Future OutlookThe outlook for the next two quarters has been meaningfully muted given the delays in larger orders and final contracts being consummated.
Revenue And Earnings4Q23 total revenue of $1.1M, down 63% y/y, was below the estimate of $2.3M, and EBIT loss of ($20.4M) was wider than the estimate of ($11.2M), partially due to a 1x impairment charge.
Sales PerformanceSmart glasses unit sales again declined, larger opportunities are taking longer to materialize from pilot or initial order phases to more widespread adoption.