Vuzix

Vuzix Corp. is a supplier of Smart-Glasses and Augmented Reality technologies and products for the consumer and enterprise markets. Its products include personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays and augmented reality. The firm also holds 246 patents and patents pending and numerous IP licenses in the Video Eyewear field. It has offices in Rochester, NY, Oxford, UK, and Tokyo, Japan. The company was founded by Paul J. Travers in 1997 and is headquartered in West Henrietta, NY.

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Vuzix reports robust Q1 performance, eyes record revenues in 2023

Vuzix's strong Q1 2023 performance, driven by record smart glasses sales, positions the company for continued growth and record revenues for the year.
Despite a net loss, Vuzix maintains a healthy financial position with no debt and significant cash reserves, enabling future investments and growth initiatives.
The company's focus on expanding sales channels, partnerships, and innovative products like the Ultralite platform presents promising opportunities for revenue growth.
Challenges lie in achieving profitability amidst competition, but Vuzix's strong IP portfolio, operational investments, and upcoming product launches offer avenues for success.

Vuzix reports robust Q2 growth, eyes OEM expansion and AI applications

Vuzix's Q2 performance reflects strong revenue growth, improved profitability, and a robust balance sheet, setting the stage for future expansion.
The company's strategic focus on AI applications, global sales expansion, and OEM products align with industry trends and growth opportunities.
While challenges exist in transitioning to an OEM-centric model and maintaining margins, Vuzix's market positioning and product innovation offer avenues for sustained success.

Vuzix faces Q3 sales challenges but eyes growth opportunities

Vuzix is navigating challenges with cost reductions and operational realignment.
Despite setbacks, the company remains confident in growth opportunities and profitability.
Strong focus on key markets and technological advancements drive Vuzix's future.

Vuzix reports mixed financials for 2023 amidst strategic innovation

Vuzix's financial performance in 2023 showed revenue growth but with significant operational challenges, emphasizing the need for continued cost management.
The company's focus on innovation, cost-cutting, and strategic opportunities signals a proactive stance towards navigating market dynamics and driving growth.
Vuzix's position in the AR smart glasses market, highlighted by CEO Paul Travers, underscores its commitment to technological advancement and market leadership.

Vuzix reports $2M revenue in Q1 2024, focuses on smart glasses solutions

Vuzix's Q1 2024 performance showcased revenue growth and a strategic focus on smart glasses solutions.
While facing challenges in deployment and consumer adoption, the company remains optimistic about future prospects.
Financial stability, cost reduction measures, and market strategies position Vuzix for growth opportunities ahead.

Vuzix (VUZI) Q2 2024 Earnings: Cost Optimization Amid Revenue Challenges

Vuzix is navigating a period of lower revenues by implementing cost-saving measures and focusing on breakeven margin alignment. With a strong IP portfolio and strategic partnerships in the pipeline, the company is poised for growth in the smart glasses market.

Vuzix reports Q3 revenue decline, eyes growth through strategic partnerships

Vuzix's Q3 2024 performance reflects challenges in revenue generation and profitability, despite efforts to reduce operating expenses and enhance operational efficiency.
The company's strategic strengths lie in its focus on AR and AI Smart Glasses, strategic partnerships, and market expansion into diverse sectors.
Opportunities for Vuzix include leveraging strategic partnerships, advancing technology, exploring new markets, and optimizing cash flow to drive growth and competitiveness.

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ROCHESTER, N.Y. , Dec. 18, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that it has entered into an agreement with Augmex, a one-stop-shop solutions provider for increasing productivity with smart glasses.

Vuzix Receives Initial Volume Smart Glasses Order from Augmex

Vuzix is positioned to lead the smart glasses revolution, tapping into the $5 billion wearable tech market with cutting-edge waveguide optics and AI-driven potential. Strategic partnerships with major players like Quanta and Thales validate Vuzix's manufacturing capabilities and expansion into high-margin industries. The smart glasses market is set to explode, with growing adoption across industries such as defense, healthcare, and entertainment, creating massive growth opportunities for Vuzix.

