Vuzix Stock Stays Optimistic

Published by
ValueWalk

Augmented reality smart glass makerVuzix Corporation (NASDAQ:VUZI) stock has staged a rally off its lows of $3.88 but is starting to fall again. The Company had a challenging fiscal Q1 2022 as the macro problems from inflation, COVID-19 effects, supply chain and Russian conflict all indirectly led to the top-line shortfall. This was largely caused by timing issues with two key accounts for the quarter and an anomalous fiscal Q1 2021. Defense customers are driving higher demand and follow-on orders for display engines and head-worn waveguides. There were many developments on the OEM side that w…

Read More

See also  Gilbert Arenas Obliterates Kwame Brown In Instagram Rant: "You Were Booed By Every City You Played For... Them Fans Nicknamed You 'Boo Boo Brown'..."

Leave a Reply