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Founded in 1997, Vuzix is a growing, dynamic company that specializes in the design and manufacture of high quality wearable optical display systems for commercial, industrial, and consumer applications. Products include consumer video, gaming display, medical, and ruggedized display systems for industrial customers. Our rapid response philosophy provides turnkey solutions for components and fully integrated solutions engineered to customer requirements Worn like regular glasses, all of our Video Eyewear models provide a big screen viewing experience ranging from 44" to 75" virtual displays. Now you can connect to PCs, portable media players, gaming consoles, mobile phones and laptops.
TypePublic
Founded1997
HQWest Henrietta, US
Websitevuzix.com
Employee Ratings4.6

Latest Updates

Employees (est.) (Aug 2016)41
Job Openings5
Revenue (FY, 2018)$8.1 M(+47%)
Share Price (Mar 2019)$3.5 (-8%)

Key People/Management at Vuzix

Paul J. Travers

Paul J. Travers

CEO, President and Director
Grant Russell

Grant Russell

CFO, Executive Vice President, Treasurer and Director
Shane Porzio

Shane Porzio

Vice President Engineering
Zach Stone

Zach Stone

Vice President of Operations
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Vuzix Office Locations

Vuzix has an office in West Henrietta
West Henrietta, US (HQ)
25 Hendrix Rd
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Vuzix Financials and Metrics

Vuzix Revenue

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Vuzix's revenue was reported to be $8.09 m in FY, 2018
USD

Revenue (FY, 2018)

8.1m

Gross profit (FY, 2018)

2.0m

Gross profit margin (FY, 2018), %

25%

Net income (FY, 2018)

(21.9m)

EBIT (FY, 2018)

(21.9m)

Market capitalization (15-Mar-2019)

95.2m

Closing stock price (15-Mar-2019)

3.5

Cash (31-Dec-2018)

17.3m
Vuzix's current market capitalization is $95.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.4m3.0m2.7m2.1m5.5m8.1m

Revenue growth, %

27%(9%)(23%)

Cost of goods sold

1.6m2.1m2.2m3.3m6.2m6.1m

Gross profit

807.0k930.2k566.2k(1.2m)(676.6k)2.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

338.8k798.4k723.3k664.6k809.2k427.8k970.4k363.8k560.9k582.5k1.2m1.3m1.4m1.5m2.6m1.9m

Cost of goods sold

190.0k450.2k462.2k460.2k630.8k392.5k644.2k603.0k686.9k819.1k1.1m1.8m1.5m1.4m2.0m1.3m

Gross profit

148.8k348.2k261.0k204.4k178.3k35.3k326.1k(239.1k)(126.1k)(236.6k)148.8k(429.5k)(92.0k)177.1k670.2k656.1k

Gross profit Margin, %

44%44%36%31%22%8%34%(66%)(22%)(41%)12%(32%)(7%)11%25%34%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

310.1k85.0k11.9m14.5m14.9m17.3m

Accounts Receivable

214.9k383.5k325.7k103.3k974.2k772.3k

Inventories

953.6k26.5m48.1m2.7m3.9m7.3m

Current Assets

1.7m2.0m16.5m18.2m21.2m27.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

2.6m271.8k2.0m564.3k22.9m15.0m16.1m8.2m4.6m5.9m10.4m6.1m8.7m36.1m29.2m23.5m

Accounts Receivable

163.8k187.8k166.1k117.5k255.1k84.4k664.6k56.5k101.9k119.3k320.6k142.5k470.5k1.1m2.0m1.0m

Inventories

645.3k1.0m916.8k1.1m1.0m1.1m1.8m3.4m3.5m4.0m2.7m3.4m2.8m4.3m5.3m6.8m

Current Assets

3.5m1.6m3.1m2.0m24.5m22.6m20.1m12.5m9.5m11.1m14.2m10.8m13.6m42.0m37.7m33.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(10.1m)(7.9m)(13.4m)(19.3m)(19.6m)(21.9m)

Depreciation and Amortization

377.8k279.3k380.8k770.7k998.5k1.5m

Inventories

(266.4k)41.7k3.1m(2.4m)(3.4m)

Accounts Payable

(379.6k)(237.0k)11.2m2.6m(846.4k)
USDY, 2018

Financial Leverage

1.2 x
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Vuzix Operating Metrics

FY, 2014FY, 2015FY, 2016

Patent Applications

10 23 39

Patents Pending

39 40 51

Trademarks (Foreign)

41 42 42

Trademarks (US)

10 8 7
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Vuzix Online and Social Media Presence

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Vuzix News and Updates

Vuzix Announces Follow-on OEM Enterprise Smart Glasses Order

ROCHESTER, N.Y., March 11, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company has received a follow-on OEM purchase order. This ...

