The one available analyst rating on the shares is "buy"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Vuzix Corp is $6.00, about 129% above its August 12 closing price of $2.62
Q2 revenue falls, loss narrows slightly
US smart glasses supplier's Q2 revenue fell 14% yr/yr, product sales down 15%
Q2 net loss narrowed slightly, loss per share improved to $0.09 from $0.10
Company invested in waveguide plant and manufacturing to improve throughput and cycle times
Result drivers and enterprise deployments
R&D SPENDING - Higher research and development costs driven by new product development and increased headcount, per company
WAVEGUIDE INVESTMENT - Co invested in waveguide plant and manufacturing equipment to improve throughput and support more programs
ENTERPRISE DEPLOYMENTS - Initial Ultralite Pro glasses delivered to Amazon for testing; expanded M400 deployments and initial waveguide systems delivered to enterprise customers
Company sees momentum in AI-based smart glasses
Vuzix says demand for AI-based smart glasses continues to gain momentum across enterprise and OEM markets
VUZI•
