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.