Aankondiging • May 07
Vuzix Corporation Showcases Latest Advanced Ai-Driven Smart Glasses and Partner Solutions At Sid Display Week Vuzix Corporation exhibited its smart glasses and multiple partner solutions at SID Display Week 2026 at the Los Angeles Convention Center in Los Angeles, California on May 3-8. At this event, Vuzix highlighted its in-house OEM waveguide design and manufacturing capabilities, which span custom optical design, advanced fabrication, and scalable high-volume production. Vuzix demonstrated the latest versions of the Ultralite Pro OEM reference platform, along with its LX1 and Z100 smart glasses at booth #557, showcasing AI-driven functionality across a range of real-world use cases. The exhibit also featured the Company's new optical module collaborations, including prescription-ready push-pull waveguide solutions with integrated photochromic and electrochromic (EC) technologies, enabling adaptive light control for outdoor comfort and dynamic dimming for enterprise and defense environments. These recent collaborations further demonstrate the Company's position as a vertically integrated high-volume supplier capable of supporting global OEM programs from prototype through full commercialization. Rayprus, which specializes in optical design and advanced display module packaging, demonstrated its next-generation full-color uLED xCube light engine integrated with a Vuzix waveguide. Additional light-engine partner solutions at the Vuzix booth were a front-lit LCOS display from Himax and a uLED projector from Hongshi. Redoxlens, a leading innovator in electrochromic (EC) technology specializing in advanced light control solutions for next-generation optical applications, also joined Vuzix at its booth, showcasing its latest advances in electrochromic (EC) technology for next-generation optical applications. Its proprietary lenses deliver a broad visible light transmission (VLT) range from 80% to 20%, allowing seamless adaptation to changing environments. With patented multi-level tint control, users can fine-tune transparency for optimal comfort and performance. The technology also features a battery-economizing memory effect, requiring power only during transitions while maintaining the selected tint with zero energy use. Vuzix was located in booth #557 at Display Week 2026, adjacent to the AI and XR pavilions. Interested parties are welcome to contact Adam Bull at adam_bull@vuzix.com to schedule a meeting or learn more about the Company's smart glasses and OEM waveguide solutions. New Risk • May 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$21m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (US$34m net loss next year). Aankondiging • Apr 29
Vuzix Corporation, Annual General Meeting, Jun 16, 2026 Vuzix Corporation, Annual General Meeting, Jun 16, 2026. Location: at the rit inn & conference center, located at 5257 west henrietta road, henrietta, new york 14467, United States Aankondiging • Apr 14
Vuzix Corporation Launches Pick & Pack Validation Program Vuzix Corporation announced the launch of its Pick & Pack Validation Program, a kit-based hardware and software solution designed to accelerate deployment of smart glasses in warehouse and distribution environments. Building on recent successful enterprise deployments and expanding customer adoption, the program provides a streamlined path for organizations to validate and scale hands-free workflows using smart glasses, without complex integration or extended pilot cycles. Vuzix will showcase the Pick & Pack Validation Program at MODEX 2026, taking place April 13–16 at the Georgia World Congress Center in Atlanta. Program participants receive a pre-configured starter kit that includes either the Vuzix M400 or LX1 smart glasses, preloaded with Mobilium, Vuzix' software platform compatible with SAP and other warehouse and enterprise systems. The kit includes five ready-to-run common warehouse workflows: pick assist, goods receipt, pack assist, pallet build, and bin audit. These workflows closely mirror real-world operations and allow customers to assess performance improvements within their own environments. Designed to move customers from evaluation to operational use within days, the program provides a hands-on proof point demonstrating how smart glasses can improve picking accuracy, packing speed, receiving efficiency, and inventory control within an organization. By combining smart glasses hardware, software, and workflows into one package, the program accelerates time-to-value and provides a clear, low-risk path from evaluation to full deployment. MODEX 2026 participants wanting to explore the Pick & Pack Validation Program can connect with Robby Moss to set up an appointment during the show. Reported Earnings • Mar 14
Full year 2025 earnings released: US$0.42 loss per share (vs US$1.08 loss in FY 2024) Full year 2025 results: US$0.42 loss per share (improved from US$1.08 loss in FY 2024). Revenue: US$6.28m (up 9.1% from FY 2024). Net loss: US$32.3m (loss narrowed 56% from FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Mar 14
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$20m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$34m net loss next year). Significant insider selling over the past 3 months (US$59k sold). New Risk • Mar 06
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$59k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$20m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$30m net loss next year). Significant insider selling over the past 3 months (US$59k sold). Aankondiging • Feb 18
Vuzix Launches All-In-One Enterprise Solutions Kits Featuring Native Microsoft Teams and Zoom for Hands-Free Remote Assistance Vuzix Corporation announced the launch of Vuzix Solutions, a new portfolio of integrated enterprise smart glasses deployment kits designed to accelerate hands-free productivity for frontline workers. Each ruggedized Solutions Kit combines Vuzix smart glasses with pre-configured, software, providing organizations with a streamlined path to deployment and immediate operational impact. Introducing Remote Assist by Vuzix Solutions: The first offering in the portfolio, Remote Assist by Vuzix solutions, delivers native Microsoft Teams and Zoom support purpose-built for Vuzix smart glasses. Traditional video collaboration platforms were designed for smartphones, tablets, and personal computers, often resulting in suboptimal performance and usability when adapted to head-mounted displays. Vuzix has addressed this gap by developing smart glasses-optimized applications that provide intuitive hands-free controls, simplified call management, and a streamlined user experience, while maintaining adherence to Microsoft and Zoom security and compliance standards. Remote assistance remains one of the most established enterprise use cases for wearable technology, delivering immediate value with minimal training requirements. It is particularly well suited for hands-busy environments such as field service, logistics, manufacturing, and industrial maintenance. For some customers, Remote Assist serves as a complete out-of-the-box solution; for others, it provides a foundational entry point into broader digital transformation initiatives. In the coming months, Vuzix plans to introduce additional workflow-specific kits, with each kit delivering a tailored combination of hardware, software, and workflow optimization aligned to specific enterprise needs. Aankondiging • Jan 07
