Investor Presentation April 2025 Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding our ability to build and scale our advanced silicon-anode lithium-ion battery; our production and commercialization plans, strategy and product development roadmap, including the readiness, performance, timing and customer qualification o ...

Core Insights - Vuzix Corporation has received a significant order for custom color waveguides to be used in a new generation of thermal smart glasses, marking a key development in augmented reality technology [1] - The thermal smart glasses will feature advanced capabilities such as real-time thermal overlays and support thermal detection from -40°C to +330°C, targeting rugged enterprise applications [3] Company Overview - Vuzix is a leading designer and manufacturer of smart glasses and augmented reality technologies, holding over 425 patents and numerous IP licenses in optics and wearable displays [4] - The company has been recognized for innovation at the Consumer Electronics Show (CES) from 2005 to 2024, highlighting its commitment to technological advancement [4] Product Development - The order for waveguides follows a nearly two-year development cycle, with volume production of the smart glasses expected to begin in fall 2025 [1] - The collaboration involves a European design and R&D advisory firm and will be produced by one of the world's largest contract electronics manufacturers [1] Use Cases - Potential applications for the thermal smart glasses include firefighting, electronic inspection, search and rescue, and outdoor operations such as hunting and HVAC maintenance [2][3]

Financial Data and Key Metrics Changes - In Q1 2025, total revenue increased by 14% year over year to $1,363,000,000, with advertising revenue growing by 9% to $1,211,000,000 [23][5] - Adjusted EBITDA reached $108,000,000, up from $46,000,000 in Q1 of the prior year, reflecting improved revenue growth and expense discipline [27][28] - Free cash flow was $114,000,000 in Q1, contributing to a trailing twelve-month free cash flow of $295,000,000 [28][29] Business Line Data and Key Metrics Changes - Direct Response advertising revenue contributed 75% of total advertising revenue for the first time, indicating a shift towards performance-oriented solutions [24] - Other revenue, primarily from Snapchat Plus subscriptions, increased by 75% year over year to $152,000,000, with subscribers reaching nearly 15,000,000 [23][5] - Global impression volume grew approximately 17% year over year, driven by expanded advertising delivery within Spotlight and Creator Stories [25] Market Data and Key Metrics Changes - North America revenue growth accelerated to 12% year over year, up from 8% in the prior quarter, driven by direct response advertising revenue growth [23] - Europe revenue grew by 14% year over year, while Rest of World revenue increased by 20% year over year [23] - Daily Active Users (DAU) in North America was 99,000,000, unchanged from the prior quarter, while DAU in Europe remained at 99,000,000 [7] Company Strategy and Development Direction - The company is prioritizing innovation in enhancing core product value, investing in AI and ML models, and strengthening the creator ecosystem [9][14] - Continued focus on visual communication and augmented reality as strategic differentiators, with significant investments in AR capabilities [21][14] - The company aims to diversify revenue sources and improve advertising performance through ongoing enhancements to its ad platform [31][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds in Q2 but emphasized a strong start to the year with solid Q1 results [43][44] - The company remains optimistic about long-term prospects due to progress in ad platform improvements and diversification of revenue sources [32][31] - Management is cautious about macroeconomic conditions impacting advertising demand and has opted not to provide formal financial guidance for Q2 [30][31] Other Important Information - The company repurchased 27,000,000 shares at a cost of $257,000,000 in Q1, contributing to a decline in total debt outstanding [29] - Adjusted gross margin improved to 53% in Q1, up from 52% in the prior year [27] - The company is testing a refined five-tab interface to enhance user experience and engagement [12] Q&A Session Summary Question: Improvement in North American revenue growth - Management noted strong growth in the small and medium customer segment and healthy contributions from Snapchat Plus [36] Question: Impact of macro conditions on advertising demand - Management acknowledged headwinds but emphasized ongoing growth and diversification efforts [44] Question: Future growth in direct response advertising - Management highlighted ongoing improvements in the ad platform and product roadmap as key to achieving higher growth rates [51] Question: Engagement trends in North America - Management expressed confidence in stabilizing DAU in North America and emphasized ongoing investments in content and user engagement [78] Question: Cost structure and headcount management - Management indicated a thoughtful approach to managing costs and balancing headcount growth with business needs [86]

