Vuzix Corp reports results for the quarter ended June 30 - Earnings Summary

• Vuzix Corp VUZI.OQ reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -16 cents. The lone analyst forecast for the quarter was for a loss of 12 cents per share.

• Revenue rose 18.6% to $1.30 million from a year ago; analysts expected $1.63 million.

• Vuzix Corp's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $7.67 million.

• Vuzix Corp shares had fallen by 20.5% this quarter and lost 41.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

• Wall Street's median 12-month price target for Vuzix Corp is $3.00, about 22.7% above its last closing price of $2.32

This summary was machine generated from LSEG data August 14 at 08:28 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)