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., June 9, 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 market expansion to support the NextAR surgical AR platform developed by Medacta International, one of the world's largest providers of innovative orthopedic products focusing on healthcare sustainability.

Vuzix Smart Glasses Expand AR Surgical Product Presence to Support Shoulder, Knee and Spine Surgeries

Vuzix Corporation (NASDAQ:VUZI) announced it is going to be included in the Russell 2000 and 3000 Indexes at the end of June. The Russell Indexes collectively comprise 4,000 of the largest US stocks ranked by total market capitalization.

Vuzix Corporation rises to the ranks of the Russell 2000 and 3000 Indexes

ROCHESTER, N.Y., June 9, 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 is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.

Augmented Reality and Smart Glasses Innovator Vuzix to Be Added to Russell 3000 and Russell 2000 Indexes

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Deere & Company

Vuzix Corporation (NASDAQ: VUZI) announced that agri equipment manufacturer Deere & Co (NYSE: DE) had deployed Vuzix M400 Smart Glasses in Brazil via local Vuzix distributor, Totalpower. Vuzix M400 Smart Glasses helped machine operators quickly train on the advanced equipment, and was a productivity solution for keeping the equipment up and running, John Deere Product Support Specialist Pablo Jau said.

John Deere Adopts Vuzix M400 Smart Glasses in Brazil for Equipment Training

Vuzix Corporation (NASDAQ:VUZI) announced that machinery giant John Deere has deployed the company's M400 Smart Glasses in Brazil through local Vuzix distributor Totalpower. Vuzix M400 Smart Glasses allows John Deere machine operators to be more operationally proficient, the company said, thus increasing their productivity.

Vuzix Corporation M400 Smart Glasses deployed by John Deere for its machine operators in Brazil

ROCHESTER, N.Y., June 3, 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 John Deere (Deere & Company), a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction, has deployed Vuzix M400 Smart Glasses in Brazil via local Vuzix distributor Totalpower.

John Deere Deploys Vuzix M400 Smart Glasses in Brazil to Provide Remote Support for Equipment Training and Maintenance

Smart Glasses and Augmented Reality (AR) technology and product supplier, Vuzix Corporation's (NASDAQ: VUZI) M400 and M4000 Smart Glasses received IEC medical electrical equipment safety standard certification. Vuzix Smart Glasses assumed immense importance since the pandemic in healthcare to support medical device manufacturers and their operating room technicians, doctors in the operating room for training and mentoring during surgery, and medical professionals to provide support and care for patients, such as virtual rounds and wound diagnosis.

Vuzix Smart Glasses Wins EMC Safety Standard Certification

ROCHESTER, N.Y., June 2, 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 and M4000 Smart Glasses have received IEC 60601-1-2:2014 certification as medical electrical equipment meeting EMC safety standards.

Vuzix M400 and M4000 Smart Glasses Receive Medical Electric Equipment EMC Safety Standard Certification

Cathie Wood-led Ark Investment Management bought 773,400 shares in Vuzix Corp (NASDAQ: VUZI) on Friday, estimated to be worth about $13.5 million. Shares of Vuzix, which makes smart glasses for the consumer, defense, security and enterprise markets, fell 8.54% to $17.46 on Friday.

Cathie Wood Buys $13.5M In Smart Glasses Supplier Vuzix On Dip

Vuzix Corporation (NASDAQ:VUZI) announced that it has received new orders from Rods & Cones, a provider of a fully virtual surgical collaboration platform, for monthly deliveries of Vuzix M400 Smart Glasses beginning immediately and over the remainder of 2021. The orders, valued in excess of EUR1 million (more than US$1.2 million), will support optimized remote interactions between surgeons and experts in the operating theatre using Vuzix smart glasses, the company said.

Vuzix wins $1.2M-plus in new orders from Rods & Cones for monthly deliveries of Vuzix M400 Smart Glasses

ROCHESTER, N.Y., May 24, 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 new orders from Rods & Cones, a provider of a fully virtual surgical-collaboration platform, for monthly deliveries of Vuzix M400 Smart Glasses beginning immediately and over the remainder of 2021.

