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Vuzix Reports Third Quarter 2024 Results
Prnewswire· 2024-11-15 05:05
ROCHESTER, N.Y., Nov. 14, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies, today reported its financial results for the third quarter ended September 30, 2024, and provided updates on its strategic progress."During the quarter, Vuzix made meaningful advancements across key areas, including its partnership with Quanta Computer, which delivered the first $10 million tranche of a $20 million multi-pha ...
Vuzix(VUZI) - 2024 Q3 - Quarterly Report
2024-11-15 05:01
销售额相关 - 2024年9月30日止三个月产品销售额为988328美元占总销售额71%较2023年同期下降28%[103] - 2024年9月30日止三个月工程服务销售额为397386美元较2023年同期下降51%[103] - 2024年9月30日止三个月总销售额为1385714美元较2023年同期下降36%[103] - 2024年前九个月产品销售额为3418665美元较2023年同期下降66%[116] - 2024年前九个月工程服务销售额为1063488美元较2023年同期下降1%[116] - 2024年前九个月总销售额为4482153美元较2023年同期下降59%[116] 成本相关 - 2024年9月30日止三个月销售成本为1645562美元较2023年同期下降32%[101] - 2024年前9个月总销售总成本为5128398美元,较2023年同期减少4322958美元或46%[121] 利润相关 - 2024年9月30日止三个月毛亏损为259848美元占比19%较2023年同期毛亏损237544美元占比11%有所上升[101] - 2024年9月30日止三个月净亏损为9222279美元较2023年同期净亏损10983008美元有所下降[101] - 2024年前九个月净亏损59882054美元较2023年同期增加98%[116] - 2024年前9个月无形资产和股权投资减值总计30301355美元[133] - 2024年前9个月其他收入为239896美元,较2023年同期减少1378974美元[135] 费用相关 - 2024年9月30日止三个月研发费用为2333798美元较2023年同期下降20%[101] - 2024年9月30日止三个月销售和营销费用为1766246美元较2023年同期下降38%[101] - 2024年9月30日止三个月总务和管理费用为4347013美元较2023年同期下降3%[101] - 2024年9月30日止三个月折旧和摊销费用为410697美元较2023年同期下降57%[101] - 2024年第三季度研发总成本为2333798美元较2023年同期下降20%[111] - 2024年第三季度销售和营销总成本为1766246美元较2023年同期下降38%[113] - 2024年第三季度一般和管理总成本为4347013美元较2023年同期下降3%[115] - 2024年前九个月研发费用为7406913美元较2023年同期下降16%[116] - 2024年前九个月销售和营销费用为6245411美元较2023年同期下降21%[116] - 2024年前九个月一般和管理费用为12941336美元较2023年同期下降7%[116] - 2024年前9个月总研发费用为7406913美元,较2023年同期减少1411998美元或16%[124] - 2024年前9个月总销售和营销费用为6245411美元,较2023年同期减少1636201美元或21%[126] - 2024年前9个月总管理费用为12941336美元,较2023年同期减少917660美元或7%[129] 现金相关 - 2024年9月30日现金及现金等价物为14271666美元,较2023年12月31日减少12283926美元[137] - 2024年前9个月经营活动使用现金19717197美元[139] - 2024年前9个月投资活动使用现金2566729美元[140] - 2024年前9个月融资活动提供10000000美元现金[141] - 2024年前9个月运营现金净流出19717197美元2023年全年26277824美元2022年全年24521082美元[142] - 截至2024年9月30日累计赤字353866847美元[142] - 2024年前9个月投资活动现金流出2566729美元2023年全年19280966美元2022年全年21170816美元[142] - 2023和2022年投资现金流出较高达32500000美元[143] - 2024年9月13日从广达电脑公司证券购买协议第一期收款10000000美元[146] 运营调整相关 - 各运营领域年度现金运营费用至少降低20%[146] - 全公司运营规模调整包括裁员和停止招聘[146] - 2024年5月1日至2025年4月30日实施全员减薪计划节省约2100000美元[146] - 2024年1月和6月两轮裁员后周薪成本从263000美元降至162000美元降幅38.4%[146]
Vuzix Schedules Conference Call to Discuss Third Quarter 2024 Financial Results and Business Update
Prnewswire· 2024-11-05 01:00
ROCHESTER, N.Y., Nov. 4, 2024 /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 host a conference call regarding its third quarter 2024 operating results at 4:30 PM Eastern Time (ET), November 14, 2024.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. a ...
