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Vuzix (VUZI) Q1 2021 Earnings Call Transcript

Operator Greetings, and welcome to the Vuzix first quarter ending March 31, 2021, financial results and business update conference call. [Operator instructions] As a reminder, this call is being recorded. Now, I would like to turn the call over to Ed McGregor, director of investor relations at Vuzix. Mr. McGregor, you may begin. Director of Investor Relations Good afternoon, everyone, and welcome to the Vuzix first quarter ending March 31 financial results and business update conference call. With us today are Vuzix s CEO, Paul Travers; and CFO, Grant Russell. Before I turn the call over to Paul, I would like to remind you that on this call, management s prepared remarks may contain forward-looking statements, which are subject to risks and uncertainties, and management may make additional forward-looking statements during the question-and-answer session. Therefore, the company claims the protection of the safe harbor for forward-looking statements that are contained in the Priva

FTSE 100 lower with Scottish Mortgage trust leading the retreat as enthusiasm for tech stocks wanes

Follow John on: FTSE 100 lower with Scottish Mortgage trust leading the retreat; Wall Street mixed as Dow crosses 35K Tech shares appear to be out of fashion this week, as the US Nasdaq gave up more than 1% The FTSE 100 down 6 points Tech stocks out of favour Centricafriendless after downbeat trading update 12.05pm: Major diversion among US indices as midday The FTSE 100 ended down 6 points at 7,124, while the FTSE 250 lost 78 points, 0.3%, to close at 22,697. Sterling traders seem unperturbed by the prospect of the UK economy moving into another period of political uncertainty, as the elections put the SNP’s independence plan back on the agenda, IG Chief Market Analyst Chris Beauchamp wrote.  An attritional battle through the courts to decide on the legality of a referendum seems likely, taking some of the shine off the prospects for the UK economy. Nonetheless, with the dollar now finding it harder to rally in the wake of the non-farms report it looks like sterling c

FTSE 100 lower with Scottish Mortgage trust leading the retreat; Wall Street mixed as Dow crosses 35K

Follow John on: FTSE 100 lower with Scottish Mortgage trust leading the retreat; Wall Street mixed as Dow crosses 35K Tech shares appear to be out of fashion this week, as the US Nasdaq gave up more than 1% The FTSE 100 down 6 points Tech stocks out of favour Centricafriendless after downbeat trading update 12.05pm: Major diversion among US indices as midday The FTSE 100 ended down 6 points at 7,124, while the FTSE 250 lost 78 points, 0.3%, to close at 22,697. Sterling traders seem unperturbed by the prospect of the UK economy moving into another period of political uncertainty, as the elections put the SNP’s independence plan back on the agenda, IG Chief Market Analyst Chris Beauchamp wrote.  An attritional battle through the courts to decide on the legality of a referendum seems likely, taking some of the shine off the prospects for the UK economy. Nonetheless, with the dollar now finding it harder to rally in the wake of the non-farms report it looks like sterling c

Dow takes a dive in final hours to join Nasdaq in the red

Dow takes a dive in final hours to join Nasdaq in the red The Dow had been up more than 275 points early Monday afternoon but closed down 35 4:09pm: Alphabet and Facebook fall on Citigroup downgrades Despite crossing the 35,000 threshold and gaining more than 275 points earlier in the Monday session, the Dow torpedoed as the day waned to end down 35 points, 0.1%, at 34,743. The Nasdaq lost 350 points, 2.6%, to 13,402, and the S&P 500 gave up 44 points, 1%, to 4,188. Alphabet Inc (NASDAQ:GOOG) shares fell more than 2% to $2,342, and Facebook Inc (NASDAQ:FB) stock slipped more than 4% to $305.97 after Citigroup analysts downgraded both companies to Neutral ratings.

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