Vuzix Stock Price, News & Analysis

Vuzix (NASDAQ: VUZI) has announced its participation in CES 2025 (January 7-10, 2024) where it will showcase new waveguide technologies and smart glasses designs. The company will display its new full-color 1.0mm thin waveguide and a super-slim 0.7mm waveguide, alongside various display engines including µLEDs and LCoS projectors. Multiple new OEM Ultralite smart glasses reference platforms will be exhibited, featuring a full-color binocular model with integrated mics, speakers, and camera. The company expects 2025 to be a major industry inflection point, focusing on high-volume, low-cost waveguide production.

Vuzix (NASDAQ: VUZI) has secured a six-figure production order for customized waveguides from a major US-based aerospace and defense industry leader. The waveguides will be used to create a lightweight heads-up display (HUD). The customer, who is described as an incumbent supplier for several existing programs, has chosen Vuzix specifically as a US-based manufacturer of waveguide and display technologies. The company's CEO, Paul Travers, highlighted Vuzix's unique position as a leading-edge US-based designer and manufacturer of waveguides.

Vuzix (NASDAQ: VUZI) announces the general availability of Z100 smart glasses at $499. The Z100 features Bluetooth connectivity with Android and iOS devices through the upgraded Vuzix Connect mobile app v1.7, weighs 38 grams, and offers up to 48 hours of battery life.

The glasses provide heads-up waveguide technology in a fashionable design, displaying notifications, updates, and messaging. Key features include safety certification, AI interface integration, fitness tracking, turn-by-turn navigation, and real-time translation capabilities. The device targets both enterprise users and general consumers, offering workflow optimization and smartphone app notifications in a lightweight, attractive form factor.

Vuzix (NASDAQ: VUZI) announced that its M-series AR smart glasses have been certified for use with Microsoft Intune, a leading cloud-based Mobile Device Management solution. This certification enables organizations to manage and secure their M400 and M4000 AR smart glasses from a central location. Microsoft Intune provides control over device settings, application access, and security policies while supporting AOSP devices. The certification removes a key deployment barrier for IT departments by allowing seamless integration of Vuzix M-series smart glasses into an already widely-used platform.

Vuzix reported Q3 2024 financial results with total revenues decreasing 36% to $1.4 million. The company posted a net loss of $9.2 million ($0.14 per share), compared to $11.0 million ($0.17 per share) in Q3 2023. Smart glasses product sales decreased 28% while engineering services revenue declined 51%. The company received a $10 million investment from Quanta Computer as part of a $20 million multi-phase equity deal. Cash operating expenses reduced by 28% year-over-year, with cash and equivalents at $14.3 million and working capital of $26.5 million as of September 30, 2024.

Vuzix (NASDAQ: VUZI) has scheduled a conference call to discuss its third quarter 2024 financial results on November 14, 2024, at 4:30 PM ET. CEO Paul Travers and CFO Grant Russell will present operational and financial highlights for the quarter ended September 30, 2024. U.S. and Canadian participants can dial 877-709-8150, while international callers should use 201-689-8354. A live webcast will be available on the company's investor relations website, and both telephonic and webcast replays will be accessible for 30 days following the call.

Vuzix (NASDAQ: VUZI), a leading supplier of AI/AR smart glasses and optical technologies, announced its participation in the ThinkEquity Conference 2024. The event will take place at the Mandarin Oriental Hotel in New York City on October 30, 2024. CEO Paul Travers will present at 10:00 AM EST, with the presentation being webcast live and available for replay. The company will also be available for one-on-one meetings with registered attendees during the conference.

Vuzix (NASDAQ: VUZI) has announced the release of a full final version of the Android 13 mobile operating system for its flagship M400 enterprise smart glasses. This upgrade demonstrates Vuzix's commitment to device security and meeting customer needs. The Android 13 OS provides:

• Latest and highest-level security for head-worn devices
• Compatible developer tools for advanced M400 software creation
• Ongoing security updates
• Improved WiFi networking algorithms
• Enhanced Enterprise device management
• Improved Android permissions management
• Update from Android API 30 to API 33 for app developers

Paul Travers, President and CEO of Vuzix, stated that the implementation of Android 13 is now required by multiple customers planning larger deployments, enabling them to manage devices with the latest security updates and use advanced Android features in third-party applications.

Vuzix (NASDAQ: VUZI) has released its October 2024 Shareholder Letter, highlighting recent developments and strategic partnerships. Key points include:

• A $20 million investment from Quanta Computer, with the first $10 million received, focusing on manufacturing waveguides at scale and developing AI smart glasses.
• Expanding OEM/ODM opportunities and partnerships with Quanta, Garmin, and others.
• Implementation of initiatives to enhance operational efficiency, including reducing capital expenditures and headcount.

CEO Paul Travers emphasized the company's commitment to transparency and its strong position in the AI smart glasses industry. Vuzix continues to lead in waveguide technology and is exploring enterprise market opportunities with its AI smart glasses, including the Vuzix Z100™.