Avegant and Vuzix Announce New Lightweight Binocular AR Reference Design Vuzix Corporation and Avegant Corp. announced at CES 2026 a jointly developed binocular smart glasses reference design that sets a new benchmark for affordability, performance, and wearability in next-generation AR eyewear. The reference design integrates Avegant's AG-30L3, a breakthrough 0.7 cc full-color LCoS light engine, with Avegant' advanced waveguide optics, delivering bright, crisp, full-color imagery in an ultra-compact form factor. The platform enables OEMs to accelerate development of both consumer and enterprise AR smart glasses by offering a ready-to-manufacture architecture that significantly reduces size, weight, and total system cost. To support rapid commercialization, the reference design will be manufactured by Quanta Computer (TWSE: 2382.TW), one of the world’s leading electronics ODMs and a long-time partner to global consumer technology brands, with key innovations including an ultra-compact display system powered by the AG-30L3 delivering high brightness and full-color imagery from a light engine measuring only 0.7 cc, a lightweight binocular form factor featuring a sleek and comfortable industrial design optimized for everyday wear and incorporating Vuzix’ Incognito™ for discrete content viewing, high-efficiency waveguide optics using Vuzix’ proprietary waveguides to ensure bright, transparent and high-contrast visuals, a push-pull prescription lens-ready design supporting users with and without vision correction while eliminating bulky clip-on solutions, and a cost-optimized architecture leveraging Quanta’s high-quality and large-scale manufacturing capabilities to reduce system cost and accelerate time to market. Aankondiging • Jan 05
Vuzix Corporation Showcases AI-Powered Smart Glasses and Waveguide Solutions with its Global Ecosystem Partners at CES 2026 Vuzix Corporation is excited to showcase its latest innovations and joint solutions at the 2026 Consumer Electronics Show (CES) in Las Vegas, Nevada, from January 6-9. Visitors can experience Vuzix' advanced hardware solutions and waveguide technologies at Booth #19340 in the Center Hall of the Las Vegas Convention Center. On the OEM waveguide front, Vuzix is once again pushing the boundaries of what's possible in advanced optics. Paired with cutting-edge display engines, from microLEDs to ultra-compact, full-color LCoS projectors, as well as a novel laser-LCoS projectionor from partner Vitrealab, these solutions showcase how these technologies are shaping the next generation of lightweight, AI-powered wearable devices. Some of these solutions will be shown as implemented in the Ultralite Pro enterprise platform and Z100 smart glasses. Also on display in the Vuzix booth will be a jointly developed binocular smart glasses reference design that sets a new benchmark for affordability, performance, and wearability. The lightweight, ultra-compact design, available to be manufactured by Quanta Computer for OEMs, pairs Vuzix' advanced waveguides with an Avegant full-color LCoS light engine to deliver bright, crisp visuals in a discreet binocular form factor with Vuzix' Incognito viewing technologies and a push-pull prescription lens system that seamlessly supports users with or without vision correction. Enterprise Smart Glasses: Real Work. Live at CES. Vuzix will showcase how augmented reality is revolutionizing frontline work with live, hands-on demonstrations focused on logistics, field service, and step-by-step work instructions. Using Vuzix LX1 smart glasses, the Vuzix Ultralite Pro platform, and Vuzix M400 smart glasses, attendees will see how enterprise teams can work faster, safer, and smarter--without ever taking their hands off the job. Powered by Vuzix Mobilium warehousing software and software partners Augmex and Field Pal these demos highlight real-world deployments where AR combines with AI to deliver immediate productivity gains and measurable ROI. Building on these demonstrations, the Company's President of Enterprise Solutions, Dr. Chris Parkinson, will unveil the soft launch of a faster, easier path for scalable smart glasses deployments with his Vuzix Solutions go-to-market strategy and smart glasses kits. Combining rugged hardware, proven software specific to client needs, AI capabilities, and deployment support, Vuzix Solutions is expected to roll out in 1Q2026, and delivers a complete ecosystem for clients to best utilize the power of AR and AI in the workplace. New Risk • Nov 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$20m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$20m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$30m net loss next year). Reported Earnings • Nov 14
Third quarter 2025 earnings released: US$0.095 loss per share (vs US$0.14 loss in 3Q 2024) Third quarter 2025 results: US$0.095 loss per share (improved from US$0.14 loss in 3Q 2024). Revenue: US$1.16m (down 16% from 3Q 2024). Net loss: US$7.38m (loss narrowed 20% from 3Q 2024). Revenue is forecast to grow 75% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Aankondiging • Sep 23
Vuzix Corporation announced that it has received $19.999583 million in funding from Quanta Computer Inc. On September 22, 2025, the Vuzix Corporation closed the transaction by issuing series B preferred stock under third and final tranche as per agreement. The company has raised $19,999,583 million in funding so far in the transaction. Aankondiging • Sep 08
Vuzix Corporation Appoints Chris Parkinson as President, Enterprise Solutions Vuzix Corporation announced the appointment of Dr. Chris Parkinson as President, Enterprise Solutions at Vuzix. A pioneer in enterprise smart glasses and the visionary co-founder behind RealWear, Dr. Parkinson joins Vuzix to lead its enterprise business into a new era of strategic growth, platform resilience, and global scale. Dr. Parkinson brings nearly three decades of experience spanning AR, AI, SaaS, and speech-driven interfaces, with a proven track record of entrepreneurship, commercialization, and advanced product development. At RealWear, he served as both Chief Technology Officer and later CEO, guiding the company through fundraising, international expansion, and strategic acquisitions. Earlier in his career, he contributed to pioneering wearable and distributed computing platforms at Kopin Corporation, Alien Technology, and Pacific Northwest National Laboratory.
