© Copyright 2021: Lombardi Publishing Corporation. In fact, you'd be surprised to know they are a great asset for many corporations, airports, doctors and even hospitals.Â, a supplier of smart glasses and AR technology products with 179 patents and patents pending as well as numerous IP licenses in the video eyewear field, has been part of the many recent accelerated advances in AR. After all, the company has a market cap under $600.0 million, so itâs not really big enough to get much attention from the financial media. Furthermore, although Vuzix is not a big-name company, it has won many big-name customers. And that’s where Vuzix comes in… The Patented Path to Profits. However, what many don't know is that they have been for a while now on several tech companies' agendas such as, among others. In the manufacturing industry, they can facilitate work instructions, step confirmation, and quality assurance. Vuzix has worked to lower the price from the original $1,800 down to below $1,000, just like it said it would. For field services, smart glasses enable remote support. For many, it seems like smart glasses disappeared. If the company can keep up its growth momentum, I wouldnât be surprised to see VUZI stock soar to new highs. Its features include: Its next-generation smart glasses (NGSG) will enter with a multi-year agreement with Jade Bird Display, a Shanghai-based leader in microLED displays, to collaborate on the co-development and cross-supply of solutions incorporating superbright microLED display engines and Vuzix waveguides.Â, In addition, in January 2021 Vuzix reported its preliminary unaudited sales for the 4th quarter of 2020 and an update on its cash position. And as youâd expect from a soaring tech stock, Vuzix has achieved some very impressive growth in its financials. Thatâs a gain of more than 500%! That would double the $2.0 million of revenues generated in the fourth quarter of 2019. Wareable verdict: ... 61 Apple Watch features you need to know In 2014, China generated $29.846 billion in net sales for Apple -- … At that moment, the company caught the attention of many who wanted to experience AR glasses. All rights reserved. Most people have never heard of it. Vuzix Corp. is a supplier of Smart-Glasses and Augmented Reality technologies and products for the consumer and enterprise markets. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Vuzix share forecasts, stock quote and buy / sell signals below.According to present data Vuzix's VUZI shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). While ARâalongside virtual reality (VR)âonly became buzzwords in recent years, this company has been delivering tech solutions to customers for more than 20 years. Vuzix stock has already delivered enormous returns to investors. (Source: âNeedham Conference Presentation,â Vuzix Corp, January 15, 2021.). ), At the time of this writing, Vuzix has not announced its official fourth-quarter results. In the third quarter of 2020, the company generated $2.8 million in total revenue, marking a 140% increase year-over-year. Apple in Unfamiliar Territory as the Dow's Caboose marketbeat.com - March 15 at 2:06 PM: Apple's (AAPL) "Outperform" Rating Reaffirmed at Wedbush marketbeat.com - March 10 at 8:19 AM: Vuzix Eyeing Partnerships For Its Augmented Reality Glasses (AAPL) marketbeat.com - March 9 at 8:02 AM: House votes to expand legal safeguards for LGBTQ people Vuzix Corp is a supplier of smart glasses, AR technologies, and products for the consumer and enterprise markets. And these products have enjoyed increasing adoption in the enterprise and health-care world. Apple iPhone 8 Plus screen based on IPS LCD technology and able to reproduce 16,777,216 colors with contrast ratio 1300:1 and color of depth – 24 bits. Its products include personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix (NASDAQ:VUZI) Q4 ... you're hearing or any thoughts that you might have on your position in the industry versus whatever Facebook and Apple are rumored to have now or in the future. Now, you’re probably wondering why this little-known stock skyrocketed. (Source: âVuzix Selected by Verizon for Integration with its 5G-enabled EMS Solution to Deliver Enhanced Medical Augmented Reality for First Responders,â Vuzix Corp, July 9, 2020. Founded in 1997, Vuzix