Vuzix Announces Qualcomm Snapdragon XR1 Based Enterprise Smart Glasses

ROCHESTER, N.Y., Feb. 25, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products is pleased to announce the debut of Vuzix' next generation enterprise smart glasses, the...

Vuzix Exhibiting Industry Leading Smart Glasses Technology at Mobile World Congress 2019 in Barcelona

ROCHESTER, N.Y., Feb. 21, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will be attending Showstoppers on Sunday February...

Vuzix Blade AR Smart Glasses to be Featured at Brick Hack V Hackathon at RIT

ROCHESTER, N.Y., Feb. 14, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products is pleased to announce that the Vuzix Blade AR Smart Glasses will be featured at Brick Hack ...

Vuzix Expands Market Access for Vuzix Blade Smart Glasses to 35 Countries with the Addition of Japan

ROCHESTER, N.Y., Jan. 24, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that its Blade Smart Glasses recently received certification for...

Smart Device Market by Application, Product Type, Competitive Landscape & Regional Forecast 2025 | Samsung, Apple, Pebble, Sony, Panasonic, Vuzix & Lenovo

Smart Device Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Posted via Industry…
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Vuzix Blogs

Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2018 Financial Results and Business Update

ROCHESTER, N.Y., March 7, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, is pleased to announce that the Company has scheduled a conference call on Friday, March 15, 2019…

Vuzix Announces the Launch of Consumer Version of the Blade Augmented Reality Smart Glasses

Consumer release planned integrations include Amazon Alexa; and popular applications like AccuWeather and Yelp; entertainment apps and much more ROCHESTER, N.Y., Jan. 8, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Au…

­­­­Vuzix to Participate in Augmate Webinar 'Best Practices in Training with Augmented Reality: A Verizon Case Study'

ROCHESTER, N.Y., Nov. 13, 2018 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce the Company will be participating in an upcoming Augmate webinar 'Best Pract…

Vuzix Announces its Third Quarter 2018 Financial Results and Delivers Year-Over-Year Revenue and Operating Performance Improvements

ROCHESTER, N.Y., Nov. 8, 2018 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its third quarter financial results for the period ended September 30, 2018. …

Vuzix Blade Smart Glasses Now Fully Supported by Ubimax Frontline Productivity Suite

ROCHESTER, N.Y., Oct. 18, 2018 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR)) technology and products is pleased to announce that the Company's Vuzix Blade®  and Vuzix M300 Smart Glasses are now fully …

Vuzix Amends Non-Compete Agreement Enabling it to Sell Products to First Responders, Security Organizations and Third-Party Defense Suppliers and to Military Organizations

ROCHESTER, N.Y., Oct. 10, 2018 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) products and technologies, is pleased to announce that the Company has amended the 10-year non-compete restrictions it enter…
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Vuzix Frequently Asked Questions

  • When was Vuzix founded?

    Vuzix was founded in 1997.

  • Who are Vuzix key executives?

    Vuzix's key executives are Paul J. Travers, Grant Russell and Shane Porzio.

  • How many employees does Vuzix have?

    Vuzix has 41 employees.

  • What is Vuzix revenue?

    Latest Vuzix annual revenue is $8.1 m.

  • What is Vuzix revenue per employee?

    Latest Vuzix revenue per employee is $197.4 k.

  • Who are Vuzix competitors?

    Competitors of Vuzix include WaveOptics, VR Case and FlickTek.

  • Where is Vuzix headquarters?

    Vuzix headquarters is located at 25 Hendrix Rd, West Henrietta.

  • Where are Vuzix offices?

    Vuzix has an office in West Henrietta.

  • How many offices does Vuzix have?

    Vuzix has 1 office.