Vuzix Corporation Intrinsic Value Calculation – VUZIX CORPORATION Reports Record Earnings Results for FY2023 Q3
November 21, 2023
🌥️Earnings Overview
On November 14 2023, VUZIX CORPORATION ($NASDAQ:VUZI) reported earnings results for the third quarter of FY2023, which ended on September 30 2023. Total revenue was USD 2.2 million, a decrease of 36.4% compared to the same period in the previous year. Net income for the quarter totaled at USD -11.0 million, compared to -9.5 million in the previous year.
Stock Price
On Tuesday, VUZIX CORPORATION reported record earnings results for their third quarter of fiscal year 2023. The stock opened at $2.1 and closed at $2.4, representing a 23.3% increase from the previous closing price of $1.9. In addition, VUZIX Corporation also announced plans to expand its product portfolio with new hardware and software solutions for consumer, enterprise, and industrial use. This is expected to further increase the company’s earnings potential in future quarters and help solidify its position as a leading AR technology provider. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vuzix Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 13.96 | -41.03 | -311.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vuzix Corporation. More…
| Operations | Investing | Financing |
| -26.72 | -23.41 | -2.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vuzix Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 100.99 | 5.31 | 1.51 |
Key Ratios Snapshot
Some of the financial key ratios for Vuzix Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.5% | – | -314.6% |
| FCF Margin | ROE | ROA |
| -341.2% | -27.6% | -27.2% |
Analysis – Vuzix Corporation Intrinsic Value Calculation
At GoodWhale, we have carefully analyzed the financials of VUZIX CORPORATION, and determined that the fair value of its share is around $8.4. We arrived at this figure using our proprietary Valuation Line, which takes into account various indicators including current market conditions and expected future performance. Based on our data, we believe that the current trading price of VUZIX CORPORATION stock ($2.4) is significantly undervalued by around 71.5%. This presents a great opportunity for investors who are looking to benefit from a potentially profitable investment. More…
Peers
The competition between Vuzix Corp and its competitors is fierce. Each company is fighting for market share and trying to differentiate themselves from the others. Anker Innovations Technology Co Ltd, VIZIO Holding Corp, and HTC Corp are all major players in the smart glasses market and are constantly trying to one-up each other.
– Anker Innovations Technology Co Ltd ($SZSE:300866)
Anker Innovations Technology Co Ltd is a Chinese consumer electronics company founded in 2011. It is headquartered in Shenzhen, Guangdong. The company specializes in manufacturing and selling mobile phone chargers, batteries, and other electronic accessories. As of 2022, Anker had a market capitalization of 24.15 billion US dollars and a return on equity of 12.73%.
– VIZIO Holding Corp ($NYSE:VZIO)
VIZIO is a California-based company that manufactures and distributes televisions and other electronics. As of 2022, it has a market capitalization of $1.93 billion and a return on equity of -8.09%. The company sells its products through retailers such as Best Buy, Costco, and Walmart.
– HTC Corp ($TWSE:2498)
HTC Corporation, formerly High Tech Computer Corporation, is a Taiwanese consumer electronics company headquartered in New Taipei City, Taiwan. Founded in 1997, HTC began as an original design manufacturer and original equipment manufacturer, designing and manufacturing laptop computers. In 1998, HTC started manufacturing handheld devices, and has since become the world’s largest manufacturer of Android smartphones. The company has a market cap of $43.45 billion as of 2022 and a return on equity of -6.75%. HTC designs, manufactures, and markets a range of smartphones and tablets under the HTC, HTC One, Desire, Butterfly, and Wildfire brands. The company also provides services for the development of mobile applications, as well as cloud services.
Summary
VUZIX CORPORATION reported financial results for FY2023 Q3, with a total revenue of USD 2.2 million and a net income of USD -11.0 million. The revenue was down by 36.4% compared to the same period the previous year, with the net income decreasing by 15.8%. The stock price moved up despite the poor financials, indicating that investors are optimistic of the company’s future prospects. Investors should conduct thorough research on the company to gain an informed perspective on whether to invest in VUZIX CORPORATION.
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