Financial Performance - Revenue reached $1363 million in Q1 2025, a 14% year-over-year increase[8, 11] - Average revenue per user (ARPU) was $2.96, up from $2.83 in the prior year[8] - GAAP gross margin improved to 53%, compared to 52% in the prior year[8] - Net loss decreased to $140 million, compared to $305 million in the prior year, improving net loss margin from (26)% to (10)%[8] - Adjusted EBITDA was $108 million, compared to $46 million in the prior year[14] User Engagement - Daily active users (DAU) increased by 38 million, or 9%, year-over-year, reaching 460 million in Q1 2025[23] - The company reached more than 900 million monthly active users (MAU)[19] Cash Flow and Liquidity - Operating cash flow increased 72% year-over-year to $152 million[16, 79] - Free cash flow increased 202% year-over-year to $114 million[16, 79] - Cash, cash equivalents, and marketable securities totaled $3.2 billion as of March 31, 2025[16, 88]

Financial Data and Key Metrics Changes - Total revenue grew by 12.1% year over year to $16,000,000, with net income increasing by 264% to $2,300,000 [6][17] - Adjusted net income rose by 33.3% to $2,000,000 compared to the first quarter of 2024 [7][17] - Operating cash flow generated a net inflow of $4,300,000, with a strong balance sheet holding over $164,600,000 in cash and cash equivalents [7][18] Business Line Data and Key Metrics Changes - The AI and AR cloud solution and subscription revenue grew by 13.3% to $14,100,000, representing 88% of total revenue [14] - The mobile app subscription business maintained strong growth with active paying subscribers reaching 973,000, an increase of 7.9% from the previous year [7][19] - Licensing revenue increased by 1.5% to $1,600,000, although it is expected to become immaterial as it is phased out [14] Market Data and Key Metrics Changes - The enterprise customer base increased by 59 brand clients, totaling 801 brand clients with over 891,000 SKUs [19] - The number of key customers decreased to 148 from 151 due to unexpected contract churns in the U.S. market [19][20] Company Strategy and Development Direction - The growth strategy for 2025 focuses on expanding B2C revenue through new generative AI functions and higher premium subscription plans [11] - The integration of the Wana acquisition is progressing smoothly, aiming to leverage new growth opportunities and enhance market position [9][20] - The company is prioritizing organic growth while remaining open to acquisitions in new verticals, particularly in the luxury market [30][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future opportunities despite macroeconomic uncertainties, emphasizing the ability to increase customer engagement and basket size [21] - The 2025 revenue growth guidance remains intact, expected to range from 13% to 14.5% [21][22] Other Important Information - Gross profit for the first quarter grew by 11.4% to $12,500,000, with a gross margin of 77.9% [14][15] - Operating expenses increased by 2% to $12,600,000, primarily due to R&D expenses [15][16] Q&A Session Summary Question: Can you talk about the launch of the new AI chat app? - The app was launched last month on both the Apple App Store and Google Play, integrating various AI tools into one platform [24][25] Question: How did the Wana acquisition impact customer numbers? - The acquisition added over a dozen key customers, but there were also losses due to financial pressures in the macroeconomic environment [28][29] Question: What are the future acquisition plans? - The focus is on expanding into new verticals rather than acquiring competitors, particularly in the luxury business [30][32] Question: How does the Wana acquisition affect the sales process? - The acquisition has received positive feedback, allowing for a more complete solution for clients and easing the sales process [36][39] Question: What are the B2C monetization strategies? - The company is optimizing pricing, introducing a higher premium subscription plan, and early results show consumer willingness to upgrade [40][42] Question: What is the competitive landscape in the shoe and handbag markets? - There are few competitors in the handbag space, while the shoe market has leading brands, and the company is ready to support clients as market conditions improve [46][47] Question: What is the capital allocation strategy with the current cash reserves? - The company plans to hold cash for growth support, focusing on organic growth and selective acquisitions in the current environment [52][53]

