Vuzix Q4 2022 Earnings Report

Vuzix EPS Results

• Actual EPS: -$0.17
• Consensus EPS: -$0.15
• Beat/Miss: Missed by -$0.02
• One Year Ago EPS: -$0.27

Vuzix Revenue Results

• Actual Revenue: $2.90 million
• Expected Revenue: $3.78 million
• Beat/Miss: Missed by -$880.00 thousand
• YoY Revenue Growth: -12.60%

Vuzix Announcement Details

• Quarter: Q4 2022
• Date: 3/1/2023
• Time: After Market Closes

Vuzix (NASDAQ:VUZI) designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company's products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines. It also provides certified ERP SaaS logistics solution to support hand-held mobile phones and scanners used in logistics, warehousing, and manufacturing applications. It holds approximately 375 patents and patents pending and various IP licenses in the fields of optics, head-mounted displays, and augmented reality Video Eyewear field. It sells its products through resellers, distributors, direct to commercial customers, and online stores, as well as various Vuzix operated web stores in North America, Europe, the Asia-Pacific, and internationally. The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in September 2007. Vuzix Corporation was incorporated in 1997 and is headquartered in West Henrietta, New York.