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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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.

Vuzix Schedules Conference Call to Discuss Third Quarter 2023 Financial Results and Business Update

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ROCHESTER, N.Y. , Oct. 23, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will showcase solutions for connected workers using Vuzix AR smart glasses on the Verizon 5G Network at Augmented Enterprise Summit (AES) during Oct 24-26 in Houston, TX.

Vuzix to Showcase 5G AR Solutions for Connected Workers on Verizon's 5G Network at AES 2023

ROCHESTER, N.Y. , Oct. 16, 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 recently received and partially delivered against additional follow-on and new design orders from three Tier-1 aerospace and defense contractors with which it has been working.

Vuzix Continues to Receive Follow-on and New Design Orders from Multiple Tier-1 Aerospace and Defense Firms

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-  Begins initial production of waveguides for in-house and OEM programs ROCHESTER, N.Y. , Sept. 26, 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 that it has certified and commenced sampling waveguides for both in-house and OEM programs at its new state-of-the-art mega manufacturing facility, meeting the Company's timeline objectives.

Vuzix New State-of-the-Art Manufacturing Plant for Optical Waveguides Opens

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ROCHESTER, N.Y. , Sept. 20, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that the Company will be broadly showcasing its Vuzix M400® and Vuzix Blade 2® smart glasses at Deutsche Telekom's ("DT") Digital X 2023 exhibition, taking place September 20-21 in Cologne, Germany.

Zoom X Running on Vuzix Smart Glasses Highlights 5G Solutions at Deutsche Telekom's Digital X 2023 Exhibition

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The heavy selling pressure might have exhausted for Vuzix (VUZI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -13.58% in 4 Weeks, Here's Why You Should You Buy the Dip in Vuzix (VUZI)

ROCHESTER, N.Y. , Sept. 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 that it has entered into a distribution agreement with The Printer Distribution Company ("PDC"), an Africa-based value-added technology distributor of leading solutions in front office, back office and networking applications.

Vuzix Signs Distribution Agreement with PDC and Receives Initial Volume Smart Glasses Order

Vuzix (VUZI) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Vuzix (VUZI) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Vuzix Corporation (NASDAQ:VUZI ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Ed McGregor – Director-Investor Relations Paul Travers – Chief Executive Officer Grant Russell – Chief Financial Officer and Executive Vice President Conference Call Participants Matt VanVliet – BTIG Tyler Burmeister – Craig-Hallum Capital Jack Vander Aarde – Maxim Group Jim McIlree – Dawson James Operator Greetings, and welcome to the Vuzix Second Quarter Ending June 30, 2023 Financial Results and Business Update Conference Call. At this time all participants are in a listen-only mode.

Vuzix Corporation (VUZI) Q2 2023 Earnings Call Transcript

Vuzix (VUZI) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.16 per share a year ago.

Vuzix (VUZI) Reports Q2 Loss, Tops Revenue Estimates

- Total Q2 2023 revenue rose 56% year-over-year and 12% quarter-over-quarter ROCHESTER, N.Y. , Aug. 8, 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 second quarter results for the three months ended June 30, 2023.

Vuzix Reports Q2-2023 Operating Results Driven by Record Smart Glasses Sales

ROCHESTER, N.Y. , July 24, 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 second quarter 2023 operating results at 4:30 PM Eastern Time (ET), August 8, 2023.

Vuzix Schedules Conference Call to Discuss Second Quarter 2023 Financial Results, Business Update and Record Smart Glasses Sales

ROCHESTER, N.Y. , July 10, 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 the receipt of an OEM purchase order for engineering services and waveguide and display engine products from a US-based company that is a leading provider of sophisticated digital imaging products for aerospace and defense, and instrumentation solutions across multiple commercial and industrial systems.

Vuzix Receives OEM Order from Client Enabling Imaging Technology Solutions for Government, Defense and Commercial Markets

Vuzix Corporation (NASDAQ: VUZI) makes augmented reality (AR) glasses and solutions for the manufacturing, healthcare, aerospace, military and industrial industries. Most consumers might equate AR glasses to gaming or entertainment, but work applications are continuing to grow as the need for mobility and hands-free operativity becomes more prevalent.

Vuzix Sees Sales Accelerate For Its AR Smart Glasses

Webinar title: "Accelerate AR Adoption for your Frontline Workers: Five Easy Steps to Evaluate and Deploy AR Solutions" ROCHESTER, N.Y. , June 26, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will be hosting an upcoming webinar with partner TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions.

Vuzix and TeamViewer to Host Enterprise AR Adoption Webinar on June 28th

Vuzix Corporation, a smart glasses and augmented reality manufacturer, showed improved financial performance in 2023 Q1, with increased revenue and gross margin. Despite positive growth, the company faces challenges in achieving profitability, high customer concentration, inventory obsolescence, and misalignment of interests between management and shareholders. Recent partnerships and potential for AI applications present opportunities for Vuzix to leverage its market position and drive future revenue growth.

News for Vuzix Stock (VUZI)