Vuzix: Positioned As The Go-To OEM Supplier For The Exploding Smart Glasses Market

ROCHESTER, N.Y. , Dec. 2, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has expanded its deployment of Vuzix M400™ smart glasses after placing a follow-on order for additional devices, all equipped with subscription-based Zoom licenses to support their goal of boosting operational efficiency and safety during field inspections and service activities.

U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) Expands Its Deployment of Vuzix M400 Smart Glasses

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ROCHESTER, N.Y. , Nov. 25, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce the receipt of a six-figure revenue production order for customized waveguides to enable a lightweight heads-up display (HUD).

Vuzix Receives Production Order for Customized Waveguides from a Major Defense Customer

ROCHESTER, N.Y., Nov. 20, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and augmented reality (AR) technology and products, today announced the general availability of Vuzix Z100™ smart glasses, priced at just $499. The Z100 smart glasses provide users with the heads-up information display they expect from an everyday wearable. Vuzix Z100 pairs seamlessly via Bluetooth to Android and IOS smart phones that are running the newly-upgraded Vuzix Connect mobile application version 1.7, which pushes real-time information to the glasses, including notifications, updates, and messaging.

Vuzix Announces General Availability of Z100 Smart Glasses

Certification of leading mobile device management (MDM) solution will allow Vuzix customers to manage and secure their M400 and M4000 AR smart glasses from one central location ROCHESTER, N.Y. , Nov. 18, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that its industry-leading M-series AR smart glasses have now been certified for use with Microsoft Intune, a leading cloud-based Mobile Device Management (MDM) solution.

Vuzix M-Series Smart Glasses Now Certified for Use with Microsoft Intune

Vuzix Corporation (NASDAQ:VUZI ) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants Ed McGregor - Director, Investor Relations Paul Travers - President and Chief Executive Officer Grant Russell - Executive Vice President and Chief Financial Officer Operator Greetings and welcome to the Vuzix Second Quarter for the Period Ending September 30th, 2024 Financial Results and Business Update Call. At this time, all participants are in a listen-only mode.

Vuzix Corporation (VUZI) Q3 2024 Earnings Call Transcript

ROCHESTER, N.Y. , Nov. 14, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies, today reported its financial results for the third quarter ended September 30, 2024, and provided updates on its strategic progress.

Vuzix Reports Third Quarter 2024 Results

ROCHESTER, N.Y. , Nov. 4, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its third quarter 2024 operating results at 4:30 PM Eastern Time (ET), November 14, 2024.

Vuzix Schedules Conference Call to Discuss Third Quarter 2024 Financial Results and Business Update

ROCHESTER, N.Y. , Oct. 28, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI/AR smart glasses, technologies and optical components, is pleased to announce that the Company will be attending and presenting at the ThinkEquity Conference 2024, being held at the Mandarin Oriental Hotel in New York City on October 30, 2024.

Vuzix to Discuss Its Industry-Leading Waveguide and AI/AR Smart Glasses Solutions at the ThinkEquity Conference 2024

ROCHESTER, N.Y. , Oct. 14, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that it is releasing  for general availability a full final version of the Android™ 13 mobile operating system for its flagship M400™ enterprise smart glasses, underscoring the Company's firm commitment to device security and meeting customer needs.

Vuzix Announces Android 13 Upgrade and Support for Its Industry-Leading M400 Enterprise Smart Glasses

- Partnership and strategic $20 million investment by Quanta Computer with the first $10 million received; focused on manufacturing waveguides at scale and developing AI smart glasses for the broad markets. - Vuzix waveguide technology continues to lead and is the core of AI smart glasses.

Vuzix Shareholder Letter Highlights Key Developments that Position the Company for Significant Market Success

ROCHESTER, N.Y. , Sept. 26, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), a leading supplier of smart glasses and Augmented Reality (AR) technology, today announced an expanded focus on OEM partnerships and waveguide manufacturing following its recent strategic investment by Quanta Computer Inc., a global ODM leader.

