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Vuzix Financial Results for April to June 2021

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Have you ever heard of the U.S. stock, Vuzix (ticker symbol: VUZI)?

It is a long-established smart glasses specialist.

In this article, I will introduce the company’s financial results for the period from April to June 2021, which were announced on August 9, 2021.

Financial Results for April to June 2021

EPS: -14¢ vs. -10¢ expected.

Net sales of $2.92 million vs. forecast of $4.33 million.

Sales growth was -4.0% YoY.

Gross profit was $579,000. The same period last year was $796,000.

The gross profit margin was 20%. In the same period last year, it was 26%.

Research and development expenses were $2,701,000. R&D expenses were $2,701,000 compared to $1,796,000 in the same period last year.

SG&A expenses were $4.75 million. SG&A expenses were $4.75 million, compared to $1.8 million in the same period last year.

Operating expenses were $8.74 million. Operating expenses were $8.74 million, compared to $5.03 million in the same period last year.

Net income was -$8.78 million. Net income was -$8.78 million compared to -$4.23 million in the same period last year.

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