Core Viewpoint - Theon International Plc (THEON) reported strong Q1 2025 performance with significant growth in order intake, revenue, and earnings, driven by high demand for night vision technologies and advanced augmented reality capabilities [2][6][9]. Financial Summary - Order intake reached €117.9 million in Q1 2025, a 202.3% increase from €39.0 million in Q1 2024 [3]. - Revenue for Q1 2025 was €90.8 million, up 19.8% from €75.8 million in Q1 2024 [3]. - Adjusted EBIT was €23.0 million, reflecting a 34.2% increase compared to €17.2 million in Q1 2024, with an adjusted EBIT margin of 25.3% [3][9]. - Earnings per share increased by 38.9% to €0.25 from €0.18 in Q1 2024 [3]. - Capital expenditures (Capex) were €3.3 million, a 33.7% increase from €2.5 million in Q1 2024 [3]. Operational Highlights - The soft backlog at the end of Q1 2025 was €668.6 million, up 2.2% from €654.2 million in December 2024, providing solid visibility for future growth [3][9]. - The company secured several new contracts, including participation in the German Future Soldier Program, enhancing its product offerings in the A.R.M.E.D ecosystem [9]. - THEON's majority shareholder placed approximately 3.2 million shares, improving stock liquidity and broadening the investor base [9]. - The company was recognized in the FT Europe 1,000 fastest growing companies list for the second consecutive year [9]. - THEON initiated the process to join the United Nations Global Compact, emphasizing its commitment to sustainable practices [9].

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]

The last few weeks may feel like months for investors trying to make sense of huge swings to the upside and the downside in the broader market. The Nasdaq Composite's (^IXIC 0.64%) over 12% pop on April 9 pole-vaulted the index out of bear market territory -- which is a decline of over 20% from a recent high. However, a subsequent sell-off on Thursday pushed the Nasdaq within striking distance of being back in a bear market.Bear markets have historically been phenomenal times to put hard-earned savings to w ...

Core Insights - Meta Platforms is enhancing user engagement through AI across its platforms, including Facebook, Instagram, WhatsApp, Messenger, and Threads, with recent AI feature expansions to Ray-Ban Meta glasses in the UK [1][6] Financial Performance - Meta's advertising revenues surged 20.9% year over year to $46.78 billion, constituting 96.7% of fourth-quarter revenues, with a constant currency revenue increase of 21% year over year [2] - The company anticipates total revenues between $39.5 billion and $41.8 billion for Q1 2025, indicating an expected growth of 8-15% year over year [11] Advertising Technology - Meta is utilizing its proprietary machine learning system, Andromeda, to enhance ad recommendations, processing millions of ads to deliver a few thousand relevant ones [3] - The deployment of Andromeda on NVIDIA's Grace Hopper Superchip has resulted in over 6% recall improvement and more than 8% ad quality enhancement in selected segments [4] AI and User Engagement - Meta AI usage has risen, with over 700 million monthly active users, and the company is launching Meta AI across its messaging apps in over 100 countries [5] - The addition of advanced AI features to Ray-Ban Meta glasses includes visual recognition capabilities for identifying landmarks and translating text, aiming to create more intuitive and immersive experiences [7] Stock Performance - META shares have decreased by 7.2% year to date, outperforming the broader Zacks Computer & Technology sector's decline of 14.5% and competitors like Alphabet and Snap [8] AI Models and Integration - The launch of Llama 4 models, which can process images and text, signifies Meta's deeper involvement in AI and AR, with integration into Amazon services to promote widespread adoption [9] Safety Initiatives - Meta is focusing on enhancing safety across its platforms through various initiatives aimed at protecting users, particularly young people, from harmful content and scams [10] Earnings Estimates - The Zacks Consensus Estimate for Q1 2025 revenues is $41.24 billion, reflecting a 13.20% increase from the previous year, with earnings estimated at $5.22 per share, indicating a 10.83% year-over-year growth [12]

Core Insights - ProStar Holdings Inc. has formed a strategic partnership with Pix4D to enhance its Precision Mapping Solutions, integrating ProStar's PointMan with Pix4D's 3D modeling technology for improved underground infrastructure management [1][4]. Company Overview - ProStar is a leading software company specializing in cloud and mobile mapping solutions for critical infrastructure, with its flagship product, PointMan, designed to manage above- and below-ground assets [6][7]. - Pix4D, based in Switzerland, develops end-to-end mapping solutions that utilize advanced algorithms for creating survey-grade georeferenced maps and models [5]. Partnership Details - The collaboration aims to deliver a user-friendly mobile solution that allows professionals in construction, engineering, and utilities to visualize and manage buried infrastructure with high accuracy and efficiency [2][4]. - The integration of PointMan and Pix4D's technology is expected to enhance operational efficiency, reduce risks, and improve safety for organizations globally [4]. Technological Advancements - The combined technologies will provide a mobile-friendly solution that offers real-time 3D mapping capabilities, enabling users to visualize subsurface assets directly from their smartphones [2][4]. - ProStar's strategy includes forming alliances with industry leaders to create a powerful and cost-effective precision mapping solution, leveraging partners' distribution networks [3].