Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, the Asia-Pacific, Europe, and internationally. It provides M300XL, M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; and other AR products, such as binocular next generation smart glasses and AR smart glasses product with 3D, stereo cameras, and 3D camera vision, as well as custom and engineering solutions. The company sells its products through resellers, direct to commercial customers, and via online stores, as well as various Vuzix operated web stores. It has a collaboration agreement with AmbiFi. The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in September 2007. Vuzix Corporation was founded in 1997 and is headquartered in West Henrietta, New York.
IPO Year:
Exchange: NASDAQ
Website: vuzix.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/10/2023 | Buy → Neutral | BTIG Research | |
| 12/21/2021 | $15.00 | Buy | Dawson James |
- Partnership and strategic $20 million investment by Quanta Computer with the first $10 million received; focused on manufacturing waveguides at scale and developing AI smart glasses for the broad markets. - Vuzix waveguide technology continues to lead and is the core of AI smart glasses. - Expanding OEM/ODM opportunities and recent partnerships with Quanta, Garmin and others. - Implemented key initiatives to enhance operational efficiency, including reducing capital expenditures and headcount. ROCHESTER, N.Y., Oct. 2, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI smart glasses and Augmented Reality (AR) technology and products
ROCHESTER, N.Y., Sept. 26, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), a leading supplier of smart glasses and Augmented Reality (AR) technology, today announced an expanded focus on OEM partnerships and waveguide manufacturing following its recent strategic investment by Quanta Computer Inc., a global ODM leader. With this partnership, Vuzix is now better positioned to collaborate with new clients in developing and mass-producing intelligent waveguide configurations, ranging from standalone components to complete AR/AI smart glasses solutions. Vuzix' OEM design app
Quanta investment part of a total $20 million strategic investment agreement to support the expansion of Vuzix' leading-edge waveguide production capabilities and joint development of new AR/AI smart glasses technologiesROCHESTER, N.Y., Sept. 16, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that it has completed the closing of the first investment tranche, for the sale of $10 million in common stock at $1.30 per share, under its previously announced September 3, 2024 purchase agreement with Quanta Computer Inc.
Vuzix to receive a $20 million dollar investment in 3 tranches from Quanta Computer, one of the world's largest ODMsQuanta investment to support the expansion of Vuzix' leading-edge waveguide production capabilities and joint development of new AR/AI smart glasses technologiesROCHESTER, N.Y., Sept. 3, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce Quanta Computer Inc. (TWSE: 2382.TW), ("Quanta"), a global Fortune 500 company and worldwide leading Original Design Manufacturer (ODM), has entered into a $20 million three-tranche strategic investment
ROCHESTER, N.Y., Aug. 16, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced that its Z100 smart glasses have been selected by GPS TUNER, a leader in white label eMobility software solutions, to bundle as a heads-up AR display compliment to the apps they offer and sell to eBike global manufacturers and their end-users. GPS TUNER's mission is to revolutionize smart mobility by providing innovative, reliable, and user-friendly navigation solutions fo
ROCHESTER, N.Y., Aug. 14, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the three months ended June 30, 2024. "In our second quarter of 2024, Vuzix underpinned key end-customer and strategic relationships within the enterprise, consumer, and defense markets centered around business opportunities that are expected to have a meaningful impact on both our balance sheet and top-line revenue growth over the back
New manufacturing process enables higher yields, increased optical performance and the use of high index polymer or glass substrates ROCHESTER, N.Y., Aug. 13, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that it has developed a new micro-touch manufacturing technique within its optical waveguide fabrication processes, an advancement that will allow for better optical performance, higher yields and greater unit production rates in general.
New solution features operating temperatures down to -20°C and comes with 1-year access to the most popular collaboration tools for remote workers ROCHESTER, N.Y., Aug. 12, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced the introduction of M400 Xtreme smart glasses, a new kit that incorporates numerous advancements to its already widely adopted M400, and features the new Xtreme Weather power bank, a lightweight, long lasting battery that, just like the main M400 Xtreme, is IP67-rated against dust and water intrusion and operates at temperatures ranging from -
ROCHESTER, N.Y., Aug. 1, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its second quarter 2024 operating results at 4:30 PM Eastern Time (ET), August 14, 2024. To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participan
Bridging the gap between mobile devices and ERP systems to empower the rapid development of new workflows that eliminate inefficienciesInstalled base of over 20,000 companies worldwideROCHESTER, N.Y., July 30, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that Moviynt®, its wholly owned subsidiary and SAP Certified ERP SaaS logistics solution provider, has received certification from leading business software provider SAP for its Mobilium Gateway™ 3.0 solution to be used with SAP's S/4HANA Cloud Private Edition software platform, a tailored-to-fit clou
BTIG Research downgraded Vuzix from Buy to Neutral
Dawson James initiated coverage of Vuzix with a rating of Buy and set a new price target of $15.00
Maxim Group downgraded Vuzix from Buy to Hold
BTIG initiated coverage of Vuzix with a rating of Buy and set a new price target of $30.00
BTIG Research initiated coverage of Vuzix with a rating of Buy
- SEC Filing
Shares of Vuzix Corporation (NASDAQ:VUZI) rose sharply in today's pre-market trading after the company disclosed a strategic partnership with Avegant to develop optimized waveguide optical modules for use in future AI-enabled smart glasses. Vuzix shares jumped 15% to $1.53 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers SMX (Security Matters) Public Limited Company (NASDAQ:SMX) rose 109.8% to $0.2497 in pre-market trading after jumping 19% on Tuesday. Selina Hospitality PLC (NASDAQ:SLNA) gained 46.9% to $0.1024 in pre-market trading after declining 7% on Tuesday. Tempest Therapeutics, Inc. (NASDAQ:TPST) shares rose 44.5%
