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.

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The company just received a large order for its smart glasses.

Why Vuzix Stock Popped Today

Vuzix Corp (NASDAQ:VUZI) (FRA:V7XN) said CooperVision, a unit of The Cooper Companies Inc (NYSE:COO) (FRA:CP6), which makes soft contact lenses, has deployed its Vuzix M400 Smart Glasses, equipped with LogistiVIEW's Vision+ augmented reality warehouse software, to provide hands-free picking guidance at its 275,000 square foot West Henrietta distribution site in Upstate New York.  The company said the combined set of instructions delivered to workers intuitively and hands-free through the Vuzix M400 AR Smart Glasses and LogistiVIEW's platform will avoid the need for any bolted down infrastructure, adding that artificial intelligence and computer vision add an intelligence layer to the process, optimizing tasks and pick sequence for the best possible efficiency.

Vuzix's M400 Smart Glasses deployed at New York distribution center

Cooper Companies

ROCHESTER, N.Y., March 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 that CooperVision, a unit of The Cooper Companies, Inc. (NYSE: COO), one of the world's leading manufacturers of soft contact lenses, has successfully deployed Vuzix M400 Smart Glasses equipped with LogistiVIEW's Vision+ augmented reality warehouse software to provide hands-free picking guidance at their 275,000 square foot West Henrietta, New York distribution site, which at any given time stores more than 120,000 different contact lens products.

CooperVision Deploys Vuzix M400 Smart Glasses at its Upstate New York Distribution Center

Vuzix Corporation (NASDAQ:VUZI) announced Wednesday that it has received an initial deployment order of about $400,000 for Vuzix M400 Smart Glasses from a US-based Fortune 100 insurance and financial services company.  New York-based Vuzix said the order, received after more than 18 months of piloting, is for immediate delivery with the potential for subsequent deployment orders in the future as the customer expands its use of smart glasses.

Vuzix receives deployment order for its M400 Smart Glasses from a US-based Fortune 100 insurance and financial services company

ROCHESTER, N.Y., March 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 Company has received an initial deployment order totalling approximately $400,000 for Vuzix M400 Smart Glasses from a Fortune 100 US-based insurance and financial services company.

Vuzix Receives Initial Smart Glasses Deployment Order from Major US Insurance Services Company

Vuzix Corporation (VUZI) CEO Paul Travers on Q4 2020 Results - Earnings Call Transcript

Shares of Vuzix (NASDAQ:VUZI) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 70.97% year over year to ($0.09), which beat the estimate of ($0.11).

Vuzix: Q4 Earnings Insights

Vuzix Corporation (NASDAQ:VUZI) reported better-than-expected 4Q revenue that climbed 117% year over year to $4.2 million, driven by increased demand for the company's smart glasses products and engineering services. Vuzix also ended the year as of December 31, 2020 with cash and equivalents of $36 million and that figure, on a pro forma basis and excluding 2021 year-to-date operational cash burn, has swelled to $60.4 million as of March 15.

Vuzix sees its 4Q revenue surge 117% to a record $4.2M on smart glasses and engineering services sales

ROCHESTER, N.Y., March 15, 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 fourth quarter and full year financial results for the year ended December 31, 2020.

Vuzix Reports Record 4Q and Full Year Smart Glasses Revenues

Vuzix Corporation (NASDAQ:VUZI) announced Wednesday a partnership with German market tech start-up rooom AG that offers an innovative all-in-one solution for 3D and Augmented Reality (AR) to support interest from customers in healthcare, education, field service, construction, manufacturing, and training. Vuzix said its combined solution with rooom AG addresses growth needs as businesses position for expansion in the wake of reopenings.

Vuzix partners with rooom AG to expand presence in enterprise training and education with 3D and Augmented Reality content

ROCHESTER, N.Y., March 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 a partnership with rooom AG (https://www.rooom.com/about-us/partners/), a marketing tech startup based in Germany that offers an innovative all-in-one solution for 3D and AR to support interest from customers in healthcare, education, field service, construction, manufacturing and training.

