Core Insights - Vuzix Corporation has been recognized as a CES 2026 Innovation Awards Honoree for its Vuzix Ultralite Pro Enterprise Platform, highlighting its scalable design and readiness for enterprise and OEM deployment [1][6][7] Group 1: Product Features and Design - The Vuzix Ultralite Pro platform is designed as a flexible foundation for AI/AR solutions, featuring ultra-bright, full-color displays and AI-driven voice interaction, all within a lightweight device weighing less than 80 grams [2][4] - The platform integrates advanced AR technology into a fashion-forward design, utilizing Incognito-enabled full-color binocular 3D waveguides that minimize light leakage and provide a 30-degree field of view [3][4] - The Ultralite Pro is prescription-ready, allowing users with corrective vision needs to fully utilize AR capabilities, and includes built-in cameras, microphones, and speakers for seamless AI interactions [4] Group 2: Strategic Collaboration - The development of the Ultralite Pro platform is a result of a strategic partnership between Vuzix and Quanta Computer, leveraging Quanta's manufacturing and hardware integration expertise to enhance production quality [5][7] - Quanta Computer, a Fortune Global 500 company, reported consolidated revenues of approximately US$44 billion in fiscal year 2024, indicating its strong market position and capability to support Vuzix's production needs [10] Group 3: Industry Recognition - The CES Innovation Awards program received over 3600 submissions this year, showcasing the competitive landscape in consumer technology and the significance of Vuzix's recognition [1][6] - The award reflects Vuzix's leadership in advancing wearable augmented reality and AI technologies, emphasizing the company's commitment to innovation and design excellence [7]

Core Insights - VIAVI Solutions Inc. has integrated a new Augmented Reality (AR) solution called RF Viewer into its OneAdvisor 800 Wireless test platform, aimed at enhancing user interaction with radio frequency (RF) signals in various applications such as telecommunications and smart building design [1][4] Group 1: Product Features and Benefits - RF Viewer, developed in collaboration with Verizon Wireless, provides real-time visibility of RF emissions by overlaying signal strength data onto a live video feed, making RF analysis more accessible [2][3] - Key features of RF Viewer include live AR overlays of RF signal strength, real-time diagnostics for troubleshooting, and a user-friendly interface suitable for both professionals and non-experts [3] - The integration of RF Viewer into the OneAdvisor 800 Wireless enhances its capabilities, which include spectrum analysis, interference detection, and support for the evolution towards 5G Advanced and 6G technologies [4] Group 2: Industry Impact - The collaboration between VIAVI and Verizon aims to improve network performance and technician safety by enabling efficient identification of Passive Intermodulation (PIM) sources [3] - The introduction of AR technology in RF analytics empowers technicians, engineers, and researchers to make faster and smarter decisions in the field [3]

Key Takeaways PINS is acquiring connected TV ad platform tvScientific to extend its advertising business onto TV screens.tvScientific's technology will combine with Pinterest data to help advertisers measure TV ads across screens.The deal, pending approval, is expected to close in the first half of 2026 as PINS expands actionable content.Pinterest, Inc. ((PINS) has inked a definitive agreement to acquire tvScientific, a firm specializing in a connected TV (CTV) advertising platform. The buyout will enable P ...

Core Insights - zSpace, Inc. is expanding its Career and Technical Education (CTE) application suite, showcasing new applications in various fields at the ACTE CareerTech VISION event [1][2] - The introduction of the zStylus One enhances the precision of AR learning experiences, supporting hands-on practice across multiple disciplines [7][8] Automotive Technology - The automotive pathway now includes applications focused on electric, hybrid, and heavy vehicle systems, emphasizing high-voltage safety and battery diagnostics [3] - Educators are transforming traditional automotive labs into immersive environments, allowing students to engage with complex systems before working on actual vehicles [4] Health Science - The health science suite features new applications such as Medical Assistant Skills, Virtual ECG for hands-on practice, and BodyViz for interactive anatomy experiences [4] Advanced Manufacturing and Robotics - New simulations in advanced manufacturing and robotics provide students with realistic experiences in materials, tools, automation, and safety, building confidence for real lab environments [5] Career Exploration - The Career Explorer application enables students to investigate high-demand career fields and understand the skills required for various jobs, linking classroom concepts to real-world applications [6] zStylus One - The zStylus One is designed to enhance CTE learning applications with advanced sensors and machine learning, facilitating realistic practice in various technical fields [7] Future of CTE - The CEO of zSpace emphasizes the need for accessible technology in CTE programs that reflects industry standards, aiming to prepare students for high-demand technical careers [8] Company Overview - zSpace, Inc. specializes in AR/VR experiences that enhance STEM and CTE programs, trusted by over 3,500 educational institutions [9]