is one of the pioneers of AR, wearable computing, optics, and display engines. (Source: âClorox Deploys Vuzix M400 Smart Glasses to Tackle Operational Challenges Brought Upon by the COVID-19 Pandemic,â Cision PR Newswire, September 25, 2020. The Apple iPhone 8 Plus was introduced on September 12, 2017. No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. And thanks to their lightweight design and flexible hardware, Vuzixâs smart glasses are ideal for use in health care and telemedicine. At the bottom line, Vuzix Corp incurred a net loss of $0.13 per share. Whereas Apple is still working on developing its tech, Vuzix has been doing so for 20 years. And its market share numbers, sales and profits justify its notoriety. Instead, the company is mostly known for providing AR head-mounted displays in the form of smart glasses. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. During the latest CES 2021, Vuzix got a lot of buzz with its next-generation smart glasses. A daily collection of all things fintech, interesting developments and market updates. For one thing, Vuzix has an established customer base. China is Apple's fastest-growing market China is behind Europe and the Americas, but is growing at a much more rapid pace. In fact, its products are being used in airports such as. Backlight type is LED. Fourth-quarter 2020 revenue represented a new quarterly revenue record for the company:Â. They are hands-free devices that can be used in nearly all work-related functions. Additionally, in July 2020, Vuzix smart glasses implemented changes to improve a more comfortable use of Zoom Video Communications Inc. (NASDAQ: ZM) through its Zoom Connector app.Â. Everything you need to know about the latest SPAC news. Barron's Latest Picks And Pans: Space Race Picks, Eli Lilly, GameStop, Splunk And More, Chamath Palihapitiya And His Rise As A 'FinTwit' Influencer, Apple Ordered To Pay $308.5 Million In Patent Infringement Case, Privacy Policy / Do Not Sell My Personal Data. Indeed, even though AR/VR headsets are not cheapâand AR/VR-capable gaming consoles and computers can be more expensiveâthe gaming side of the industry has started to gain popularity. The company has not set a release date, but analysts expect the wearable device to synchronize with the Apple operating system and its array of devices, including the iPhone and Apple watch. Vuzix® Corp. (NASDAQ: VUZI), a supplier of smart glasses and AR technology products with 179 patents and patents pending as well as numerous IP licenses in the video eyewear field, has been part of the many recent accelerated advances in AR. If you bought any of the major tech stocks and held them over the years, chances are you made some serious profits. Posted-In: Penny Stocks Small Cap General, Thank you for subscribing! While the amount was negative, the loss was narrower compared to its third-quarter 2019 net loss of $0.18 per share. The company comes from an up-and-coming industry. Currently, Vuzix smart glasses are used in places such as the University of Lousiville School of Medicine, Johns Hopkins Hospital ICU, Barcelona Hospital Surgeons, Ohana One International Surgical Aid and Education, University of Rochester Medical Center, University Malaya Specialist Centre (UMSC), Chi-Mei Medical Center in Taiwan and Istanbul University Faculty of Dentistry. Yesterday, the company announced a strategic partnership with Rods & Cones, a provider of a fully virtual surgical-collaboration platform. Subsequently, over the past 7 months, more than 40 surgeries have been completed in different hospitals and clinics across Europe with Vuzix smart glasses and Pixee Medical AR.Â. Currently, Vuzix smart glasses are used in places such as the. And now, as the AR boom unfolds, the results will be no different. The smart glasses manufacturer and developer took home the awards for Computer Peripherals & Accessories, Portable Media Players & Accessories, and Wearable Technologies at this year's event for its upcoming products. For instance, smart glasses can help with barcode scanning, order picking, and fulfillment in warehouses. This is a look at Vuzix Corp (NASDAQ:VUZI), an under-the-radar tech stock that has returned more than 500% in the past year. Additionally, in July 2020, Vuzix smart glasses implemented changes to improve