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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LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Vuzix Corporation (“Vuzix” or the “Company”) (NASDAQ: VUZI) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Vuzix investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, y.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Vuzix Corporation (VUZI) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Vuzix Corporation (“Vuzix” or the “Company”) (NASDAQ: VUZI) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On March 27, 2024, Vuzix announced that it would be unable to timely file its 2023 annual report “due to the expanded nature of the audit for 2023 regarding certain transactions.

The Law Offices of Frank R. Cruz Announces Investigation of Vuzix Corporation (VUZI) on Behalf of Investors

ROCHESTER, N.Y. , March 27, 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 due to the expanded nature of the audit for 2023 regarding certain transactions and time required to complete it, the Company plans to file a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission that allows for a 15-day grace period for the filing of its Form 10-K.

Vuzix to Delay Filing of Its 10-K Annual Report and Postpone Related Investor Conference Call

69% of those surveyed see wearable augmented reality (AR) solutions supporting artificial intelligence (AI) and workflow optimization as being central to future warehouse operations The potential of AR technology to support existing human capital investments is widely confirmed ROCHESTER, N.Y. , March 7, 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 the release of a 2024 industry brief, "Revolutionizing Fulfillment Operations with Workforce Augmentation," created in partnership with Incisiv, one of the leading insights firms for digital transformation leaders.

2024 State of the Industry Brief on Warehouse Picking Supports a Strong Future Demand for Augmented Workforce

ROCHESTER, N.Y. , March 6, 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, will be showcasing AI and machine learning on Vuzix AR smart glasses in booth B7454 at Modex 2024, being held in the Georgia World Congress Center on March 11-14 in Atlanta, Georgia.

Vuzix Wholly Owned Subsidiary Moviynt to Showcase Breakthrough AI and Machine Learning Powered AR Smart Glasses Technology at Modex 2024

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Stock Surprises: 3 Companies Ready to Beat the Odds

- Nulitics and Wideum will join Vuzix at MWC24 to demonstrate object recognition and AI-enabled software solutions ROCHESTER, N.Y. , Feb. 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 will be showcasing its recently announced Vuzix Z100™ smart glasses at Mobile World Congress Barcelona 2024 (MWC24) taking place February 26-29 in Barcelona, Spain.

Vuzix To Showcase Cutting-Edge AR Smart Glasses Technology at Mobile World Congress Barcelona 2024

-         Vuzix CEO Paul Travers to Present at SPIE Photonics West today ROCHESTER, N.Y. , Jan. 30, 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 now has the ability to supply optical waveguides with integrated vision correction prescriptions, further expanding the applicability for real world ease of use for individuals requiring vision correction when wearing AR smart glasses and HMD solutions.

Vuzix Expands Its Market Leadership in Optical Waveguides with the Addition of Integrated Vision Correction Prescriptions

Vuzix (VUZI) reveals that its M400 smart glasses now feature the NTT XR Real Support solution, backed by NTT QONOQ.

Vuzix (VUZI) M400 Smart Glasses Feature NTT XR Support Solution

ROCHESTER, N.Y. , Jan. 29, 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 NTT QONOQ, the XR arm of NTT Group, Japan's leading company in the telecommunications business, now supports the use of its NTT XR Real Support solution on Vuzix M400™ smart glasses.

Vuzix Announces That NTT QONOQ Now Supports the Use of Its NTT XR Real Support Solution on Vuzix M400 Smart Glasses

Ophthalmologist Doctor Shabbir Khambati appointed as a founding board member ROCHESTER, N.Y. , Jan. 29, 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 has established an Optometry Advisory Board (OAB), whose primary purpose will be  to provide strategic input, guidance, and recommendations to Company management on vision correction issues and how to better build products and services to meet Vuzix' customer vision requirements.

Vuzix Establishes Ophthalmic Advisory Board to Better Serve Human Vision Correction Needs with AR Glasses

ROCHESTER, N.Y. , Jan. 17, 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 the immediate commencement of an expansive cost reduction program and its preliminary fourth quarter 2023 revenues.

