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) 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.

Vuzix Announces Agreement with Verizon to Deliver Augmented Reality with 5G and Mobile Edge Compute

Products include personal display and wearable computing devices Used across multiple industries including medical and defense Holds 184 patents and patents pending and numerous IP licenses in the video eyewear field What Vuzix Corporation does: Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) is a leading supplier of smart glasses and augmented reality (AR) technologies and products for the consumer and enterprise markets. The company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and AR.

Vuzix has an eye on the future with its smart glasses and augmented reality technologies

Vuzix Corporation (NASDAQ:VUZI) announced that it has received a follow-up on an order and has delivered a new version of a customized commercial avionics waveguide-based head-mounted display (HMD) system to a global tier-1 aerospace firm.    The New York-based company said that the customized HMD waveguide and HD display engine development program with this customer has continued to expand and move toward production since it was first announced in 2018.

Vuzix delivers its latest pre-production units for waveguide-based head-mounted display to Tier-1 aerospace firm

ROCHESTER, N.Y., Dec. 23, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced it has received a follow on order for and delivered a new version of a customized commercial avionics waveguide-based head mounted display (HMD) system to global Tier-1 Aerospace firm.

Vuzix Delivers its Latest Pre-Production Units for Waveguide-Based HMD System to a Global Tier-1 Aerospace Firm

CNH Industrial NV

Vuzix Corporation (NASDAQ:VUZI) announced that Case NewHolland (CNH) Industrial has deployed Vuzix M400 smart glasses within its CNH de Brazil group, across CNH and Iveco brands for training its product dealers throughout Latin America. The Rochester, New York-based company said that the local Vuzix distributor TotalPower supplied CNH with Wi-Fi routers and software in addition to Vuzix smart glasses.

Vuzix says CNH Industrial has deployed its M400 smart glasses for training efforts

ROCHESTER, N.Y., Dec. 22, 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 CNH Industrial ("CNH"), a global leader in the capital goods sector with a wide range of products and a worldwide presence, has deployed Vuzix M400™ smart glasses within its CNH de Brazil group across its Case, NewHolland and Iveco brands for training their product dealers throughout Latin America.

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