[music] [applause] If you blink, that's about a 100 milliseconds. And milliseconds is almost invincible. And it can define any moment in life, good or bad.One of the memories that's really etched in my memory is in 2014 when our late Australian cricketer Phil Hughes was tragically taken away from us. It was during a Sheffield game in Sydney, Australia, where he faced a delivery of 140 km an hour and roughly had about 150 to 200 milliseconds to react to the ball. for that specific delivery.No one knew that t ...

Core Insights - AAC Technologies has signed a definitive agreement to acquire Dispelix Oy, a leader in diffractive waveguide displays for augmented reality (AR), with the transaction expected to close in the first half of 2026 [1][2]. Company Overview - Dispelix, headquartered in Finland, specializes in transparent waveguides for AR devices, enabling the fusion of real and virtual worlds within the user's field of vision [5]. - AAC Technologies is a leading solutions provider for smart devices, focusing on advanced technologies in various fields including acoustics, optics, and precision mechanics, with 19 R&D centers globally [6]. Strategic Importance - The acquisition builds on a long-standing strategic relationship between AAC and Dispelix, enhancing their combined capabilities in AR innovation and manufacturing [2][3]. - The partnership aims to strengthen their market position and provide unique value to customers by leveraging AAC's global footprint and manufacturing expertise alongside Dispelix's waveguide technology [2][3]. Future Prospects - The acquisition is expected to accelerate the global commercialization of waveguide technology for wearable devices, benefiting both consumer and enterprise markets [3]. - Dispelix will continue its operations without changes, maintaining its leadership team to realize the company's full potential [4].

Core Insights - zSpace, Inc. reported financial results for Q3 2025, highlighting a focus on strategic priorities and revenue growth in software and services despite macroeconomic challenges [2][4]. Financial Performance - Revenue for Q3 2025 was $8.8 million, a decrease from $14.2 million in Q3 2024, attributed to an unusually large customer order in the previous year that did not repeat [4][6]. - Software and services accounted for 57% of total revenue, up from 46% year-over-year [6]. - Gross margin improved to 51% from 45% in the same quarter last year, reflecting a 642 basis point increase due to better hardware cost profiles and more company-owned software content [5][6]. - The net loss for Q3 2025 was ($6.2) million, compared to a net loss of ($0.2) million in Q3 2024 [6][8]. - Adjusted EBITDA for the quarter was ($2.0) million, down from $0.4 million in the prior year [6]. Business Highlights - zSpace launched the Career Explorer application, developed by the acquired Second Avenue Learning team, which has generated strong customer interest [2]. - The company partnered with GEMS Education to deploy AR/VR learning solutions in Dubai, marking a significant expansion in its international presence [6]. - Danbury Public Schools in Connecticut fully deployed zSpace's Career Coach AI and STEM learning technology across its middle and high schools, serving over 12,000 students [6]. - zSpace introduced several new training solutions, including the Heavy Machine & Vehicle Inspection Virtual Trainer and the Medical Assisting Skills Virtual Trainer, enhancing its product offerings [6]. Key Metrics - Annualized Contract Value (ACV) for renewable software was $10.2 million as of September 30, 2025, a 10% decrease from the previous year [7]. - Net Dollar Revenue Retention (NDRR) was 77% for customers with over $50,000 of ACV, down from the previous year [7]. - Bookings in Q3 2025 were $7.4 million, a decline of 37% year-over-year, with a backlog of unfulfilled orders amounting to $6.4 million [7]. Balance Sheet - As of September 30, 2025, zSpace had approximately $4.3 million in cash and cash equivalents, an increase from $3.2 million a year earlier [9][20]. - Total liabilities stood at $33.1 million, down from $42.5 million in the previous year [21].

