Vuzix reports Q3 EPS (17c), consensus (15c)

Reports Q3 revenue $2.18M, consensus $4.73M. “Despite the delays of certain enterprise and OEM customer orders, which resulted in our third quarter sales falling short of expectations, we see underlying momentum across both our enterprise and OEM businesses. We continue to see an influx of customer interest in our smart glasses products, as well as a growing number of OEM customer requests, all of whom are interested in our waveguide and display engine solutions for defense, aviation and consumer AR solutions. The growth of interest for our OEM services and components has fueled momentum in our OEM order book as we strive to convert pipeline opportunities to booked business. We ended the third quarter with a record $3.2 million of current OEM projects yet to be completed, which should positively impact our future financial results,” said Paul Travers, President and CEO.