Lightweight, stylish, prescription ready safety glasses and powerful 8-core CPU combine to deliver a singular wearable experience.
Connect to the metaverse accessing IT sensors, instructions, or live remote guidance, leaving your hands free.
Scan codes with an advanced reader or wirelessly stream video from the field all enabled through voice or touch.
With the world’s first miniature uLED stereo displays, Vuzix Shield connects smart workforces with AR systems for optimized performance, safety and operational efficiency.
Find more company details here.
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And as I mentioned above, VUZI has multiple potential catalysts that could provide it with a breakout spark. Check them out:
No. 1 VUZI Potential Catalyst - A Massive $15 Target From Dawson James
On July 18th, 2022, James McIlree, an analyst with Dawson James Securities, reiterated his $15 target on VUZI.
From Monday's closing valuation, that provides VUZI with over 200% potential upside.
Here's some key highlights from the report:
Vuzix announced a volume purchase order for a custom designed waveguide from a U.S.-based Fortune 50 software and hardware technology customer. There are seven U.S. based technology hardware and software companies, Alphabet, Microsoft, Meta, Dell, Intel and IBM, in the Fortune 50. Apple, Microsoft, Alphabet and Meta have expressed interest in the head mounted display market for many years and given the challenges of developing and manufacturing waveguides and display engines that are small, inexpensive, and lightweight, any of these are potential customers for Vuzix.
Terms of the agreement were not disclosed, but the order is for a head-mounted display product development program. We believe these programs begin small, typically between $500K to $2Mn, and if successful can turn into something much more substantial.
Vuzix is also expanding its waveguide capacity both in response to customer indications of interest and to make itself the number one choice of waveguides in the OEM market for industrial and consumer use. ... We believe Vuzix can be one of the leading suppliers of waveguides and that this in-vest-ment will enhance that capability.
The company is also working with five major defense contractors on waveguide-based products and expects to add more customers before year-end and begin development work that lasts into next year. The challenge has been the long-lead time involved in this type of work, but once deployment begins production runs can be long and very pro-fit-able. We estimate typical production contracts could generate $10 to $15Mn over a multi-year time frame. We believe Vuzix is pursuing multiple opportunities in the defense market, particularly in heads-up and helmet-mounted display. Importantly, its 10-year non-compete agreement in the U.S. military market expired in mid-June giving it the freedom to be more aggressive in this space.
Price Target Methodology. Our $15 price target values the company’s smart glasses and waveguide businesses at a significant discount to recent market transactions in the smart glasses space of $775Mn to $2Bn and $500Mn to $542Mn in the waveguide market.
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No. 2 VUZI Potential Catalyst - Vuzix Just Showcased At CES 2023, One Of The Most Influential Tech Events In The World
Here's a quick list of what VUZI exhibited at the event:
- Using a Vuzix accessory adaptor and a compatible infrared camera, including FLIR cameras, Vuzix M-Series AR smart glasses will allow visitors to see in the infrared spectrum, giving them a heads-up display of what's normally hidden from view. Infrared video can also be broadcast over Zoom to enable team inspections.
- Using Vuzix Blade 2 AR smart glasses, visitors will be put in charge of solving a real-life industrial challenge, the resetting of an electric power station, using on-glasses video and a set of work instructions.
- Using Vuzix Shield AR smart glasses, visitors will be put in the role of a quality check inspector checking one of the most beautiful bikes ever, a real MV Agusta Superveloce 8001, to perform a scan for equipment recalls.
- Using Teamviewer Frontline software running on Vuzix M400 AR smart glasses, visitors will be able to explore how major distribution centers drive efficiency improvements every day.
- Finally, as part of its OEM offerings, Vuzix will be showcasing the 2023 CES award wi-nn-ing, sleek, AR smart glasses reference design called Vuzix Ultralite. Offering fully customizable form factors, optics and more, Vuzix OEM solutions produce smart glasses and components that are miles ahead of the pack to support the worldwide adoption of AR.