Financial Data and Key Metrics Changes - Total revenue increased by 10% year-over-year to $1.51 billion, driven by improved advertising demand and the expansion of direct revenue streams [5][30] - Advertising revenue reached $1.32 billion, up 5% year-over-year, with direct response advertising revenue increasing by 8% year-over-year [30][31] - Net loss reduced by more than 30% year-over-year to $104 million, reflecting progress toward sustained profitability [7][36] - Adjusted EBITDA was $182 million, with adjusted EBITDA margins expanding to 12% [7][35] Business Line Data and Key Metrics Changes - Other revenue, including Snapchat Plus subscription revenue, increased by 54% year-over-year to $190 million [5][30] - Direct response advertising revenue growth was driven by strong demand for pixel purchase and app purchase optimizations, particularly from small and medium-sized business clients [30][31] - The North America large client solutions business experienced a modest decline, while the SMB advertising business grew over 25% [31][64] Market Data and Key Metrics Changes - Advertising revenue growth accelerated in Europe and the rest of the world, with Europe growing by 12% and the rest of the world by 13% year-over-year [31][32] - North America accounted for approximately 43% of total global revenue, decreasing as a share of total revenue by roughly 10 percentage points over the past two years [32] - Global impression volume grew approximately 22% year-over-year, although total eCPMs decreased by about 13% due to increased inventory from Sponsored Snaps [33] Company Strategy and Development Direction - The company aims to reach 1 billion monthly active users globally, with a focus on enhancing user engagement through new features and conversation starters [4][15] - Investments in augmented reality and generative AI are central to the company's long-term strategy, with significant user engagement in AR experiences [15][16] - The company is recalibrating investments in community growth and cost structures to improve financial efficiency [12][13] Management's Comments on Operating Environment and Future Outlook - Management anticipates potential declines in daily active users in Q4 due to internal and external factors, including regulatory changes and age verification initiatives [15][56] - The company remains committed to improving monetization efficiency and ensuring compliance with evolving regulations [15][56] - Management expressed confidence in the long-term growth potential, supported by a robust balance sheet and cash flow generation [37] Other Important Information - The company has authorized a new share repurchase program of $500 million to manage share count for long-term shareholders [40] - A partnership with Perplexity AI will integrate conversational search into Snapchat, expected to enhance user experience and generate revenue starting in 2026 [29][44] Q&A Session Summary Question: On the Perplexity partnership, is the cash stock split already determined? - Management indicated that the cash and stock split for the Perplexity partnership is not finalized and will depend on future developments [42][44] Question: How do you see Snap's role evolving as a distribution channel? - Management highlighted the opportunity to distribute AI agents through the chat interface and Sponsored Snaps, enhancing customer experiences [50][52] Question: Can you provide an update on direct response advertising growth? - Direct response revenue grew by 8% year-over-year, with strong performance in Europe and the rest of the world, while North America lagged [60][63] Question: What is the conviction level on keeping infrastructure costs flat next year? - Management expressed confidence in maintaining flat infrastructure costs through improved capacity utilization and cost structure optimization [66][67] Question: What is the latest thinking on Spectacles and potential financial partners? - Management did not provide specific updates on financial partnerships but emphasized the advanced AR software stack and its potential [69]

