Vuzix Stock Price, News & Analysis

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.

Vuzix Corporation (NASDAQ: VUZI) announced it will host a conference call on August 10, 2020, at 4:30 PM ET to discuss its second quarter 2020 operating results. CEO Paul Travers and CFO Grant Russell will provide operational and financial highlights for the quarter ended June 30, 2020. Investors can join via telephone or access a live webcast on the company's investor relations page. The call will allow for a Q&A session, with submissions accepted prior to the meeting. A replay will be available for 30 days post-call.

Vuzix Corporation (NASDAQ: VUZI) announced that its M400 Smart Glasses are being used in gastrointestinal surgeries at a leading hospital in Barcelona, Spain. The glasses enable real-time video and audio streaming, allowing for remote collaboration among medical experts. Dr. Rafael Díaz Del Gobbo, a surgeon at the hospital, performed a sleeve gastrectomy while streaming the procedure online, connecting with a team in Miami. This innovation helps reduce equipment exposure and fosters medical collaboration during the Covid-19 pandemic.

Vuzix Corporation (NASDAQ: VUZI) announced a partnership with ProGlove to offer a hands-free scanning solution aimed at improving efficiency and safety across various industries like retail and logistics. The collaboration combines ProGlove's wearable barcode scanners with Vuzix's smart glasses, enhancing user comfort and productivity while minimizing scanning errors. ProGlove's technology is already utilized by major global brands, showcasing its reliability and potential impact on workflow optimization.