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Vuzix Corporation (VUZI)
:VUZI
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.32Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 188.89%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced outlook for Vuzix, with significant strategic partnerships and cost reductions offsetting the challenges of declining revenue and increased gross loss. The company's focus on OEM and consumer markets, along with reduced operating expenses, indicates a potential for future growth despite current financial hurdles.Company Guidance
In the Vuzix Q3 2024 earnings call, significant guidance was provided regarding the company's strategic direction and financial performance. Vuzix emphasized its transition towards OEM markets, bolstered by a $20 million investment from Quanta Computer, with the first $10 million tranche already received. The company reported a 36% decrease in total revenues to $1.4 million, attributed to lower Smart Glass product sales and reduced engineering services revenues. Despite this, Vuzix achieved a 28% reduction in quarterly cash operating expenses to $4.8 million, extending its financial runway. The cash position stood at $14.3 million, with no debt obligations, supported by a recent $10 million investment. Vuzix is focusing on scaling its Waveguide production to meet growing demand from defense and OEM clients, anticipating significant revenue growth through strategic partnerships and market expansion. The call highlighted ongoing efforts to position Vuzix as a leader in the AR and AI Smart Glasses market, with a focus on OEM opportunities and expanding consumer adoption through collaborations with global fashion brands.Strategic Partnership with Quanta Computer
Quanta's $20 million investment in Vuzix, with $10 million already received, aimed at revolutionizing the AR industry and expanding the production of waveguides for AI-driven Smart Glasses.
Reduction in Cash Operating Expenses
Achieved a 28% year-over-year reduction in quarterly cash operating expenses, down to $4.8 million, through targeted cost reduction initiatives.
Strengthened Presence in Defense and Industrial Sectors
Expanded partnerships, such as with Thales, to deliver high-margin, mission-critical AR solutions.
Waveguide Manufacturing Capabilities
Vuzix's manufacturing facility is positioned to supply millions of units per year, with low production costs and scalable capacity.
Expanding Consumer and OEM Markets
Transitioning focus from enterprise to consumer markets, leveraging partnerships with major OEMs and fashion brands for scalable AR solutions.
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VUZI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VUZI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.08 | $0.91 | -15.74% |
| Aug 14, 2024 | $0.95 | $0.86 | -9.47% |
| May 09, 2024 | $1.17 | $1.20 | +2.56% |
| Apr 15, 2024 | $1.23 | $1.20 | -2.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vuzix Corporation (VUZI) report earnings?
Vuzix Corporation (VUZI) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Vuzix Corporation (VUZI) earnings time?
Vuzix Corporation (VUZI) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VUZI EPS forecast?
VUZI EPS forecast for the fiscal quarter 2024 (Q4) is -0.12.
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