Dr. Parkinson will oversee Vuzix' enterprise product portfolio and go-to-market strategy, including the total customer solution, sales, strategic partnerships, customer adoption, and global channel expansion. His arrival marks a milestone for both Vuzix and the broader wearable computing industry, as he joins forces with Paul Travers—together, two powerhouses in the smart glasses space—ushering in a bold new chapter for Vuzix. Their combined leadership and industry knowledge, along with their shared commitment to innovation, security, and scale, position Vuzix to lead the next wave of enterprise AR adoption across frontline industries worldwide. Reported Earnings • Aug 15
Second quarter 2025 earnings released: US$0.10 loss per share (vs US$0.62 loss in 2Q 2024) Second quarter 2025 results: US$0.10 loss per share (improved from US$0.62 loss in 2Q 2024). Revenue: US$1.30m (up 19% from 2Q 2024). Net loss: US$7.67m (loss narrowed 81% from 2Q 2024). Revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$21m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$35m net loss next year). Shareholders have been diluted in the past year (16% increase in shares outstanding). Aankondiging • Aug 12
Vuzix Introduces LX1 Smart Glasses Designed Specifically for Warehouse Operations Vuzix®? Corporation announced Vuzix LX1™? smart glasses, a purpose-built ruggedized solution for hands-free operation in the warehouse that can support a single shift on one charge. The LX1, which was designed by Vuzix with its years of smart glasses experience, will be manufactured by Vuzix partner Quanta Computer bringing their excellence in manufacturing and quality. The LX1 is expected to start sampling shortly with production and general availability expected to commence before year-end. Equipped with next-generation technology, the LX1 is purpose-built to stand up to the physical demands of modern logistics environments, integrating seamlessly into existing workflows without the friction of complicated onboarding or extensive retraining of other advanced digital tools. Vuzix LX1 smart glasses enhance productivity by combining powerful scanning capabilities and a heads-up Sony OED color HD display with a powerful processor and user-friendly workplace features. With integrated voice control and at-a-glance access to pick lists and data, distribution centers looking to upgrade their aging voice-only picking devices can take advantage of the significant productivity gains offered by hybrid systems and get the best of both voice and vision-based systems. The LX1 enables workers to access inventory, manage shipments, and track orders without interrupting workflows or taking their eyes off the task at hand. Visual scan confirmations, especially in complex picking scenarios or loud environments where voice picking falls short, directly contribute to a more efficient, confident workforce. Productivity gains from vision picking are further supported by visual-prompt onboarding workflows and step-by-step guides with mapping, palletizing diagrams, and multi-language text. Using a growing array of enterprise applications designed for advanced workforce augmentation, Vuzix LX1 smart lenses can integrate artificial intelligence directly into workflows, providing higher levels of quality oversight on everything from inspections to picking jobs, along with camera-enabled "tell me what I'm looking at" knowledge transfer applications. Additional features include a bone conduction microphone for improved voice control and recognition even in loud workplace environments, and an enhanced array of microphones for high-quality two-way communications and voice-activated scanning. NFC tap-to-pair functionality makes utilization across shared and diverse workforces easy and convenient. With Wi-Fi 6E support, and launching with Android 15 OS, the LX1 will offer yearly OS version updates and SoC availability to 2030. Board Change • Aug 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Paula Whitten-Doolin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 07
Vuzix Corporation Announces Board Changes Vuzix® Corporation announced that Alasdair J. MacKinnon has joined its Board of Directors. Alasdair J. MacKinnon is a seasoned finance and audit executive with over three decades of international experience across the U.S. and Europe. Currently Managing Director at Acclarity, MacKinnon has led transformative Sarbanes-Oxley (SOX) initiatives, regulatory compliance redesigns, and operational audits for a diverse range of organizations—including public companies, higher education institutions, and major distributors. Previously, MacKinnon served as Vice President of Internal Audit at Home Properties, where he enhanced data analytics in audit processes, advised on IT and risk initiatives, and contributed to strategic decision-making across multiple committees. During his tenure at Google, he managed global internal audit teams in high-risk areas such as payroll, procurement, and tax, designing controls that significantly reduced
compliance risk and improved operational efficiency. Earlier in his career, MacKinnon held leadership roles at Global Crossing and worked extensively in external audit with Arthur Andersen and PricewaterhouseCoopers in both the U.S. and the UK. A Chartered Accountant (Scotland) and Certified Internal Auditor, he is widely regarded for his collaborative leadership style, mentorship, and ability to drive sustainable improvements in financial governance. MacKinnon holds a Bachelor
of Accountancy from the University of Glasgow. His career reflects a steadfast commitment to integrity, innovation, and continuous learning. Finally, Mr. Edward W Kay, Jr., a member of Vuzix Corporation's Board of Directors since April 2016, passed away suddenly in July 2025. Mr. MacKinnon will be taking over Mr. Kay's responsibilities on the board including the role of Chairperson of the Audit Committee. Reported Earnings • May 14
