Vuzix Result 13/05/2015

Vuzix Corporation says that in Q1, the company narrowed its net loss to $5.1 million from $6.6 million in the first quarter of last year, while turnover rose 1% to $809,155 from $798,418 a year earlier. Vuzix saw an increase in product sales in Q1, primarily due to growing sales of its M100 smartglasses which increased 56% over the comparable period of 2014. During the quarter, M100 sales to Lenovo China represented approximately one-third of total M100 product sales.