All right. So, ahead of this event, you were actually quoted in an article saying, "The real question for these devices, this $799 display uh wearable is, does it make our lives better? And does it have the potential to make our lives better?" After what you heard there from Mark Zuckerberg during that event, do you do you have a sense of how it can actually make our lives better. >> Yeah, I I definitely do.I think that it's kind of an upleveling of the smart classes experience and kind of enables you to lo ...

Core Insights - Vuzix Corporation and TCL China Star Optoelectronics Technology have announced a long-term partnership to integrate microLED displays with waveguide optics for smart glasses [1][3] - The collaboration aims to provide scalable, cost-effective optical solutions to enhance the smart glasses industry [1][2] Company Overview - Vuzix is a leading designer and manufacturer of AI-powered smart glasses and AR technologies, holding over 450 patents and numerous IP licenses [6] - TCL CSOT is a major player in the semiconductor display industry, focusing on next-generation display technologies such as Mini LED and Micro LED, with a total investment exceeding 260 billion RMB [5] Product Development - The companies have successfully integrated mono-green microLED engines with Vuzix waveguides, showcasing this solution at the China International Optoelectronic Exposition [3][4] - A full-color microLED and waveguide optical solution is in development, with a planned release in early 2026, targeting high-volume adoption in AR applications [3][4] Market Impact - The partnership is expected to accelerate the adoption of smart glasses by OEMs and consumer brands, marking a significant step towards the next generation of AR technology [2][4]

Group 1 - Snap Inc's shares are experiencing a surge, up 7.4% to $8.76, following the announcement of Snap OS 2.0 and plans to release Spectacles in 2026 [1] - The stock has gained 21.2% since the beginning of the month and is on track for its seventh daily gain in eight sessions, although it remains down 18.7% year to date [2] - There is significant activity in options trading, with 334,000 calls and 103,000 puts exchanged, indicating heightened interest compared to typical volumes [3] Group 2 - Short interest in Snap Inc has increased by 25.5% over the last two weeks, now representing 13.1% of the stock's available float, with a coverage time of nearly three days at the average trading pace [4]

Core Viewpoint - Snap's stock has seen a significant increase, attributed to optimism surrounding the upcoming release of smart glasses and speculation about potential acquisition interest [1] Company Insights - Evan Spiegel, co-founder of Snap, is focused on innovating with smart glasses and is not likely to sell the company, aiming to demonstrate that Snap can compete with larger tech firms like Google and Meta [2][10] - There is speculation about Snap potentially bringing in an outside investor to support the costly development of AR glasses, similar to the financial challenges faced by Meta [3] - Snap's advertising revenue growth has been low, significantly lagging behind peers, which raises questions about its future performance in a changing market [5][17] Industry Dynamics - The anticipated rollout of a new TikTok app could disrupt user engagement, potentially benefiting Snap if users shift away from TikTok during the transition [6][7] - Speculation exists regarding Fox Corp's potential investment in Snap, which could align with Lachlan Murdoch's strategic vision for the company [8] - The uncertainty surrounding TikTok's management and operational changes may be influencing Snap's stock performance more than the company's own developments [10][9] Future Considerations - The evolution of smart glasses and their market viability remains uncertain, with questions about how they will compete with existing products from Apple and Google [14][16] - The challenge of integrating advertising into new technologies, such as smart glasses or voice-activated devices, poses a significant hurdle for companies like Snap and Meta as they explore new revenue models [18]

Core Viewpoint - Snap's stock price increased by over 6% in pre-market trading, driven by positive investor sentiment towards Snap OS 2.0 and its new Spectacles, which focus on augmented reality (AR) [1] Company Summary - Snap's stock reached a high of $8.7, marking its highest point in recent trading sessions [1]

Core Viewpoint - Snap's stock rose over 3.8%, reaching a peak of $7.75, following the launch of its new augmented reality (AR) operating system, Snap OS 2.0, which promises faster browsing experiences and updated AR application features [1] Group 1: Product Development - Snap introduced its new AR glasses operating system, Snap OS 2.0, which includes features for playing long videos directly on the glasses and accessing various types of websites [1] - The new system is currently applied to the developer version of Spectacles, with plans for a lighter consumer version, Specs, set to launch in 2026, also running on Snap OS [1]