First quarter 2025 earnings released: US$0.11 loss per share (vs US$0.15 loss in 1Q 2024) First quarter 2025 results: US$0.11 loss per share (improved from US$0.15 loss in 1Q 2024). Revenue: US$1.58m (down 21% from 1Q 2024). Net loss: US$8.64m (loss narrowed 14% from 1Q 2024). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 22% per year. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$27m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$35m net loss next year). Shareholders have been diluted in the past year (18% increase in shares outstanding). Aankondiging • Apr 30
Vuzix Corporation (NasdaqCM:VUZI) acquired advanced waveguide R&D facility in Milpitas, California. Vuzix Corporation (NasdaqCM:VUZI) acquired advanced waveguide R&D facility in Milpitas, California on April 29, 2025.
Vuzix Corporation (NasdaqCM:VUZI) completed the acquisition of advanced waveguide R&D facility in Milpitas, California on April 29, 2025. Aankondiging • Apr 22
Vuzix Corporation, Annual General Meeting, Jun 17, 2025 Vuzix Corporation, Annual General Meeting, Jun 17, 2025. Location: the doubletree by hilton located at 1111 jefferson, road, new york 14623, rochester, United States New Risk • Mar 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$27m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$35m net loss in 2 years). Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • Mar 15
Full year 2024 earnings released: US$1.08 loss per share (vs US$0.79 loss in FY 2023) Full year 2024 results: US$1.08 loss per share (further deteriorated from US$0.79 loss in FY 2023). Revenue: US$5.75m (down 53% from FY 2023). Net loss: US$73.5m (loss widened 47% from FY 2023). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Aankondiging • Mar 12
Vuzix Corporation Announces Peter Jameson to Step Down as COO On March 11, 2025, Peter Jameson, COO of Vuzix Corporation, notified the Company of his decision to step down from his position due to health reasons, effective immediately. Mr. Jameson has served the Company in this role since January 10, 2022, and the Board of Directors expresses its gratitude for his leadership and contributions during this time. At this time and in consultation with Mr. Jameson, the Company has re-aligned and expanded some its senior staff members' responsibilities accordingly. Vuzix, is committed to ensuring a smooth transition through the process. The Board of Directors and the Company extend their best wishes to Mr. Jameson for a swift recovery and continued health. Aankondiging • Feb 28
Vuzix® Corporation Announces Launch of Their AI-Powered Transcription Service Using Vuzix Z100™ Smart Glasses Vuzix® Corporation announced the launch of their AI-powered transcription service using Vuzix Z100™ smart glasses. Designed to enhance accessibility for the deaf or hard of hearing, the TranscribeGlass solution leverages AI to convert speech into text with sub-300 millisecond latency, ensuring fast and accurate closed captions. The system connects via Bluetooth to a customer's existing smartphone or tablet and functions seamlessly in both quiet and noisy environments. Additionally, speaker identification technology allows users to follow conversations more easily in group settings. Aankondiging • Feb 04
Vuzix Corporation Announces the Launch of Their AugmentOS Vuzix Corporation announced the launch of their AugmentOS, a universal operating system designed for smart glasses, including the Vuzix Z100™. AugmentOS combines cutting-edge AI functionality with a revolutionary development platform, unlocking new possibilities for users and developers alike.Now available at AugmentOS.org, AugmentOS 1.0 is a first-of-its-kind operating system and super app that enhances human potential through AI-powered intelligence. It comes pre-enabled with an array of essential features, including real-time captions, instant translation, proactive AI assistance, smart notifications, AI dashboards, and language learning tools—all seamlessly integrated to work right out of the box.Beyond its built-in capabilities, AugmentOS introduces a development platform that simplifies smart glasses app development. Developers can now build a single application that runs across multiple smart glasses models, while multiple AI assistants can work in parallel, using real-world context to proactively assist users throughout their day. With the launch of AugmentOS, Vuzix and Mentra are making AI-powered smart glasses more accessible, functional, and developer-friendly than ever before, paving the way for the next generation of augmented reality experiences. Aankondiging • Jan 09
Vuzix Corporation and Several Partners Demonstrate Growing Ecosystem of Advanced Applications Running on Vuzix Smart Glasses At CES 2025 Vuzix®? Corporation announced that the Company and several of its partners will demonstrate a powerful and diverse set of smart glasses applications running on Vuzix smart glasses at this year's Consumer Electronics Show being held in Las Vegas, Nevada on January 7-10. Demonstrations at the Vuzix booth will include the following: Warehouse & Logistics: Vuzix wholly owned subsidiary Moviynt will be showing its Mobilium platform running on Vuzix M400 smart glasses. Mobilium bridges the gap between mobile devices and ERP systems, including SAP, and provides a studio to empower the rapid development of new workflows for warehouse and logistics operations, which eliminate inefficiencies and capture data from business processes at all levels of the organization. Remote support: Vuzix partner Augmex, a one-stop-shop solutions provider for increasing productivity with smart glasses, will be showing its AUGASSIST remote support solution running on Vuzix M 400 smart glasses. AUGASSIST, equipped with advanced features such as live annotations, artificial intelligence (AI) and augmented reality (AR) overlays, not only minimizes downtime by enabling companies to provide immediate troubleshooting and guidance, but also significantly reduces the travel costs associated with sending engineers on-site. Conversational AI & Assisted Learning: Vuzix partner Mentra, composed of a team of human computer interface experts from MIT, will be featuring its Mentra Merge conversational AI app and Mentra Link real time language learning app on Vuzix Z100 smart glasses. Mentra Merge is the superintelligent agent that improves users' problem solving, creativity, and conversations using proactive AI. Mentra Link gives users live language acquisition input, overlaid on their vision, during second language conversations, as well as translations, captions, and insights available at a glance. Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.14 loss per share (vs US$0.17 loss in 3Q 2023) Third quarter 2024 results: US$0.14 loss per share (improved from US$0.17 loss in 3Q 2023). Revenue: US$1.39m (down 36% from 3Q 2023). Net loss: US$9.22m (loss narrowed 16% from 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Aankondiging • Oct 15
Vuzix Corporation Announces Android 13 Upgrade and Support for its M400 Enterprise Smart Glasses Vuzix Corporation announced that it is releasing for general availability a full final version of the Android 13 mobile operating system for its M400 enterprise smart glasses, underscoring the Company's firm commitment to device security and meeting customer needs. The Android 13 operating system upgrade provides Vuzix customers with the latest and highest-level security possible for head-worn devices, paired with a set of compatible developer tools that continues to enable the creation of advanced M400 software and updates on Android 13. The software's many features include: security updates with ongoing support; improvements to WiFi networking algorithms; improvements to Enterprise device management; improved Android permissions management; and updated from Android API 30 to API 33 for app developers. Aankondiging • Sep 03
Vuzix Corporation announced that it expects to receive $20 million in funding from Quanta Computer Inc. Vuzix Corporation entered into a securities purchase agreement with new investor Quanta Computer Inc. for issuance of 7,692,308 common shares at a price of $1.30 per share for gross proceeds of $10,000,000.4; and series B preferred shares for gross proceeds of $10,000,000; for aggregate gross proceeds of $20,000,000.4 on September 3, 2024. The first closing under the purchase agreement, for the sale of $10,000,000 common stock, will occur fifteen business days after the day on which closing conditions for such closing are met or waived, or such other date as may be agreed. The second closing under the purchase agreement, for the sale of $5,000,000 series B preferred stock, at a purchase price per share equal to the higher of (a) $13.00 or (b) ten times the volume-weighted average sale price of the common stock for the thirty trading days before the date on which the conditions for the second closing are met, will occur fifteen business days after the day on which closing conditions for such closing are met or waived, or such other date as may be agreed. The third closing under the purchase agreement, for the sale of $5,000,000 series B preferred stock, will occur fifteen business days after the day on which closing conditions for such closing are met or waived, or such other date as may be agreed. The purchase agreement may be terminated by either party if the second closing has not occurred within 12 months from the date of the purchase agreement, or if the third closing has not occurred within 18 months from the date of the purchase agreement. Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$0.62 loss per share (vs US$0.14 loss in 2Q 2023) Second quarter 2024 results: US$0.62 loss per share (further deteriorated from US$0.14 loss in 2Q 2023). Revenue: US$1.09m (down 77% from 2Q 2023). Net loss: US$40.6m (loss widened 349% from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$44m free cash flow). Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (US$61.5m market cap). Aankondiging • Aug 13
Vuzix Introduces M400 Xtreme Smart Glasses for Use in A Variety of Harsh Workplace Environments Vuzix Corporation 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 -20°C to 45°C (-4°F – 113°F). Vuzix will be offering the M400 Xtreme kit as an out-of-the-box remote support solution that improves upon its currently available M400 All Weather Kit, specifically with a greater battery capacity, use in the harshest workplace environments, and comfortable headband for long shifts. This new combination of features makes the M400 Xtreme an ideal solution for remote field service assignments and all-day cold storage warehouse duty. To further maximize smart glasses adoption across harsh and remote field assignments, Vuzix is proud to announce a new Collaboration Package offer. For a limited time, the company will be extending all new and existing M400 customers free access to many of the most popular AR communication tools, including Vuzix Video Conferencing for Zoom. These tools enable users to start or join a meeting easily and instantly using hands-free technology, share their point of view using video streaming and more, all on Vuzix M400 smart glasses, and using the teleconferencing apps that clients have already adopted into their workflows. New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$44m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$44m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$30m net loss next year). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (US$87.4m market cap). Aankondiging • Jun 19
Vuzix Corporation Announces its Intention to Offer High Durability Plastic Waveguide Design and Production Capabilities Vuzix Corporation announced that the Company intends to offer the design and manufacture of diffractive waveguides using plastic, in addition to glass. Vuzix will be displaying new early samples of these waveguides during Augmented World Expo USA 2024 (AWE), by appointment only, which begins and runs through June 20 at the Long Beach Convention & Entertainment Center in Long Beach, California. Plastic waveguides offer several potential advantages over glass, most notably greater impact resistance and lighter weight. They can offer refractive indexes of 1.70 or greater, below that of high-index glass formulations, but still sufficient for certain field of view (FOV) waveguide configurations. Like glass, plastic waveguides can be made extremely flat, which is necessary for adding integrated vision correction. Aankondiging • Jun 15
