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.

Earnings data Q4 2020

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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.

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Vuzix Corporation said it has signed a distribution agreement with Acuraflow, a developer and deployer of sustainable management solutions, and has received an initial order for its Smart Glasses. The Rochester, New York-based company said Acuraflow, which serves the oil and gas, chemical, mining, utilities, automotive, pharmaceutical and food and beverage sectors, will distribute Vuzix Smart Glasses across multiple industry verticals.

Vuzix signs distribution agreement with Acuraflow and receives initial Smart Glasses order.

ROCHESTER, N.Y., Sept. 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 it has signed a distribution agreement with Acuraflow, a developer and deployer of sustainable management solutions, and has received an initial order from them for Smart Glasses.

Vuzix Signs Distribution Agreement with Acuraflow and Receives Initial Smart Glasses Order

Vuzix Corporation announced that its Latin America distributor KTI Ingeniería has expanded its distribution of Vuzix Smart Glasses to leading Chilean companies. Some of the companies using the Smart Glasses include names like CMPC, Difor, FCAB, Komatsu, Molycop, SQM and Statkraft, according to Rochester-based Vuzix.

Vuzix says it is getting positive feedback on its Smart Glasses from a growing number of leading Chilean companies

ROCHESTER, N.Y., Sept. 23, 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 Latin America distributor KTI Ingeniería ("KTI") has brought Vuzix Smart Glasses to a growing list of Chilean companies across multiple industry verticals, particularly in the highly populated and industrialized Biobío region.

KTI Ingeniería Expands Deployment of Vuzix Smart Glasses Throughout Chile

Vuzix Corporation, a leading supplier of smart glasses and Augmented Reality technology, announced it has received a follow-on order for its flagship Vuzix M400 Smart Glasses from a Fortune 50 customer to support its supply chain operations. The Rochester, New York-based company said that global supply uncertainties, disruptions, and inflationary forces are driving companies of all sizes to better manage their supply chain complexities.

Vuzix receives follow-on order from Fortune 50 customer to support supply chain operations

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Smart glasses firm Vuzix Corporation is working with Verizon's video conferencing arm BlueJeans to expand the power of BlueJeans running on Vuzix's glasses by tapping into Verizon's 5G network and mobile edge computing. Vuzix says deploying BlueJeans at the edge lets networks execute more compute-intensive workloads, allowing the mobile end point to provide video conferencing […]

Vuzix, Verizon, Partner on BlueJeans Smart Glasses

Vuzix Corporation, a leading supplier of Smart Glasses and Augmented Reality (AR) technology products, said its Vuzix M400 Smart Glasses were recently featured in a clinical pilot study that examined the accuracy of the Pixee Medical Knee + augmented reality navigation in performing Total Knee Arthroplasty (TKA).  The preliminary results of the study, which were highlighted in the Journal of Experimental Orthopaedics, found that the “Knee + system is accurate and effective to perform TKA, and that translation from pilot study to high-level prospective studies is warranted to assess accuracy and cost-effective analysis compared to conventional techniques".

Vuzix reports a clinical pilot study confirms the accuracy of Pixee Medical's Knee+ Solution using Vuzix M400 Smart Glasses

ROCHESTER, N.Y., Sept. 17, 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 Vuzix M400 Smart Glasses were recently featured in a clinical pilot study that examined the accuracy of the Pixee Medical Knee + augmented reality navigation in performing Total Knee Arthroplasty (TKA).

Clinical Pilot Study Confirms the Accuracy and Effectiveness of Pixee Medical's Knee+ Solution Using Vuzix M400 Smart Glasses for Total Knee Arthroplasty

Vuzix Corporation has announced that BlueJeans by Verizon is currently piloting an industry-first approach for boosting service delivery, reliability, and quality by tapping into Verizon's 5G network and the power of Mobile Edge Computing -- expanding the potential use cases and overall performance of BlueJeans running on Vuzix Smart Glasses. By deploying BlueJeans at the edge, Vuzix said networks are able to execute more of the compute-intensive workloads, freeing the mobile endpoint to deliver a truly unique video conferencing experience without being weighed down by traditionally burdensome processing tasks such as virtual backgrounds and immersive presentation.

