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 develops and supplies AI-powered smart glasses, waveguides and augmented reality display technologies for enterprise, medical, defense, security and select consumer markets. News about VUZI commonly covers smart-glasses deployments, follow-on customer orders, OEM waveguide programs, product demonstrations, reseller relationships and business updates tied to its wearable computing and optical display platforms.
Recurring developments include M400, LX1, Z100 and Ultralite Pro platform activity, warehouse and logistics workflows, veterinary medical remote-support applications, and waveguide-based head-mounted display systems for aerospace and defense customers. Company updates also address financial results calls and partner solutions that pair Vuzix waveguides with third-party projector and optical module technologies.
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.
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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.
Vuzix Corporation (NASDAQ: VUZI) announced its participation in four upcoming virtual investor conferences. These events will allow institutional investors to schedule one-on-one meetings with management. The conferences include:
- November 11: Stifel 2021 Virtual Midwest One-on-One Growth Conference
- November 16: 12th Annual Craig-Hallum Alpha Select Conference
- November 18: Ladenburg Thalmann Virtual Technology Expo 2021
- December 8: Barclay's Global TMT Conference
Vuzix Corporation (NASDAQ: VUZI) announced a follow-on order to supply Smart Glasses to a Fortune 50 customer for enhancing international supply chain operations. This order reflects the growing demand for smart glasses as companies globally confront supply chain disruptions and seek productivity improvements. Vuzix is actively collaborating with major clients in retail, warehousing, and logistics to address specific operational challenges. The company's investments in this sector aim to facilitate successful deployments and provide continuous support.
Vuzix Corporation (NASDAQ: VUZI) announced on November 2, 2021, that The AVR Lab has placed follow-on orders for its smart glasses, enhancing their distribution in Australia and New Zealand. These smart glasses are utilized in various customer applications, including on-site inspections and remote support. Paul Travers, CEO of Vuzix, expressed optimism about further opportunities in these markets. The company will co-host a webinar on augmented reality's role in operational productivity on November 9, 2021. Vuzix continues to lead in AR technology with numerous patents and industry accolades.
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Vuzix Corporation (NASDAQ: VUZI) participated in the virtual event, Pioneers of Health Tech, on October 28, 2021. During this event, Vuzix discussed its innovations in Smart Glasses and Augmented Reality (AR) technology, particularly in the healthcare sector. The panel highlighted the role of digital health solutions and showcased Vuzix's significant contributions to the industry. Registration for the event was free, and the presentation was webcasted live at 4:00 PM CET (10:00 AM ET), emphasizing Vuzix's commitment to advancing healthcare technology.
Vuzix Corporation (NASDAQ: VUZI) has announced a conference call to discuss its third quarter 2021 operating results on November 8, 2021, at 4:30 PM ET. The call will feature CEO Paul Travers and CFO Grant Russell discussing key operational and financial highlights. Investors can join by calling 877-709-8150 (U.S. and Canada) or 201-689-8354 (international) and can submit questions prior to the call via email. A live and archived webcast will also be available on Vuzix's investor relations page.