Vuzix Targets Additional OEM Business Opportunities on the Heels of Its Recently Announced Strategic Partnership and Investment

Quanta investment part of a total $20 million strategic investment agreement to support the expansion of Vuzix' leading-edge waveguide production capabilities and joint development of new AR/AI smart glasses technologies ROCHESTER, N.Y. , Sept. 16, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that it has completed the closing of the first investment tranche, for the sale of $10 million in common stock at $1.30 per share, under its previously announced September 3, 2024 purchase agreement with Quanta Computer Inc. "Feedback thus far from both our investors and potential industry partners and customers since our prior September 3 rd announcement has been very positive," said Paul Travers, President and CEO of Vuzix.

Vuzix Receives $10 Million First Tranche Investment from Quanta Computer

Vuzix to receive a $20 million dollar investment in 3 tranches from Quanta Computer, one of the world's largest ODMs Quanta investment to support the expansion of Vuzix' leading-edge waveguide production capabilities and joint development of new AR/AI smart glasses technologies ROCHESTER, N.Y. , Sept. 3, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce Quanta Computer Inc. (TWSE: 2382.TW), ("Quanta"), a global Fortune 500 company and worldwide leading Original Design Manufacturer (ODM), has entered into a $20 million three-tranche strategic investment in Vuzix consisting of common and preferred stock of Vuzix.

Quanta Computer Enters into a Strategic Investment in Vuzix in Support of Long-Term Waveguide Design and Supply Partnership

Vuzix (VUZI) announces that its Z100 Smart Glasses have been selected by GPS Tuner to use in heads-up augmented reality display for eBike users to enhance safety.

Vuzix's (VUZI) Smart Glasses to Power AR-Based Safety Solution

ROCHESTER, N.Y. , Aug. 16, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced that its Z100 smart glasses have been selected by GPS TUNER, a leader in white label eMobility software solutions, to bundle as a heads-up AR display compliment to the apps they offer and sell to eBike global manufacturers and their end-users.

GPS TUNER Selects Vuzix (NASDAQ:VUZI) Z100 Smart Glasses to Bundle as a Heads-Up Display for Their eBike Software Offerings

Vuzix (VUZI) announces the use of a micro-touch manufacturing technique to reduce distortion and enable the company to use more delicate material in its production process.

Vuzix (VUZI) Applies New Technique in Production Process

Vuzix Corporation (NASDAQ:VUZI ) Q2 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants Ed McGregor - Director, Investor Relations Paul Travers - Chief Executive Officer Grant Russell - Chief Financial Officer Conference Call Participants Matt VanVliet - BTIG Tyler Burmeister - Craig-Hallum Capital Group Operator Greetings, and welcome to the Vuzix Second Quarter for the Period Ending June 30, 2024 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode.

Vuzix Corporation (VUZI) Q2 2024 Earnings Call Transcript

ROCHESTER, N.Y. , Aug. 14, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the three months ended June 30, 2024.

Vuzix Reports Second Quarter 2024 Results

New manufacturing process enables higher yields, increased optical performance and the use of high index polymer or glass substrates ROCHESTER, N.Y. , Aug. 13, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that it has developed a new micro-touch manufacturing technique within its optical waveguide fabrication processes, an advancement that will allow for better optical performance, higher yields and greater unit production rates in general.

Vuzix (NASDAQ: VUZI) Employs New Micro-touch Imprinting Process to Increase Optical Waveguide Performance and Production Throughput

New solution features operating temperatures down to -20°C and comes with 1-year access to the most popular collaboration tools for remote workers ROCHESTER, N.Y. , Aug. 12, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced the introduction of M400 Xtreme smart glasses, a new kit that incorporates numerous advancements to its already widely adopted M400, and features the new Xtreme Weather power bank, a lightweight, long lasting battery that, just like the main M400 Xtreme, is IP67-rated against dust and water intrusion and operates at temperatures ranging from -20°C to 45°C (-4°F – 113°F).

Vuzix (NASDAQ: VUZI) Introduces M400 Xtreme Smart Glasses for Use in a Variety of Harsh Workplace Environments

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ROCHESTER, N.Y. , Aug. 1, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its second quarter 2024 operating results at 4:30 PM Eastern Time (ET), August 14, 2024.

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