Vuzix Stock Price, News & Analysis

Vuzix Corporation (NASDAQ: VUZI) announced a follow-on order for a customized waveguide-based head-mounted display (HMD) system from a global Tier-1 aerospace firm. This program, which began in 2018, has secured engineering awards totaling approximately $1.3 million over several years. CEO Paul Travers stated the partnership is progressing towards potential commercial production in 2022, showcasing Vuzix's expertise in optical technologies. The company, recognized for its AR solutions and holding 243 patents, aims to leverage this collaboration for further growth in the aerospace and defense sectors.

Vuzix Corporation (NASDAQ: VUZI) has announced the deployment of its M400 smart glasses by CNH Industrial in Brazil for training purposes across its Case, NewHolland, and Iveco brands. This initiative enhances training efficiency for product dealers in Latin America, reducing travel needs and costs while increasing participation. Paul Travers, President and CEO of Vuzix, emphasized the growing global adoption of smart glasses for training, highlighting this partnership with CNH as a significant opportunity for expansion in South America.

Vuzix Corporation (NASDAQ: VUZI) announced a follow-on purchase order for its Smart Glasses from AMA, a value-added reseller specializing in remote assistance solutions. This order is intended for immediate delivery, highlighting Vuzix's expanding relationships with VAR partners. AMA's XpertEye solution, utilized in over 150 countries, allows frontline workers to improve operational efficiency. Vuzix's CEO, Paul Travers, emphasized that the ongoing adoption of smart glasses is driven by productivity improvements, reduced carbon footprints, and enhanced worker safety.

Vuzix Corporation (NASDAQ: VUZI) announced a distribution agreement with Barcotec GmbH, enhancing its European market presence. Barcotec, known for innovative hardware and device management solutions, will distribute Vuzix Smart Glasses, having already received an initial order. This partnership is expected to enable a competitive advantage for Barcotec's clients in sectors like production and healthcare by improving digital workflows. Vuzix continues its global expansion strategy, providing quick access to its products for new customers.

Vuzix Corporation (NASDAQ: VUZI) will host a webinar with TeleVU Innovation on November 30, 2021, at 11 am ET. The event will demonstrate how Vuzix Smart Glasses enhance healthcare by enabling remote medical assistance through TeleVU's technology. Participants will learn about various use cases in healthcare, including surgical support and patient education. Vuzix is a leading supplier of AR and smart glasses, holding 233 patents and numerous awards for innovation in the field.

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.