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 Q4 2020

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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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Vuzix Corporation (NASDAQ:VUZI ) Q3 2022 Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants Ed McGregor - Director of Investor Relations Paul Travers - CEO, President and Director Grant Russell - CFO, Executive Vice President, Treasurer and Director Conference Call Participants Matt VanVliet - BTIG Tyler Burmeister - Craig-Hallum Capital Jack Codera - Maxim Group Operator Greetings, and welcome to the Vuzix Third Quarter Ending September 30, 2022 Financial Results and Business Update Conference Call. At this time all participants are in a listen-only mode.

Vuzix Corporation (VUZI) Q3 2022 Earnings Call Transcript

Vuzix (VUZI) delivered earnings and revenue surprises of 6.25% and 13.85%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Vuzix (VUZI) Reports Q3 Loss, Tops Revenue Estimates

ROCHESTER, N.Y. , Nov. 9, 2022 /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 period ended September 30, 2022.

Vuzix Reports Double Digit Revenue Growth in Q3 2022

ROCHESTER, N.Y. , Nov. 3, 2022 /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 Vuzix M400C™ smart glasses are now available for customer orders in the US, Canada, UK, EU and Japan.

Vuzix Announces General Availability of M400C Smart Glasses

Vuzix is eligible for up to $1 million from Empire State Development to support regional job creation through the Excelsior Jobs Tax Credit Program WEST HENRIETTA, N.Y. , Nov. 3, 2022 /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 new lease for floor space in a building adjacent to its West Henrietta headquarters for the express purpose of expanding its waveguide production capacity.

Vuzix Leases New Manufacturing Space to Support the Expansion of Its Waveguide Production Capacity

-     Solutions will support optimization of mobile workflows that address handheld scanners, mobile phones and wearable devices for warehousing and logistics customers -     The acquisition is expected to be immediately accretive ROCHESTER, N.Y. , Nov. 1, 2022 /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 acquired Moviynt®, a US-based SAP Certified ERP platform software solution provider, to support handheld mobile phones and scanners used in logistics, warehousing and manufacturing applications.

Vuzix Acquires SAP Software Solution Provider Moviynt™

ROCHESTER, N.Y. , Oct. 19, 2022 /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 Bill Beltz has joined the Company as VP of Global Sales.

Sales Veteran Bill Beltz Joins Vuzix in the New Position of Vice President of Global Sales

ROCHESTER, N.Y. , Oct. 19, 2022 /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 be participating in two upcoming trade show conferences, AES and AWE-EU.

Vuzix to Demonstrate its Industry-Leading Smart Glasses Solutions at Upcoming AES and AWE-EU Trade Show Conferences

ROCHESTER, N.Y. , Oct. 18, 2022 /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 2022 operating results at 4:30 PM Eastern Time (ET), November 9, 2022.

Vuzix Schedules Conference Call to Discuss Third Quarter 2022 Financial Results and Business Update

ROCHESTER, N.Y. , Oct. 17, 2022 /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 Vuzix Blade® smart glasses have been selected by Vuzix' Korean distributor Xpertinc Co., Ltd.

Vuzix Blade Smart Glasses Support Xpertinc's Closed Captioning C-Sound Solution for the Deaf and Hearing Impaired

ROCHESTER, N.Y. , Oct. 11, 2022 /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 received and shipped against a volume purchase order from HongKe Technology Co., Ltd.

Vuzix Expands Asia-Pacific Presence with Volume Smart Glasses Order from Distribution Partner HongKe

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ROCHESTER, N.Y. , Oct. 6, 2022 /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 NSION, an innovator in the situational awareness, secure media, and data management market, has made Vuzix an approved technology partner for its NSC3™ seamless situational awareness solution primarily designed for the DoD, security customers and first responders, but also usable by new markets for NSION including enterprise and healthcare.

