Vuzix | Jotup

Vuzix Reports First Quarter 2024 Results

Retrieved on:

星期四, 五月 9, 2024

Vuzix, Research, Marketing, Advertising, Research and development, OEM, Engineering, Outside, Development, Administration, 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.

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

Retrieved on:

星期四, 五月 2, 2024

Vuzix, Augmented reality, Smartglasses, Mobile phone

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).

NetLogistik Partners With Vuzix Wholly Owned Subsidiary Moviynt to Offer Mobility Solutions for the Warehouse

Retrieved on:

星期二, 四月 16, 2024

Blue Yonder, ROI, Vuzix, Partnership, Software as a service, Augmented reality, Smartglasses, SAP

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.

Global Retailer Expands Its Use of Vuzix Smart Glasses to Support Its Warehousing Operations

Retrieved on:

星期二, 四月 23, 2024

Vuzix, Workforce, Augmented reality, Smartglasses

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.

Vuzix Wholly Owned Subsidiary Moviynt Partners with NetLogistik to Offer Mobility Solutions for the Warehouse

Retrieved on:

星期二, 四月 16, 2024

Vuzix, Blue Yonder, Augmented reality, Partnership, SAP, Software as a service, Smartglasses

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 Reports 4Q and Full Year 2023 Results

Retrieved on:

星期一, 四月 15, 2024

Vuzix, Research, Marketing, Research and development, OEM, RGB, Outside, Development, Administration, Engineering, 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.

Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results and Business Update

Retrieved on:

星期二, 四月 9, 2024

Augmented reality, ID, Smartglasses, Vuzix

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.

BCC Research Forecasts Global Spatial Computing Market to Surpass $150.5 Billion by 2028

Retrieved on:

星期一, 四月 1, 2024

BOSTON, April 1, 2024 /PRNewswire/ -- Global Spatial Computing Market refers to the worldwide industry that creates and sells technology allowing digital information to interact with the physical world. This includes things like virtual reality, augmented reality, and other tools that merge digital content with our real environment. It's a broad market that involves hardware like headsets and software applications that create immersive experiences for various purposes, like gaming, education, and more.

Key Points:

This report on global spatial computing market provides comprehensive insights and analysis, addressing the following key questions:
What is the projected market size and growth rate of the global spatial computing market?
Global market for Spatial Computing was valued at $57.20 billion in 2022 and is expected to reach $150.46 billion by 2028, growing at a CAGR of 17.5% from 2023 to 2028.
By the end of 2028, the Augmented Reality (AR) segment will continue to dominate the global Spatial computing market.
Which region has the highest market share in the global spatial computing market?

Vuzix to Delay Filing of Its 10-K Annual Report and Postpone Related Investor Conference Call

Retrieved on:

星期三, 三月 27, 2024

Augmented reality, Form 10-K, Smartglasses, Exchange, Annual report, Vuzix

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.

Key Points:

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.
In light of the ongoing audit procedures and the filing status of the 10-K, the Company will not host an earnings call in connection with these results, and the event previously scheduled for March 28, 2024 at 4:30 PM ET has been cancelled.
Management will continue to make timely disclosures of any material information regarding the filing of its Annual Report on Form 10-K and will announce a new earnings call date and time within the 15 day grace period.

Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results and Business Update

Retrieved on:

星期一, 三月 11, 2024

Augmented reality, ID, Smartglasses, Vuzix, Mobile phone

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.
Participating on the call will be Vuzix Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who will discuss operational and financial highlights for the quarter and year ended December 31, 2023.
Telephonic and webcast replays will be available for 30 days starting on March 28, 2024 at approximately 5:30 PM (ET).