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Vuzix 2Q21 results -3
16:17 09-Aug-21
Vuzix has reported its second quarter results:
- a loss of 14 cents per share misses by 4 cents
- from $2.9M of sales, which misses by $1.4M
Management's outlook for the year remains positive and it says it
has the "most competitive" product on the market. I agree, and
still wouldn't touch the stock anywhere near the current price.
Total sales actually declined year over year, due to less
engineering services. Product sales only grew 21%, yet the VUZI
shares are 3x the price. They haven't traded yet aftermarket, but
the bid and ask are already lower. The conference call is at
4:30pm, but I am unlikely to write about it.