Vuzix Corp. (OTCBB:VUZI) Can’t Quite Find Its Direction

[[tagnumber 0]][[tagnumber 1]]There is no doubt that Vuzix Corp. (OTCBB:VUZI) is the real deal. The company has several products that it has been selling for years, generating solid revenues, but it just can’t manage to operate at a profit.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It seems, however, that the company stock can’t attract a lot of investor attention, as the daily dollar volumes are generally low, while the percentile movements in price aren’t that significant. The ticker has also had it rough in the second half of September, in which it lost a quarter of its value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the balance sheet of the company is pretty decent and considering that it has a market cap of $30 million we can say that [[tagnumber 10]]VUZI [[tagnumber 11]]is probably one of the rare companies in the OTC markets that are worth taking a look at.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Here is what the report for the second quarter of the year had to show.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 19]] [[tagnumber 20]]cash: $1.97 million[[tagnumber 21]] [[tagnumber 20]]current assets: $3.11 million[[tagnumber 21]] [[tagnumber 20]]total assets: $4.84 million[[tagnumber 21]] [[tagnumber 20]]current liabilities: $3.11 million[[tagnumber 21]] [[tagnumber 20]]total liabilities: $13.31 million[[tagnumber 21]] [[tagnumber 20]]quarterly revenues: $723 thousand[[tagnumber 21]] [[tagnumber 20]]quarterly operating loss: $925 thousand[[tagnumber 21]] [[tagnumber 34]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]While the ticker has been sliding recently it is apparent that investors rely on positive news. A press release from Friday that announced the release of two new apps for [[tagnumber 10]]VUZI’s [[tagnumber 11]]smart glasses made some impact as the ticker made its biggest percentile movement in quite a while.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The volume was not so significant, but the 9.49% gain that [[tagnumber 10]]VUZI [[tagnumber 11]]experienced brought the stock to the $3 mark. A total of 44 thousand shares were traded during the sessions, which constituted for a small $130 thousand dollar volume. Monday wasn’t so gentle and [[tagnumber 10]]VUZI [[tagnumber 11]]dropped 3.33%, closing at $2.90 per share, despite the reminder of recent progress.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As of the writing of this article, the company stock has once again crossed the $3 per share barrier, currently sitting at $3.05. Still, the movement of [[tagnumber 10]]VUZI [[tagnumber 11]]remains inconsistent and it is always a good thing to do your due diligence and weigh out the risks before investing, even when we are looking at a pretty solid enterprise.[[tagnumber 2]]