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Vuzix Corp  (NASDAQ: VUZI)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 
Price: $4.3800 $0.10 2.336%
Day's High: $4.42 Week Perf: 5.29 %
Day's Low: $ 4.07 30 Day Perf: 37.74 %
Volume (M): 1,689 52 Wk High: $ 5.79
Volume (M$): $ 7,397 52 Wk Avg: $1.78
Open: $4.28 52 Wk Low: $0.83



 Market Capitalization (Millions $) 297
 Shares Outstanding (Millions) 68
 Employees 55
 Revenues (TTM) (Millions $) 6
 Net Income (TTM) (Millions $) -80
 Cash Flow (TTM) (Millions $) -24
 Capital Exp. (TTM) (Millions $) 3

Vuzix Corp

We are engaged in the design, manufacture, marketing and sale of augmented reality wearable display devices also referred to as head mounted displays (or HMDs, but also known as Video Eyewear, near-eye displays, near-eye virtual displays), in the form of Smart Glasses and Augmented Reality (AR) glasses. Our AR wearable display devices are worn like eyeglasses and contain varying features such as built-in video screens and audio. These devices also often include cameras, sensors, and a computer, that enable the user to view and interact with video and digital content, such as movies, computer data, the Internet or video games. Our AR wearable display products provide virtual large high-resolution screens and present a virtual image to the user through our proprietary optics and projection engines. Using these optics and displays, our AR wearable display devices provide a virtual image that appears to the wearer similar in size to the image from a typical smart phone screen at arm’s length away, all the way to models that offer wall-sized home theatre screens. Our virtual imaging products integrate microdisplay technology with our advanced optics to produce compact high-resolution display engines, less than half an inch diagonally, which when viewed through our eyeglasses products create virtual images that appear comparable in size to that of a computer monitor or a large-screen television.

Our Smart Glasses are designed to work standalone or as a peripheral to the smartphone and have many of the same capabilities of the smartphone itself, allowing them to be used as a hands-free wearable computer. Our products can be used as a wearable substitute for large-screen televisions, desktop computer monitors or tablets. Additionally, our Smart Glasses models allow users to utilize many smartphone applications while keeping their smartphones in a pocket or purse. Users of mobile devices sometime employ tablets and smartphones to replace their personal computer or console game systems while they are outside their homes or offices. Our wearable display products enable users of these mobile devices to effectively view the entire screen on a small, eyeglass-like device allowing real world interaction while viewing the screen.

We believe some of the most promising future uses of wearable displays are Smart Glasses and AR glasses where virtual 2D and 3D computer-generated objects and information are superimposed to enhance real-world views. This see-through capability is accomplished using a see-through optic, built around our waveguide intellectual property or digitally with a forward-looking camera. Our wearable displays can also be used for AR applications, in which the wearer has their real-world view augmented with computer generated information or graphics as is typical in either consumer or enterprise applications.

In the past, see-through HMDs displayed the real world using semi-transparent mirrors placed in front of the user’s eyes. These HMDs were large and bulky and as a result, they had little mass-market appeal. We have developed thin optics, called waveguides, that are fully see-through and enable miniature display engines to be mounted in the temples of the HMD which allows the form factor of the Smart Glasses to be comparable to conventional eyeglasses. Our Smart Glasses and AR Glasses are designed for all day use cases and are small enough to fit in a user’s pocket or purse.

With hands free wearable computers like our M300 and M100 Smart Glasses, the user can merge virtual information with the real world, known as AR. With this capability, we have the potential to penetrate many new markets in the consumer and enterprise markets. An example of AR is the yellow “first down” line seen in television broadcasts of American football games, in which the line the offensive team must cross to achieve a first down is superimposed on the field itself. The real-world elements are the football field and players; the virtual element is the yellow line. We believe see-through wearable displays will enable this kind of experience on Smart Glasses running their own native AR applications, virtually anywhere and anytime. Our Smart Glasses product line can run these kinds of applications natively as they have much of the capabilities of a smartphone built into them, including running full operating systems like Alphabet (Google) Inc.’s Android.

Our waveguide and display engine products enable our original equipment manufacturer (OEM) customers to develop and market improved wearable products that are mobile so that people have immediate access to information and can experience new forms of communications, entertainment, and social media content.

We believe that our waveguide optics and display engines offer a number of significant advantages over other wearable display solutions, including higher contrast, greater power efficiency, less weight, more compact size, and high brightness images for use outdoors. We also believe that our waveguide optics give us a substantial advantage over other competitors’ optics, including other waveguides because it allows us to produce optics that are fully transparent when off, along with the high brightness required for AR and enterprise Smart Glasses applications.

