VUZIX CORP (OTCBB:VUZI) updates the shareholders and investors about its financial performance during the last three months ended June 30, 2013. The company earned total revenues of $0.70 million. The revenues were almost the same during first quarter i.e. $0.73 million.
VUZI paid $0.42 million on research and development and $0.89 million in the selling general and administrative expenses. The operating loss of the company was much higher that past few quarters that is $1.10 million. The net loss of the company is $1.67 million.
Vuzix Corporation designs, manufactures, markets, and sells products to be used in industries like defence, media and entertainment and consumer markets. The company produces video eyewear products for tactical, training and educational, general entertainment, virtual reality, and augmented reality applications purposes.
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