Associated tags: Smartglasses, IP, Software as a service, Augmented reality, Consumer Electronics Show, Wireless, CES, Vuzix, AR
Locations: UK, JAPAN, TOKYO, AFRICA, BELGIUM, CORNERSTONE, SAN FRANCISCO, GEORGIA, DENVER, CO, NEW YORK, CANADA, AR, MEXICO, US, NY
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Cryptocurrency Engineering services revenues were $0.2 million for the three months ended March 31, 2024 as compared to nil in the prior year's quarter.
Key Points:
- Engineering services revenues were $0.2 million for the three months ended March 31, 2024 as compared to nil in the prior year's quarter.
- Research and Development expense was $2.7 million for the three months ended March 31, 2024, versus $3.1 million for the comparable 2023 period, a decrease of approximately 11%.
- The cash net loss, excluding working capital changes, a non-GAAP measure, was $6.5M for the first quarter of 2024 versus $5.4M for the comparable 2023 period.
- Participating on the call will be Vuzix' Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together will discuss operational and financial highlights for the quarter ended March 31, 2024.
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.
Key Points:
- 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.
- The link will become active approximately 15 minutes prior to the start of the conference call.
- Telephonic and webcast replays will be available for 30 days starting on May 9, 2024 at approximately 5:30 PM (ET).
As a referral partner, NetLogistik will offer and implement Moviynt’s Mobilium™ platform driving increased frontline worker productivity by enabling hands-free operations and improved user experiences.
Key Points:
- As a referral partner, NetLogistik will offer and implement Moviynt’s Mobilium™ platform driving increased frontline worker productivity by enabling hands-free operations and improved user experiences.
- As the ultimate hands-free warehouse enabler, Vuzix smart glasses factor significantly into the Moviynt solution mix.
- “Many NetLogistik customers are looking to add mobility solutions to warehouse processes to speed inventory management, order picking, putaway, cross-docking, inspections, and more,” says Jagan Reddy, Managing Director US, NetLogistik.
- Their experience across supply chain enablers is second to none and represents an excellent complement to the Moviynt suite," says Philip Matkovsky, President and CEO of Moviynt.
Retrieved on:
Wednesday, April 24, 2024
ROCHESTER, N.Y., April 24, 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 its partner TeamViewer, a global leader in remote connectivity and workplace digitalization solutions, recently published a customer success story regarding Nadro S.A. de C.V., Mexico's premier pharmaceutical wholesale distributor. Using Vuzix M400™ smart glasses, TeamViewer Frontline and Acuraflow's local support, Nadro has been able to improve picking time by 30% while significantly decreasing training time for its employees. The time for onboarding and training was reduced by 93%, accelerating the time usually needed for employees to work more autonomously.
Key Points:
- Using Vuzix M400™ smart glasses, TeamViewer Frontline and Acuraflow's local support, Nadro has been able to improve picking time by 30% while significantly decreasing training time for its employees.
- Nadro selected TeamViewer Frontline's vision picking solution running on Vuzix M400 smart glasses to help it manage a high volume of goods using digitalized cloud-based warehousing and picking processes.
- Nadro currently has 400 pairs of Vuzix smart glasses being rolled out to all 14 of their warehouse locations.
- "Vuzix smart glasses are designed for ease-of-use and all-day wear so organizations can see maximum productivity gains as Nadro has.
ROCHESTER, N.Y., April 23, 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 the Company has received additional orders for Vuzix M400™ smart glasses from a Fortune 100 global retailer to primarily support the warehousing and logistics needs of this customer. Vuzix smart glasses are now being used in multiple locations globally including the US, Canada, Mexico and throughout EMEA, and this customer continues to expand across an increasing number of their company locations since the start of 2024.
Key Points:
- ROCHESTER, N.Y., April 23, 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 the Company has received additional orders for Vuzix M400™ smart glasses from a Fortune 100 global retailer to primarily support the warehousing and logistics needs of this customer.
- Vuzix smart glasses are now being used in multiple locations globally including the US, Canada, Mexico and throughout EMEA, and this customer continues to expand across an increasing number of their company locations since the start of 2024.
