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. , May 17, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will host a conference call regarding a new major corporate development at 4:30 PM Eastern Time (ET), May 18, 2022.

Vuzix Schedules Conference Call to Discuss New Corporate Development

Vuzix Corporation (NASDAQ:VUZI) has announced that its M400 smart glasses have received ISO class 2 certification to run in clean room environments. The company said the certification meant the M400 only emits a maximum of 8 particles of size 0.1 µm and 3 particles of size 0.2 µm in one minute per cubic foot of air.

Vuzix announces clean room certification for its M400 smart glasses

ROCHESTER, N.Y., May 13, 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 M400 smart glasses has been tested for airborne particle purity and has received ISO class 2 certification.

Vuzix M400 Smart Glasses Receive ISO Class 2 Certification to Run in Clean Room Environments

Vuzix Corp, Inc. (NASDAQ:VUZI ) Q1 2022 Earnings Conference Call May 10, 2022 4:30 PM ET Company Participants Ed McGregor - Director, IR Paul Travers - Founder, Chairman, CEO & President Grant Russell - CFO, EVP, Treasurer & Director Conference Call Participants Tyler Burmeister - Craig-Hallum Matthew VanVliet - BTIG Jack Aarde - Maxim Group James McIlree - Dawson James Securities Operator Greetings, and welcome to the Vuzix First Quarter ending March 31, 2022 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode.

Vuzix Corp, Inc. (VUZI) CEO Paul Travers on Q1 2022 Results - Earnings Call Transcript

Vuzix Corp (NASDAQ: VUZI) reported a first-quarter sales decline of 36.1% year-over-year to $2.5 million, missing the consensus of $3.4 million. The decrease reflected lower sales of Vuzix smart glasses products, a decline of 37% Y/Y.

Vuzix Stock Slides After Reporting Q1 Below Street Expectation

Vuzix Corporation (NASDAQ:VUZI), an augmented reality technology company, projects adoption of its smart glasses to accelerate in the coming months despite supply chain issues and geopolitical uncertainties impacting its first quarter, the company announced. The firm said its outlook for 2022 remains "quite positive" despite continuing and challenging supply chain, geopolitical, and economic uncertainties, according to CEO Paul Travers.

Vuzix CEO calls 2022 outlook "quite positive" as geopolitical concerns influence smart glasses clients in 1Q

ROCHESTER, N.Y. , May 10, 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 first quarter results for the period ended March 31, 2022.

Vuzix Reports First Quarter 2022 Results

ROCHESTER, N.Y. , May 6, 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 recently received additional follow-on orders from three defense contractors with which it has been working.

Vuzix Receives Multiple Waveguide-based Product Reorders from Defense Contractors

Vuzix Corporation (NASDAQ:VUZI) announced that it will be rolling out its original equipment manufacturer (OEM) design and manufacturing platform for both advanced waveguides and micro-display technologies at SID Display Week 2022 at the San Jose Convention Center in San Jose, California from May 10 to 12. The supplier of smart glasses and augmented reality technologies said it expects the offering will enable customers to reduce costs and ensure the highest quality with Vuzix OEM components, advanced waveguide optics and the world's tiniest display engines.

Vuzix set to reveal its OEM design and manufacturing platform offering at SID Display Week 2022

-    Vuzix to Exhibit White Label OEM Services at SID Display Week 2022 ROCHESTER, N.Y. , May 4, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will be exhibiting at SID Display Week 2022 at the San Jose Convention Center in San Jose, California on May 10-12.

Vuzix Announces OEM Design and Manufacturing Platform Offering for the Broader Markets from Consumer to Defense

Vuzix Corporation (NASDAQ:VUZI), a leading supplier of smart glasses and augmented reality (AR) technology and products, has announced the release of an OS update, Version 2.5, for its M400 and M4000 smart glasses. The Rochester, New York-based company noted that the update follows on the heels of its recently expanded distribution footprint in Europe and Asia, and provides increased language support, including voice recognition of speech commands, for 28 languages.

Vuzix says its M-Series smart glasses now fully support 28 languages

-         New OS update gives M-Series glasses the industry's broadest language support  -         Webinar on May 5 with Vivoka will review this expanded language support ROCHESTER, N.Y. , April 29, 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 the release of an OS update, Version 2.5, for its M400 and M4000 smart glasses.

