Vuzix losses stabilize in Q2 despite 50 percent revenue drop

Smart eyewear manufacturer Vuzix has reported a 52.2 percent year-on-year decrease in total revenue for Q1 2024, mostly due to a drop in product sales and in particular the company’s M400 smart glasses. However, sharp reductions in R&D investments, marketing and administrative expenses resulted in the stabilization of the group’s ...

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