Delivered initial Ultralite Pro units to Amazon for commercial testing; expanded M400 deployments, advanced Collins Aerospace rollouts, and shipped initial automaker waveguide systems.
Q2 results and cash position
Vuzix posted Q2 net loss of $7.7 million, or $0.09 per share, versus a loss of $0.10 per share a year earlier.
Revenue fell 14% year over year to $1.1 million, with product sales down 15% to $884,000.
Gross loss narrowed 15% to $645,000, while operating loss improved to $7.75 million.
Operating cash outflow widened to $6.6 million; cash totaled $17.3 million with no current or long-term debt.
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