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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ARK Industrial Innovation ETF

ARK Web x.0 ETF

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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More than a third of earnings reports released Friday morning failed to meet consensus estimates for profits, revenues or both.

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This ARK Invest holding took a tumble last month.

Why Vuzix Stock Plummeted 19.3% in July

Vuzix Corporation said it has established an Integrated Solutions Business Unit within the company and made an inducement grant of restricted stock to Pano Spiliotis, who has been appointed as managing director of the newly created unit. The company said the stock grant was approved by the company's board on July 22, 2021.

Vuzix creates new software-as-a-service based Integration Solutions Business Unit

ROCHESTER, N.Y., July 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 the establishment of an Integrated Solutions Business Unit within Vuzix and an inducement grant of restricted stock made to Pano Spiliotis in connection with his appointment as Managing Director of this newly created unit.

Vuzix Announces SaaS-based Integration Solutions Business Unit

Vuzix Corporation (NASDAQ:VUZI) revealed it had struck a distribution agreement with UK-based MPH Group, which will strengthen the tech company's presence in Europe and the UK. MPH, which has already placed a volume purchase order for Vuzix Smart Glasses, distributes game-changing and highly immersive technologies that involve augmented reality (AR), virtual reality and IoT (Internet of Things) solutions.

Vuzix says distribution deal with MPH will strengthen presence in Europe and UK

Vuzix Corporation (NASDAQ: VUZI) inked a distribution agreement with U.K. distribution company MPH Group. Vuzix has also received a volume purchase order from MPH for Vuzix Smart Glasses for immediate delivery.

Vuzix, MPH Group Forge Distribution Agreement, MPH Orders Vuzix Smart Glasses

When institutional investors take interest in a small company that hasn't yet turned a profit, it may be an indicator of a promising future. On the pages of Seeking Alpha, contributors and commentators have strong opinions about the viability and future of Vuzix.

Institutional Investors Are Buying Vuzix

ROCHESTER, N.Y., July 22, 2021 /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 2021 operating results at 4:30 PM Eastern Time (ET), August 9, 2021.

Vuzix Schedules Conference Call to Discuss Second Quarter 2021 Financial Results and Business Update

Vuzix Corporation (NASDAQ:VUZI) announced a new order from Canadian company TeleVU Innovation for its M400 Smart Glasses. TeleVU is a supplier of user-friendly communications solutions for smart glasses that enable an audio-visual link between frontline clinicians and remote experts.

Vuzix strikes agreement with Canadian firm TeleVU Innovation to provide remote medical assistance using M400 Smart Glasses in Canada

ROCHESTER, N.Y., July 20, 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 TeleVU Innovation ("TeleVU"), a Canadian supplier of user-friendly communication solutions for smart glasses that provide a secure, live audio-visual link between frontline clinicians and remote experts anywhere in the world, has begun ordering Vuzix M400 Smart Glasses.

Vuzix Expands Global Smart Glasses Healthcare Presence into Canada with TeleVU Innovation

The market for augmented reality eyewear is thriving and Rochester, New York-based Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) is heading the charge as a leader in smart glasses. Google and Microsoft have raced to create smart glasses along with other tech giants, but widely followed institutional investors like ARK Investment Management see Vuzix as a powerhouse with its suite of products, long roster of clients and valuable intellectual property (IP).

Vuzix to dominate enterprise smart glasses market with competitive product lineup, technology roadmap and patent portfolio

The company's AR technology is finally starting to reveal its value.

Here's Why Vuzix Shares More Than Doubled in the First Half of 2021

ROCHESTER, N.Y., July 13, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will be hosting a webinar featuring partner TechSee, a leading AR assisted software developer.

Vuzix and TechSee to Highlight Field Service Solution

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Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) has announced plans to host a pair of webinars presenting tips and best practices for enterprise clients getting started with the company's augmented reality (AR) Smart Glasses.  The July 1 events, titled "Transform Your Workforce with AR and Smart Glasses," are intended to deliver an actionable overview of AR solutions for clients starting and streamlining a Smart Glasses pilot and broader program.

Vuzix to hold webinars on July 1 to show managers how to 'transform their workforce' with AR Smart Glasses

ROCHESTER, N.Y., June 29, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will be hosting a pair of webinars featuring partner TeamViewer, a leading provider of remote access software.

News for Vuzix Stock (VUZI)