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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Vuzix Corporation (NASDAQ:VUZI) said it has received a follow-on, six-figure order for additional pre-production units from a global tier-1 aerospace defense firm for their customized avionics waveguide-based head-mounted display (HMD) system. The company said the customized HMD waveguide and HD display engine development program with this customer continues to expand and move toward production.

Vuzix receives additional order from global tier-1 aerospace and defense firm for their waveguide-based head-mounted display system

ROCHESTER, N.Y. , Aug. 11, 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 follow-on six-figure order for additional pre-production units from a global Tier-1 aerospace and defense firm for their customized avionics waveguide-based head mounted display (HMD) system.

Vuzix Receives Order for Additional Units for a Waveguide-Based HMD System from a Global Tier-1 Aerospace and Defense Firm

Investors were happy with the company's second-quarter revenue.

Why Vuzix Stock Skyrocketed Today

Vuzix Corporation (NASDAQ:VUZI) has reported second-quarter revenue of $3.0 million, up 3% from a year earlier, with growth expected to continue for the remainder of the year. "Despite the macro challenges that persisted throughout our second quarter, we were able to achieve both sequential and modest year-over-year product sales growth," Vuzix president and CEO Paul Travers said in a statement announcing the company's results.

Vuzix Corporation reports higher 2Q revenue; sees continued growth for the rest of the year

Vuzix Corporation (NASDAQ:VUZI ) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Ed McGregor - Director of Investor Relations Paul Travers - Chief Executive Officer Grant Russell - Chief Financial Officer Conference Call Participants Matt VanVliet - BTIG Tyler Burmeister - Craig-Hallum Jim McIlree - Dawson James Operator Greetings, and welcome to the Vuzix Second Quarter ending June 30, 2022 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode.

Vuzix Corporation (VUZI) CEO Paul Travers on Q2 2022 Results - Earnings Call Transcript

ROCHESTER, N.Y. , Aug. 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 second quarter results for the period ended June 30, 2022.

Vuzix Reports Second Quarter 2022 Results

L3Harris

Vuzix Corporation (NASDAQ:VUZI) said it has signed an agreement with L3Harris Technologies to develop a customized waveguide-based optics engine intended to be used in headborne systems designed for military applications. This initial development is part of a phased effort that will ultimately address a broad market for American and allied military personnel.

Vuzix signs agreement with L3Harris Technologies to develop military-use waveguide-based optics engine

ROCHESTER, N.Y. , Aug. 2, 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 an agreement with L3Harris Technologies ("L3Harris") to develop a customized waveguide-based optics engine that is intended to be used in headborne systems designed for military applications.

Vuzix Enters into an Agreement with L3Harris Technologies to Develop a New Customized Waveguide-based HMD System

Vuzix Corporation (NASDAQ:VUZI) has entered into a distribution agreement with Westbase.io, a leading distributor of extended reality (XR), 4G/5G and internet of things (IoT) technologies, the company announced.  The augmented reality company said it has received and shipped against a significant first volume purchase order from Westbase, which will distribute the products across Europe from its UK and EU-based warehouses.

Vuzix inks European distribution deal with extended reality/IoT provider Westbase.io

ROCHESTER, N.Y. , July 26, 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 Westbase.io, a leading distributor of Extended Reality (XR) technologies, 4G/5G and IoT for industry.

Vuzix Expands Reach in Northern Europe by Signing Distribution Agreement with Westbase.io and Receives Initial Volume Smart Glasses Order

ROCHESTER, N.Y. , July 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 second quarter 2022 operating results at 4:30 PM Eastern Time (ET), August 9, 2022.

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

Vuzix Corporation (NASDAQ:VUZI) announced that it has received a volume original equipment manufacturer (OEM) purchase order for custom-designed waveguides from a US-based, Fortune 50 software and hardware technology customer, which plans to use them in their own head-mounted display (HMD) product development program. The supplier of smart glasses and augmented reality (AR) technologies and products said the waveguides are being built by Vuzix to specifically match the customer's needs and specifications.

Vuzix receives initial volume waveguide order from Fortune 50 tech customer

ROCHESTER, N.Y. , July 15, 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 received a volume OEM purchase order for custom designed waveguides from a Fortune 50 US based software and hardware technology customer, which plans to use them in their own head mounted display (HMD) product development program.