a more comfortable use of. Well, Vuzix was (and is) well positioned to benefit from one of the fastest-growing industries right now: augmented reality (AR). Meanwhile, some of the smaller names have started entering the spotlight. The company earned a gross profit of $300,000 in the third quarter, which marked a substantial improvement from its gross loss of $200,000 in the year-ago period. While Vuzix equipped countless businesses with the technology needed to navigate 2020, the company was recognized for a product that had not debuted yet. Create one. Home » Technology » Vuzix Corp: Little-Known Tech Stock Delivering Astronomical Gains. In fact, you'd be surprised to know they are a great asset for many corporations, airports, doctors and even hospitals.Â. https://www.profitconfidential.com/technology/vuzix-corp-little-known-tech-stock/, Vuzix Corp: Little-Known Tech Stock Delivering Astronomical Gains. This is what you need to know. Vuzix Blade Smart Glasses allow people to do their jobs, link to critical knowledge sources, and connect to each other—seamlessly and remotely. Competition from the big boys doesn’t seem to phase Vuzix, as … The AR industry is just taking off, with the market projected to be worth $77.0 billion by 2025. However, the company did provide a financial update in mid-January, saying that its unaudited 2020 fourth-quarter revenues totaled more than $4.0 million. @Charlie's Munger - Kopin actively worked with Vuzix and supplied display optics to Vuzix on their earlier models, M100 through M300 and M300XL which ended in approx late 2019 or early 2020. In the past 12 months, VUZI stock has gone from $1.90 per share to $11.56 per share. This is what you need to know. Pullback Offers Buying Opportunity in Apple (AAPL) on Strong iPhone Demand, Despite Report of Cuts - Morgan Stanley ... About Vuzix Corporation Vuzix is a … Everything you need to know about the market - quick & easy. Apple! Check out Vuzix Corp (NASDAQ:VUZI), for instance. Vuzix has worked on smart glasses for some time, and these are shaping up to be the most exciting, consumer-friendly pair we’ve seen from the manufacturer yet. (Source: âVuzix Reports Record Smart Glasses Revenues and Provides Business Outlook,â Vuzix Corp, November 9, 2020.). This strong top-line growth was driven by higher sales of Vuzix smart glasses products, which rose 156% from a year earlier to $1.6 billion. Rods & Cones will add the M-Series smart glasses as an additional video capturing device to support optimized remote interactions between surgeons and experts. However, investors who were informed enough to get on board Vuzix stock last year are laughing all the way to the bank now. We have combined see-through Waveguide optics with our tried and tested M400 design for the next step in augmented reality implementation. In June 2020, the first AR knee and total knee replacement were completed in Paris guided by the Pixee Medical AR navigation system running on Vuzix M400 smart glasses. Thinking About Buying Stock In Xpeng, GE, Tesla Or Apple? The screen is covered by Ion-strengthened protection glass with oleophobic coating. since 2018, and have made significant contributions in the delivery of medical services in the current health crisis. Vuzix Corp, despite being a relatively small company by tech-industry standards, is well positioned to benefit from the secular tailwind. But you wonât find a Vuzix-branded gaming headset. However, GLASS went under the radar as Google stopped producing them, and many thought this trend would likely take off later. More recently though, the mega-cap tech stocks seem to have been consolidating rather than continuing their upward momentum. zix reported its preliminary unaudited sales for the 4th quarter of 2020 and an update on its cash position. In fact, there are already frontline health-care professionals around the world using Vuzixâs smart glasses, and the companyâs list of health-care customers continues to grow. The company comes from an up-and-coming industry. Technology stocks have been some of the hottest tickers over the past decade. Augmented Reality (AR) had its grand debut among consumers with the infamous Google Inc. (NASDAQ: GOOG) smart glasses "GLASS." All rights reserved. Fourth-quarter 2020 revenue represented a new quarterly revenue record for the company:Â, Revenue increased more than 100% year-over-year to over $4.0 million, versus $1.96 million for the Q4 of 2019, comfortably exceeding the Wall Street consensus Q4 revenue estimate of $3.5 million by analysts following the company.