Vuzix M-Series Smart Glasses Now Fully Support 28 Languages

-     Vuzix donates smart glasses for use in Ukraine to support the assisted treatment of the wounded ROCHESTER, N.Y. , April 27, 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 collaborated with Ohana One, a global surgical training nonprofit organization whose mission is to cultivate high-quality surgical and anesthesia programs in developing areas around the world today, and TeleVU, an Ontario technology company offering innovative AR, AI and IoT solutions with a special focus on healthcare, to provide critical support to medical personnel in war-torn Ukraine.

Vuzix Collaborates with Ohana One and TeleVU to Provide Medical Support to Doctors in War-Torn Ukraine

Vuzix will be showing off some of its new tech at an upcoming conference.

Why Vuzix Stock Rallied Nearly 14% Today

ROCHESTER, N.Y. , April 25, 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 first quarter 2022 operating results at 4:30 PM Eastern Time (ET), May 10, 2022.

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

Vuzix will also be supporting TeamViewer and Librestream at this event ROCHESTER, N.Y. , April 25, 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 showcasing its smart glasses at Field Service Palm Springs 2022 taking place April 26-28 in Palm Springs, CA.

Vuzix To Showcase Its Industry-Leading Family of Smart Glasses at Field Service Palm Springs 2022

Vuzix Corporation (NASDAQ:VUZI) said it has received an additional follow-on order for its Vuzix Blade Smart Glasses from Medacta. The Rochester, New York-based company said the order is in connection with Medacta's launch of its NextAR shoulder augmented reality surgical platform in Europe and the US.

Vuzix receives additional order for Vuzix Blade Smart Glasses from Medacta

Volume follow-on order for Vuzix Blades received as a proven hardware solution of choice ROCHESTER, N.Y. , April 22, 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 an additional follow-on volume order of Vuzix Blade® Smart Glasses from Medacta in connection with that company's launch of their NextAR™ shoulder augmented reality surgical platform in Europe and the US.

Vuzix Blade Smart Glasses Support Medacta's Launch of its NextAR™ Shoulder Augmented Reality Surgical Platform in Europe and the US

Vuzix Corporation (NASDAQ:VUZI), a leading supplier of smart glasses and augmented reality (AR) technology and products, has announced it has received a low six-figure dollar follow-on order for additional customized waveguide-based head-worn AR display engines from a major US defense contractor.  The Rochester, New York-based company said it expects further non-recurring engineering (NRE) revenues in subsequent phases before a customer-accepted final product design leads to an eventual production program order.

Vuzix receives follow-on order for waveguide-based head-worn display engines from major US defense contractor

ROCHESTER, N.Y. , April 20, 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 low six figure dollar follow-on order for additional customized waveguide-based head-worn AR display engines from a major US defense contractor.

Vuzix Receives Follow-On Order for Waveguide-Based Head-Worn Display Engines from a Major US Defense Contractor

Vuzix Corporation (NASDAQ:VUZI) has announced the introduction of the Zoom for smart glasses application by Vuzix on the Zoom App Marketplace. The company, a leading supplier of smart glasses and augmented reality (AR) technology and products, said the collaboration between Vuzix and Zoom will enhance the overall awareness and distribution of smart glasses to Zoom's enterprise customers.

Vuzix says Zoom App Marketplace now supports Zoom for Smart Glasses by Vuzix

Collaboration between Vuzix and Zoom will enhance the overall awareness and distribution of smart glasses to Zoom's enterprise customers ROCHESTER, N.Y. , April 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 the introduction of the Zoom for smart glasses application by Vuzix on the Zoom App Marketplace.

Zoom for Smart Glasses by Vuzix now Supported by the Zoom App Marketplace

ROCHESTER, N.Y. , April 12, 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 a reseller agreement with Opsivity, a Software-as-a-Service (SaaS) provider of field operations support focused on harnessing knowledge and sharing operational expertise that solves technical issues in real-time.

Vuzix Announces Reseller Agreement with Field Operations Support Provider Opsivity

Vuzix Corporation (NASDAQ:VUZI), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, has formalized a reseller agreement with VR Expert -- one of Europe's leading providers of VR & AR hardware.  VR Expert, which has been an active reseller of Vuzix products over the past year, has recently placed follow-on orders for various sets of Vuzix smart glasses that "had a multiple six-figure total dollar value," Vuxix said in a statement.

Vuzix formalizes reseller agreement with VR Expert, strengthening its foothold in Europe

VR Expert places multiple follow-on orders for Vuzix smart glasses ROCHESTER, N.Y. , April 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 it has formalized a reseller agreement with VR Expert, one of Europe's leading providers of VR & AR hardware.

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