An investigation on behalf of investors in Vuzix Corporation (NASDAQ:VUZI) shares over potential wrongdoing at Vuzix Corporation was announced.
San Diego, CA -- (SBWIRE) -- 11/23/2020 -- An investigation on behalf of investors in shares of Vuzix Corporation (NASDAQ: VUZI) was announced over potential breaches of fiduciary duties by certain officers and directors at Vuzix Corporation.
Investors who purchased shares of Vuzix Corporation (NASDAQ: VUZI) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Vuzix Corporation (NASDAQ: VUZI officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
West Henrietta, NY based Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, the Asia-Pacific, Europe, and internationally. Vuzix Corporation reported that its annual Total Revenue declined from $8.09 million in 2018 to $6.67 million in 2019, and that its Net Loss increased from $21.85 million in 2018 to $26.47 million in 2019.
Shares of Vuzix Corporation (NASDAQ: VUZI) declined from $9.50 per share in early 2018 to as low as $1.03 per share in March 2020.
Those who purchased shares of Vuzix Corporation (NASDAQ: VUZI), have certain options and should contact the Shareholders Foundation.
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