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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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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Vuzix (VUZI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Vuzix (VUZI) Report Negative Earnings Next Week? What You Should Know

ROCHESTER, N.Y., Oct. 29, 2020 /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...

Vuzix Schedules Conference Call to Discuss Third Quarter 2020 Financial Results and Business Update

ROCHESTER, N.Y., Oct. 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 that Valmet, a leading global developer and supplier of technologies,...

Valmet Deploys Vuzix M400 Smart Glasses at CMPC Plant to Provide Remote Support

Will Vuzix (VUZI) Report Negative Q3 Earnings? What You Should Know

ROCHESTER, N.Y., Oct. 23, 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 Grupo Boticário, one of South America's largest cosmetic companies,...

Grupo Boticário Deploys Vuzix M400 Smart Glasses in its Brazil Plant to Provide Production Monitoring and Remote Support

ROCHESTER, N.Y., Oct. 22, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, in collaboration with Ohana One, a global surgical training nonprofit organization whose...

Ohana One International Surgical Aid and Education Launches Virtual Surgical Sight Smart Glasses Program with Vuzix

ROCHESTER, N.Y., Oct. 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 that the Vuzix M400 and M4000 Smart Glasses have been upgraded to Android...

­­­Vuzix M400 and M4000 Smart Glasses Upgraded to Android 9.0 Operating System Supporting Enhanced Developer Features and Improved Security for Enterprise

ROCHESTER, N.Y., Oct. 20, 2020 /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 partnered with the Children of War Foundation (COWF) to further the...

Vuzix Partners with the Children of War Foundation to Support Medical and Surgical Education Through the Use of AR Smart Glasses

ROCHESTER, N.Y., Oct. 16, 2020 /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 order from a major US defense contractor to further...

Vuzix Receives Follow-On Order from US Defense Contractor to Further Develop Customized Waveguide-based Optics Engine

ROCHESTER, N.Y., Oct. 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 the Company will host a webinar with Oculogx to discuss how fulfillment...

Vuzix to Host Webinar with Oculogx to Discuss Optimized Hands-Free Pick-From-Store Operations to Support the Growing Trend in E-Commerce Curbside Delivery

ROCHESTER, N.Y., Oct. 13, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that SpringCity Energy has commenced deployment of Vuzix M400 Smart Glasses to...

SpringCity Energy Technicians Increase Productive Output by 40% Using Vuzix M400 Smart Glasses

ROCHESTER, N.Y., Oct. 12, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that SHL Group (Scandinavian Health Ltd) has commenced deployment of Vuzix M400...

­­­­SHL Group Deploys Vuzix Smart Glasses for Business Continuity, Training and Remote Inspection

ROCHESTER, N.Y., Oct. 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 is announcing that the Company's M400 Smart Glasses are being used by the University...

Vuzix Assists University of Rochester Medical Center Surgeons with Augmented Reality Smart Glasses

ROCHESTER, N.Y., Oct. 6, 2020 /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 entered into an agreement with a new medical...

Vuzix Enters into an Agreement to Develop a Customized Head Mounted Waveguide-Based Display System for Assisted Medical Cancer Surgeries

ROCHESTER, N.Y., Sept. 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 is announcing that the Company's M400 Smart Glasses are being used by University...

University Malaya Specialist Centre (UMSC) Neurosurgeons Turn to Vuzix Smart Glasses for Patient Care in the ICU During COVID-19 Pandemic

ROCHESTER, N.Y., Sept. 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 is announcing that the Company has begun volume production and shipment of its...

Vuzix Receives International Regulatory Approvals and Begins Shipping its Optically See-Through AR M4000 Smart Glasses

ROCHESTER, N.Y., Sept. 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 is announcing that the Company has received regulatory approvals for the Blade...

Vuzix Receives International Regulatory Approvals and Begins Shipping Vuzix Blade® Upgraded Smart Glasses

ROCHESTER, N.Y., Sept. 25, 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 Clorox has successfully deployed Vuzix M400 Smart Glasses equipped...

Clorox Deploys Vuzix M400 Smart Glasses to Tackle Operational Challenges Brought Upon by the COVID-19 Pandemic

ROCHESTER, N.Y., Sept. 11, 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's M-Series smart glasses now support Oculogx, a provider of.

Vuzix Announces Support for Oculogx's Omnichannel Fulfillment Product Suite to Support the Growing Trend in E-Commerce Curbside Delivery

ROCHESTER, N.Y., Sept. 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 Vuzix M400 Smart Glasses have successfully completed several hundred.

Vuzix M400 Smart Glasses Successfully Used in Patient Surgeries, ICUs and Emergency Rooms at the Chi-Mei Medical Center in Taiwan

ROCHESTER, N.Y., Sept. 4, 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 it has entered into agreements with long standing institutional and.

Vuzix Announces $15.5 Million Registered Direct Offering

ROCHESTER, N.Y., Sept. 3, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses, Augmented Reality (AR) technology and products for the consumer and enterprise markets, is pleased to announce that the Company has signed an.

Vuzix® Enters into an Agreement with a New Major Defense Contractor to Develop a Customized Waveguide Solution

ROCHESTER, N.Y., Sept. 2, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announce that Pixee Medical, a France-based medical company, in collaboration with Dr.

Pixee Medical Completes its First Total Knee Replacement Surgery Guided Solely by the Vuzix M400 Smart Glasses

ROCHESTER, N.Y., Sept. 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 the Company is developing next generation product line of smart glasses.

Vuzix Releases Details of its Next Generation Smart Glasses Powered by Micro-LED and Other Advanced Technologies

ROCHESTER, N.Y., Aug. 25, 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 will host a webinar with University of Louisville School of.

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