Vuzix Receives New Orders for Over $1.2 million of Smart Glasses from Rods & Cones to Support Virtual Surgical Collaboration Rollout

Vuzix Corporation (NASDAQ:VUZI) announced plans for an upcoming demo of its Vuzix M400 and M4000 Smart Glasses specifically for Mandarin-speaking listeners, featuring an AR-capable remote mentoring program from Softfoundry International Pte Ltd. Softfoundry's FacePro Xpert System provides real-time remote global expert support, training and resource sharing through first-person Full-HD to 4K video communication, utilizing both the Vuzix M400 and M4000 Smart Glasses platforms.

Vuzix to demo its Smart Glasses for Mandarin-speaking listeners with Softfoundry's FacePro Xpert System and Porsche China

ROCHESTER, N.Y., May 19, 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 an upcoming demo of the Vuzix M400 and M4000 Smart Glasses specifically for Mandarin-speaking listeners, featuring Softfoundry International Pte Ltd (Softfoundry), a next generation green communication solution provider and developer of the FacePro Xpert System, an AR-capable remote mentoring solution, as well as Porsche China.

Vuzix, Softfoundry and Porsche China to Host in Mandarin a Remote Assistance Software Demo on M-Series Smart Glasses

Vuzix Corporation (NASDAQ:VUZI) has announced at the SID/DSCC Business Conference its tiniest, lowest power, most advanced microLED display-based projection engine to be made commercially available throughout the world. The company said these micro display engines, for which Vuzix partner Jade Bird Display will be supplying the microLEDs panels inside the projection engine, are built to be useful for a number of use cases -- including view finders, HUDs, athletic eyewear, helmets, language translation pens, and pico-projectors.

Vuzix announces its tiniest, lowest power, most advanced microLED display-based projection engine

ROCHESTER, N.Y., May 18, 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 at the SID/DSCC Business Conference its tiniest, lowest power, most advanced microLED display-based projection engine to be made commercially available throughout the world, along with a new video showcasing it, which can be viewed here.

Vuzix Introduces one of the World's Tiniest and Most Advanced MicroLED Display-Based Projection Engine at SID 2021, Inclusive of a New Technology Video Overview

Vuzix Corporation (NASDAQ: VUZI) has been significantly accelerating its revenue growth over the last year, CEO Paul Travers said Friday at Benzinga's Global Small Cap Conference. Vuzix Earnings: Vuzix announced first-quarter financial results on Monday.

EXCLUSIVE: Vuzix CEO Talks Product Advantages, Next-Gen Smart Glasses

The smart-glasses specialist reports first-quarter earnings results.

Why Vuzix Stock Plunged Today

Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) has reported its first quarter results for the three months ended March 31, revealing record sales of its smart glasses.  "Vuzix reported record smart glasses sales of $3.8 million as an increasing number of our customers continued to place larger and more frequent orders for our Smart Glasses," CEO Paul Travers said in a statement.

Vuzix reports record $3.8M Smart Glasses sales in 1Q results

Vuzix Corporation (VUZI) CEO Paul Travers on Q1 2021 Results - Earnings Call Transcript

Vuzix (VUZI) delivered earnings and revenue surprises of -20.00% and 8.75%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Vuzix (VUZI) Reports Q1 Loss, Tops Revenue Estimates

Shares of Vuzix (NASDAQ:VUZI) fell in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 33.33% year over year to ($0.12), which missed the estimate of ($0.10).

Recap: Vuzix Q1 Earnings

Vuzix smart glasses revenues for the quarter increased 177% year-over-year ROCHESTER, N.Y., May 10, 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 first quarter results for the period ended March 31, 2021.

Vuzix Reports Record Smart Glasses Revenues in 1Q21

Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) has announced a follow-up order of additional Vuzix Blade Smart Glasses from Medacta International, one of the world's largest providers of orthopedic products, to support its NextAR augmented reality surgical platform.  Having used the Vuzix Blade to complete the first smart glasses-based total knee replacement in the US in 2020, Medacta is now using the glasses to leverage AR in shoulder, hip and spine surgeries.

Vuzix reports follow-on order of Blade Smart Glasses for Medacta's NextAR surgical platform

ROCHESTER, N.Y., May 7, 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 a further volume order of Vuzix Blade® Smart Glasses in connection with the Company's central role supporting the NextAR surgical AR platform developed by Medacta International, one of the world's largest providers of innovative orthopedic products focusing on healthcare sustainability.

News for Vuzix Stock (VUZI)