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.

Employee Rating

4.6More
TypePublic
HQWest Henrietta, US
Founded1997
Size (employees)41 (est)
Websitevuzix.com
Vuzix was founded in 1997 and is headquartered in West Henrietta, US
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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, (HQ)
a 25 Hendrix Rd
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Vuzix Financials and Metrics

Vuzix Revenue

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Vuzix's revenue was reported to be $5.54 m in FY, 2017
USD

Revenue (Q3, 2018)

1.9m

Gross profit (Q3, 2018)

656.1k

Gross profit margin (Q3, 2018), %

34.1%

Net income (Q3, 2018)

(4.8m)

EBIT (Q3, 2018)

(4.8m)

Market capitalization (4-Dec-2018)

156.1m

Closing stock price (4-Dec-2018)

5.7

Cash (30-Sep-2018)

23.5m
Vuzix's current market capitalization is $156.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

27%(9%)(23%)

Cost of goods sold

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

Gross profit

807.0k930.2k566.2k(1.2m)(676.6k)
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, 2017

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

1.7m2.0m16.5m18.2m21.2m
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, 2017

Net Income

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

Depreciation and Amortization

377.8k279.3k380.8k770.7k998.5k

Inventories

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

Accounts Payable

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

Financial Leverage

1.1 x
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Vuzix Operating Metrics

FY, 2014FY, 2015FY, 2016

Patent Applications

10 23 39

Patents Pending

39 40 51

Trademarks (US)

10 8 7

Trademarks (foreign)

41 42 42
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Vuzix Online and Social Media Presence

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Vuzix News and Updates

Vuzix Announces Commercial Availability of the M300XL Smart Glasses for Enterprise

ROCHESTER, N.Y., Dec. 4, 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 commercial availability of the Vuzix M300XL Smart Glasses for...

Augmented Reality and Virtual Reality Market Development by Trends, Competitive Analysis and Key Manufacturers DAQRI, Augmented Pixels, EON Reality, Innovega, Total Immersion, Vuzix, Blippar, Oculus VR, Microsoft and Google

This report focuses on the Augmented Reality and Virtual Reality in Global market, especially in United States, China, South Korea, United Kingdom, Southeast Asia. This report categorizes the market based on manufacturers, countries, type and application. Posted via Industry Today. Follow us on Twit…

Vuzix to Present at LD Micro 11th Annual Main Event Conference

ROCHESTER, N.Y., Nov. 30, 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 presenting at the LD Micro 11th Annual Main...

Lifshitz & Miller LLP Announces Investigation of Acadia Healthcare Company, Inc., Birner Dental Management, Inc., GreenSky, Inc., LSC Communications, Inc., Manulife Financial Corp., SendGrid, Inc., Synchrony Financial, and Vuzix Corporation.

NEW YORK, Nov. 20, 2018 /PRNewswire/ -- Acadia Healthcare Company, Inc. (ACHC) Lifshitz & Miller announces investigation into possible securities laws violations in connection with allegations that the Company misled investors about the quality of its U.K. operations. If you are an Acadia ...

Vuzix Delivers M300 Smart Glasses to A1 Telekom Austria for the Connected Worker

ROCHESTER, N.Y., Nov. 14, 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 an M300 Smart Glasses based remote field service pilot program ...

Vuzix Announces the Release of the Vuzix Blade Commercial Edge Software Suite and Companion Apps for iOS and Android

ROCHESTER, N.Y., Nov. 7, 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 release of the Vuzix Blade® Commercial Edge Software Suite and...
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Vuzix Blogs

­­­­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…

Vuzix Receives M300 Follow-On Orders from SATS to Rollout and Outfit Ramp Handling Operations with Smart Glasses at Changi Airport

"The World's First Augmented Reality on the Tarmac" ROCHESTER, N.Y., Oct. 9, 2018 /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 r…

Vuzix Partners with 1Minuut Innovation and Deloitte Netherlands to Bring Augmented Reality Innovation through Smart Glasses to the Healthcare Industry

ROCHESTER, N.Y., Sept. 25, 2018 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses, Augmented Reality (AR) technology and products for the consumer and enterprise markets, is pleased to announce that the Company's partner 1Minuut Inn…

Vuzix Company Life and Culture

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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 $5.5 m.

  • What is Vuzix revenue per employee?

    Latest Vuzix revenue per employee is $135.1 k.

  • Who are Vuzix competitors?

    Competitors of Vuzix include WaveOptics, VR Case and FlickTek.

  • Where is Vuzix headquarters?

    Vuzix headquarters is located at a 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.