Vuzix Corporation (VUZI) saw its loss widen to $4.18 million in the quarter ended compared with $3.78 million a year ago.

Revenue during the quarter surged 232.75 percent to $1.21 million from $0.36 million in the previous year period. Gross margin for the quarter period stood at positive 12.29 percent as compared to a negative 65.73 percent for the previous year period.

Operating loss for the quarter was $4.03 million, compared with an operating loss of $3.70 million in the previous year period.

"2017 is off to strong start at Vuzix after achieving $1.2 million in sales for the first quarter, which easily exceeded any of our previous quarters since we sold our military division in 2012," said Paul Travers, president and chief executive officer of Vuzix. "We continue to prioritize improving our gross margins and full product commercialization of our waveguide technologies for our products and potential OEMs. The recent addition of Paul Boris, as our chief operating officer (COO) will have an immediate positive impact on our sales and manufacturing efforts at Vuzix as we scale our business for immediate and future growth. With over $10.4 million in cash and equivalents as of March 2017, the strong interest in our smart glasses and their growing adoption puts the Company on a path towards significant growth in 2017."