Welcome to our dedicated page for Vuzix Corporation news (Ticker: VUZI), a resource for investors and traders seeking the latest updates and insights on Vuzix Corporation stock.
Vuzix Corporation (NASDAQ: VUZI) is a pioneering designer, manufacturer, and marketer of Smart Glasses and Augmented Reality (AR) technologies. Founded in 1997, Vuzix has made significant strides in the enterprise, medical, defense, and consumer markets. The company's innovative products include head-mounted smart personal display and wearable computing devices, offering users a portable, high-quality viewing experience.
Headquartered in Rochester, NY, with offices in Munich, Germany; and Kyoto and Tokyo, Japan, Vuzix has a strong global presence. The company's offerings are versatile, catering to various needs such as mobility, wearable displays, and augmented reality. Vuzix also provides OEM waveguide optical components and display engines that are integral to many AR applications.
Vuzix holds over 375 patents and patents pending, underscoring its commitment to innovation. The company has been recognized for its technological advancements with numerous awards, including multiple Consumer Electronics Show (CES) Innovation Awards spanning from 2005 to 2024.
Recent achievements highlight Vuzix's expanding influence and successful partnerships. For instance, Vuzix received additional orders for its M400™ smart glasses from a prominent Fortune 100 global retailer to support warehousing and logistics. Similarly, a collaboration with TeamViewer and Nadro S.A. de C.V. in Mexico has showcased the effectiveness of Vuzix's smart glasses in improving warehouse operations.
Financially, Vuzix continues to adapt and grow. While the first quarter of 2024 saw a decrease in revenue, the company is taking measures to streamline operations and reduce costs significantly. The outlook remains positive, with Vuzix focusing on scaling up its enterprise accounts and OEM business opportunities.
Vuzix's product lineup is continually evolving. This includes the development of next-generation waveguide displays, integrated vision correction solutions, and the Vuzix Incognito technology for enhanced AR experiences. The Vuzix Ultralite OEM Platform also stands out, offering a customizable solution for various customer needs.
Moreover, Vuzix is actively involved in government contracts, such as the recent engagement with the U.S. Air Force Research Laboratory for developing advanced AR head-mounted displays.
For more information, visit the Vuzix website and follow their updates on Twitter and Facebook.
Vuzix Corporation (NASDAQ: VUZI) announces its participation in the 12th Annual Augmented World Expo (AWE) USA, scheduled for November 9-11, 2021, at the Santa Clara Convention Center, California. This premier event focuses on Augmented Reality (AR), Virtual Reality (VR), and Wearable Technology. Vuzix will showcase its M400 and M4000 Smart Glasses, demonstrating healthcare and video streaming solutions. Attendees are invited to visit Booth #725 for demonstrations and further information. Registration details are available on the AWE website.
Vuzix Corporation (NASDAQ: VUZI) announced its Q3 2021 results, revealing a 9% revenue increase to $3.0 million, attributed mainly to a 12% rise in smart glasses sales. However, results fell at the low end of expectations due to shipping delays and supply chain issues. Gross profit improved to $0.6 million (19% of revenues). Operating expenses surged 65%, leading to a net loss of $7.9 million, unchanged from Q3 2020. The company anticipates sequential revenue growth for Q4 2021 and plans to launch four new smart glasses in 2022.
Vuzix Corporation (NASDAQ: VUZI) announced its participation in four upcoming virtual investor conferences. These events will allow institutional investors to schedule one-on-one meetings with management. The conferences include:
- November 11: Stifel 2021 Virtual Midwest One-on-One Growth Conference
- November 16: 12th Annual Craig-Hallum Alpha Select Conference
- November 18: Ladenburg Thalmann Virtual Technology Expo 2021
- December 8: Barclay's Global TMT Conference
Vuzix Corporation (NASDAQ: VUZI) announced a follow-on order to supply Smart Glasses to a Fortune 50 customer for enhancing international supply chain operations. This order reflects the growing demand for smart glasses as companies globally confront supply chain disruptions and seek productivity improvements. Vuzix is actively collaborating with major clients in retail, warehousing, and logistics to address specific operational challenges. The company's investments in this sector aim to facilitate successful deployments and provide continuous support.
Vuzix Corporation (NASDAQ: VUZI) announced on November 2, 2021, that The AVR Lab has placed follow-on orders for its smart glasses, enhancing their distribution in Australia and New Zealand. These smart glasses are utilized in various customer applications, including on-site inspections and remote support. Paul Travers, CEO of Vuzix, expressed optimism about further opportunities in these markets. The company will co-host a webinar on augmented reality's role in operational productivity on November 9, 2021. Vuzix continues to lead in AR technology with numerous patents and industry accolades.
Vuzix Corporation (NASDAQ: VUZI) participated in the virtual event, Pioneers of Health Tech, on October 28, 2021. During this event, Vuzix discussed its innovations in Smart Glasses and Augmented Reality (AR) technology, particularly in the healthcare sector. The panel highlighted the role of digital health solutions and showcased Vuzix's significant contributions to the industry. Registration for the event was free, and the presentation was webcasted live at 4:00 PM CET (10:00 AM ET), emphasizing Vuzix's commitment to advancing healthcare technology.
Vuzix Corporation (NASDAQ: VUZI) has announced a conference call to discuss its third quarter 2021 operating results on November 8, 2021, at 4:30 PM ET. The call will feature CEO Paul Travers and CFO Grant Russell discussing key operational and financial highlights. Investors can join by calling 877-709-8150 (U.S. and Canada) or 201-689-8354 (international) and can submit questions prior to the call via email. A live and archived webcast will also be available on Vuzix's investor relations page.
Vuzix Corporation (NASDAQ: VUZI) has announced that its President and CEO, Paul Travers, will present at CEATEC on October 19, 2021, at 12:00 PM JST. The presentation, titled "Smart Glasses Solutions in the COVID-19 Challenging Environment," highlights Vuzix's role in the Augmented Reality (AR) sector, particularly in Japan, which has been a significant growth market for the company. The session is part of Japan's largest IT exhibition and will be broadcast live. CEATEC registration is free, and a replay will be available on Vuzix's investor relations webpage.
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