Latest news with #VuzixCorporation
Yahoo
24-06-2025
- Business
- Yahoo
Vuzix (VUZI) Receives $5 Million Investment from Quanta, Achieves Waveguide Production Targets
Vuzix Corporation (NASDAQ:VUZI) is one of the 7 most popular AI penny stocks under $5 to avoid. On June 16, the company received a $5 million second tranche investment from Quanta Computer, a global Original Design Manufacturer (ODM) and strategic partner. SFIO CRACHO/ This latest investment brings Quanta's total investment in Vuzix to $15 million, although the total anticipated investment from the company is $20 million. According to Vuzix, this latest capital injection 'strengthens' the partnership between Vuzix and Quanta and 'expands' Vuzix's waveguide production capabilities. The investment was made in the form of a convertible note with a conversion price of $8.00 per share. Meanwhile, Vuzix has successfully achieved its waveguide production and yield targets. The company successfully scaled its proprietary waveguide manufacturing process to meet the growing demand for its solutions. This milestone is crucial for enhancing the company's state-of-the-art waveguide manufacturing capabilities. Vuzix said that the capital injection and the achievement of a key milestone position it to deliver affordable, lightweight, and performance-driven AI smart glasses for mass-market adoption. Vuzix Corporation (NASDAQ:VUZI) is a New York-based technology company. It designs and sells smart glasses and augmented reality (AR) products. Some of its products already in the market include wearable display devices like the Vuzix Blade, M Series, Shield, and Z100, as well as waveguide optics and display engines. The company also provides engineering services and OEM/ODM solutions. While we acknowledge the potential of VUZI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Goldman Sachs China Stocks: 10 Stocks to Buy and 10 Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing. Disclosure: None.
Yahoo
05-05-2025
- Business
- Yahoo
Vuzix Schedules Conference Call to Discuss First Quarter 2025 Financial Results and Business Update
ROCHESTER, N.Y., May 5, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses, waveguides, and augmented reality (AR) technologies, is pleased to announce that the Company will host a conference call regarding its first quarter 2025 operating results at 4:30 PM Eastern Time (ET), May 12, 2025. To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participants can also click this link for instant telephone access to the event. The link will become active approximately 15 minutes prior to the start of the conference call. Additionally, a live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: or directly at: Participating on the call will be Vuzix Chief Executive Officer and President, Paul Travers, and Chief Financial Officer, Grant Russell, who will discuss operational and financial highlights for the quarter ended March 31, 2025. Telephonic and webcast replays will be available for 30 days starting on May 12, 2025 at approximately 5:30 PM (ET). To access the telephonic replay, please dial 877-660-6853 in the U.S. or Canada and 201-612-7415 for international callers. The conference replay ID# is 13753516. About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages. Media and Investor Relations Contact: Ed McGregor, Director of Investor RelationsVuzix Corporationed_mcgregor@ Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,Investor Information – IR@ View original content to download multimedia: SOURCE Vuzix Corporation Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Vuzix Corporation (VUZI): Silicon Valley Expansion Puts Smart Glasses Maker at the Center of AI + AR Convergence
We recently published a list of . In this article, we are going to take a look at where Vuzix Corporation (NASDAQ:VUZI) stands against other AI stocks making waves today. China's foreign ministry recently released a video on its social media feeds, complete with a voice-over in American-accented English, comparing the acceptance of U.S. President Donald Trump's 145% tariffs to 'drinking poison'. 'China won't kneel down, because we know standing up for ourselves keeps the possibility of cooperation alive, while compromise snuffs it out… Imperialists are always arrogant. If they show a bit of reason it's only because they are forced to do so' A Chinese official revealed that Beijing believes yielding or compromising now would only weaken China in the future and that it would authorize Trump to change the terms later. These ongoing tariff riots aren't superficial, rather, they are a reflection of deeper tensions in the ongoing US-China rivalry, particularly over dominance in emerging technologies such as artificial intelligence. READ ALSO: and . In the initial days of the tariff frenzy, former Canadian Deputy Prime Minister Chrystia Freeland had called on President Donald Trump to take the threat of tariffs off the table. She argued that the U.S. will need Canadian energy in the race to achieve dominance in artificial intelligence. Freeland has deemed the tariffs as 'the dumbest trade war in history,' stating how the U.S.