Vuzix reports weakeking sales and widening loss for 2022

9 March 2023

Vuzix, the U.S.-based manufacturer of AR smart glasses for professionals, has announced a 10 percent year-on-year revenue drop to $11.8 million for 2022. Beyond the challenging macroeconomic environment and supply chain issues, the decrease was attributed to a reduction in overall unit sales, higher discounts to resellers and negative currency ...

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