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- Vuzix Corporation (NASDAQ:VUZI) announced the partnership with the International Drone Racing Association to provide its iWear Video Headphones for select events.
- Research firm Markets and Markets expects the global drone market to expand at a compound annual growth rate of 32% between 2015 and 2020 into a $5.6B industry.
- "Partnering with Vuzix gives us a technical edge as we are working together to enhance both the judging, pilots, and the spectator experience. Utilizing the Vuzix iWear Video Headphones give our race officials the clearest picture as the judges fly along with the pilots' to make sure they follow the prescribed race course," said co-founder of International Drone Racing Association Charles Zablan.
- Press Release
Thu, Jun. 30, 12:50 PM
- Vuzix Corporation (VUZI +8.5%) announced shipping of initial units of the M300 Smart Glasses to the M300 VIP partners. NTT DoCoMo (DCM) and NS Solutions Corporation are two of the first VIP partners to receive their M300 Smart Glasses.
- "It is exciting to begin shipping our first M300 Smart Glasses to the select VIPs. Although we are seeing applications developed in most every market, the early VIP partners are focused on applications and markets that are ready to start taking advantage of the significant ROIs smart glasses can bring to their customers now," said Paul J. Travers, President and Chief Executive Officer of Vuzix.
- Press Release
Thu, Jun. 30, 12:00 PM
Thu, May 12, 5:59 PM
Wed, Mar. 30, 4:14 PM
Wed, Jan. 6, 2:23 PM
- Vuzix (NASDAQ:VUZI) has jumped on healthy volume (501K shares vs. a 3-month daily average of 174K) as its industrial-focused M300 smart glasses (due to begin shipping this summer) get shown off for the first time at CES.
- The company has also announced a partnership with smart glass software firm APX Labs to help users of Vuzix's M100 glasses and APX's Skylight software platform "seamlessly" upgrade to the M300 when it begins shipping.
- Vuzix's iWear video headphones (began shipping last month) are among the other heads-up display products being shown off.
Tue, Jan. 5, 12:40 PM
Dec. 11, 2015, 2:15 PM
- Vuzix's (VUZI -0.8%) $500 iWear video headphones are now being shipped to consumers. Developer shipments for the headphones, which feature integrated motion tracking and are declared to provide an experience equivalent to watching a 125" TV from 10 feet away, began in October.
- Vuzix has previously claimed to be working with 60+ developers to create iWear-capable titles. The company's total Q3 product sales amounted to $891K vs. $625K a year ago.
Nov. 13, 2015, 5:34 AM
- Vuzix Corp (NASDAQ:VUZI): Q3 EPS of -$0.17 misses by $0.01.
- Revenue of $0.97M (+47.0% Y/Y) beats by $0.27M.
Sep. 8, 2015, 2:31 PM
- Vuzix (NASDAQ:VUZI) states NTT Data, the IT/data services arm of Japanese telecom giant NTT, has created a remote field service system that leverages Vuzix's M100 smart glasses.
- The glasses will be used by field workers to take photos/videos and receive/share data while working at remote sites. Vuzix: "NTT DATA intends to expand the use of the system throughout its operations, including at international worksites in China, India, North America and Europe. The company anticipates full implementation of their remote support system for sale to third party customers by March of 2016."
- Vuzis stated in its Q2 report M100 sales are shifting towards larger clients placing bigger orders, and away from early adopters/enthusiasts. Product sales fell to $428K during the quarter from $610K a year earlier.
Aug. 14, 2015, 6:55 PM
- Vuzix (NASDAQ:VUZI) fell to $4.11 today after reporting its product sales fell to $428K in Q2 from $696K in Q1 and $610K a year ago. Net loss of $2.4M compared with a loss of $5.1M in Q1 and income of $239K a year ago.
- Nonetheless, the smartglass maker insists its sales mix is much improved from a year ago, when a majority of the sales for its M100 headset "were non-recurring and made to early adopters and developers." It argues current sales are being driven by customers placing bigger orders, and predicts "the majority of these will be recurring in nature as these customers expand their pilots to actual live-use programs." The remarks come as Google gets set to do a commercial launch for an enterprise-focused Google Glass model.
- Financials: Product gross margin was 8.3%, down from 31.7% a year ago. GAAP operating expenses rose 84% Y/Y to $2.2M - $732K was spent on R&D, $345K on sales/marketing, and $1M on G&A. Vuzix ended Q2 with $20M in cash/short-term investments.
- Q2 results, PR
Vuzix Corp. engages in designing, manufacturing, marketing and selling of devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content, such as movies, computer data, the Internet or video games. The company's products include... More
Sector: Industrial Goods
Industry: Communication Equipment
Country: United States
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