Vuzix Announces Significant Cost Cutting Aligned with Tighter Focus on Select Smart Glasses and OEM AR Technologies

Sleek, safety glasses certified, smart glasses provide an attractive, all-day wearable interface between AI enhancement applications and human workers ROCHESTER, N.Y. , Jan. 9, 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 the unveiling of Vuzix Z100 smart glasses, which will initially be offered as a developer's edition.

Vuzix Introduces Z100 Smart Glasses to Seamlessly Connect Workers with AI Optimization Tools

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Wearable Tech 2.0: 3 Companies Innovating Beyond the Smartwatch

ROCHESTER, N.Y. , Dec. 6, 2023 /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 completed delivery against the final stage of a development program from a leading US-based defense contractor and information technology services provider.

Vuzix Completes Delivery to a Leading Defense Firm

Vuzix (VUZI) introduces its latest smart glass model, the Vuzix Ultralite S, featuring Incognito technology, wireless connectivity, waveguide optics and micro-display solutions.

Vuzix (VUZI) Unveils Its Latest Ultralite Smart Glass Model

-   Vuzix Ultralite S smart glasses win two CES 2024 Innovation Awards -   Sleek design represents an ideal form factor for the sports and fitness AR smart glasses markets ROCHESTER, N.Y. , Nov. 16, 2023 /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 expansion of its Vuzix Ultralite OEM PlatformSM with its new, award winning Ultralite S AR smart glasses aimed in part at sports and fitness users.

Vuzix Unveils Sports & Fitness Configuration of Ultralite Smart Glasses Platform with New Award Winning Ultralite S

-   Quanta to utilize Vuzix' advanced waveguides and display engines to manufacture next generation lightweight smart glasses ROCHESTER, N.Y. , Nov. 15, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, and Quanta Computer ("Quanta"), a Global Fortune 500 Company and worldwide leading Original Design Manufacturer (ODM), today announced that the two firms have entered into a partnership agreement which will support the manufacture of next generation lightweight smart glasses for the broader markets.

Vuzix Enters into a Partnership Agreement with Quanta Computer

Vuzix Corporation (NASDAQ:VUZI ) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Ed McGregor - Director of Investor Relations Paul Travers - President and Chief Executive Officer Grant Russell - Chief Financial Officer and Executive Vice President Conference Call Participants Matt VanVliet - BTIG Christian Schwab - Craig-Hallum Operator Greetings and welcome to the Vuzix Third Quarter Ending September 30th, 2023 Financial Results and Business Update Conference Call. At this time all participants are in a listen-only mode.

Vuzix Corporation (VUZI) Q3 2023 Earnings Call Transcript

-   Ends quarter with $3.2 million backlog of current OEM projects yet to be completed ROCHESTER, N.Y. , Nov. 9, 2023 /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 third quarter results for the three months ended September 30, 2023.

Vuzix Reports Third Quarter 2023 Results

ROCHESTER, N.Y. , Nov. 6, 2023 /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 breakthrough in optical waveguide design and performance for see-through AR smart glasses.

Vuzix Advances its Leadership Position in Waveguide Performance with New Vuzix INCOGNITO Technology

ROCHESTER, N.Y. , Nov. 3, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today refers to its press release dated November 2, 2023 (the "Press Release") announcing a partnership with and product information about EDAP TMS SA ("EDAP"), which is a recognized leader in the global therapeutic ultrasound market.

Vuzix Issues a Retraction of its November 2, 2023 Press Release

ROCHESTER, N.Y. , Nov. 3, 2023 /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 completed delivery against a follow-on order from a Tier-1 aerospace and defense contractors with which it has been working with.

Vuzix Completes Delivery to Tier-1 Aerospace and Defense Firm

ROCHESTER, N.Y. , Nov. 2, 2023 /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 EDAP TMS SA ("EDAP"), a global leader in robotic energy-based therapies, whereby Vuzix will supply its M400 smart glasses to be used in conjunction with EDAP's  Focal One Robotic High Intensity Focused Ultrasound (HIFU) Platform for device setup, troubleshooting, and applications use.

Vuzix Announces Partnership with EDAP TMS to Supply Smart Glasses for its Focal One® Robotic High Intensity Focused Ultrasound Platform

ROCHESTER, N.Y. , Oct. 26, 2023 /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 third quarter 2023 operating results at 4:30 PM Eastern Time (ET), November 9, 2023.

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