Vuzix Stock Stays Optimistic

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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…

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