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Vuzix says losses raise doubt about ability to continue as going concern
The Fly

Vuzix says losses raise doubt about ability to continue as going concern

According to a regulatory filing, Vuzix said that accompanying financial statements in its Form 10-K have been prepared assuming that the company will continue as a going concern. The company noted that it has suffered recurring losses from operations and has future cash requirements to fund operating losses. This raises substantial doubt about the company’s ability to continue as a going concern.

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