Vuzix Revolutionizes the Display Technology Industry with Introduction of Large Format Waveguide Design and Manufacturing Vuzix Corporation announced that it now has the unique capability to design and produce large format waveguides in its waveguide production facility, a cutting-edge innovation that will redefine the way heads-up visual content is experienced. Large format waveguides, which can range in diagonal size from several inches to several feet or more, represent a significant leap forward in display technology, offering unparalleled clarity, brightness, and immersion. They can be one-quarter inch thick and provide monochrome or full color visuals. These innovative waveguides are designed to enable the creation of large-scale see-through displays with impressive visual fidelity, enabling use cases in the automotive, retail, medical, enterprise, aviation and defense industries, among others. At the heart of this breakthrough technology is the ability to efficiently guide light in and throughout a glass panel, resulting in vibrant images that maintain their brilliance even in well-lit indoor environments. This transformative feature ensures that content remains striking and impactful regardless of ambient lighting conditions, setting anew standard for see-through display performance. Vuzix' large portfolio of waveguide patents and design know-how will allow customers to specify unique shapes and sizes well beyond those used in conventional smart glasses and other see-through displays. Vuzix has developed custom manufacturing processes and equipment to make these large format waveguides a reality. Aankondiging • May 01
Vuzix Corporation, Annual General Meeting, Jun 13, 2024 Vuzix Corporation, Annual General Meeting, Jun 13, 2024, at 10:30 US Eastern Standard Time. Location: the DoubleTree by Hilton located at 1111 Jefferson Road, Rochester, New York 14623 New York United States Agenda: To discuss elect five (5) directors to serve until the 2025 Annual Meeting of Stockholders and until their successors are duly elected and qualified; to ratify the selection of Freed Maxick CPAs, P.C. as the independent registered public accounting firm of the Company for the year ending December 31, 2024; to conduct an advisory vote on executive compensation; and to transact such other business as may properly come before the meeting or any adjournment thereof. Aankondiging • Apr 02
Vuzix Corporation announced delayed annual 10-K filing On 04/01/2024, Vuzix Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$37m net loss next year). Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). New Risk • Feb 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$37m net loss next year). Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (US$99.7m market cap). Aankondiging • Jan 30
Vuzix Corporation Appoints Dr Shabbir Khambati as Chair Vuzix Corporation announced the appointment of Dr Shabbir Khambati as the chair and a founding board member. Aankondiging • Jan 10
Vuzix Introduces Z100 Smart Glasses to Seamlessly Connect Workers with Ai Optimization Tools Vuzix® Corporation announced the unveiling of Vuzix Z100 smart glasses, which will initially be offered as a developer's edition. Built using the Vuzix Ultralite OEM PlatformSM, these safety glasses-certified smart glasses are sleek and made for all day wear. Using them, workers get a human-centered connection to AI and work process applications, receiving critical updates, convenient workflow and task confirmations, and notifications in real time, all while wearing a pair of glasses that workers will enjoy having on. Vuzix Z100 smart glasses pair seamlessly via Bluetooth with Android or iOS IOT devices. They represent the first attractive, functional bridge between AI platform tools, where situational guidance can streamline workflows, and human workers can reap the benefits of a truly connected workplace. In addition to a lightweight AI interface, Vuzix Z100 glasses can augment the data feed from finger scanners, sensors, controllers, and other equipment with minimal native UI, making that data available in a new and highly accessible format. Tasks with sub-standard user feedback due to device or process limitations can now have their workflows displayed in the user's heads up display, providing human-centered outputs and real-time updates. Running up to 48 hours on a single charge, Vuzix Z100 smart glasses pack industry-defining heads-up waveguide technology into a sleek, fashionable form factor that weighs in at just 35 grams – the weight of a standard pair of glasses. Advanced monocular waveguide optics, combined with Vuzix' custom micro display engine, create a crisp, transparent, monochrome image that can deliver all the important information on a user's Android or iOS device, hands-free right before their eyes. Wearers get heads-up access to important task information, from language translation and closed captioning, to directions, to health and workout status, to messaging, workflow outputs and much more. Best of all, Vuzix Z100 smart glasses provide a sleek, attractive form factor that frontline employees will want to wear. Vuzix Z100 smart glasses will be on display at the Consumer Electronic Show (CES) taking place January 9-12, 2024 in Las Vegas, Nevada. Visit Vuzix at booth #20143. Aankondiging • Jan 05
