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Vuzix 1Q22 results -3
16:20 10-May-22
Vuzix has issued its first quarter results:
- a loss of 16 cents per share misses by a penny
- from $2.5M of revenue, which misses by $0.9M
After all of management's talk about the pandemic producing
sustained change, the 36% YoY decline on the top line is
particularly damning. VUZI shares have already continued their
decline toward lows not seen since before the Wall St. hype
machine got involved. The conference call is at 4:30pm, but I do
not intend to write further.