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Vuzix 2Q20 schedule and more ?3

10:11 28-Jul-20


Vuzix has scheduled its second quarter report to be given after market close on August 10th.  Average analyst estimates call for a loss of 14 cents per share from $2.6M of revenue, increasing to $2.9M this quarter.  That's not the sort of performance that justifies a doubling in stock price.  So despite macro tailwinds, VUZI being well off its highs at nearly $5, and myriad press releases about anything and everything that happens with its glasses, I may not write about the report separately, though I will certainly monitor it.

I'll also take a moment to document the 5-7 year renewal and upgrade of CenturyLink's services contract with the state of Arizona.  It's a positive, but an unquantified one.  I see the 3% gain in CTL so far as an indicator of how undervalued the stock has been.

Of most interest is the Fed not waiting for tomorrow to extend its lending programs to year-end, from the end of September.  It hasn't helped all that much in the real world and still won't, but it shows that the Fed is ready to man the printing presses to support the market in more ways than one.