Â, Cash exercises of 5,962,571 warrants representing total proceeds of $28.6 million have been received over the last 30 days, bringing the company's pro forma cash balance, based on the company's last reported cash position of $24.9 million in its 10-Q as of September 30, 2020, to approximately $53.5 million, without accounting for negative cash flows incurred from operations since such date.Â, Apple CEO Tim Cook To Testify Alongside Epic's Sweeney In 'Fortnite' Trial. The fashion-forward device is aimed at the consumer market and will likely accelerate Smart Glasses' adoption. Vuzix NGSG will launch in the 2nd half of 2021 and will allow users to connect hands-free with the digital world. This is a look at Vuzix Corp (NASDAQ:VUZI), an under-the-radar tech stock that has returned more than 500% in the past year. The use of Vuzix Smart Glasses facilitates significant gains in … If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. This $1 Marijuana Stock on the Verge of Breakout? University of Lousiville School of Medicine, Johns Hopkins Hospital ICU, Barcelona Hospital Surgeons, Ohana One International Surgical Aid and Education, University of Rochester Medical Center, University Malaya Specialist Centre (UMSC), Chi-Mei Medical Center in Taiwan and Istanbul University Faculty of Dentistry. Vuzix NGSG will launch in the 2nd half of 2021 and will allow users to connect hands-free with the digital world. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. This Triple-Gainer 5G Stock Next to Be Bought Out for Big Dollars. Moreover, the company holds 184 patents and patents pending and numerous IP licenses in the video eyewear field. ... Apple is also reportedly working on … https://www.profitconfidential.com/wp-content/uploads/2021/02/smart-phone-dollar-against-blue-sky-clouds-background-phone-concept-money-dollar-smartphone_t20_4lNmgA-300x200.jpg, Vuzix Reports Record Smart Glasses Revenues and Provides Business Outlook, Vuzix Selected by Verizon for Integration with its 5G-enabled EMS Solution to Deliver Enhanced Medical Augmented Reality for First Responders, Clorox Deploys Vuzix M400 Smart Glasses to Tackle Operational Challenges Brought Upon by the COVID-19 Pandemic, Vuzix Announces Financial Update with Q4 Revenues Ahead of Analyst Expectations. For instance, last July, Vuzix was selected by Verizon Communications Inc. (NYSE:VZ) to co-develop a 5G-enabled smart glasses emergency medical service (EMS) solution for first responders and public safety. Vuzix Corporation () Stock Market info Recommendations: Buy or sell Vuzix stock? Outlook on the Wearable Electronics Global Market to 2027 - Featuring Apple, Bose and Epson America Among Others - ResearchAndMarkets.com March 04, … The Vuzix M4000 is an all-in-one enterprise AR solution. To us consumers, AR and VR are mostly associated with gaming. (Source: âVuzix Announces Financial Update with Q4 Revenues Ahead of Analyst Expectations,â Vuzix Corp, January 15, 2021.). ), In September 2020, the company announced that Clorox Co (NYSE:CLX) had started using “Vuzix M400” smart glasses to address the operational challenges brought upon by the COVID-19 pandemic. In fact, its products are being used in airports such as Singapore Changi since 2018, and have made significant contributions in the delivery of medical services in the current health crisis. Augmented Reality (AR) had its grand debut among consumers with the infamous, For many, it seems like smart glasses disappeared. (OTC: LNVGF) and Google Inc., among others. Benzinga does not provide investment advice. Vuzix, which has been selling smart glasses since 2011, offers smart glasses now and is slated to bring out a major upgrade this year. However, what many don't know is that they have been for a while now on several tech companies' agendas such as Apple Inc. (NASDAQ: AAPL), Facebook Inc. (NASDAQ: FB), Microsoft Corporation (NASDAQ: MSFT), Lenovo Gr. © 2021 Benzinga.com. Don't have a Benzinga account? Vuzix Augmented Reality Smart Glasses Solution For Orthopedic Surgery – Knee Replacement.