Vuzix(US:VUZI)2022-03-06 14:50Company Overview - Vuzix Corporation was founded in 1997 and had its IPO in 2009[7] - The company's market capitalization is $550 million as of December 31, 2021[7] - Vuzix's cash position was $129 million as of September 30, 2021[7] - CEO and CFO together own approximately 7% of the company, while institutional ownership is around 37%[7] Market and Products - The smart glasses market is expected to grow significantly in the future[9] - Vuzix introduced Vuzix Shield™ at CES 2022, featuring microLED-powered binocular smart glasses[21] - Healthcare and telemedicine are among Vuzix's fastest-growing verticals[38] Growth and Strategy - The enterprise market (including warehousing and remote support) and healthcare are expected to drive significant industry demand growth[55] - Vuzix is employing a 3-prong approach: investing in the core smart glasses business, pursuing SaaS solution opportunities, and advancing core technologies[64] - The company is evaluating the acquisition of a disruptive nano electro optical technology[72] Financial Performance - Vuzix's smart glasses revenue continues to grow[56] - The company projects a 51% increase in quarterly revenue[57]