"We keep expanding and improving the competitiveness of our smart glasses family of products. We enter 2023 with the strongest product lineup in our history, one that continues to attract an expanding number of blue chip customers across a wide range of industry verticals," said Paul Travers, President and CEO of Vuzix. "We intend to remain focused on offering solutions that increase worker productivity, interactivity and safety while reducing errors and improving our carbon footprint."
Read the full article here.
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No. 3 VUZI Potential Catalyst - An Acquisition (Moviynt®) That Could Become A Major Game-Changer
Vuzix Acquires SAP Software Solution Provider Moviynt™
- Solutions will support optimization of mobile workflows that address handheld scanners, mobile phones and wearable devices for warehousing and logistics customers
- The acquisition is expected to be immediately accretive
ROCHESTER, N.Y., Nov. 1, 2022 /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 it has acquired Moviynt®, a US-based SAP Certified ERP platform software solution provider, to support handheld mobile phones and scanners used in logistics, warehousing and manufacturing applications. The acquisition of Moviynt further positions Vuzix as a software solutions provider capable of expanding access and interaction between wearable and handheld devices that will help drive further market adoption to manage day-to-day business activities such as supply chain operations that are tied to ERP systems.
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Read the full article here.
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No. 4 VUZI Potential Catalyst - Revenue Growth In Q3 Could Signal Huge Things Ahead
Vuzix Reports Double Digit Revenue Growth in Q3 2022
ROCHESTER, N.Y., Nov. 9, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its third quarter results for the period ended September 30, 2022.
"During the third quarter, we achieved both sequential and year-over-year double-digit total revenue growth despite numerous headwinds," said Paul Travers, President and CEO. "We made strong progress in the quarter in terms of product development, technology advancement and new business engagements. On the OEM side of our business, we are now in discussions with many new potential defense, consumer electronics and enterprise customers who are interested in our waveguide and display engine solutions. At the same time, larger deployment opportunities for our smart glasses among key enterprise customers continue to expand both in number and visibility within the warehousing and logistics, automotive, pharma and healthcare verticals. Lastly, and subsequent to the close of Q3, we are also very pleased to have completed the acquisition of Moviynt, a key part of our strategy toward becoming more of a software solutions provider in certain vertical markets."
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Third Quarter 2022 Fi-nan-cial Results
For the three months ended September 30, 2022, total revenues increased by 14% to $3.4Mn versus $3.0Mn for the comparable period in 2021. Driving the increase in total revenues were engineering services revenues related to our waveguides and display engine solutions.
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Read the full article here.
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No. 5 VUZI Potential Catalyst - A New Distro Agreement With A Well-Established European Company (Big Purchase Order)
Vuzix Signs Distribution Agreement with Elmark Automation and Receives Initial Volume Smart Glasses Order
ROCHESTER, N.Y., Dec. 21, 2022 /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 it has entered into a distribution agreement with Elmark Automation ("Elmark"), an established Poland-based distributor of a broad range of industrial and electronic products. Vuzix has received and shipped against an initial six-figure volume purchase order from Elmark, who will distribute Vuzix products to its customers across Europe.
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"We are excited to be partnering with Elmark, a long-term, proven player in its industry," said Paul Travers, President and CEO of Vuzix. "We look forward to supporting their efforts to help their customers improve productivity and gain competitive advantages within their respective industry verticals."
Read the full article here.
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VUZI Recap - Key Potential Breakout Catalysts For This Nasdaq Past Champ
No. 1 - A Massive $15 Target From Dawson James
No. 2 - Vuzix Just Showcased At CES 2023, One Of The Most Influential Tech Events In The World
No. 3 - An Acquisition (Moviynt®) That Could Become A Major Game-Changer
No. 4 - Revenue Growth In Q3 Could Signal Huge Things Ahead
No. 5 - A New Distro Agreement With A Well-Established European Company (Big Purchase Order)
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Coverage is officially initiated on VUZI. When time permits, do this:
