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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VUZI:
- Options Volatility and Implied Earnings Moves Today, April 15, 2024
- Options Volatility and Implied Earnings Moves This Week, April 15 – April 19, 2024
- VUZI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Vuzix receives additional orders from two aerospace and defense firms
- Vuzix announces reseller agreement with Purview Services