Tue, Sep. 8, 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.
Fri, Aug. 14, 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
Fri, Jun. 19, 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.
Mon, Jun. 15, 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.
Fri, Apr. 10, 12:45 PM
Fri, Apr. 10, 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.
Sep. 26, 2013, 11:52 AM
- Shares of Vuzix (VUZI.OB +12.9%) spike after the company announces that Japan's largest mobile provider, NTT DoCoMo, will feature the company's M100 smart glasses and apps for the product at CREATEC Japan 2013.
- Investors are perceiving the relationship as a boon for the nascent company, which had sales of $512K in Q2.
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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