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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.) (Mar 2019)80(+32%)
Job Openings5
Revenue (FY, 2018)$8.1 M(+47%)
Share Price (Jun 2019)$3 (+46%)

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 (Q1, 2019)

1.4m

Gross profit (Q1, 2019)

39.9k

Gross profit margin (Q1, 2019), %

2.9%

Net income (Q1, 2019)

(6.4m)

EBIT (Q1, 2019)

(6.3m)

Market capitalization (10-Jun-2019)

81.4m

Closing stock price (10-Jun-2019)

3.0

Cash (31-Mar-2019)

10.1m
Vuzix's current market capitalization is $81.4 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, 2018Q1, 2019

Revenue

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

Cost of goods sold

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

Gross profit

148.8k348.2k261.0k204.4k178.3k35.3k326.1k(239.1k)(126.1k)(236.6k)148.8k(429.5k)(92.0k)177.1k670.2k656.1k39.9k

Gross profit Margin, %

44%44%36%31%22%8%34%(66%)(22%)(41%)12%(32%)(7%)11%25%34%3%
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, 2018Q1, 2019

Cash

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

Accounts Receivable

163.8k187.8k166.1k117.5k255.1k84.4k664.6k56.5k101.9k119.3k320.6k142.5k470.5k1.1m2.0m1.0m199.8k

Inventories

645.3k1.0m916.8k1.1m1.0m1.1m1.8m3.4m3.5m4.0m2.7m3.4m2.8m4.3m5.3m6.8m8.1m

Current Assets

3.5m1.6m3.1m2.0m24.5m22.6m20.1m12.5m9.5m11.1m14.2m10.8m13.6m42.0m37.7m33.3m19.7m
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, 2019

Revenue/Employee

17.2k

Financial Leverage

1.2 x
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Vuzix Operating Metrics

FY, 2014FY, 2015FY, 2016

Countries

50 50 50

Patent Applications

10 23 39

Patents Pending

39 40 51

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 Support of Streaming Video Services and Other Consumer Applications on Vuzix Blade Smart Glasses

ROCHESTER, N.Y., June 12, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announces support of numerous streaming video services and other consumer applications on...

Vuzix smart glasses get automatic facial recognition designed for law enforcement

This is one of those ‘I’m not surprised but I am slightly terrified’ moments in tech development: Enterprise smart glasses company Vuzix announced Monday that it has developed new “fully autonomous” face recognition software in partnership with software developer NNTC. The new solution will work wit…

Vuzix and NNTC Announce the World's First Fully Autonomous AI-Powered Face Recognition System Integrated on Smart Glasses

ROCHESTER, N.Y., June 10, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, together with NNTC, a Dubai (UAE) based software developer and solution provider, announce ...

This Week In XR: New Apple AR Core 3.0, New Moverio Assist, Vuzix M-400, Mario Kart VR

The expanding XR ecosystem continued to generate headlines this week. We are running down the hall to keep up.

Vuzix Receives Blade Smart Glasses Purchase Order from New Prosumer-Oriented Partner

ROCHESTER, N.Y., June 3, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announces that the Company has successfully moved past a proof of concept with a new...

Vuzix Blade Selected as the Smart Glasses Rollout Hardware for the "SWORD™" Intelligence and Threat Detection Solution

ROCHESTER, N.Y., May 24, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announces that the Vuzix Blade Smart Glasses have been selected as the smart glasses...
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Vuzix Blogs

­­­­Vuzix Announces Early Adopters Program for the 'Best in Class' Enterprise M400 Smart Glasses

ROCHESTER, N.Y., May 30, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announces an early adopters program for its new best in class enterprise M400 Smart Glasses. …

Vuzix Reports First Quarter 2019 Results

ROCHESTER, N.Y., May 9, 2019 /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 first quarter results for the period ended March 31, 2019. …

Vuzix Schedules Conference Call to Discuss First Quarter 2019 Financial Results and Business Update

ROCHESTER, N.Y., May 3, 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 Thursday, May 9, 2019 at…

Vuzix Blade AR Smart Glasses to be Featured at American Airlines Hack Wars VI Hackathon

ROCHESTER, N.Y., May 2, 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 Hack Wars VI, an int…

AR, VR and the Merger of the Digital and Physical World

POINT ROBERTS, Wash. and DELTA, British Columbia, March 15, 2019 (GLOBE NEWSWIRE) --  Investorideas.com, a global investor news source covering tech stocks, releases a snapshot looking at VR and AR stocks and future implications and applications for these technologies. One of the first mainstre…

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…
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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 80 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 $101.2 k.

  • Who are Vuzix competitors?

    Competitors of Vuzix include MicroVision, nreal and WaveOptics.

  • 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.