Vuzix

Vuzix Reports Second Quarter 2024 Results

Retrieved on: 
Wednesday, August 14, 2024
Development, Marketing, Administration, Engineering, Research and development, Outside, Vuzix, OEM, Research, Advertising

Engineering services revenues were $0.5 million for the three months ended June 30, 2024 as compared to $0.3 million in the prior year's quarter.

Key Points: 
  • Engineering services revenues were $0.5 million for the three months ended June 30, 2024 as compared to $0.3 million in the prior year's quarter.
  • Research and Development expense was $2.4 million for the three months ended June 30, 2024, versus $2.8 million for the comparable 2023 period, a decrease of approximately 17%.
  • The cash net loss, excluding working capital changes, a non-GAAP measure, was $5.9M for the second quarter of 2024 versus $4.5M for the comparable 2023 period.
  • "We expect to see top-line revenue improvement over the second half of 2024.

Augmented Reality in Construction Thematic Research Report 2024: 37% of Construction Companies Intend to Invest in AR Within the Next Two Years - Wearable Start-ups will Continue to Emerge, - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 7, 2024
Technology, Other Construction & Property, Construction & Property, Wearables, Mobile Technology, Electricity, Augmented reality, Carbon accounting, Construction, 3D, Vuzix, Health, ESG, Data, Smartglasses, VINCI, Safety, Carbon, Perception, Microsoft, Tablet, Pressure, VR, AECOM, Acquisition, BIM, Research, Larsen & Toubro, Creative industries

The "Augmented Reality in Construction" thematic intelligence report gives you an in-depth insight into the impact of AR in construction, including key players, challenges, and market size and growth forecasts.

Key Points: 
  • The "Augmented Reality in Construction" thematic intelligence report gives you an in-depth insight into the impact of AR in construction, including key players, challenges, and market size and growth forecasts.
  • The report elucidates the growing importance of AR in the construction sector along with the progress made by the leading companies to integrate AR and VR.
  • AR is highly applicable in design, construction, and operation AR and its applications benefit the construction industry throughout the construction value chain, from conceptual design to operations and maintenance.
  • Below is a list of the construction companies leading in AR adoption and the leading specialist AR vendors in construction.

Vuzix Schedules Conference Call to Discuss Second Quarter 2024 Financial Results and Business Update

Retrieved on: 
Thursday, August 1, 2024
Vuzix, Augmented reality, Smartglasses, Mobile phone

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.

Key Points: 
  • 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.
  • 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 August 14, 2024 at approximately 5:30 PM (ET).

Augmented Reality Market to Be Worth $210.1 Billion by 2031- Exclusive Report by Meticulous Research®

Retrieved on: 
Monday, July 22, 2024
Around, Travel, SoFi Stadium, AFL, Software, Nvidia, Snap Inc., National Football League, Transport, Tourism, Smartglasses, Augmented reality, Government, Health, Artificial intelligence, Education, Investment, Sony, Marketing, Entertainment, Qualcomm, Vuzix, Apple Inc., PTC, Retail, Advertising, Microsoft, NFL, Growth, Video game

In 2024, the hardware segment is expected to account for the largest share of around 55% of the augmented reality market.

Key Points: 
  • In 2024, the hardware segment is expected to account for the largest share of around 55% of the augmented reality market.
  • In 2024, the marker-based AR segment is expected to account for the larger share of the global augmented reality market.
  • In 2024, the gaming segment is expected to account for the largest share of around 33% of the augmented reality market.
  • In 2024, North America is expected to account for the largest share of around 40% of the augmented reality market.

Augmented Reality Market to Be Worth $210.1 Billion by 2031- Exclusive Report by Meticulous Research®

Retrieved on: 
Monday, July 22, 2024
Around, Travel, SoFi Stadium, AFL, Software, Nvidia, Snap Inc., National Football League, Transport, Tourism, Smartglasses, Augmented reality, Government, Health, Artificial intelligence, Education, Investment, Sony, Marketing, Entertainment, Qualcomm, Vuzix, Apple Inc., PTC, Retail, Advertising, Microsoft, NFL, Growth, Video game

In 2024, the hardware segment is expected to account for the largest share of around 55% of the augmented reality market.

Key Points: 
  • In 2024, the hardware segment is expected to account for the largest share of around 55% of the augmented reality market.
  • In 2024, the marker-based AR segment is expected to account for the larger share of the global augmented reality market.
  • In 2024, the gaming segment is expected to account for the largest share of around 33% of the augmented reality market.
  • In 2024, North America is expected to account for the largest share of around 40% of the augmented reality market.

Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Full Color Optical Reference Design for AI-Enabled Consumer Smart Glasses

Retrieved on: 
Thursday, June 20, 2024
Liquid crystal on silicon, Partnership, Consumer Electronics Show, Augment, Vuzix, Augmented reality, AWE, Entertainment center, Crave, CES, Smartglasses, Original equipment manufacturer, Television

This partnership's objective is to integrate Avegant's compact LCoS AG-30L2 30-degree light engine with a fully customized version of Vuzix' next-generation full-color Incognito-enabled waveguide.

