Core Insights - Vuzix Corporation has commenced shipments of XanderGlasses, a private label version of its Vuzix Shield smart glasses, developed in collaboration with Xander, aimed at assisting individuals with hearing loss [1][4] Company Overview - Vuzix is a prominent designer and manufacturer of AI-powered smart glasses, waveguides, and augmented reality technologies, serving various markets including enterprise, medical, defense, and consumer [6] - The company holds over 425 patents and has received numerous awards for innovation, including recognition at the Consumer Electronics Show from 2005 to 2024 [6] Product Details - XanderGlasses are designed to aid the 48 million people in the U.S. with hearing loss by providing real-time captions of conversations directly in the user's field of view [2][4] - The glasses are self-contained, requiring no smartphone or internet connection, and are operated with a single button, making them user-friendly across different environments [2][4] Partnership and Impact - The partnership between Vuzix and Xander aims to optimize the XanderGlasses for customers, with a focus on scaling delivery and enhancing the impact on users with severe to profound hearing loss [3][4] - XanderGlasses have been recognized for their innovation, receiving a Catalyst Award from the National Academy of Medicine and being honored at CES 2024 in the Accessibility & Aging Tech category [5]

ROCHESTER, N.Y., April 1, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today announced that it has received a $500K reorder for its smart glasses from Augmex, a one- stop-shop solutions provider for increasing productivity with smart glasses. This order follows an initial low six-figure one received in December 2024 from Augmex, who will continue to bundle their robust ...

ROCHESTER, N.Y., March 19, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered Smart glasses, waveguides and Augmented Reality (AR) technologies, today announced that the Company has received and shipped against a follow-on six-figure smart glasses order from QUAD GmbH ("QUAD"), a leading distributor and consulting company in the areas of Auto-ID, Transport, Logistics and OEM Integration. QUAD's newly formed QUAD Advanced Systems division pro ...

Revenue Performance - For Q4 2024, total revenues were $1.3 million, up from $1.1 million in Q4 2023, primarily due to higher unit sales of M400 smart glasses[6]. - For the full year 2024, total revenues decreased to $5.8 million from $12.1 million in 2023, attributed to lower unit sales of M400 smart glasses[7]. Net Loss - The net loss for Q4 2024 was $13.7 million or $0.16 per share, compared to a loss of $19.9 million or $0.32 per share in Q4 2023[6]. - The full year net loss for 2024 was $73.6 million or $1.08 per share, versus a net loss of $50.1 million or $0.79 per share in 2023[11]. Cost Management - Cash operating expenses were reduced by approximately $8 million or 25% in 2024 compared to 2023, due to workforce realignments and operational efficiencies[4]. - Inventory obsolescence provisions totaled $4.2 million in 2024, slightly down from $4.4 million in 2023[8]. - Research and Development expenses decreased by 22% to $9.6 million in 2024 from $12.3 million in 2023, primarily due to reduced salary and benefits expenses[9]. - Selling and Marketing expenses decreased by 36% to $8.2 million in 2024 from $12.7 million in 2023, driven by lower advertising and tradeshow costs[10]. Cash Position and Future Outlook - The company ended 2024 with $18.2 million in cash and aims to convert recent customer wins into long-term recurring revenue in 2025[13]. - Vuzix is strategically positioned to leverage the anticipated growth in the AI/AR smart glasses market, with end-user demand expected to exceed multiple billions of dollars[3].

ROCHESTER, N.Y., March 14, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered Smart glasses, waveguides and Augmented Reality (AR) technologies and products, today announced that Moviynt®, its wholly owned subsidiary and SAP Certified ERP SaaS logistics solution provider, has secured a hardware and software deployment commitment from Airbus Helicopters, the helicopter manufacturing division of Airbus.Airbus Helicopters, an industry leader in ...

Vuzix Corporation (NASDAQ:VUZI) Q4 2024 Earnings Conference Call March 13, 2025 4:30 PM ET Company Participants Ed McGregor - Director, Investor Relations Paul Travers - Chief Executive Officer Grant Russell - Chief Financial Officer Conference Call Participants Christian Schwab - Craig-Hallum Operator Greetings, and welcome to the Vuzix Corporation Fourth Quarter and Full Year Ending December 31, 2024, financial results and business update conference call. A brief question and answer session will follow th ...

ROCHESTER, N.Y., March 13, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of AI-driven smart glasses, waveguides and Augmented Reality (AR) technologies, today reported its fourth quarter and full year financial results for the year ended December 31, 2024."In 2024, the AI and AR smart glasses market continued to evolve, and Vuzix made major advancements in product innovation, technology, customer engagement, and strategic partnerships," said Paul Trave ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-35955 Vuzix Corporation (Exact name of registrant as specified in its charter) Delaware 04-3392453 (State of incorporation) (I.R.S. employer identification no.) W ...

Core Insights - Vuzix Corporation has received its largest re-order to date for Vuzix Shield smart glasses from Xander, indicating a growing demand for the XanderGlasses solution designed for individuals with hearing loss [1][3] - XanderGlasses provide real-time captions for conversations, enhancing communication for the 48 million people in the U.S. experiencing hearing loss [3][4] - The glasses are self-contained, easy to use, and do not require additional devices, making them suitable for various environments [2][4] Company Overview - Xander is a startup based in Raleigh, North Carolina, focused on using augmented reality to improve in-person communication for those with hearing challenges [4] - Vuzix Corporation specializes in AI-powered smart glasses and augmented reality technologies, holding over 425 patents and numerous awards for innovation [5]

Core Points - Vuzix Corporation will host a conference call on March 13, 2025, to discuss its fourth quarter and full year 2024 operating results [1] - The call will feature Vuzix's CEO Paul Travers and CFO Grant Russell, who will present operational and financial highlights for the year ended December 31, 2024 [3] Company Overview - Vuzix is a leading designer, manufacturer, and marketer of AI-driven smart glasses, waveguides, and augmented reality (AR) technologies for various markets including enterprise, medical, defense, and consumer [5] - The company holds over 425 patents and patents pending, along with numerous IP licenses in optics and augmented reality wearables [5] - Vuzix has received multiple awards for innovation at the Consumer Electronics Show (CES) from 2005 to 2024 [5]