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Vuzix 1Q21 results and Orbital schedule -4

16:59 10-May-21


Vuzix has released its first quarter results:
VUZI shares have lost almost half their value over the past month, including the current 7% after hours decline.  As I've pointed out before, the company seems better at selling shares than smart glasses.  As a result, though Vuzix now has $145M ($2.68/share) on the balance sheet, but the share count has ballooned to over 54M from 33M a year ago.  The conference call is underway, and I am listneing.  Management plans to spend more, but is still pursuing orders that top out in the hundreds, or thousands of units.  I am unlikely to write further.

Although I also have no intention of investing in OEG, I will probably give a little more attention to Orbital Energy Group's report, which has just been scheduled for a week from today, on the morning of May 17th.  The average of estimates from 3 analysts covering the company comes to a loss of 15 cents per share from $15.5M of revenue, more than doubling ot $35.7M this quarter.  The company seems to have support from a government that has no qualms about picking winners and losers, and that should provide an interesting look into development plans as the economy reopens.