-Canada trade relationship is largely balanced when oil, gas, and electricity are excluded. She said that the tariff threat needs to be taken 'definitively off the table.' 'You are really lucky that Canada is the country that sells you oil and gas and electricity. We are a much more reliable supplier than, say, Venezuela. And the fact is, particularly with AI, America's needs for energy are only going to increase.' Canada aside, the artificial intelligence boom is being slowed due to the overall global trade war triggered by the Trump administration. Upcoming earnings reports from tech giants and utilities powering the massive data centers will reveal whether tit-for-tat tariffs, particularly between the U.S. and China, are making businesses change their plans for building data centers and other infrastructure. China plays an important role in the production of AI hardware. It was excluded from a 90-day tariff reprieve earlier. According to analysts, the 145% U.S. tariffs on Chinese goods will sharply increase data center costs if an exemption on electronics is rolled back. 'Much of the electrical infrastructure and data center equipment is manufactured outside of the U.S. In many cases this equipment is in short supply and demand is high globally. Tariffs will likely make this more challenging, especially if foreign suppliers divert this equipment to other markets.' For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A professional engineer working on a smart glasses prototype in a well-lit Corporation (NASDAQ:VUZI) is a multinational technology company engaged in the production of artificial intelligence (AI)-powered smart glasses, waveguides, and augmented reality (AR) technologies. On April 29, the company announced that it has acquired a full R&D and production facility in Milpitas, California, strategically positioning itself in the heart of Silicon Valley. The acquisition will enable Vuzix to scale its development of next-gen waveguide optics, the core tech behind AI-powered smart glasses. The newly acquired site, formerly operated by a major global tech company, already has state-of-the-art ion milling and custom batch processing equipment installed. This advantage will allow Vuzix to ramp up production of compact, high-performance optics immediately. With major tech companies intensifying their efforts toward AI and AR convergence, Vuzix's move will allow it to play a central role in bringing AI wearables into the mainstream. 'Vuzix continues to drive innovation in waveguide optics and display technology, enabling the development of next-generation AI-powered smart glasses. This facility strengthens our ability to support our partners with the highest-quality waveguide solutions, ensuring they have the technology needed to bring advanced, fashion-forward smart glasses to market. AI and AR are converging rapidly, and Vuzix is positioned to lead the way in this evolution.' Overall, VUZI ranks 12th on our list of AI stocks making waves today. While we acknowledge the potential of VUZI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VUZI but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-02-2025
- Business
- Yahoo
Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2024 Financial Results and Business Update
ROCHESTER, N.Y., Feb. 28, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses, waveguides and augmented reality (AR) technology, is pleased to announce that the Company will host a conference call regarding its fourth quarter and full year 2024 operating results on Thursday, March 13, 2025 at 4:30 PM Eastern Time (ET). To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participants can also click this link for instant telephone access to the event. The link will become active approximately 15 minutes prior to the start of the conference call. Additionally, a live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: or directly at Participating on the call will be Vuzix Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who will discuss operational and financial highlights for the quarter and year ended December 31, 2024. Telephonic and webcast replays will be available for 30 days starting on March 13, 2025 at approximately 5:30 PM (ET). To access the telephonic replay, please dial 877-660-6853 in the U.S. or Canada and 201-612-7415 for international callers. The conference ID# is 13752093. About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI driven Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, Twitter and Facebook pages. Media and Investor Relations Contact: Ed McGregor, Director of Investor Relations Vuzix Corporation ed_mcgregor@ Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA, Investor Information – IR@ View original content to download multimedia: SOURCE Vuzix Corporation Sign in to access your portfolio
