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Stock impact report

Vuzix Reports First Quarter 2024 Results [Yahoo! Finance]

Vuzix Corporation (VUZI) 
Last vuzix corporation earnings: 5/10 04:47 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.vuzix.com
Company Research Source: Yahoo! Finance
Reality (AR) technologies and products, today reported its first quarter results for the three months ended March 31, 2024 "In Q1 2024, Vuzix continued to work toward expanding and deepening relationships within the enterprise, consumer, and defense markets. An increasing number of potential customers are indicating they embrace the unique competitiveness of our solutions and our core technology and have confirmed their interest in implementing solutions using our technologies. At the same time, we have implemented and are taking further proactive measures to reduce our cost structure by up to 35% in the aggregate by the end of Q2 going forward, as measured against our 2023 comparable operating expenses," said Paul Travers , President and CEO of Vuzix. "Further investments in capital equipment and licenses have been scaled back by more than 90% as compared to comparable spending levels in the 2023 and 2022 fiscal years." The following table compares condensed elements of the Compa Show less Read more
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