Core Insights - Amazon.com is developing augmented reality (AR) glasses for consumers, which could position the company in a competitive market for AR technology [1] Company Developments - The initiative to create AR glasses is reported to be in the planning stages, indicating Amazon's interest in expanding its product offerings in the tech space [1] - This move aligns with the growing trend of integrating AR into consumer electronics, suggesting a strategic shift for Amazon towards immersive technology [1] Industry Trends - The development of AR glasses reflects a broader industry trend where major tech companies are investing in augmented reality to enhance user experiences and create new market opportunities [1] - As AR technology gains traction, companies that successfully innovate in this space may capture significant market share and consumer interest [1]

Core Viewpoint - zSpace, Inc. is set to present at the 2025 Annual Gateway Conference, highlighting its leadership in immersive augmented reality solutions for education [1][5]. Company Participation - zSpace's management will present on September 4 at 11:00 a.m. PT, with the presentation available for live webcast and replay [2]. - Executives from zSpace will be available for one-on-one meetings throughout the conference [2]. Media Engagement - zSpace will participate in a recorded interview with host Katie Perry, aimed at engaging Stocktwits' retail investor audience of over 10 million [3]. Conference Overview - The Gateway Conference connects growth-stage companies with investors, analysts, and partners, featuring presentations and meetings with over 75 public and private companies [5][6]. Company Background - zSpace, Inc. specializes in augmented reality and AI-powered immersive learning experiences, serving K-12 and post-secondary education sectors [8]. - The company is trusted by over 3,500 educational institutions and holds over 70 patents in immersive technology [8].

Core Insights - Meta is set to announce a significant advancement in smart glasses at its upcoming Connect conference, including the launch of consumer-ready glasses with a display and a new wristband for gesture control [2][3][10] Product Development - The new smart glasses, codenamed Hypernova, will feature a small digital display in the right lens and are expected to retail for approximately $800 [3][4] - The glasses will be launched in partnership with EssilorLuxottica, which has previously collaborated with Meta on smart glasses [4][5] - The Hypernova glasses will have limited visual features, providing a 20-degree field of view primarily for simple notifications like text messages [13] Market Strategy - Meta has set low sales expectations for Hypernova due to its increased complexity and weight compared to previous models [10] - The company has sold 2 million pairs of its second-generation smart glasses since 2023, with Luxottica reporting a year-over-year revenue increase of over 300% from these sales [11] Technological Integration - The Hypernova glasses will be paired with a wristband utilizing sEMG sensor technology for gesture control, which is designed to improve user interaction with the device [17][18] - The wristband's development has faced challenges related to fit and performance, but advancements in machine learning are expected to enhance its functionality [19][20] Developer Engagement - Meta is actively reaching out to developers to test Hypernova and the wristband, aiming to attract third-party developers to create applications that can be showcased at the Connect conference [22]

Financial Performance - Revenue for Q2 2025 was $1,345 million, a 9% increase compared to $1,237 million in the prior year[8, 15] - Average revenue per user (ARPU) was $2.87, slightly up from $2.86 in the prior year[8] - Net loss was $263 million, compared to $249 million in the prior year, with a net loss margin of (20)%[8] - Adjusted EBITDA was $41 million, down from $55 million in the prior year, resulting in an Adjusted EBITDA Margin of 3%, compared to 4%[8, 13, 14] - Operating cash flow was $88 million, a significant improvement from $(21) million in the prior year, and free cash flow was $24 million, compared to $(73) million[16] User Engagement - Global monthly active users (MAU) reached 932 million in Q2, an increase of 64 million, or 7%, year-over-year[17, 32] - Daily active users (DAU) were 469 million in Q2 2025, an increase of 37 million, or 9%, year-over-year[20, 38] - Spotlight reached more than 550 million monthly active users on average in Q2, with time spent growing 23% year-over-year, contributing over 40% of total content time spent[20] Augmented Reality - The community uses AR Lenses in the Snapchat camera 8 billion times per day[23] - Lens Games engagement has continued to grow, now reaching more than 175 million monthly active users, up over 40% year-over-year[24]