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

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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.

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ROCHESTER, N.Y., Jan. 11, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, confirmed today as part of its other CES new product announcements around its next...

Vuzix Confirms that it has Entered into a Joint Manufacturing and Supply Agreement with Jade Bird Display for MicroLED-Based Display Engine and Waveguide Products

ROCHESTER, N.Y., Jan. 8, 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 presenting at the Needham Virtual Growth...

Vuzix to Discuss the Growing Augmented Reality Market and its Industry Leading Smart Glasses at the Needham Growth Conference

ROCHESTER, N.Y., Jan. 4, 2021 /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 the Phase 2 design, development and delivery of a customized...

Vuzix Completes Phase 2 Development and Delivers Customized Waveguide-Based Head-Worn Display Engine to a Major US Defense Contractor

Investors appear happy about the company's latest smart glasses order.

Why Vuzix Stock Spiked Today

ROCHESTER, N.Y., Dec. 29, 2020 /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 multiple follow-on purchase orders this month for...

Vuzix Receives Follow-On M400 Smart Glasses Orders from European Reseller to Support Manufacturing, Field Service and Healthcare Customers

ROCHESTER, N.Y., Dec. 28, 2020 /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 Next Generation Smart Glasses (NGSG) has received multiple CES...

­­Vuzix Next Generation Smart Glasses Captures 3 CES 2021 Innovation Awards for Outstanding Design and Engineering

ROCHESTER, N.Y., Dec. 22, 2020 /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 entered into a supply agreement for ongoing business with...

Vuzix Enters into an Agreement with a Leading U.S. General Merchandise Retailer and Receives an Initial Deployment Order for M400 Smart Glasses

ROCHESTER, N.Y., Dec. 21, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, has announced that the Vuzix Blade® Smart Glasses was used to aid the first AR total knee replacement surgery conducted...

Vuzix Blade Aids First Augmented Reality Smart Glasses-Based Total Knee Replacement Surgery in the U.S.

ROCHESTER, N.Y., Dec. 17, 2020 /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 Envirotainer, the global market leader in secure cold chain solutions...

Envirotainer Deploys Vuzix Smart Glasses-Based Remote Training to Support its Active Temperature-Controlled Containers for COVID-19 Vaccine and Pharmaceutical Shipments

ROCHESTER, N.Y., Dec. 16, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology, has announced an exciting new development for the construction surveying process. Available in the European market, the Vuzix Smart...

Vuzix Smart Glasses Provide Major Productivity Boost to Construction Sites Across Europe

Plug Power

ROCHESTER, N.Y., Dec. 15, 2020 /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 Plug Power (NASDAQ: PLUG), a leading provider of hydrogen engines and...

­­­­Plug Power Develops Vuzix Smart Glasses-Based Remote Training and Onboarding Program to Support its Hydrogen Fuel Cells

ROCHESTER, N.Y., Dec. 14, 2020 /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 providing an industry perspective on the usage of...

­­­­Vuzix to Provide an Industry Perspective on the Usage of Augmented Reality Smart Glasses in Healthcare

ROCHESTER, N.Y., Dec. 9, 2020 /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 CH Four Biogas®, a leading producer of anaerobic digestion and...

CH Four Biogas Deploys Vuzix Smart Glasses to Reduce its Costs and Carbon Footprint for Remote Inspections

Smart glasses technology is reaching maturity. Vuzix is making the right moves to find use cases for this product especially now in the wake of the coronavirus situation. This industry is set to grow rapidly at a CAGR of 15% to reach around $50 billion by 2024.

Vuzix: Gaining Momentum, Ready For Another Look

ROCHESTER, N.Y., Dec. 2, 2020 /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 Pixee Medical, a France-based medical company, has placed follow-on...

­­Vuzix Receives Follow-on Smart Glasses Orders from Pixee Medical to Support European Commercialization of their Augmented Reality Smart Glasses Solution for Orthopedic Surgery

ROCHESTER, N.Y., Dec. 1, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced expanded availability and upgraded support of its Zoom (including Zoom for...

Vuzix Upgrades Support for Zoom, Skype for Business and Webex Teams Connector Applications along with Additional Camera Control Functionality

ROCHESTER, N.Y., Nov. 30, 2020 /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 Valmet, a leading global developer and supplier of technologies,...

PGE Group Deploys Vuzix M400 Smart Glasses to Support Maintenance of Windfarms

ROCHESTER, N.Y., Nov. 12, 2020 /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 initial follow-on orders and delivered M400...

Vuzix Continues to Receive Multiple Follow-On M400 Smart Glasses Orders from Both Resellers and End Customers to Support Business Operations Amid COVID-19 Pandemic

NEW YORK, Nov. 12, 2020 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Vuzix Corporation (NASDAQ: VUZI). If you are a...

SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Vuzix Corporation for Potential Breaches of Fiduciary Duty By Its Board of Directors

ROCHESTER, N.Y., Nov. 10, 2020 /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 recently received multiple follow-on orders for M400 Smart...

Vuzix Receives Continuing Smart Glasses Follow on Orders from 1Minuut Innovation in Response to COVID-19 Healthcare Needs in the Netherlands

Vuzix Corporation (VUZI) CEO Paul Travers on Q3 2020 Results - Earnings Call Transcript

Shares of Vuzix (NASDAQ:VUZI) decreased 2.37% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 27.78% year over year to ($0.13), which missed the estimate of ($0.12).

Vuzix: Q3 Earnings Insights

Vuzix smart glasses revenues for the third quarter increased 156% year-over-year ROCHESTER, N.Y., Nov. 9, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today...

Vuzix Reports Record Smart Glasses Revenues and Provides Business Outlook

ROCHESTER, N.Y., Nov. 5, 2020 /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 Newcastle University, a UK public research university, has deployed...

Vuzix Smart Glasses Enables Continuous Research of Blood Cells and the COVID-19 Virus at Newcastle University

ROCHESTER, N.Y., Nov. 3, 2020 /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 Istanbul University Faculty of Dentistry, via local Vuzix distributor...

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