Welcome to our dedicated page for Vuzix news (Ticker: VUZI), a resource for investors and traders seeking the latest updates and insights on Vuzix stock.
Vuzix Corporation (VUZI) is a leading innovator in augmented reality smart glasses and wearable display technologies, serving enterprise, medical, and consumer markets. This news hub provides investors and industry observers with direct access to official announcements and market developments.
Key updates include product launch details, financial results, technology partnerships, and industry recognition. Our curated collection features earnings reports, AR innovation announcements, OEM collaborations, and patent developments directly from corporate sources.
Bookmark this page for streamlined tracking of Vuzix's progress in advancing waveguide optics and AI-powered smart glasses. Check regularly for verified updates on the company's expanding role in industrial AR solutions and consumer wearable tech markets.
Vuzix (NASDAQ: VUZI) announced that its subsidiary Moviynt has secured a deployment commitment from Airbus Helicopters for hardware and software solutions. The implementation combines Moviynt's Mobilium® software with Vuzix M400 AR smart glasses to enhance packing processes for direct-to-customer shipments.
Following a successful proof-of-concept (POC) trial that demonstrated improved accuracy and increased productivity, Airbus Helicopters is expanding the use of Moviynt software from picking to pick and pack operations throughout its North American distribution centers. The solution utilizes machine learning models for automatic item scanning, allowing staff to work hands-free while tracking shipment items, capturing images, and printing forms.
Vuzix (NASDAQ: VUZI) reported its Q4 and full year 2024 financial results, showing mixed performance. Q4 revenues increased to $1.3 million from $1.1 million year-over-year, while full-year revenues declined to $5.8 million from $12.1 million in 2023.
The company reported a net loss of $73.6 million ($1.08 per share) for 2024, compared to $50.1 million ($0.79 per share) in 2023. Notable achievements include a strategic partnership with Quanta Computer, involving a $20 million staged investment, and operational cost reductions of approximately $8 million (25%) through workforce realignments and efficiency improvements.
The company maintained $18.2 million in cash and a working capital position of $24.6 million. Management expects multiple design wins for ODM/OEM products in 2025, focusing on converting recent customer wins into recurring revenue and expanding defense contractor relationships.
Vuzix (NASDAQ: VUZI) announced that Xander has placed its largest re-order to date for Vuzix Shield smart glasses, driven by increasing demand for XanderGlasses, a solution for people with hearing loss.
XanderGlasses combines Vuzix Shield smart glasses with embedded voice captioning software to provide real-time captions of conversations directly in the user's field of view. The product is designed to be self-contained, requiring no smartphone or cloud connectivity, and features simple on/off operation. The glasses meet ANSI Z87.1 safety standards and provide UV protection.
The solution targets the 48 million people in the US struggling with hearing loss, including veterans, individuals exposed to prolonged noise, and aging populations.
Vuzix (NASDAQ: VUZI), a leading supplier of smart glasses, waveguides and augmented reality (AR) technology, has scheduled a conference call to discuss its fourth quarter and full year 2024 financial results. The call will take place on Thursday, March 13, 2025 at 4:30 PM ET.
CEO and President Paul Travers and CFO Grant Russell will present operational and financial highlights for the period ended December 31, 2024. Investors can join via phone or webcast, with replays available for 30 days starting March 13, 2025 at 5:30 PM ET.
Vuzix (NASDAQ: VUZI) and TranscribeGlass have launched an AI-powered transcription service using Vuzix Z100 smart glasses. The solution converts speech to text with sub-300 millisecond latency, providing real-time closed captions for deaf or hard of hearing individuals.
The system connects via Bluetooth to smartphones or tablets, functioning in both quiet and noisy environments. It features speaker identification technology for improved group conversation tracking. The solution places captions directly in the user's field of view through an all-day wearable format.
Vuzix (NASDAQ: VUZI) has successfully delivered a six-figure follow-on production order for customized waveguides to a major US-based defense contractor. The waveguides will be integrated into a lightweight heads-up display (HUD) for a key defense program.
The unnamed defense contractor, known for aerospace and defense solutions, has chosen Vuzix as their trusted U.S.-based manufacturer of waveguide and display technologies. As the incumbent supplier for several existing military programs, Vuzix continues to work closely with this contractor as they progress toward volume production of their HUD solution.
Vuzix (NASDAQ: VUZI) and Mentra have announced the launch of AugmentOS, a universal operating system designed for smart glasses, including the Vuzix Z100. The platform combines AI functionality with a development environment that simplifies smart glasses app creation.
AugmentOS 1.0, available at AugmentOS.org, comes with built-in features including real-time captions, instant translation, proactive AI assistance, smart notifications, AI dashboards, and language learning tools. The development platform allows developers to create applications that work across multiple smart glasses models, with multiple AI assistants working in parallel using real-world context.
The collaboration between Vuzix and Mentra aims to accelerate developer adoption and innovation in the smart glasses industry, making AI-powered smart glasses more accessible and functional.
Vuzix (NASDAQ: VUZI) announced its participation in the SPIE Photonics West Conference, scheduled for January 28-30, 2025, at The Moscone Center in San Francisco. The event focuses on lasers, biomedical optics, biophotonic technologies, quantum, and optoelectronics.
CEO Paul Travers will participate in an AI/AR Glasses panel alongside industry experts from Meta and KGOnTECH to discuss use cases, solution tradeoffs, and hardware components. The panel will be hosted by Edgar Auslander, Meta's Senior Director of Strategic Partnerships AR/MR/AI.
Additionally, Rob Schultz, Vuzix Vice President of Advanced Optics, will deliver a presentation on waveguide production challenges. The conference presentations will be available exclusively to in-person attendees, with public replays scheduled for a later date.
Vuzix (NASDAQ: VUZI) has signed a distribution agreement with Evantek Pte , a system integrator operating in the Asia Pacific region since 1995. The agreement includes an initial stocking order for Vuzix M400 smart glasses, which has already been shipped.
Evantek will distribute Vuzix products across Asia Pacific, targeting key industries including healthcare, field services, and manufacturing. The company has established itself as a premier solutions provider, specializing in industrial product design, commercial display systems, transportation solutions, and telecommunication systems.
The partnership aims to leverage Evantek's regional presence and expertise to expand Vuzix's market penetration in Asia Pacific, particularly focusing on enterprise clients seeking AR-based solutions to enhance productivity and reduce carbon footprint.
Vuzix (NASDAQ: VUZI) and several partners are showcasing advanced smart glasses applications at CES 2025 in Las Vegas. The demonstrations include three main applications:
1. Warehouse & Logistics: Moviynt's Mobilium platform on M400 smart glasses, bridging mobile devices and ERP systems for improved workflow efficiency.
2. Remote Support: Augmex's AUGASSIST solution on M400 smart glasses, featuring live annotations, AI, and AR overlays to reduce downtime and travel costs.
3. Conversational AI & Learning: Mentra's applications on Z100 smart glasses - Mentra Merge for enhanced problem-solving and Mentra Link for real-time language learning.
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