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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Vuzix Corporation (NASDAQ:VUZI) announced that it has contracted Base Logistics to provide third-party logistics support for the expansion of the company's European operations and business needs.  Base Logistics is a Netherlands-based global asset-light provider of integrated transport and warehouse management services.

Vuzix partners with Netherlands-based logistics company to support its growing European business

ROCHESTER, N.Y., Feb. 9, 2022 /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 has contracted Base Logistics, a Netherlands-based global asset-light provider of integrated transport and warehouse management services, to provide third-party logistics support for the expansion of the Company's European operations and business needs.

Vuzix Expands its Logistics Operations in Europe to Support its Growing European Business

Vuzix Corporation (NASDAQ:VUZI) announced that its smart glasses have started to support Microsoft Endpoint Manager to manage devices that run on Android Open-Source Project (AOSP).  The Rochester, New York-based company said that Microsoft Endpoint Manager has the ability to manage devices that run on AOSP, a solution that quickly solved the problems of many of Vuzix's enterprise-level customers.

Vuzix says its smart glasses now support Microsoft Endpoint Manager for streamlining device onboarding

ROCHESTER, N.Y., Jan. 20, 2022 /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 smart glasses now support Microsoft Endpoint Manager to manage devices that run on Android Open-Source Project (AOSP).

Vuzix Smart Glasses Now Supports Microsoft Endpoint Manager to Streamline Device Onboarding and Provisioning for Microsoft Teams

Vuzix and AMA Strengthen Strategic Partnership to Address the Future of the Deskless Workforce

Vuzix Corporation (NASDAQ:VUZI) has appointed business operations, manufacturing, and technology veteran Pete Jameson to the open role of chief operating officer (COO).  In a statement, the developer of Smart Glasses said Jameson joined Vuzix in January 2021, serving as general manager until this appointment.

Vuzix Corporation names Pete Jameson chief operating officer

ROCHESTER, N.Y., Jan. 11, 2022 /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 has appointed business operations, manufacturing, and technology veteran Pete Jameson to the open role of Chief Operating Officer (COO).

Vuzix Appoints Pete Jameson to the Role of Chief Operating Officer

ROCHESTER, N.Y., Jan. 10, 2022 /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 be participating in the following upcoming virtual investor conferences in January.

Vuzix to Discuss the Metaverse and its Augmented Reality Smart Glasses Solutions at Two Upcoming Investor Conferences

Vuzix Corporation (NASDAQ:VUZI) has announced a collaboration with Fielmann Group, one of the largest manufacturers of glasses and eyewear products in the world, and TeamViewer, an AR productivity solution platform provider and Vuzix value-added reseller. Hamburg, Germany-based Fielmann currently supports over 11,000 enterprise customers and provides individual workstation and protection glasses, as well as hearing protection, to over 100,000 employees across Europe.

Vuzix collaborates with European optical giant Fielmann and TeamViewer to support enterprise personnel

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ROCHESTER, N.Y., Jan. 5, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced a collaboration with the Fielmann Group, one of the largest optical groups worldwide and market leader in Central Europe, and TeamViewer, an AR productivity solution platform provider and Vuzix value-added reseller (VAR).

Vuzix Collaborates with European Optical Group Fielmann and TeamViewer to Support the Enterprise Workforce

Vuzix Corporation (NASDAQ:VUZI) announced that it has introduced the Vuzix M400-C smart glasses, the latest edition to its M-Series smart glass family. The company told its investors that it has shipped its limited initial production units to a Windows computer manufacturer.

Vuzix launches M400-C as new addition to its M-Series smart glasses

Vuzix Corporation (NASDAQ:VUZI) revealed that the company's smart glasses are now in initial deployment in over 40 warehouses to support a Fortune 50 online retailer's supply chain operations following the successful completion of a proof-of-concept that was completed earlier last year in one warehouse. "Across the board, Vuzix is investing time and resources to support our largest customers within the retail, warehousing and logistics vertical that have come to Vuzix with specific use cases and operational challenges that they would like to solve with smart glasses," Vuzix founder CEO Paul Travers said in a statement.