Vuzix Smart Glasses Selected to Support NSION's Seamless Situational Awareness Solution for DOD and First Responders

ROCHESTER, N.Y. , Oct. 3, 2022 /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 received and shipped against an initial volume purchase order from Hodei Technology, an Indiana-based developer and seller of secure, enterprise collaboration solutions designed for a global, connected, and remote workforce, to support the company's newly launched Klabra platform.

Hodei Technology Partners with Vuzix to Support Its New Klabra Platform and Places Initial Volume Purchase Order

ROCHESTER, N.Y. , Sept. 28, 2022 /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 Blade 2™ smart glasses, the third generation Blade model, are now generally available to customers in the US, Canada, UK, EU and Japan.

Vuzix Announces General Availability of Blade 2™ Smart Glasses

ROCHESTER, N.Y. , Sept. 14, 2022 /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 received an award from Deutsche Telekom (DT) at Digital X 2022 for Enterprise Technology of the Year, Connected Workforce.

Vuzix Receives Award from Deutsche Telekom at Digital X 2022 for Enterprise Technology of the Year, Connected Workforce

Vuzix invited to highlight new Zoom X conferencing service at event ROCHESTER, N.Y. , Sept. 9, 2022 /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 broadly showcasing its M400 smart glasses at Deutsche Telekom's ("DT") Digital X 2022 exhibition, taking place September 13-14 in Cologne, Germany.

Vuzix Smart Glasses Supporting Deutsche Telekom's Enhanced Telephony for Connected Workers at Digital X 2022

Successful trial results could lead to a broad rollout beginning in 2023 ROCHESTER, N.Y. , Sept. 7, 2022 /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 Toppan, a diversified global provider driving digital transformation solutions, is using Vuzix smart glasses in its RemoPick system, which is currently being trialed at a 7-11 store in Iizuna, Japan.

Toppan's RemoPick System Uses Vuzix Smart Glasses to Support Remote Order Picking Trial for Homebound Seniors in Japan

Vuzix is a leader in the smart glasses and augmented reality headset industry. The company saw a surge in sales during the pandemic.

Vuzix: Leading An Innovative Industry

Vuzix Corporation (NASDAQ:VUZI) has announced the launch of its Blade 2 smart glasses - the latest iteration of its Blade model. The glasses list for $1299.99 and will be available to buy on the company's website in September this year for shipment within the US, EU, UK, Canada and Japan.

Vuzix Corp announces launch of Blade 2 smart glasses, the latest iteration of the model

New model runs Android 11 and offers added security features and improved connectivity ROCHESTER, N.Y. , Aug. 24, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today introduced Blade 2™ smart glasses, its third generation Blade model.

Vuzix Announces Vuzix Blade 2™ Smart Glasses: High Performance AR Eyewear in a Stylish Form Factor for the Deskless Workforce

Vuzix Corporation (NASDAQ:VUZI) said it has received a follow-on, six-figure order for additional pre-production units from a global tier-1 aerospace defense firm for their customized avionics waveguide-based head-mounted display (HMD) system. The company said the customized HMD waveguide and HD display engine development program with this customer continues to expand and move toward production.

Vuzix receives additional order from global tier-1 aerospace and defense firm for their waveguide-based head-mounted display system

ROCHESTER, N.Y. , Aug. 11, 2022 /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 a follow-on six-figure order for additional pre-production units from a global Tier-1 aerospace and defense firm for their customized avionics waveguide-based head mounted display (HMD) system.

Vuzix Receives Order for Additional Units for a Waveguide-Based HMD System from a Global Tier-1 Aerospace and Defense Firm

Investors were happy with the company's second-quarter revenue.

Why Vuzix Stock Skyrocketed Today

Vuzix Corporation (NASDAQ:VUZI) has reported second-quarter revenue of $3.0 million, up 3% from a year earlier, with growth expected to continue for the remainder of the year. "Despite the macro challenges that persisted throughout our second quarter, we were able to achieve both sequential and modest year-over-year product sales growth," Vuzix president and CEO Paul Travers said in a statement announcing the company's results.

News for Vuzix Stock (VUZI)