Vuzix Corporation Announces to Showcase Robust Lineup of AI-Enabled Smart Glasses and Interactive, Demonstrations At Consumer Electronics Show Vuzix Corporation announced to showcase a robust lineup of AI-enabled smart glasses and interactive, demonstrations at this year's Consumer Electronics Show being held in Las Vegas, Nevada. In addition to displaying its new CES 2024 Innovation Awards-winning Vuzix Ultralite™? S AR smart glasses OEM design, Vuzix will be demonstrating its M-Series, Vuzix Shield™? and forthcoming Artificial Intelligence optimization wearable at its booth (#20143 in the Center Hall of the Las Vegas Convention Center). Demonstrations at the Vuzix booth will enable visitors to: See how Vuzix Ultralite smart glasses can enhance everyday life: do leg lifts as check out a fitnessacker; stay on course with a running demo; see SMS messages; get updated game scores; keep up to date on the stock market, and more; Experience some of the most common medical use cases involving smart glasses, including device selection and management, surgical protocols, and even brain surgery. Walk through the process of rebooting a cell tower, getting step-by-step instructions in an interactive field service demo using Vuzix Shield smart glasses. Perform inventory management using Vuzix' sleek Ultralite OEM Platform smart glasses and a connected finger scanner to complete basic receiving tasks, getting scan confirmations via the glasses' heads-up display in a retail logistics demo. Tour Vuzix' OEM offerings and learn how waveguide and display engine technologies work, and understand why Vuzix is the only manufacturer enabling the next phase of high-volume, low-cost optics systems, all designed and manufactured in the USA. Booth visitors will also have the opportunity to explore Vuzix' new award-winning Ultralite S AR smart glasses. Aimed in part at sports and fitness users, these glasses boast a sleek design that delivers hands-free, wireless connectivity to the information from the wearer's smartphone or smartwatch. Vuzix Ultralite S also employs Vuzix Incognito technology, virtually eliminating the eyeglow or forward light found with other waveguide-based solutions. Totally customizable, the Vuzix Ultralite OEM Platform can be designed with in different styles, colors, and technology configurations to give consumers the look and feel for their individual lifestyles. Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.17 loss per share (vs US$0.15 loss in 3Q 2022) Third quarter 2023 results: US$0.17 loss per share (further deteriorated from US$0.15 loss in 3Q 2022). Revenue: US$2.18m (down 36% from 3Q 2022). Net loss: US$11.0m (loss widened 16% from 3Q 2022). Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Aankondiging • Oct 27
Vuzix Corporation to Report Q3, 2023 Results on Nov 09, 2023 Vuzix Corporation announced that they will report Q3, 2023 results on Nov 09, 2023 New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$40m net loss next year). Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.14 loss per share (vs US$0.16 loss in 2Q 2022) Second quarter 2023 results: US$0.14 loss per share (improved from US$0.16 loss in 2Q 2022). Revenue: US$4.69m (up 56% from 2Q 2022). Net loss: US$9.04m (loss narrowed 9.7% from 2Q 2022). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Aankondiging • Jul 25
Vuzix Corporation to Report Q2, 2023 Results on Aug 08, 2023 Vuzix Corporation announced that they will report Q2, 2023 results on Aug 08, 2023 New Risk • Jul 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable next year (US$42m net loss next year). Aankondiging • Jun 25
Vuzix Corporation(NasdaqCM:VUZI) dropped from Russell 2000 Growth Index Vuzix Corporation(NasdaqCM:VUZI) dropped from Russell 2000 Growth Index Reported Earnings • May 11
First quarter 2023 earnings released: US$0.16 loss per share (vs US$0.17 loss in 1Q 2022) First quarter 2023 results: US$0.16 loss per share (improved from US$0.17 loss in 1Q 2022). Revenue: US$4.19m (up 68% from 1Q 2022). Net loss: US$10.2m (loss narrowed 2.5% from 1Q 2022). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 1.7% decline forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 03
Full year 2022 earnings released: US$0.64 loss per share (vs US$0.66 loss in FY 2021) Full year 2022 results: US$0.64 loss per share. Revenue: US$11.8m (down 10% from FY 2021). Net loss: US$40.8m (loss widened 1.0% from FY 2021). Revenue is forecast to grow 42% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Aankondiging • Jan 26
Vuzix Corporation Announces Smart Glasses Running on 4G and 5G Networks Continues to Steadily Expand Vuzix Corporation announced that the Company continues to see growing smart glasses demand within the telecom service provider vertical as more devices take advantage of 4G and 5G networks to provide low latency remote support. Over the last 60 days, Vuzix has received a collective mid-six figure orders placed by several customers for such use. Remote support over provider 4G and 5G networks using Vuzix smart glasses can enhance collaborations, increase productivity, streamline workflows, and improve customer satisfaction. They can connect workers on their plant floor or in the field with moment-of-need support from experts across the cellular network, including relevant work instructions and diagnostic assistance. Live video streaming means remote experts can see exactly what the smart glasses wearer is seeing in real time, record it and allow others to augment the wearer's view with overlays and assistive tools. For telecom service providers, significant opportunities exist for both internal and external customer use. Aankondiging • Jan 04