Vuzix Partners with rooom AG to Expand its Presence in Enterprise Training and Education Around 3D Augmented Reality Content

Vuzix Corporation (NASDAQ:VUZI) announced Tuesday that major miner Rio Tinto Group (NYSE:RIO) has deployed Vuzix Smart Glasses at its Oyu Tolgoi mine in Mongolia, which has one of the world's largest known deposits of copper and gold. Vuzix noted that Rio Tinto has been focused on working safer and smarter -- and as part of that effort they increased their use of drones and mine pit cameras and introduced video headsets (including Smart Glasses) to conduct visual inspections of tailings facilities and equipment while complying with travel restrictions and physical distance requirements.

Vuzix Corporation says Rio Tinto Group using Vuzix Smart Glasses at its Oyu Tolgoi mine in Mongolia

ROCHESTER, N.Y., March 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 Rio Tinto, a leading international metals and mining companies, has deployed Vuzix Smart Glasses at its Oyu Tolgoi mine located in Mongolia, which has one of the world's largest known deposits of copper and gold.

Rio Tinto Improves Worker Safety and Supports Local Operations at its Oyu Tolgoi Mine Using Vuzix Smart Glasses

Vuzix (VUZI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Vuzix (VUZI) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

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Smart Glasses and Augmented Reality (AR) technology and product supplier Vuzix Corporation (NASDAQ: VUZI) disclosed its involvement in a private seed investment round announced by supply chain and order fulfillment software provider Ox Fulfillment Solutions (formerly Oculogx).   The investment round led by MaC Venture Capital and Cortado Ventures included a minority investment from Vuzix.

Vuzix Invests In Ox Fulfillment Solutions For Supply Chain Optimization

ROCHESTER, N.Y., March 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 Company has participated in a private seed investment round...

Vuzix Announces Strategic Investment in Supply Chain and Order Fulfillment Software Provider Ox Fulfillment Solutions

The IBD SmartSelect Composite Rating for Vuzix increased from 93 to 96 Tuesday. The post Vuzix Joins Elite List Of Stocks With 95-Plus Composite Rating appeared first on Investor's Business Daily.

Vuzix Joins Elite List Of Stocks With 95-Plus Composite Rating

Vuzix Corporation (NASDAQ:VUZI) announced Monday that its M400 and M4000 Smart Glasses now support Microsoft Teams.  The company plans to host a sales webinar and live demonstration of the Microsoft Teams user experience on the both smart glasses at 2.00pm ET on Thursday.

Vuzix says M400 and M4000 Smart Glasses now Microsoft Teams compatible

ROCHESTER, N.Y., March 1, 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 M400 and M4000 Smart Glasses now support Microsoft...

Vuzix M400 and M4000 Smart Glasses Now Support Microsoft Teams

Vuzix Corporation (NASDAQ:VUZI) announced that Softfoundry International Pte Ltd, a next-generation green communication solution provider, has optimized its FacePro Xpert System for Vuzix M400 and M4000 Smart Glasses. FacePro Xpert System is an AR-capable remote mentoring solution fully designed and developed by Softfoundry.

Vuzix says green communication solution provider Softfoundry has optimized its FacePro Xpert System for Vuzix M400 and M4000 Smart Glasses

ROCHESTER, N.Y., Feb. 26, 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 Softfoundry International Pte Ltd (Softfoundry), a next generation...

Vuzix M400 and M4000 Smart Glasses Now Optimized for Softfoundry's FacePro Xpert System

I first became aware of this company when Cathie Wood's ARK Invest bought a 292K share stake in Vuzix. Vuzix is a supplier of wearable display technology, virtual reality and augmented reality.

Vuzix: Seeing An Augmented Reality

Vuzix Corporation has the potential of becoming a big winner in the augmented reality (AR) smart glasses race for the enterprise market.

News for Vuzix Stock (VUZI)