Vuzix Corporation (VUZI)

[growacet]

Oh well, maybe they're losing more than $2 million p/mth

I figured dilution was coming, but I thought it would come later...after the PPS got pumped back over $5 or maybe $6....

https://seekingalpha.com/pr/17560312-vuzix-announces-20-million-registered-direct-offering

Based on 2018 results and the loss of about $24 million, that equates to $2 million p/mth. Up to March 31st they had ~$10 million left....if they'd been maintaining that burn rate at ~$2 million p/mth I figured they'd still have enough cash to last through July and into August....

I think its possible they're losing more money so far in 2019 than last year though. $20 million less fees isn't a lot of money though, might be another pump to cash up some more I think.