Vuzix® Corporation to Showcase At Consumer Electronics Show 2023 One of the Industry's Broadest and Most Competitive Lines of AR Smart Glasses Vuzix® Corporation showcased a robust lineup of smart glasses at this year's Consumer Electronics Show being held in Las Vegas, Nevada. In addition to displaying its new CES 2023 Innovation Awards winning Vuzix Ultralite™ AR smart glasses OEM design, which uses Vuzix' industry leading waveguides and the latest microLED displays, Vuzix will be demonstrating its M-Series, Vuzix Blade 2™ and Vuzix Shield™ AR smart glasses at its booth (#16991 in the Center Hall of the Las Vegas Convention Center). Demonstrations at the Vuzix booth, which are highlighted in a new blog available here, will include: Using a Vuzix accessory adaptor and a compatible infrared camera, including FLIR cameras, Vuzix M-Series AR smart glasses will allow visitors to see in the infrared spectrum, giving them a heads-up display of what's normally hidden from view. Infrared video can also be broadcast over Zoom to enable team inspections. Using Vuzix Blade 2 AR smart glasses, visitors will be put in charge of solving a real-life industrial challenge, the resetting of an electric power station, using on-glasses video and a set of work instructions. Using Vuzix Shield AR smart glasses, visitors will be put in the role of a quality check inspector checking one of the most beautiful bikes ever, a real MV Agusta Superveloce 8001, to perform a scan for equipment recalls. Using Teamviewer Frontline software running on Vuzix M400 AR smart glasses, visitors will be able to explore how major distribution centers drive efficiency improvements every day. Finally, as part of its OEM offerings, Vuzix will be showcasing the 2023 CES award winning, sleek, AR smart glasses reference design called Vuzix Ultralite. Offering fully customizable form factors, optics and more, Vuzix OEM solutions produce smart glasses and components that are miles ahead of the pack to support the worldwide adoption of AR. Reported Earnings • Aug 10
Second quarter 2022 earnings released: US$0.16 loss per share (vs US$0.14 loss in 2Q 2021) Second quarter 2022 results: US$0.16 loss per share (down from US$0.14 loss in 2Q 2021). Revenue: US$3.01m (up 3.1% from 2Q 2021). Net loss: US$10.0m (loss widened 14% from 2Q 2021). Over the next year, revenue is forecast to grow 53%, compared to a 13% growth forecast for the industry in the United Kingdom. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$0.66 loss per share (down from US$0.53 loss in FY 2020). Revenue: US$13.2m (up 14% from FY 2020). Net loss: US$40.4m (loss widened 102% from FY 2020). Revenue missed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 35%, compared to a 7.4% growth forecast for the industry in the United Kingdom. Reported Earnings • Nov 09
Third quarter 2021 earnings released: US$0.13 loss per share (vs US$0.13 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$3.02m (up 8.6% from 3Q 2020). Net loss: US$7.95m (loss widened 51% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 10
Second quarter 2021 earnings released: US$0.14 loss per share (vs US$0.13 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: US$2.92m (down 4.0% from 2Q 2020). Net loss: US$8.78m (loss widened 85% from 2Q 2020). Board Change • Jul 31
High number of new directors Independent Director Raj Rajgopal was the last director to join the board, commencing their role in 2021. Reported Earnings • May 11
First quarter 2021 earnings released: US$0.12 loss per share (vs US$0.18 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: US$3.92m (up 156% from 1Q 2020). Net loss: US$6.64m (loss widened 13% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 17
Full year 2020 earnings released: US$0.53 loss per share (vs US$0.94 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$11.6m (up 74% from FY 2019). Net loss: US$20.0m (loss narrowed 30% from FY 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 11
Third quarter 2020 earnings released: US$0.12 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: US$2.78m (up 140% from 3Q 2019). Net loss: US$4.76m (loss narrowed 20% from 3Q 2019). Analyst Estimate Surprise Post Earnings • Nov 11
Revenue misses expectations Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 77%, compared to a 11% growth forecast for the Consumer Durables industry in the United Kingdom. Aankondiging • Nov 07
Newcastle University Deploys the Vuzix M400 Smart Glasses of Vuzix® Corporation Vuzix® Corporation announced that Newcastle University has deployed the Vuzix M400 Smart Glasses to carry out remote support among staff and academics at multiple lab sites and home offices in the research of blood cells and diseases including COVID-19. In addition to remote support, lab technicians are using platforms such as Zoom via the M400 Smart Glasses to deliver training across its user base. The Newcastle Flow Cytometry Core Facility at Newcastle University is an advanced technology platform and research lab in the field of Cytometry. Newcastle's laboratory relies on a core team of highly skilled individuals whose job it is to maintain and operate the blood cell analytical systems called cytometers that are used to perform blood cell analysis, but also to train other scientists to operate certain platforms. The systems are not all located in one physical location, and not all members of the team have the same skill sets meaning that it can sometime be difficult to align personnel with the necessary platform. In the current COVID-19 global pandemic, this situation is made even more challenging as its team is working in "bio-bubbles" with one group active on-site and another located at home. Moreover, due to COVID-19, all one-on-one in-person user training and support for this program was due to be suspended unless another method of training and support could be put in place. Much of the research work that the team performs in the laboratory is hands-on and requires complete freedom of both hands to operate the systems and conduct experiments safely and effectively. After extensive research, Dr. Andrew Filby, Director of the Newcastle Flow Cytometry Core and Lead of the Innovation, Methodology and Innovations Research Theme, and his team chose the Vuzix M400 Smart Glasses to provide remote support and training to the team. While still enabling a hands-free working environment, the M400 Smart Glasses, which also can be configured with safety glasses, ensured they that they were safe to use in a BioSafety level 2 laboratory. 