Financial Data and Key Metrics Changes - In Q3 2025, total revenue increased by 10% year-over-year to $1.51 billion, driven by improved advertising demand and the expansion of direct revenue streams [5][29] - Advertising revenue reached $1.32 billion, up 5% year-over-year, primarily due to growth in direct response advertising revenue, which increased by 8% year-over-year [29][30] - Adjusted EBITDA was $182 million, an improvement of $50 million compared to the prior year, with a net loss reduced by over 30% year-over-year to $104 million [6][36] - Free cash flow was $93 million in Q3, with a total of $414 million over the trailing 12 months [6][37] Business Line Data and Key Metrics Changes - Direct response advertising revenue increased by 8% year-over-year, with strong demand from small and medium-sized business customers [5][29] - Other revenue, including Snapchat Plus subscription revenue, surged by 54% year-over-year to $190 million [5][29] - The community reached 477 million daily active users, an increase of 34 million or 8% year-over-year [4] Market Data and Key Metrics Changes - Advertising revenue growth in Europe accelerated to 12% year-over-year, while the rest of the world saw a 13% increase [30] - North America advertising revenue grew only 1% year-over-year, with the SMB segment growing over 25% [30][31] - Global impression volume grew approximately 22% year-over-year, although total eCPMs decreased by about 13% due to increased inventory [32] Company Strategy and Development Direction - The company aims to reach 1 billion monthly active users globally and is focusing on enhancing user engagement through new features and conversation starters [4][7] - Investments in augmented reality and AI are prioritized, with plans to introduce new monetization tools and premium offerings [5][20] - The strategy includes recalibrating investments in community growth and optimizing cost structures to improve financial efficiency [11][12] Management's Comments on Operating Environment and Future Outlook - Management anticipates potential declines in daily active users in Q4 due to regulatory changes and internal initiatives [13] - The company remains committed to long-term growth despite short-term engagement headwinds, focusing on monetization efficiency and compliance with regulations [12][13] - Future revenue guidance for Q4 is set between $1.68 billion and $1.71 billion, implying year-over-year growth of 8%-10% [37] Other Important Information - The company has approximately $3 billion in cash and marketable securities, providing financial flexibility for future investments [6][37] - A new share repurchase program of $500 million has been authorized to manage share count for long-term shareholders [39] Q&A Session Questions and Answers Question: On the Perplexity partnership, is the cash stock split already determined? - Management expressed excitement about the Perplexity partnership, emphasizing its potential to enhance Snapchat's role as a messaging service and the unique opportunity to distribute AI agents through the chat interface [41][43] Question: Should we presume that the reason for the leverage in cost of revenue is due to not paying out to content owners? - Management clarified that the improvement in gross margins is attributed to a mix shift towards higher-margin ad formats like Sponsored Snaps and Spotlight, which have lower associated costs [42][46] Question: How do you see Snap's role evolving as a distribution channel? - Management highlighted the opportunity to open up the chat interface to more AI agents and conversational commerce experiences, indicating a strategic focus on enhancing customer engagement through these channels [47][49] Question: Could you talk about your conviction level on keeping infrastructure costs flat next year? - Management indicated a strong focus on improving capacity utilization and efficiency in infrastructure costs, aiming to maintain flat costs into 2026 [60][61] Question: What is the latest thinking on Spectacles and potential financial partners? - Management is preparing for the public release of Spectacles and is considering various options to accelerate technical leadership in the AR space, including establishing a standalone subsidiary for better flexibility [63]

Core Insights - zSpace, Inc. has introduced two new products, BodyViz and Virtual ECG, to enhance health science education through immersive augmented reality solutions [1][10] - The U.S. healthcare system is facing a significant workforce crisis, with a projected need for 1.1 million new registered nurses and over 3.2 million lower-wage healthcare workers by 2030 [3] - Traditional anatomy education is hindered by high costs and logistical challenges, particularly affecting community colleges and rural institutions [4] Company Developments - BodyViz is a 3D anatomy visualization platform that utilizes real medical imaging data, allowing students to explore human anatomy without the need for cadavers or expensive labs [5][6] - Virtual ECG by zSpace offers an interactive simulation for cardiac electrophysiology education, enabling students to manipulate electrodes and interpret ECG waveforms in real time [8] - Both products are designed to align with national health science standards and support certification preparation for various healthcare roles [11] Industry Context - The healthcare workforce crisis necessitates innovative solutions to expand access to quality training, particularly for community colleges and technical centers [10] - The integration of BodyViz and Virtual ECG into zSpace's platform aims to democratize access to anatomy education and prepare students for urgent healthcare workforce needs [10][11] - zSpace will showcase these innovations at the National Consortium for Health Science Education (NCHSE) Conference, highlighting their commitment to advancing health science training [12][13]