c, Sales Beat
August 10, 2020 4:10 PM EDTVuzix Corp. (NASDAQ: VUZI) reported Q2 EPS of ($0.13), $0.02 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $3.04 million versus the consensus estimate of $2.41 million.
"Our second quarter revenue grew 39% over the comparable 2019 period and 98% sequentially from our first quarter to $3.0 million as our enterprise business continued to expand at an accelerated pace and engineering services sales doubled to $0.7 million versus the comparable 2019 period. The worldwide coronavirus outbreak has impacted the day-to-day operations of our enterprise customers across numerous market verticals and this has accelerated the enterprise adoption of our... More
