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Tue, Jan. 12, 1:09 PM
- While Google Glass remains in limbo, Vuzix (VUZI -1.2%) is going forward with its M300 smart glasses (pdf), an update of the M100.
- According to the company, the M300’s enhanced specs include an nHD color display with a 16:9 aspect ratio, GPS, 16GB onboard flash memory, 2GB RAM, an Intel Atom CPU, a 13 megapixel camera capable of shooting 1080p video, a noise-canceling microphone, and an ear speaker.
- Battery life will last 2-12 hours depending on operation and optional battery size.
- The glasses will run Android 6 and will support voice controls and a gesture enabled touch pad.
- Previously: Vuzix up 11.4% on CES debut of M300
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
Aug. 14, 2015, 7:24 AM
- Vuzix Corp (NASDAQ:VUZI): Q2 EPS of -$0.17 in-line.
- Revenue of $427.8M (-40.9% Y/Y)
Jun. 19, 2015, 12:50 PM
- Vuzix (NASDAQ:VUZI) states it's working with 60+ developers to create titles that support its iWear video headset, and that the product supports the Open Gaming Alliance's standards.
- The company also claims to have seen "significant" interest in iWear at the E3 gaming conference (ran from Tuesday-Thursday).
- Shares rallied on Monday after Vuzix announced the iWear is available for pre-order ahead of fall deliveries.
Jun. 15, 2015, 3:59 PM
- Vuzix (NASDAQ:VUZI) rallied strongly today after announcing its $450 iWear "video headphones" have become available for pre-order ahead of the gaming industry's E3 conference (runs from Tuesday-Thursday). Deliveries start in the fall.
- The iWear sports dual HD displays and (in Vuzix's words) "revolutionary nano optics that provide the equivalent experience of a 130" home television from 10' and allow the wearer to play games, interact with apps, and watch 2D, 3D and 360° VR movies." Vuzix also promises VR tracking sensors, high-end audio quality, and optional augmented reality 3D cameras.
- The announcement comes as Microsoft shows off its HoloLens augmented reality headset at an E3-related event, and promises to create a version of Minecraft for the headset. Last week, Facebook's Oculus unit unveiled the commercial version of its Rift headset; it becomes available in Q1 2016.
May 12, 2015, 4:34 PM
- Vuzix Corp (NASDAQ:VUZI): Q1 net income of -$5.09M.
- Revenue of $0.81M (+1.3% Y/Y) misses by $0.09M.
Apr. 16, 2015, 6:17 PM
- Vuzix (NASDAQ:VUZI) has bought a patent covering gesture controls for 3D virtual objects (USPTO filing), including within augmented reality apps. It also bought a patent covering ambient light management in wearable displays (USPTO filing). Vuzix hasn't disclosed purchase terms, other than to say it paid with cash.
- The smart glass/video eyewear maker owns 50+ patents and patent applications altogether. If the company plans to use its newly-acquired IP to sue other wearble display makers - Microsoft's HoloLens is expected later this year, as is a commercial version of Google Glass - it's not showing its hand for now. "Vuzix acquired these additional patents to secure a stronger IP position for its current and soon to be released products including, but not limited to, smart glasses based on our proprietary waveguide technology."
Apr. 10, 2015, 12:45 PM
Apr. 10, 2015, 11:28 AM
- Shares of Vuzix (NASDAQ:VUZI) are 10.3% higher on the day as the company's position in the wearables technology market brings in buyers.
- Wall Street has largely ignored the microcap, but SA contributor Ugly Duckling has plenty of coverage.
- Vuvix expects to add new revenue streams this year including a mobile gaming platform which is a 3D gaming visor.
Mar. 31, 2015, 5:54 PM
- Vuzix Corp (NASDAQ:VUZI): FY'14 EPS of -$0.75 vs -$1.69 in FY'13
- Revenue of $3.03M (+26.8% Y/Y).
Dec. 10, 2013, 3:39 PM
- Vuzix (VUZI +4.2%) shares spike after the company announces "a major optical breakthrough that will dramatically improve glasses-based wearable technology."
- Developed jointly with Nokia, Waveguide optics use a 1.4mm "window" similar to a fiber optic with a tiny input pupil which is expanded using a hologram. The company states that the tech provides significant improvements in weight, volume, simplicity, and optical performance compared to light-bending materials.
- Vuzix's M2000AR single-eye device will use the Waveguide tech, with the company planning a number of other products in 2014.
Vuzix Corporation is engaged in the design, manufacture, marketing and sale of wearable display devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content.
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