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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-    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.

Global Retailer Expands Its Use of Vuzix Smart Glasses to Support Its Warehousing Operations

ROCHESTER, N.Y. , April 16, 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 established a referral partnership with NetLogistik, a leader in powerful services that guide companies toward the digital transformation of the supply chain.

Vuzix Wholly Owned Subsidiary Moviynt Partners with NetLogistik to Offer Mobility Solutions for the Warehouse

Vuzix Corporation (NASDAQ:VUZI ) Q4 2023 Results Conference Call April 15, 2024 4:30 PM ET Company Participants Ed McGregor - Director, IR Paul Travers - CEO Grant Russell - CFO Conference Call Participants Tyler Burmeister - Craig-Hallum Capital Aaron Martin - AIGH Investment Partners Operator Greetings, and welcome to the Vuzix's Fourth Quarter and Full Year ending December 31, 2023 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode.

Vuzix Corporation (VUZI) Q4 2023 Earnings Call Transcript

ROCHESTER, N.Y. , April 15, 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 fourth quarter and full year financial results for the year ended December 31, 2023.

Vuzix Reports 4Q and Full Year 2023 Results

ROCHESTER, N.Y., April 9, 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 fourth quarter and full year 2023 operating results on Monday, April 15, 2024 at 4:30 PM Eastern Time (ET).

Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results and Business Update

HORTEN, Norway--(BUSINESS WIRE)-- #AugmentedReality--poLight ASA (OSE: PLT) confirms Vuzix Shield™ AR glasses, with TLens® in its front-facing autofocus cameras, are available to the general public.

poLight ASA Confirms Design Win with Vuzix Shield Industrial AR Smart Glasses

Expands Availability of Vuzix Shield for Enterprise Customers  ROCHESTER, N.Y. , April 8, 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 award-winning Vuzix Shield™ smart safety glasses are now available to the general public via www.Vuzix.com.

Vuzix Commences Online Sales of Its MicroLED Binocular Waveguide Smart Safety Glasses

Vuzix (VUZI) enters into a reseller agreement with Edinburg-based Purview Services and receives the first purchase order from the latter.

Vuzix (VUZI) Signs Reseller Contract With Purview Services

ROCHESTER, N.Y., April 4, 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 has received new additional orders from two aerospace and defense firms to further develop and deliver  waveguide-based display solutions in 2024.

Vuzix Receives New Additional Orders from Two Aerospace Defense Firms to Further Develop Their Waveguide-based Display Solutions

ROCHESTER, N.Y. , April 2, 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 it recently entered into a reseller agreement with Purview Services ("Purview"), an IT services, consulting, and business solutions firm based in Edinburgh, Scotland (UK).

News for Vuzix Stock (VUZI)