Key Points: 
  • This partnership's objective is to integrate Avegant's compact LCoS AG-30L2 30-degree light engine with a fully customized version of Vuzix' next-generation full-color Incognito-enabled waveguide.
  • Together, Vuzix and Avegant will be creating an optimized and complete AR display module that is intended to be used as an optical reference design for AI-enabled fashion-forward consumer smart glasses.
  • Attendees will have the opportunity to experience the solution's cutting-edge optical performance firsthand and witness the future of AI-enabled smart glasses.
  • "This partnership promises to advance the design and introduction of full-color consumer smart glasses that people will actually want to buy and wear.

Smart Personal Protective Equipment Market size is set to grow by USD 7.61 billion from 2024-2028, risks of physical injuries in labor-intensive industries to boost the market growth, Technavio

Retrieved on: 
Wednesday, June 19, 2024
Online, Ali Baba, Advertising, Construction, 3M, PPE, Research, Research report, IndiaMART, Personal protective equipment, Eye, Social media, Sample, Vuzix, Growth, ROI, Head, Safety, Organization, Calibration, Safety (gridiron football position), Health, Honeywell, Kimberly-Clark, Foot

The global smart PPE market is experiencing growth due to vendors expanding distribution through direct sales, online, and retail channels.

Key Points: 
  • The global smart PPE market is experiencing growth due to vendors expanding distribution through direct sales, online, and retail channels.
  • Retail stores and online channels provide convenience, easy returns, and free delivery, making smart PPE an attractive purchase for end-users.
  • The Smart Personal Protective Equipment (PPE) market is experiencing significant growth due to the increasing demand for advanced safety solutions.
  • For more details- Download a Sample Report
    The global smart PPE market faces growth challenges due to the high cost of smart PPE.

Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Optimized Optical Modules for AI-Enabled Smart Glasses

Retrieved on: 
Wednesday, June 19, 2024
Liquid crystal on silicon, Partnership, Consumer Electronics Show, Augment, Vuzix, Augmented reality, AWE, Entertainment center, CES, Smartglasses, Original equipment manufacturer, Television

ROCHESTER, N.Y., June 19, 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 a strategic partnership with Avegant, a renowned leader in light engine technology, to develop optimized waveguide optical modules for use in future AI-enabled smart glasses.

Key Points: 
  • ROCHESTER, N.Y., June 19, 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 a strategic partnership with Avegant, a renowned leader in light engine technology, to develop optimized waveguide optical modules for use in future AI-enabled smart glasses.
  • Together, Vuzix and Avegant will be creating an optimized and complete AR display module that is intended to be used as an optical reference design for AI-enabled fashion-forward consumer smart glasses.
  • Attendees will have the opportunity to experience the solution's cutting-edge optical performance firsthand and witness the future of AI-enabled smart glasses.
  • We look forward to working closely with Avegant to further develop and finalize the combined solutions on which we are currently working."

Vuzix (NASDAQ: VUZI) Announces Its Intention to Offer High Durability Plastic Waveguide Design and Production Capabilities

Retrieved on: 
Tuesday, June 18, 2024
FOV, Entertainment center, Vuzix, Augmented reality, AWE, Smartglasses, Glass, Ceramic

ROCHESTER, N.Y., June 18, 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 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 today and runs through June 20 at the Long Beach Convention & Entertainment Center in Long Beach, California.

Key Points: 
  • 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.
  • "The benefits of our new plastic waveguides are significant, supporting lighter and more durable systems.

Garmin Collaborates with Vuzix to Develop Next Generation Nano-Imprinted Waveguide with microLED based Display Systems

Retrieved on: 
Tuesday, May 14, 2024
OEM, Smartglasses, Augmented reality, Nano, Garmin, Vuzix

Under the terms of the contract, Vuzix will develop and deliver in succession, waveguide based optical systems with full custom projection engines, and then ultimately production units.

Key Points: 
  • Under the terms of the contract, Vuzix will develop and deliver in succession, waveguide based optical systems with full custom projection engines, and then ultimately production units.
  • Vuzix capabilities around the design and development of custom waveguide optics with volume production nano imprinting for vision based optical systems will power solutions for Garmin that offer significant cost, form factor, and space savings versus current deployed technologies.
  • "Garmin is a technological leader and an ideal collaborator for implementing our advanced waveguide-based solutions in numerous markets," said Paul Travers, President and Chief Executive Officer at Vuzix.
  • "This development agreement further demonstrates how effectively Vuzix, with our OEM partners, is able to leverage the industry-leading optical technologies and manufacturing capabilities that we have created to support the burgeoning near eye display industry."