Gainers Presto Automation (NASDAQ:PRST) shares rose 45.5% to $0.11 during Thursday's pre-market session. The company's market cap stands at $12.5 million. SMX (Security Matters) (NASDAQ:SMX) shares rose 23.02% to $0.15. The market value of their outstanding shares is at $5.7 million. Schmid Group (NASDAQ:SHMD) stock rose 16.72% to $4.99. The company's market cap stands at $214.4 million. Syntec Optics Holdings (NASDAQ:OPTX) stock rose 14.76% to $2.41. The market value of their outstanding shares is at $88.4 million. Cyngn (NASDAQ:CYN) stock increased by 10.83% to $0.09. The market value of their outstanding shares is at $12.4 million. Vuzix (NASDAQ:VUZI) shares increased by 10.52% to $
Waveguide form factors can range from several inches diagonally to several feet or more
Shares of Alibaba Group Holding Limited (NYSE:BABA) fell sharply during Tuesday's session following mixed first-quarter financial results. The e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per ADS of $1.40 missed the analyst consensus estimate of $1.41, according to data from Benzinga Pro. Alibaba Group shares tumbled 6.8% to $78.86 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares jumped 352.4% to $5.34 as the company reported pricing of $8.19 million
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Ophthalmologist Doctor Shabbir Khambati appointed as a founding board memberROCHESTER, N.Y., Jan. 29, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that it has established an Optometry Advisory Board (OAB), whose primary purpose will be to provide strategic input, guidance, and recommendations to Company management on vision correction issues and how to better build products and services to meet Vuzix' customer vision requirements. The Company also announces the appointment of Doctor Shabbir Khambati to this board as the chair and a founding board mem
- Quanta to utilize Vuzix' advanced waveguides and display engines to manufacture next generation lightweight smart glasses ROCHESTER, N.Y., Nov. 15, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, and Quanta Computer ("Quanta"), a Global Fortune 500 Company and worldwide leading Original Design Manufacturer (ODM), today announced that the two firms have entered into a partnership agreement which will support the manufacture of next generation lightweight smart glasses for the broader markets.
ROCHESTER, N.Y., Jan. 11, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company has appointed business operations, manufacturing, and technology veteran Pete Jameson to the open role of Chief Operating Officer (COO). Mr. Jameson joined Vuzix in January 2021 and had served as General Manager of Vuzix until this appointment. Mr. Jameson brings a wealth of general management and operating experience to his new position. Prio
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ROCHESTER, N.Y., Aug. 14, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the three months ended June 30, 2024. "In our second quarter of 2024, Vuzix underpinned key end-customer and strategic relationships within the enterprise, consumer, and defense markets centered around business opportunities that are expected to have a meaningful impact on both our balance sheet and top-line revenue growth over the back
ROCHESTER, N.Y., Aug. 1, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its second quarter 2024 operating results at 4:30 PM Eastern Time (ET), August 14, 2024. To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participan
ROCHESTER, N.Y., May 9, 2024 /PRNewswire/ --- Vuzix® Corporation (NASDAQ:VUZI) ("Vuzix" or the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technologies and products, today reported its first quarter results for the three months ended March 31, 2024. "In Q1 2024, Vuzix continued to work toward expanding and deepening relationships within the enterprise, consumer, and defense markets. An increasing number of potential customers are indicating they embrace the unique competitiveness of our solutions and our core technology and have confirmed their i
ROCHESTER, N.Y., May 2, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its first quarter 2024 operating results at 4:30 PM Eastern Time (ET), May 9, 2024. To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participants can
ROCHESTER, N.Y., April 15, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its fourth quarter and full year financial results for the year ended December 31, 2023. "In 2023, Vuzix made important advancements in our product development, core technologies and manufacturing, all of which uniquely position Vuzix to play an important role in the expected to become multibillion dollar AR smart glasses market," said Paul Travers, President and CEO
ROCHESTER, N.Y., April 9, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its fourth quarter and full year 2023 operating results on Monday, April 15, 2024 at 4:30 PM Eastern Time (ET). To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the schedul
ROCHESTER, N.Y., March 27, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that due to the expanded nature of the audit for 2023 regarding certain transactions and time required to complete it, the Company plans to file a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission that allows for a 15-day grace period for the filing of its Form 10-K. The Company believes that all required audit procedures will be completed in time so that it may file its Form 10-K within the 15-day grace period.
ROCHESTER, N.Y., March 11, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its fourth quarter and full year 2023 operating results on Thursday, March 28, 2024 at 4:30 PM Eastern Time (ET). To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the sche
- Total Q2 2023 revenue rose 56% year-over-year and 12% quarter-over-quarter ROCHESTER, N.Y., Aug. 8, 2023 /CNW/ -- Vuzix® Corporation (NASDAQ:VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the three months ended June 30, 2023. "During the second quarter we achieved record smart glasses sales, which drove total sales growth of 56% year-over-year and 12% quarter-over-quarter, largely due to sales channel growth through additional salesforce resources and in
- Total Q2 2023 revenue rose 56% year-over-year and 12% quarter-over-quarter ROCHESTER, N.Y., Aug. 8, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the three months ended June 30, 2023. "During the second quarter we achieved record smart glasses sales, which drove total sales growth of 56% year-over-year and 12% quarter-over-quarter, largely due to sales channel growth through additional salesforce resources
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