Vuzix Receives Initial Volume Waveguide Order from a Fortune 50 Technology Customer

Vuzix Corporation (NASDAQ:VUZI) said it has received and begun delivering a follow-on smart glasses order valued at over $350,000 for a large US multinational retailer to support their warehousing and logistics needs.  Sizable further follow-on orders are anticipated as rollouts successfully continue, according to the customer, which represents the company's latest of four Fortune 100 retailers that are using Vuzix smart glasses, Vuzux said.

Vuzix says it has received and begun delivering a follow-on smart glasses order valued at over $350,000 for a large US multinational retailer

LogistiVIEW's Vision+ picking Enables M400 for Advanced Warehouse Operations ROCHESTER, N.Y. , July 5, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, with their ISV (Independent Software Vendor) LogistiVIEW Inc, today announced that they have received and begun delivering a follow-on smart glasses order valued at over $350,000 for a large US multinational retailer to support their warehousing and logistics needs.

Vuzix Receives Follow-on Volume Order for Smart Glasses to Further Support Logistics Operations at a Fortune 100 Retailer

Augmented reality smart glass maker Vuzix Corporation (NASDAQ: VUZI) stock has staged a rally off its lows of $3.88 but is starting to fall again.

Vuzix Stock Stays Optimistic

ROCHESTER, N.Y. , June 15, 2022 /PRNewswire/ -- Vuzix® Corporation (Nasdaq: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will hold its annual shareholders meeting today Wednesday, June 15, 2022.

Vuzix to Hold Annual Shareholders Meeting Today

Asana

Impinj

Vuzix, Impinj, and Asana could all generate multibagger returns.

The Ultimate Growth Stocks To Buy With $1,000 Right Now

ROCHESTER, N.Y. , May 27, 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 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022.

Vuzix to Participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022

- Vuzix smart glasses and OEM white label offering will be on display - Signify will join Vuzix to discuss its Trulifi solution that runs on Vuzix smart glasses ROCHESTER, N.Y. , May 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 be participating in Augmented World Expo USA 2022, which is being held June 1-3 at Santa Clara Convention Center in Santa Clara, California.

Vuzix to Participate in Augmented World Expo USA 2022

Vuzix Corporation (NASDAQ:VUZI) has announced that it and its partner TeamViewer, a leading provider of remote access software, are enabling Ricoh, a global provider of digital services, printing and imaging solutions, to expand its use of Vuzix smart glasses.  When supporting conventional equipment such as copiers, printers, and multifunction printers, Vuzix explained that Ricoh needed to ensure a high level of customer satisfaction was maintained.

Vuzix says it and TeamViewer support the broadening use of smart glasses at Ricoh

Vuzix to conduct a panel discussion with Ricoh and TeamViewer on May 24 ROCHESTER, N.Y. , May 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 the Company and its partner TeamViewer, a leading provider of remote access software, are enabling Ricoh, a global provider of digital services, printing and imaging solutions, to expand its use of Vuzix smart glasses.

Vuzix and TeamViewer Support the Broadening Use of Smart Glasses at Ricoh

Vuzix Corporation (NASDAQ:VUZI) announced it has struck a series of agreements with display solutions provider Atomistic SAS to market the first fully integrated color MicroLED Microdisplay for AR glasses. Atomistic is a next-generation micro light emitting diode (muLED) display solutions enterprise based in France.

Vuzix and display solutions provider Atomistic to market the first fully integrated color MicroLED Microdisplay for AR glasses

-     Exclusive license of key μ LED technology , design of a state-of-the-art backplane, with the ultimate goal of acquiring Atomistic ROCHESTER, N.Y. , May 18, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses, waveguides and Augmented Reality (AR) technology, today announced it has signed a series of agreements with Atomistic SAS ("Atomistic"), a next generation micro light emitting diode ("μLED") display solutions enterprise based in France.

Vuzix Enters into Agreements to Deliver the World's First Fully Integrated Color MicroLED Microdisplay for AR Glasses

Shares of several companies in the broader consumer discretionary sector, including Vuzix Corp (NASDAQ: VUZI), are trading higher as stocks rebound from recent weakness. Stocks have experienced volatility this year amid Fed policy tightening measures.

News for Vuzix Stock (VUZI)