We believe that a key growth area for us is the consumer electronic OEM market. Our potential channels to this market include supplying mass production of waveguide optics and display engines to select third parties to use in their products. We believe that our waveguides and compact display engine technologies are a key differentiator for enabling next generation AR and Smart Glasses hardware for the consumer and enterprise segments because they allow us to make HMDs nearly indistinguishable from regular eyeglasses.

We have developed our own intellectual property portfolio that includes patents, over 20 years of manufacturing know-how, and proprietary processes, materials and equipment to create high performance waveguides and near-eye display products. We believe our technology, intellectual property portfolio and position in the marketplace give us a leadership position in AR and Smart Glasses products and waveguide optics and display engine technology.



   Company Address: 25 Hendrix Road, Suite A West Henrietta 14586 NY
   Company Phone Number: 359-5900   Stock Exchange / Ticker: NASDAQ VUZI


Customers Net Income grew by VUZI's Customers Net Profit Margin grew to

20.32 %

15.87 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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MOVE   -1.72%    
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Vuzix Corp

Vuzix Corp Sees Stock Prices Rise Despite Revenue Decline

Vuzix Corp, a leading provider of smart glasses and augmented reality (AR) technologies, has seen a recent increase in its stock prices. Over the past 30 days, Vuzix Corp shares went up by 7.94%, while over the past 7 days, VUZI shares went up by 3.03%. Despite these positive developments, Vuzix Corp shares currently trade only 23.6% above its 52-week low.
Looking at their financial performance in the first quarter of 2024, Vuzix Corp reported a loss of $0.16 per share, which is the same as the previous year. However, there was an improvement in earnings per share (EPS) compared to the prior reporting season, which stood at $0.31 per share. The company's revenue experienced a steep decline of 52.191%, falling to $2.00 million from $4.19 million in the same reporting season last year. On a sequential basis, the revenue saw a significant surge of 87.815% from $1.07 million.

Vuzix Corp

Examining the Financial Challenges and Potential Growth Opportunities for Vuzix Corp



Vuzix Corp, a leading provider of smart glasses and wearable technology, recently released its financial results for the fiscal year ending September 30, 2023. While the figures demonstrate a widening deficit and declining revenue, there are also positive indicators that suggest potential growth and demand for the company's products. This article will analyze the implications of these facts and speculate on how they may impact Vuzix Corp moving forward.
Financial Deficit and Revenue Decline:
In the fiscal year ending September 30, 2023, Vuzix Corp experienced a deficit increase per share, rising from $-0.15 to $-0.17 compared to the previous year and a surge in deficit from $-0.14 per share in the previous reporting season. Additionally, revenue declined by a significant -36.384% to $2.18 million from $3.43 million in the same reporting season a year prior, with a sequential tumble of -53.526% from $4.69 million.

Vuzix Corp

Evanescence of Deficit: Vuzix Corp Reports Impressive Revenue Surge and Achieves Profitability in Q2 2023


Introduction
Vuzix Corp, a leader in the augmented reality (AR) technology industry, has recently reported a remarkable increase in revenue, resulting in a significant reduction in losses. The company's steady progress, coupled with positive financial indicators, bodes well for its future prospects in the stock market. In this article, we will explore the latest earnings report and highlight some interesting facts that investors should take note of.
Impressive Revenue Surge and Profitability
Vuzix Corp experienced an energetic revenue elevation of 55.958% during its most recent fiscal period. The revenue soared to $4.69 million, contributing significantly to the company's improved financial position. The rise in revenue helped cut losses to $-0.14 per share, down from $-0.16 in the same reporting period a year earlier. This surge in revenue signifies a strengthening market presence and a positive response to their innovative AR technology solutions.

Vuzix Corp

Vuzix Corp's Revenue Soars by 67.45% in Q1 2023, Reflecting Remarkable Growth in AR and Smart Glasses

Vuzix Corp is a tech company that specializes in designing and manufacturing smart glasses and augmented reality (AR) products. Recently, the company released its financial results for the fiscal interval ending March 31, 2023. The report indicates that Vuzix Corp experienced a net loss of $-0.16 per share, which is comparable to the report from a year ago. However, the earnings per share improved significantly from $-0.17 to $-0.16 from the preceding quarter.
One of the most impressive aspects of Vuzix Corp's performance is its revenue growth. Compared to the same quarter a year ago, the company's revenue rose by an impressive 67.45%, inching up from $2.50 million to $4.19 million. Moreover, sequentially, revenue jumped by 44.617%, reaching $2.90 million. These revenue figures are a testament to the company's growth trajectory, indicating that Vuzix Corp is making the right moves and investments in AR and smart glasses.
Despite the overall positive performance, Vuzix Corp reported a net loss of $-10.241 million for the fiscal interval ending March 31, 2023, which is only slightly better than the deficit of $-10.506 million reported for the same quarter a year ago. However, this figure indicates that the company will need to continue to work on improving its profitability while also investing in its growth and innovation initiatives.







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