Vuzix Stock Price, News & Analysis

Vuzix Corporation (NASDAQ: VUZI) has announced that the National Police Unit of the Netherlands is utilizing its Blade Smart Glasses for investigations into augmented reality applications in policing. The glasses provide officers with hands-free navigation and vital crime-related notifications. Initial feedback from officers is positive, highlighting the glasses' design and optics as valuable features for police operations. This collaboration with universities and the police academy follows preliminary testing and aims to assess the technology's effectiveness in real-world scenarios.

Vuzix Corporation (NASDAQ: VUZI) is hosting a webinar on September 3, 2020, with the University of Louisville School of Medicine to discuss the application of smart glasses in healthcare.

The Vuzix M400 Smart Glasses have been piloted in various medical settings, enhancing emergency response and training.

Vuzix aims to capitalize on the growing healthcare segment, which includes telemedicine and hands-free support, as highlighted by CEO Paul Travers.

Vuzix Corporation (NASDAQ: VUZI) will present at the LD 500 Virtual Conference from September 1-4, 2020. CEO Paul Travers is scheduled to speak on September 1, 2020 at 10:40 AM EST. The presentation will be available via live webcast for all investors interested in attending. Vuzix specializes in Smart Glasses and Augmented Reality products, holding 166 patents and various industry awards. For more details, participants can register for the event at LD Micro.

Vuzix Corporation (NASDAQ: VUZI) announced that Rozetta Corporation selected their Smart Glasses for two projects focused on translation solutions. The first, e-Sense, developed with Tobishima Corporation, aims to enhance productivity and safety in construction through automatic language interpretation and data recording, initially supporting Japanese, English, and Vietnamese. The second project involves a healthcare study with St. Luke's International Hospital, utilizing Vuzix Blade Smart Glasses for better communication with foreign patients. These applications could expand into various industries, demonstrating Vuzix's growing market opportunities.

Vuzix Corporation (NASDAQ: VUZI) has announced that its M400 Smart Glasses are now compatible with CARE4D's Telepresenz®, a HIPAA-compliant telepresence solution for healthcare and industry. This partnership allows remote users to connect with experts for real-time, two-way audio-video communication, enhancing remote support and operational efficiency in various workflows. Vuzix continues to solidify its position in the Smart Glasses market, providing solutions aimed at improving healthcare delivery and enterprise operations.

Vuzix Corporation (NASDAQ: VUZI) announced an expansion of its M400 Smart Glasses availability to 54 countries. This move, driven by increased demand during the COVID-19 pandemic, supports business continuity solutions. The M400 has gained traction across various industries including healthcare and manufacturing, as companies diversify operations away from China. CEO Paul Travers noted a rise in orders and inquiries, emphasizing the smart glasses' role in facilitating remote support. Vuzix aims to enhance support for resellers and customers globally.

Vuzix Corporation (NASDAQ: VUZI) announced the integration of Microsoft Intune and MobileIron mobile device management (MDM) applications with its M400 Smart Glasses. This support allows enterprise customers to efficiently deploy and manage smart glasses at scale, enhancing device security and management capabilities. The M400 can quickly be enrolled in MobileIron's system, minimizing setup time. This development aligns with Vuzix's commitment to satisfying Fortune 1000 companies' security needs as they consider large-scale rollouts of the M400 Smart Glasses.

Vuzix reported a remarkable second quarter with revenues reaching $3.0 million, marking a 39% increase year-over-year and 98% sequential growth. Smart glasses sales surged 183% year-over-year, driven by demand in the healthcare sector and increased orders from existing clients due to COVID-19 disruptions. Despite a loss from operations of $4.2 million, the gross profit rose to $0.8 million, significantly improved from $0.2 million in 2019. The company reported $13.2 million in cash reserves as of June 30, 2020.

On Aug. 3, 2020, Vuzix Corporation (NASDAQ: VUZI) announced that Optus, a major Australian wireless provider, showcased a case study using Vuzix M400 Smart Glasses during a 5G network trial. The study featured a solar engineer in Perth connected to a remote expert in Sydney, highlighting how Vuzix technology supports remote training and assistance, critical during the COVID-19 pandemic. Vuzix continues to empower businesses to address operational challenges with its innovative solutions, as noted by company leaders in the announcement.