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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

-   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.

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

Lantronix

Marqeta

Nerdy

Skillsoft

Telos

Wolfspeed

With so much hype baked into compelling innovations such as artificial intelligence, it's only natural that certain tech stocks exploded higher in the market. However, some of the bravado has been fading for the once-screaming-hot enterprises.

Silent Movers: 7 Under-the-Radar Tech Stocks You Need to Start Watching

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

Matterport

QUALCOMM

Roblox

Snap

Unity Software

I know what you're thinking. It's far too late to be figuring out which metaverse stocks to sell.

7 Metaverse Stocks to Move to Your Portfolio Trash Bin NOW

-  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

Metaverse stocks were the talk of the town for quite some time. So much so, that Mark Zuckerberg invested billions of dollars in the idea, and even changed the name of his social networking company, Facebook to Meta Platforms (NASDAQ: META ).

Beware! 3 Metaverse Stocks Waving Massive Red Flags Right Now.

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

ShotSpotter

Universal Technical Institute

If wagering on small-capitalization companies wasn't enough of a challenge, you could be interested in micro-cap stocks to buy. And if you think I'm about to launch into a warning, you're absolutely right.

The 3 Most Undervalued Micro-Cap Stocks to Buy in September 2023

Zedge

Metaverse stocks emerged with a bang a couple of years ago. In fact, Mark Zuckerberg even changed the name of his social media company to Meta Platforms (NASDAQ: META ), cementing the idea that the metaverse would be the destination of the future.

3 Metaverse Stocks to Sell in September Before They Crash & Burn

Identiv

TransAct Technologies

The Zacks Computer-Peripheral Equipment industry players like Vuzix (VUZI), Identiv (INVE) and TransAct Technologies (TACT) are benefiting from the growing demand for professional gaming accessories, touchscreen and wireless devices.

3 Computer Peripheral Stocks to Buy From a Prospering Industry

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.

News for Vuzix Stock (VUZI)