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. , Jan. 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 multiple OEM purchase orders for engineering services and products from three previously undisclosed defense firms and one previously undisclosed commercial customer.

Vuzix Receives OEM Purchase Orders from Multiple Defense and Commercial Customers

ROCHESTER, N.Y. , Jan. 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 Xander™, a Boston-based early-stage startup, is using the Vuzix Blade™ to power its XanderGlasses™, a  smart glasses solution that displays real-time captions of in-person conversations to help people with hearing loss.

Vuzix Blade Powers Xander's Real-Time Captioning XanderGlasses for the Deaf and Hard of Hearing

ROCHESTER, N.Y. , Dec. 21, 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 entered into a distribution agreement with Elmark Automation ("Elmark"), an established Poland-based distributor of a broad range of industrial and electronic products.

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

-     Primary goals include productivity and safety improvement and skill pass through ROCHESTER, N.Y. , Dec. 19, 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 Fujitec Co., Ltd.

Fujitec Commences Full-Scale Deployment within Japan of Vuzix Smart Glasses to Support Workforce Maintenance and Training

ROCHESTER, N.Y., Dec. 9, 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 the upcoming Oppenheimer 5G Summit: The Revolution Continues conference being held virtually on Tuesday, December 13.

Vuzix to Discuss the AR Industry and its Smart Glasses Solutions at the Oppenheimer 5G Virtual Summit on December 13

ROCHESTER, N.Y. , Dec. 1, 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 Kyocera, a Japanese multinational supplier technology and healthcare products and components, has developed a cardiac rehabilitation treatment in collaboration with Tokyo Medical Dental University (TMDU) that employs Vuzix Blade® smart glasses.

Kyocera and Tokyo Medical Dental University Develop Cardiac Rehabilitation Therapy Employing Vuzix Blade Smart Glasses

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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.

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