Why Vuzix Stock Plunged Today

·2 min read
Why Vuzix Stock Plunged Today

Shares of Vuzix (NASDAQ: VUZI) have plunged today, down by 10% as of 11 a.m. EDT, after the company reported first-quarter earnings. The results were mixed relative to analyst expectations, while the company continues to ramp shipments of its smart glasses. Revenue in the first quarter was $3.9 million, slightly ahead of the consensus estimate of $3.83 million in sales.