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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Vuzix Corporation (NASDAQ:VUZI) said it had received a follow-up order for its Smart Glasses from its reseller AMA for immediate delivery. AMA has seven years of experience in remote assistance solutions, helping medical institutions and industrial organizations accelerate their digital transformation.

Vuzix says that customer AMA has placed another order for its Smart Glasses

ROCHESTER, N.Y., Dec. 21, 2021 /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 Company has received a recent further follow-on purchase order for Vuzix Smart Glasses for immediate delivery from AMA (EURONEXT GROWTH: ALAMA), a Vuzix Value-Added Reseller (VAR) and pioneer in remote assistance solutions.

Vuzix Receives Another Follow-On Smart Glasses Order from AMA to Support its Expanding Worldwide Customer Base

Vuzix Corporation (NASDAQ:VUZI) announced that Forbes has named it one of America's Top 100 small companies for 2022 in its recently-released list. Vuzix was ranked 69th on the list with a 52-week return of 223.7%.

Vuzix included in the Forbes Top 100 US small companies for 2022

ROCHESTER, N.Y., Dec. 6, 2021 /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 Forbes has named it one of America's top 100 small companies for 2022 in its recently released list.

Vuzix Named One of America's Best Small Companies by Forbes

Vuzix Corporation (NASDAQ:VUZI) has signed a distribution agreement with Barcotec GmbH, a European supplier of innovative hardware device management cloud services to companies and institutions. In a statement, Vuzix said it has received and shipped against an initial order from Barcotec for its Vuzix Smart Glasses.

Vuzix signs distribution agreement with Austrian firm, receives initial Smart Glasses order

ROCHESTER, N.Y., Dec. 3, 2021 /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 signed a distribution agreement with Barcotec GmbH ("Barcotec"), a European supplier of innovative hardware, a device management cloud and a complete service package to regional and international companies and institutions, and has received and shipped against an initial order from them for Vuzix Smart Glasses.

Vuzix Signs Distribution Agreement with Barcotec GmbH and Receives Initial Smart Glasses Order

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ROCHESTER, N.Y., Nov. 19, 2021 /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 a webinar with TeleVU Innovation ("TeleVU"), a Canadian Tech company developing user-friendly communication solutions for smart glasses that provide a secure, live audio-visual link between frontline clinicians and remote experts anywhere in the world.

Vuzix and TeleVU Webinar Will Highlight Smart Glasses Harnessing the Power of AR and AI in Virtual Healthcare

Vuzix Corporation (NASDAQ:VUZI) said it has been named a multiple CES 2022 Innovation Awards Honoree for Vuzix Shield, the company's line of next-generation smart glasses.  The CES Innovation Awards program is an annual competition honoring outstanding design and engineering in consumer technology products.

Vuzix says its Vuzix Shield smart glasses named as honoree for multiple CES 2022 Innovation Awards

ROCHESTER, N.Y., Nov. 11, 2021 /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 that it has been named a multiple CES® 2022 Innovation Awards Honoree for Vuzix Shield™.

Vuzix Shield™ Smart Glasses Named as Honoree for Multiple CES 2022 Innovation Awards

The company just released its Q3 earnings.

Why Vuzix Corporation Popped 19% on Tuesday

ROCHESTER, N.Y., Nov. 9, 2021 /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 12th Annual Augmented World Expo USA Event, which is being held November 9-11 at Santa Clara Convention Center in Santa Clara, California.

Vuzix to Participate in 12th Annual Augmented World Expo USA Event

Vuzix Corporation (NASDAQ:VUZI) announced its third-quarter results ending September 30, 2021, reporting a total revenue increase of 9% to $3 million, compared to $2.8 million during 3Q 2020. The Rochester, New York-based company said the increase in total revenue was due to higher sales of its smart glasses products that increased by 12% in 3Q 2021, compared to 3Q 2020.

Vuzix announces third quarter results, reports total revenue increase of 9% to $3M

Vuzix Corporation (VUZI) CEO Paul Travers on Q3 2021 Results - Earnings Call Transcript

ROCHESTER, N.Y., Nov. 8, 2021 /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, 2021.

Vuzix Reports Continued Smart Glasses Growth in Q3-2021

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ROCHESTER, N.Y., Nov. 5, 2021 /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 following upcoming virtual investor conferences.

Vuzix to Participate in Four Upcoming Investor Conferences

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Vuzix Corporation (NASDAQ:VUZI) said it has received a follow-on order for the deployment of its Smart Glasses to another Fortune 50 customer.  The company noted that the unnamed customer will use the Vuzix Smart Glasses to support its supply chain operations internationally.

Vuzix receives Smart Glasses follow-on order to support another Fortune 50 customer

ROCHESTER, N.Y., Nov. 3, 2021 /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 has received a follow-on order for deployment of  Vuzix Smart Glasses to another Fortune 50 customer to support its supply chain operations internationally.

Vuzix Receives Follow-On Order to Support Another Fortune 50 Customer's Supply Chain Operations

Vuzix Corporation (NASDAQ:VUZI) has announced that The AVR Lab, a distributor of Vuzix Smart Glasses products to the Australian and New Zealand markets, continues to place follow-on orders. In a statement, Vuzix said customer-use cases to date have included on-site inspection and maintenance, work instructions and remote technical support, and on-the-job training.

Vuzix announces follow-on order for its Smart Glasses from Australian and New Zealand distributor

ROCHESTER, N.Y., Oct. 28, 2021 /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 report that Newsweek has included Vuzix in their 2021 list for Most Loved Workplaces, which ranks the top 100 companies as part of a collaboration with the Best Practice Institute (BPI), a development center and think tank.

Vuzix Named to Newsweek's Top 100 Most Loved Workplaces For 2021

ROCHESTER, N.Y., Oct. 28, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will participate in a panel discussion at the Pioneers of Health Tech, a virtual event being held today, October 28, 2021.

Vuzix to Discuss Today its Growing Healthcare Business at Pioneers of Health Tech

ROCHESTER, N.Y., Oct. 19, 2021 /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 2021 operating results at 4:30 PM Eastern Time (ET), November 8, 2021.

Vuzix Schedules Conference Call to Discuss Third Quarter 2021 Financial Results and Business Update

ROCHESTER, N.Y., Oct. 18, 2021 /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 Vuzix President and CEO Paul Travers will give a company presentation titled "Smart Glasses Solutions in the COVID-19 Challenging Environment" at CEATEC on Tuesday, October 19 at 12:00pm JST (Monday, October 18 at 11:00pm ET).

News for Vuzix Stock (VUZI)