🔴 Vuzix is trading 7.2% down in pre-market after revenue missed forecasts

Vuzix is trading 7.2% down at $2.86 after investors continued weighing weak second-quarter revenue.

• Revenue fell 14% year over year to $1.1 million, substantially below the $2.49 million forecast; the adjusted loss of $0.09 per share beat expectations by one cent.
• Shares also faced pressure from the broader technology sell-off, with the sector down 1.52% pre-market.
• Management highlighted Amazon testing and longer-term AI and OEM opportunities, while near-term weakness, continued losses, and cash burn appear to dominate sentiment.