Vuzix teams up with Verizon to deliver BlueJeans optimized for 5G edge computing to customers

ROCHESTER, N.Y., Sept. 16, 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 BlueJeans by Verizon is currently piloting an industry-first approach for boosting service delivery, reliability, and quality by tapping into the benefits of Verizon's 5G network and the power of Mobile Edge Computing (MEC), expanding the potential use cases and overall performance of BlueJeans running on Vuzix Smart Glasses.

Vuzix Teams up with Verizon to Deliver BlueJeans Optimized for the 5G Mobile Edge to Customers

Vuzix Corporation said it received an order for its Vuzix Smart Glasses from CAMtria, a wholesale distributor providing the latest solutions and services and exceptional partner experiences to resellers and retailers throughout Canada. The deal follows a recent agreement with Netherlands-based distribution company Capestone, its first stocking order for Vuzix Smart Glasses, which also builds on its  position in Europe.

Vuzix expands its presence across Canada with CAMtria order

ROCHESTER, N.Y., Sept. 14, 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 it has received an order from CAMtria, a wholesale distributor providing the latest solutions and services and exceptional partner experiences to resellers and retailers throughout Canada.

Vuzix Receives Order from CAMtria and Further Expands its Presence Across Canada

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ROCHESTER, N.Y., Sept. 10, 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 Vuzix President and Chief Executive Officer Paul Travers is scheduled to participate in a virtual fireside chat at the Citi 2021 Global Technology Conference on September 15 at 8:50 a.m.

Vuzix to Discuss the Augmented Reality Market and its Industry Leading Smart Glasses at the Citi 2021 Global Technology Virtual Conference on September 15

Vuzix Corporation said it had struck an agreement with Netherlands-based distribution company Capestone, receiving its first stocking order for Vuzix Smart Glasses, strengthening Vuzix's presence in Europe. Capestone is a leading distributor within the Benelux Union in Europe and is an innovative provider of 4G/5G hardware and related mobile solution technologies to telecoms and IT resellers, system integrators, service providers, and manufacturers.

Vuzix receives first stocking order for Vuzix Smart Glasses from Netherlands-based distributor Capestone

ROCHESTER, N.Y., Aug. 31, 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 it has signed a distribution agreement with Capestone bv ("Capestone"), a Netherlands-based distribution company, and has received its first stocking order for Vuzix Smart Glasses from Capstone for immediate delivery.

Vuzix Expands its Global Presence with New Distribution Agreement and Smart Glasses Order from Capestone

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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 940,000 shares of Vuzix Corp.

Cathie Wood's ARK Invest Buys Over 940,000 Shares of This Augmented Reality Firm

Investors were not happy with the company's latest earnings report.

Why Vuzix Stock Was Tumbling on Tuesday

Vuzix Corporation (NASDAQ: VUZI) is trading lower Tuesday after the company announced worse-than-expected second-quarter financial results.  Vuzix reported a quarterly earnings loss of 14 cents per share, which came in below the estimate for a loss of 10 cents per share.

Why Vuzix Shares Are Trading Lower Today

Vuzix's (VUZI) CEO Paul Travers on Q2 2021 Results - Earnings Call Transcript

Vuzix Corporation has released its 2Q 2021 financial results that highlight continued growth in the company's Smart Glasses segment.  The supplier of Augmented Reality (AR) technologies and products and Smart Glasses also provided an update on the “transformative initiatives underway to accelerate growth and profitability in 2H21 and beyond.

Vuzix reveals 2Q financial results highlighted by continued growth in the Smart Glasses segment

Shares of Vuzix (NASDAQ:VUZI) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share decreased 7.69% year over year to ($0.14), which missed the estimate of ($0.10).

Recap: Vuzix Q2 Earnings

Transformative initiatives underway to accelerate growth and profitability in 2H21 and beyond ROCHESTER, N.Y., Aug. 9, 2021 /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 period ended June 30, 2021.

Vuzix Reports Continued Smart Glasses Growth in 2Q21

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