The Latest Breaking News from Vuzix Corp

What's Happening With Vuzix Shares Rising Today?

Shares of several companies in the broader consumer discretionary sector, including Vuzix Corp (NASDAQ: VUZI), are trading higher as stocks rebound from recent weakness. Stocks have experienced volatility this year amid Fed policy tightening measures.

Benzinga · May 17, 2022

Vuzix Stock Slides After Reporting Q1 Below Street Expectation

Vuzix Corp (NASDAQ:VUZI) reported a first-quarter sales decline of 36.1% year-over-year to $2.5 million, missing the consensus of $3.4 million. The decrease reflected lower sales of Vuzix smart glasses products, a decline of 37% Y/Y. The gross margin contracted to 26% from 28% in 1Q21. The loss from operations widened to $10.41…

Benzinga · May 10, 2022