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 Q4 2020

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

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.

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

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.

Vuzix to Host Webinar with University of Louisville School of Medicine to Discuss Smart Glasses Usage in Healthcare During COVID-19 and Beyond

ROCHESTER, N.Y., Aug. 24, 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 be presenting at the LD 500 Virtual.

Vuzix to Present at the LD 500 Virtual Conference

ROCHESTER, N.Y., Aug. 21, 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 Rozetta Corporation, a Japanese supplier of translation products and.

­­Rozetta Corporation Selects Vuzix Smart Glasses for Its e-Sense Productivity and COVID-19 Solution and for Hospital Healthcare Study

ROCHESTER, N.Y., Aug. 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 today that Vuzix' M400 Smart Glasses are now supported by CARE4D's Telepresenz®,.

Vuzix Expands HIPAA Compliant Healthcare Offerings with the Addition of Telepresenz from CARE4D for the M400 Smart Glasses

ROCHESTER, N.Y., Aug. 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 today the expansion of our M400 Smart Glasses market availability footprint to.

News for Vuzix Stock (VUZI)