Vuzix smart glasses in use at over 40 European warehouses of a Fortune 50 online retailer to support their supply chain operations

ROCHESTER, N.Y., Jan. 3, 2022 /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 company's Smart Glasses are now in initial deployment in over 40 warehouses to support a Fortune 50 online retailer's  supply chain operations following the successful completion of a proof-of-concept (POC) that was completed earlier last year in one warehouse.

Vuzix Smart Glasses Now in Use in Over 40 European Warehouses of a Fortune 50 Online Retailer to Support Their Supply Chain Operations

Vuzix's stock price has dropped over 70% from its all-time highs.

Can 2022 Be the Year for This Smart Glasses Company?

Verizon

Verizon Communications Inc 5.9 % Notes 2014-15.2.54 Sr

Vuzix will aim to leverage Verizon's (VZ) 5G and edge computing technologies for AR experience in its Shield smart glass.

Verizon (VZ) Partners Vuzix to Power AR in Sports & Gaming

Vuzix Corporation (NASDAQ:VUZI) announced that NEC Solution Innovators Ltd has specified the use of Vuzix M400 Smart Glasses for its NeoFace KAOATO Facial Recognition System. NEC Solution Innovators is a Japanese multinational information technology and electronics company and leading system integrator.

Vuzix says Japanese multinational NEC Solution Innovators will use M400 Smart Glasses for its facial recognition system

ROCHESTER, N.Y., Dec. 29, 2021 /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 NEC Solution Innovators Ltd.

NES Specifies Vuzix M400 Smart Glasses for its NeoFace KAOATO Facial Recognition System

Vuzix Corporation (NASDAQ:VUZI) revealed that it won and delivered a follow-on smart glasses order valued at over $400,000 to a large global retailer to support the solution's full deployment at its first facility to support the customer's warehousing and logistics needs. The Rochester, New York-based company noted that the pandemic has continued to create “global supply uncertainties, disruptions, and inflationary forces” which are forcing companies to better manage their supply chains.

Vuzix delivers big follow-on smart glasses order to Fortune 50 retailer to support its warehousing and logistics operations

ROCHESTER, N.Y., Dec. 28, 2021 /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 Company has received and delivered a follow-on smart glasses order valued at over $400,000 to a large global retailer to support the solution's full deployment at its first facility to support the warehousing and logistics needs of this customer.

Vuzix Receives and Delivers Significant Follow-on Smart Glasses Order to Fortune 50 Global Retailer to Support Warehousing and Logistics Operations

The shares of Vuzix Corp   (NASDAQ:VUZI) are up 1.7% at $9.42 this afternoon, after the company announced a partnership with Verizon (VZ) for its augmented reality (AR) device.

Options Bulls Blast Vuzix Stock on Verizon Partnership

Vuzix Corp (NASDAQ: VUZI) forged an agreement with Verizon Communications Inc (NYSE: VZ) to leverage the power of Verizon's 5G and edge computing technologies to deliver a first-of-its-kind augmented reality experience for sports and gaming. Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products.

Vuzix Partners With Verizon 5G For AR Experience

Vuzix Corp (NASDAQ: VUZI) is trading higher Monday after the company announced that it entered into an agreement with Verizon Communications Inc (NYSE: VZ). Through the agreement, Vuzix aims to leverage the power of Verizon's 5G and edge computing technologies to deliver an augmented reality experience for sports and gaming.

Why Vuzix Shares Are Rising Today

Vuzix Corporation (NASDAQ:VUZI) said it has struck an agreement with Verizon Communications Inc to leverage the power of Verizon's 5G and edge computing technologies to deliver a first-of-its-kind augmented reality experience for sports and gaming. The Rochester, New York-based company said the agreement between Vuzix and Verizon will focus on the technology advancement and commercialization aspects of delivering immersive augmented reality training experiences powered by Verizon's 5G Ultra Wideband service and edge compute platform and Vuzix Shield smart glasses, a CES 2022 Innovation Awards honoree.

Vuzix strikes agreement with Verizon to deliver augmented reality with 5G and Mobile Edge Compute

ROCHESTER, N.Y., Dec. 27, 2021 /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 Company has entered into an agreement with Verizon to leverage the power of Verizon's 5G and edge computing technologies to deliver a first-of-its-kind augmented reality experience for sports and gaming.

News for Vuzix Stock (VUZI)