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Vuzix Corporation - VUZI STOCK NEWS

Welcome to our dedicated news page for Vuzix Corporation (Ticker: VUZI), a resource for investors and traders seeking the latest updates and insights on Vuzix Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Vuzix Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Vuzix Corporation's position in the market.

Rhea-AI Summary
Vuzix's subsidiary Moviynt partners with NetLogistik to offer mobility solutions for warehouses, leveraging smart glasses and AR technology to enhance frontline worker productivity and user experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
partnership
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Rhea-AI Summary
Vuzix reports 4Q and full year 2023 results, highlighting advancements in product development and manufacturing. Despite lower revenue growth, the company deepened relationships in enterprise, consumer, and defense markets. Financially, total revenues increased by 2% to $12.1 million, with a gross loss of $2.6 million. Operating expenses saw a mix of reductions and increases, resulting in a net loss of $50.1 million for the year. Cash flows used in operating activities were $26.3 million, with $26.6 million in cash and cash equivalents as of December 31, 2023. Management remains positive for 2024, focusing on identified opportunities, cost reduction, and product development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
-
Rhea-AI Summary
Vuzix (NASDAQ: VUZI) will host a conference call on April 15, 2024, to discuss its fourth quarter and full year 2023 operating results. The call will feature CEO Paul Travers and CFO Grant Russell, highlighting operational and financial achievements. Participants can join via phone or webcast, with replays available for 30 days post-call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.43%
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Rhea-AI Summary
poLight ASA confirms the release of Vuzix Shield AR smart glasses for the industrial enterprise market, featuring binocular waveguide technology and TLens in its cameras. Workers can optimize workflows, access instructions, and capture media using these glasses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.06%
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none
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Rhea-AI Summary
Vuzix expands the availability of Vuzix Shield smart safety glasses for enterprise customers, offering advanced AR technology with features like stereo HD cameras, voice input in 29 languages, and remote support capabilities. The glasses are ANSI Z87.1 safety certified, with self-contained batteries, Qualcomm processor, and dual swipe/tap touchpads for hands-free use.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.06%
Tags
none
-
Rhea-AI Summary
Vuzix (VUZI) secures new orders from aerospace and defense firms for waveguide-based display solutions in 2024. The orders include a new HMD technology for military aircraft and a HUD replacement project, showcasing Vuzix's expertise in AR technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.9%
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none
Rhea-AI Summary
Vuzix (VUZI) partners with Purview Services to distribute AR smart glasses for AI solutions globally. The reseller agreement aims to target various industry verticals for enhanced productivity and collaboration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.13%
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none
-
Rhea-AI Summary
Vuzix delays filing Form 10-K for 2023 due to expanded audit, plans to file Form 12b-25 with SEC for a 15-day grace period. Earnings call cancelled, new date to be announced within grace period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.02%
Tags
none
-
Rhea-AI Summary
Vuzix Corporation (VUZI) to host conference call on Q4 and full year 2023 results, featuring CEO and CFO. Webcast and telephonic replays available for 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Summary
Vuzix Corporation partners with Incisiv to release a 2024 industry brief on revolutionizing fulfillment operations with workforce augmentation. The report highlights the growing importance of AR technology in warehouse operations and the integration of human labor with innovative technologies for improved productivity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.95%
Tags
none
Vuzix Corporation

Nasdaq:VUZI

VUZI Rankings

VUZI Stock Data

79.61M
58.60M
7.62%
40.54%
15.51%
Other Electronic Component Manufacturing
Manufacturing
Link
US
West Henrietta

About VUZI

vuzix is a leading supplier of video and cloud connected video eyewear products in the consumer, industrial, media and entertainment markets. the company’s personal display products offer users a portable high quality viewing experience for industrial wearable displays, consumer digital content viewing as well as 3d, virtual and augmented reality experiences. vuzix also provides developer software and support to enable the growth and development of ar applications for its mobile devices. with its origins in defense research and development for next generation display solutions, vuzix holds over 44 patents and patents pending in the video eyewear field. the company has won 14 consumer electronic show innovations awards, the retailvision best new product and several wireless technology innovation awards, among others. founded in 1997, vuzix is a public company (tsx-v:vzx – news, otc:bb: vuzi, fmb: v7x) with offices in rochester, ny, oxford, uk and tokyo, japan. for more information visit