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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Bridging the gap between mobile devices and ERP systems to empower the rapid development of new workflows that eliminate inefficiencies Installed base of over 20,000 companies worldwide ROCHESTER, N.Y. , July 30, 2024 /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 Moviynt®, its wholly owned subsidiary and SAP Certified ERP SaaS logistics solution provider, has received certification from leading business software provider SAP for its Mobilium Gateway™ 3.0 solution to be used with SAP's S/4HANA Cloud Private Edition software platform, a tailored-to-fit cloud ERP.

Vuzix (NASDAQ: VUZI) Wholly Owned Subsidiary Moviynt Receives New Key SAP Certification

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Vuzix (VUZI) announces that its M400 smart glasses have been used by Linkou Chang Gung Memorial Hospital and First Affiliated Hospital of Dalian Medical University to stream surgical demonstrations.

Vuzix's (VUZI) Smart Glasses Gain Traction in Healthcare

Linkou Chang Gung Memorial Hospital and First Affiliated Hospital of Dalian Medical University use Vuzix M400 smart glasses during live surgeries ROCHESTER, N.Y. , July 1, 2024 /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 two of the most well-known hospitals in Asia, the Linkou Chang Gung Memorial Hospital and First Affiliated Hospital of Dalian Medical University, recently hosted live broadcasts of surgeries using Vuzix M400™ smart glasses.

Leading Asian Hospitals Use Vuzix (NASDAQ:VUZI) Smart Glasses to Enable Next Generation Surgical Instruction

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Prototype units unveiled at this week's Augmented World Expo USA 2024 ROCHESTER, N.Y. , June 20, 2024 /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 strategic partnership with Avegant, a renowned leader in light engine technology, to develop optimized waveguide optical modules for use in future AI-enabled smart glasses.

Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Full Color Optical Reference Design for AI-Enabled Consumer Smart Glasses

-    Prototype units to be unveiled at this week's Augmented World Expo USA 2024 ROCHESTER, N.Y. , June 19, 2024 /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 strategic partnership with Avegant, a renowned leader in light engine technology, to develop optimized waveguide optical modules for use in future AI-enabled smart glasses.

Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Optimized Optical Modules for AI-Enabled Smart Glasses

-  Pre-production plastic waveguides will be on display at this week's Augmented World Expo USA 2024 ROCHESTER, N.Y. , June 18, 2024 /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 intends to offer the design and manufacture of diffractive waveguides using plastic, in addition to glass.

Vuzix (NASDAQ: VUZI) Announces Its Intention to Offer High Durability Plastic Waveguide Design and Production Capabilities

Waveguide form factors can range from several inches diagonally to several feet or more ROCHESTER, N.Y. , June 13, 2024 /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 it now has the unique capability to design and produce large format waveguides in its state-of-the-art waveguide production facility, a cutting-edge innovation that will redefine the way heads-up visual content is experienced.

Vuzix (NASDAQ:VUZI) Revolutionizes the Display Technology Industry with Introduction of Large Format Waveguide Design and Manufacturing

- 48 million people in the US struggle with hearing loss ROCHESTER, N.Y. , June 10, 2024 /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 Xander™, a Boston-based early-stage startup, has placed multiple follow-up orders for Vuzix Shield™ smart glasses as it increases customer shipments of its XanderGlasses™, a smart glasses solution that utilizes Xander's embedded software that displays real-time captions of in-person conversations to help people with hearing loss.

Vuzix (NASDAQ: VUZI) Continues to Receive Smart Glasses Reorders from Xander to Meet Rising Demand for Their Award-Winning Captioning Glasses for the Hard of Hearing

ROCHESTER, N.Y. , June 4, 2024 /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 hosting its Annual Shareholder Meeting (ASM) on Thursday, June 13, 2024 at 10:30 AM Eastern Time (ET).

Vuzix Annual Shareholder Meeting to Be Held on June 13, 2024

Development of augmented reality head mounted displays using Vuzix waveguide technologies to address pressing challenges ROCHESTER, N.Y. , June 3, 2024 /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 it has been selected by AFWERX for a Smart Business Innovative Research (SBIR) Phase I contract focused on the development of augmented reality head mounted displays (HMDs) using waveguide technologies to address the most pressing challenges in the Department of the Air Force (DAF).

U.S. Air Force Agency Awards Vuzix (NASDAQ:VUZI) Development Contract for Augmented Reality Head Mounted Displays

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ROCHESTER, N.Y. , May 14, 2024 /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 signed a multi-phase development contract with Garmin for next generation nano-imprinted waveguide-based display system.

Garmin Collaborates with Vuzix to Develop Next Generation Nano-Imprinted Waveguide with microLED based Display Systems

-  Vuzix will offer select clients a private look at its next generation optics system technologies designed specifically for fashion forward smart glasses ROCHESTER, N.Y. , May 10, 2024 /PRNewswire/ -- – Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced it will be offering, by-request-only, demonstrations of its latest optical display system advancements at Display Week 2024, May 12-17 in San Jose, California.

Vuzix to Bring New Low Cost, Full Color Waveguides to Display Week 2024

Vuzix Corporation (NASDAQ:VUZI ) Q1 2024 Results Conference Call May 9, 2024 4:30 PM ET Company Participants Ed McGregor - Director, IR Paul Travers - CEO Grant Russell - CFO Conference Call Participants Matt VanVliet - BTIG Operator Greetings, and welcome to the Vuzix First Quarter for the Period Ending March 31, 2024 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode.

Vuzix Corporation (VUZI) Q1 2024 Earnings Call Transcript

ROCHESTER, N.Y. , May 9, 2024 /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 three months ended March 31, 2024.

Vuzix Reports First Quarter 2024 Results

ROCHESTER, N.Y. , May 2, 2024 /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 first quarter 2024 operating results at 4:30 PM Eastern Time (ET), May 9, 2024.

Vuzix Schedules Conference Call to Discuss First Quarter 2024 Financial Results and Business Update

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-    Nadro sees 30% improved picking time and 93% decline in onboarding and training time ROCHESTER, N.Y. , April 24, 2024 /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 its partner TeamViewer, a global leader in remote connectivity and workplace digitalization solutions, recently published a customer success story regarding Nadro S.A.

Significant Productivity Improvements Achieved for Client Using Vuzix Smart Glasses

-     Expansion increases enterprise penetration for Vuzix as industry leader in tools for improved warehousing solutions ROCHESTER, N.Y. , April 23, 2024 /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 additional orders for Vuzix M400™ smart glasses from a Fortune 100 global retailer to primarily support the warehousing and logistics needs of this customer.

News for Vuzix Stock (VUZI)