- "Vuzix has been working with this customer for some time to support the development of the solution, and we're excited to have moved well beyond the proof-of-concept stage into a broader rollout.
- This deployment is a strong confirmation that smart glasses are coming into their own as a strategic tool for workforce digitization and supply chain management," said Paul Travers, President and Chief Executive Officer at Vuzix.
As a referral partner, NetLogistik will offer and implement Moviynt's Mobilium™ platform, driving increased frontline worker productivity by enabling hands-free operations and improved user experiences.
Key Points:
- As a referral partner, NetLogistik will offer and implement Moviynt's Mobilium™ platform, driving increased frontline worker productivity by enabling hands-free operations and improved user experiences.
- As the ultimate hands-free warehouse enabler, Vuzix smart glasses factor significantly into the Moviynt solution mix.
- "NetLogistik has an excellent reputation for driving value within the warehouse with its proven implementation services and support.
- Their experience across supply chain enablers is second to none and represents an excellent complement to the Moviynt suite," says Philip Matkovsky, President and CEO of Moviynt.
Vuzix,
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Research and development,
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Atomistic,
Smartglasses,
MicroLED,
Cryptocurrency Sales of engineering services for the year ended December 31, 2023, were modestly higher at $1.4 million as compared to $1.3 million in the same period of 2022.
Key Points:
- Sales of engineering services for the year ended December 31, 2023, were modestly higher at $1.4 million as compared to $1.3 million in the same period of 2022.
- Included in Total Cost of Sales for 2023 were inventory write-down and obsolescence provisions totaling $4.4 million, as compared to provisions of $0.3 million for the 2022 year.
- Net cash flows used in operating activities for 2023 was $26.3 million as compared to the prior year's total of $24.5 million.
- As of December 31, 2023, the Company maintained cash and cash equivalents of $26.6 million and an overall working capital position of $36.3 million.
NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Vuzix Corporation (“Vuzix” or the “Company”) (NASDAQ: VUZI) on behalf of Vuzix stockholders.
Key Points:
- NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Vuzix Corporation (“Vuzix” or the “Company”) (NASDAQ: VUZI) on behalf of Vuzix stockholders.
- Our investigation concerns whether Vuzix has violated the federal securities laws and/or engaged in other unlawful business practices.
- Click here to participate in the action.
- On this news, Vuzix’s stock price fell $0.12, or 9%, to close at $1.21 per share on March 28, 2024, thereby injuring investors.
Wearables,
Mobile Technology,
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Wireless,
Technology,
Engineering,
Photography,
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Audio,
Video,
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Consumer Electronics,
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RGB,
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3D,
AI,
Workflow,
ASA,
Workforce,
PLT,
Multimedia,
Camera poLight ASA (OSE: PLT) today confirms that Vuzix Shield ™ AR smart glasses have been released for general availability in the industrial enterprise market.
Key Points:
- poLight ASA (OSE: PLT) today confirms that Vuzix Shield ™ AR smart glasses have been released for general availability in the industrial enterprise market.
- Besides being the world’s first binocular waveguide smart glasses implemented for industrial use, Vuzix Shield also uses TLens® in its two front-facing stereo RGB autofocus cameras.
- View the full release here: https://www.businesswire.com/news/home/20240408284501/en/
Vuzix Shield™ AR glasses, the world’s first binocular waveguide smart glasses implemented for industrial use, utilizes poLight ASA TLens® in its two front-facing stereo RGB autofocus cameras.
- “Vuzix is a veteran in the industrial, enterprise AR market, and the Vuzix Shield product boasts state-of-the-art stereo AF cameras leveraging our TLens® technology.
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.
Key Points:
- 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.
- The link will become active approximately 15 minutes prior to the start of the conference call.
- Telephonic and webcast replays will be available for 30 days starting on April 15, 2024 at approximately 5:30 PM (ET).
- To access the telephonic replay, please dial 877-660-6853 in the U.S. or Canada and 201-612-7415 for international callers.
