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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Verizon

Verizon Communications Inc 5.9 % Notes 2014-15.2.54 Sr

Vuzix Corporation (NASDAQ:VUZI) has announced that its M400 and M4000 Smart Glasses now support BlueJeans by Verizon Communications Inc (NYSE:VZ), the telecommunication giant's cloud-based digital workforce video collaboration platform. BlueJeans combines high-quality audio, HD video and web-conferencing capabilities for cloud-based meetings or large interactive events and is now available to run hands-free on the Vuzix M400 and M4000 Smart Glasses.

Vuzix says Verizon's video conferencing platform, BlueJeans now supported by M4 smart glasses

ROCHESTER, N.Y., April 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 the Company's Vuzix M400 and M4000 Smart Glasses now support BlueJeans by Verizon, their cloud-based digital workforce video collaboration platform.

BlueJeans by Verizon Now Supports Vuzix Smart Glasses

Host Neil Hamilton analyzed the stock chart for Vuzix Corporation (NASDAQ:VUZI) Thursday on Benzinga's YouTube show "Get Technical." The stock price has increased 706% since Dec. 11, Hamilton said.

A Bullish Technical Analysis Of Vuzix Stock

Microsoft

Snap

These tech companies could gain big slices of the growing AR market over the next decade.

3 Stocks to Invest in Augmented Reality

This fast-growing smart-glasses maker would be a smart addition to the risk-tolerant investor's watchlist.

Why Vuzix Stock Jumped 32% in March

Vuzix Corporation (NASDAQ:VUZI) announced Thursday it has closed on an underwritten public offering that raised about $97.75 million.  The New York-based company said it intends to use the net proceeds for general corporate purposes.

Vuzix closes on underwritten public offering that raised about $97.75M

ROCHESTER, N.Y., April 1, 2021 /PRNewswire/ -- Vuzix Corporation (Nasdaq: VUZI, the "Company"), a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets, today announced the closing of the Company's previously announced underwritten public offering of 4,768,293 shares of its common stock at a price to the public of $20.50 per share, including 621,951 shares pursuant to the full exercise by the underwriters of their over-allotment option.

Vuzix Corporation Announces Closing Of $97.75 Million Public Offering Of Common Stock

The stock price of Vuzix Corp (NASDAQ: VUZI) increased by 6.69%. This is why it happened.

VUZI Stock Price Increased 6.69%: Why It Happened

Vuzix Corporation (NASDAQ:VUZI) announced a new partnership Tuesday with TechSee, an intelligent visual assistance technology company, in order to deliver a remote solution to field service technicians using augmented reality (AR) and computer vision on Vuzix M400 and M4000 Smart Glasses. By leveraging its proprietary AI-driven visual assistance platform, TechSee enables on-site field service technicians to receive real-time support from a remotely located expert, the company said.

Vuzix partners with visual assistance technology provider TechSee to field techs using Smart Glasses

ROCHESTER, N.Y., March 30, 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 a new partnership with TechSee, a leader in intelligent visual assistance technology, to deliver a remote visual assistance solution to field service technicians using AR and computer vision on Vuzix' M400 and M4000 Smart Glasses.

Vuzix Partners with TechSee to Bring AI-Powered Visual Assistance to the Enterprise Market over Vuzix' Smart Glasses

A new stock offering caused Vuzix's shares to drop.

Why Vuzix Stock Plummeted Today

Vuzix Corporation (NASDAQ:VUZI) has announced the pricing of an underwritten public offering of 4,146,342 shares of its common stock, first announced on Thursday, at $20.50 per share, before underwriting discounts and commission, with gross proceeds expected to be approximately $85 million. The company said it intends to use the net proceeds from the sale of the shares of common stock for general corporate purposes, including working capital to accelerate the building of finished goods inventory to address increasing customer demand, new technology development, new product development, purchases of technology, expansion of our software offerings, and possible related acquisitions of other firms.

Vuzix prices underwritten public offering at $20.50 per share, gross proceeds expected to be approximately $85M

Vuzix stock sank as much as 16% on Friday after the company priced a 4.15 million share stock offering at $20.5 per share, well below the $26.32 closing price from Thursday. Underwriters in the deal were granted a 30-day option to purchase up to an additional 621,951 shares. Vuzix is expected to raise roughly $85 million from the offering.

Vuzix sinks 16% after pricing $85 million stock offering at a steep discount to previous close (VUZI)

The stock price of Vuzix Corp (NASDAQ: VUZI) fell by over 15% pre-market. This is why it happened.

VUZI Stock Price Fell Over 15% Pre-Market: Why It Happened

Investors need to pay close attention to Vuzix (VUZI) stock based on the movements in the options market lately.

Do Options Traders Know Something About Vuzix (VUZI) Stock We Don't?

Vuzix prices underwritten public offering at $20.50 per share, with gross proceeds expected to be approximately $85M

ROCHESTER, N.Y., March 26, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets, today announced the pricing of an underwritten public offering of 4,146,342 shares of its common stock at a price to the public of $20.50 per share, before underwriting discounts and commission.

Vuzix Corporation Announces Pricing Of $85 Million Public Offering Of Common Stock

ROCHESTER, N.Y., March 25, 2021 /PRNewswire/ -- Vuzix Corporation (NASDAQ: VUZI) (the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that it intends to offer shares of its common stock for sale in an underwritten public offering.

Vuzix Announces Proposed Underwritten Public Offering Of Common Stock

Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) announced Thursday that it has received an initial deployment order totaling about $250,000 for Vuzix M400 Smart Glasses from a healthcare and surgical training solutions provider.  This initial deployment order is for immediate delivery, with the potential for subsequent deployment orders in the future, as the customer expands its use of the smart glasses, the company said.

Vuzix receives initial deployment order for its M400 Smart Glasses from healthcare and surgical training solutions provider

ROCHESTER, N.Y., March 25, 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 an initial deployment order totaling approximately $250,000 for Vuzix M400 Smart Glasses from a healthcare and surgical training solutions provider.

Vuzix Receives Initial Smart Glasses Deployment Order from Healthcare and Surgical Training Provider

Vuzix has been gaining momentum amidst the pandemic as one of the leading companies within the augmented reality smart glasses industry. Vuzix has experienced rapid growth with revenues growing over 117% YoY in Q4, 73% YoY for 2020 and market expecting this momentum to continue into 2021.

Vuzix Corp.: Earnings Recap And What Investors Can Expect In 2021

Cooper Companies

Cooper Companies' (COO) unit assigns smart glasses to boost productivity in operations.

Cooper Companies' (COO) Unit Assigns Vuzix M400 Smart Glasses

The stock price of Vuzix Corp (NASDAQ: VUZI) increased by 20.85% on March 19. This is why it happened.

VUZI Stock Price Increased 20.85%: Why It Happened

This augmented reality device maker could generate massive growth over the next few years.

Where Will Vuzix Be in 5 Years?

Vuzix Corp. (NASDAQ: VUZI) shares are trading higher in Friday's session. The rally comes amid the deployment of Vuzix M400 Smart Glasses by CooperVision, a subdivision of Cooper Companies Inc. (NYSE: COO).

News for Vuzix Stock (VUZI)