Vuzix Q2 net loss $10.0M ($0.16/sh); revenue $3.0M (+3% YoY)

Vuzix Corp

2022-Q2 EPS reported -$0.32 revenue$5,510,810

Total revenue $3.008M vs $2.917M in Q2 2021; product sales $2.899M (+2%).
Gross profit $0.426M (14% margin) vs $0.579M (20%) a year ago; discounts and FX headwinds cited.
R&D expense $3.0M (+10% YoY); SG&A $1.9M (+37%) on headcount; G&A $5.0M (-3%).
Cash & equivalents $100.6M; working capital $109.1M; net cash ops loss $5.5M.
Management expects stronger second-half revenue from enterprise and OEM deployments.

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