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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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.

Vuzix Corp: A Potential Winner In The AR Race Receives Ark Invest's Confirmation

ROCHESTER, N.Y., Feb. 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 provided an update on recent warrant exercises and the resulting impact on its cash...

Vuzix Announces Receipt of Approximately $48.1 Million from Warrant Exercises over the Last 70 Days

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.

PreMarket Prep Stock Of The Day: Vuzix

ROCHESTER, N.Y., Feb. 22, 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 will be participating as a speaker in Verizon's upcoming...

Vuzix to Participate in Verizon's Upcoming 5G Presentation to the U.S. Department of Defense

Shares of VUZI stock are on the move on Monday after augmented reality tech company Vuzix had a solid few days of news to end last week. The post VUZI Stock: 8 Things to Know About AR Smart Glasses Play Vuzix as Shares Surge appeared first on InvestorPlace.

VUZI Stock: 8 Things to Know About AR Smart Glasses Play Vuzix as Shares Surge

The stock price of Vuzix Corp (NASDAQ: VUZI) is trading at over 15% as of 9:42 AM ET. This is why it happened.

VUZI Stock Price Increases Over 15%: Why It Happened

Vuzix Corporation (NASDAQ:VUZI) announced that its M400 Smart Glasses were part of a winning submission to an American Medical Association (AMA) competition highlighting “meaningful learner-led activities or projects in response to the COVID-19 pandemic.” The project involving Vuzix glasses was a clinical study led by med student Lekha Devara at the University of Louisville.

Vuzix Smart Glasses let Louisville medical students virtually shadow doctors after the pandemic forced them out of the hospital, study says

ROCHESTER, N.Y., Feb. 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 that the Company's Vuzix M400 Smart Glasses were featured in the American...

Vuzix Smart Glasses Featured in American Medical Association Special COVID-19 Edition for Accelerating Change in Medical Health Education Systems Science Student, Resident and Fellow Impact Challenge

Vuzix Corporation (NASDAQ:VUZI) has announced an exciting new development with lighting industry leader Signify to further reduce latency for Vuzix Smart Glasses in areas where radio-based devices have poor-to-limited connectivity, such as inside factories and buildings. In a statement Thursday, Vuzix said its Smart Glasses are now compatible with Signify's Trulifi, which provides wireless broadband connection and uses infrared and visible light to provide two-way wireless connectivity to IoT (Internet of Things) devices including smart glasses.

Vuzix teams with lighting leader Signify to reduce latency for Vuzix Smart Glasses in areas where radio-based devices have poor connectivity

Products include personal display and wearable computing devices Used across multiple industries including medical and defense Holds 184 patents and patents pending and numerous IP licenses in the Video Eyewear field What Vuzix Corporation does: Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) is a leading supplier of smart glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and AR.

Vuzix looking far ahead with its smart glasses and Augmented Reality technologies

ROCHESTER, N.Y., Feb. 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 strategic partnership with Rods & Cones, a provider of a fully virtual...

Vuzix Expands its Global Smart Surgeries Presence by Collaborating with Rods & Cones for M-Series Smart Glasses Platform Support

Vuzix Corporation (NASDAQ:VUZI) has announced that KDDI Research, Inc., a research institute that combines the think tank functions of the KDDI Group with R&D functions, has developed a smart hands-free nursing care support system that employs Vuzix Smart Glasses. The support system, developed in conjunction with Zenkokai, a social welfare corporation that operates and manages nursing care welfare facilities in Tokyo, displays nursing care-related information using Vuzix Smart Glasses, as well as reads it aloud, by combining facial recognition and speech synthesis technology developed by KDDI Research.

Vuzix says KDDI Research has developed a smart hands-free nursing care support system that employs its Smart Glasses

ROCHESTER, N.Y., Feb. 8, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced today that KDDI Research, Inc. ("KDDI Research"), a research institute that...

KDDI Research, Inc. Develops Smart Hands-Free Nursing Care Support System Using Vuzix Smart Glasses

ROCHESTER, N.Y., Feb. 4, 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 has completed the first phase of development with a...

Vuzix Completes Phase 1 Development of a Customized Head Mounted Waveguide-Based Display System for Assisted Medical Cancer Surgeries

ROCHESTER, N.Y., Feb. 2, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, has announced another new use case with its products for the food processing industry, utilizing a newly developed...

Vuzix Smart Glasses Improve Worker Safety and Maximize Machine Uptime in the Food Processing Industry

ROCHESTER, N.Y., Jan. 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 the Company has recently received a new follow-on commercial order for...

1Minuut Innovation Places Further Follow-On Orders for Vuzix M400 Smart Glasses as it Prepares to Deploy its 500th Unit to Support Healthcare and COVID-19 Needs in the Netherlands

The smart glasses maker inks a new deal with Japan's KDDI.

Why Vuzix Stock Jumped Today

ROCHESTER, N.Y., Jan. 22, 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 M4000 Smart Glasses were recently used to perform a...

Vuzix M4000 Smart Glasses Aid Construction Worksite Audit Via DJI Drone

ROCHESTER, N.Y., Jan. 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 it is collaborating with Hippo Technologies, Inc., a virtual care company...

Vuzix Expands Available Smart Glasses-Based Healthcare Offerings with the Addition of Hippo Technologies Solution to Help Service Medical Professionals and Organizations Around the World

ROCHESTER, N.Y., Jan. 15, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today reported preliminary unaudited sales for the fourth quarter of 2020 and an update on...

Vuzix Announces Financial Update with Q4 Revenues Ahead of Analyst Expectations

ROCHESTER, N.Y., Jan. 13, 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 working with medical device company BioSig Technologies, Inc....

Vuzix M400 Smart Glasses to Support BioSig's PURE EP™ System Rollout to Hospitals Nationwide

ROCHESTER, N.Y., Jan. 12, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced today it is pleased to report a presence at this year's Consumer Electronics...

News for Vuzix Stock (VUZI)