Vuzix to Discuss Its Industry-Leading Waveguide and AI/AR Smart Glasses Solutions at the ThinkEquity Conference 2024
Prnewswire· 2024-10-28 21:00
ROCHESTER, N.Y., Oct. 28, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI/AR smart glasses, technologies and optical components, is pleased to announce that the Company will be attending and presenting at the ThinkEquity Conference 2024, being held at the Mandarin Oriental Hotel in New York City on October 30, 2024. Vuzix Chief Executive Officer and President Paul Travers is scheduled to present at 10:00 AM EST at this event. The presentation wil ...
Vuzix Announces Android 13 Upgrade and Support for Its Industry-Leading M400 Enterprise Smart Glasses
Prnewswire· 2024-10-15 02:30
文章核心观点 - 公司发布了M400智能眼镜的Android 13操作系统升级版本,提供最新的安全性和企业设备管理功能 [1][2] - 该升级版本满足了多个客户对于更高安全性和高级Android功能的需求 [2] 公司概况 - 公司是智能眼镜和增强现实技术及产品的领先供应商 [3] - 公司拥有400多项专利和专利申请,并获得多项消费电子创新奖 [3] - 公司在美国、日本设有办事处 [3] 技术亮点 - Android 13操作系统升级提供了以下功能: - 安全更新和持续支持 [1] - WiFi网络算法改进 [1] - 企业设备管理改进 [1] - Android权限管理改进 [1] - 从Android API 30升级到API 33 [1] 市场影响 - 该升级版本满足了多个客户对于更高安全性和高级Android功能的需求,有利于公司获得更多大规模部署订单 [2]
Vuzix Shareholder Letter Highlights Key Developments that Position the Company for Significant Market Success
Prnewswire· 2024-10-02 17:00
- Partnership and strategic $20 million investment by Quanta Computer with the first $10 million received; focused on manufacturing waveguides at scale and developing AI smart glasses for the broad markets. - Vuzix waveguide technology continues to lead and is the core of AI smart glasses. - Expanding OEM/ODM opportunities and recent partnerships with Quanta, Garmin and others. - Implemented key initiatives to enhance operational efficiency, including reducing capital expenditures and headcount. ROCHESTER, ...
Vuzix Targets Additional OEM Business Opportunities on the Heels of Its Recently Announced Strategic Partnership and Investment
Prnewswire· 2024-09-26 21:15
ROCHESTER, N.Y., Sept. 26, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), a leading supplier of smart glasses and Augmented Reality (AR) technology, today announced an expanded focus on OEM partnerships and waveguide manufacturing following its recent strategic investment by Quanta Computer Inc., a global ODM leader. With this partnership, Vuzix is now better positioned to collaborate with new clients in developing and mass-producing intelligent waveguide configurations, ranging from standalone com ...
Vuzix Receives $10 Million First Tranche Investment from Quanta Computer
Prnewswire· 2024-09-16 20:00
Quanta investment part of a total $20 million strategic investment agreement to support the expansion of Vuzix' leading-edge waveguide production capabilities and joint development of new AR/AI smart glasses technologies ROCHESTER, N.Y., Sept. 16, 2024 /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 it has completed the closing of the first investment tranche, f ...
Vuzix's (VUZI) Smart Glasses to Power AR-Based Safety Solution
ZACKS· 2024-08-19 23:21
Vuzix's (VUZI) Z100 Smart Glasses are set to power the project of GPS Tuner, where the latter will bundle the smart glasses with its eMobility software solutions and applications to provide heads-up augmented reality (AR) display for eBike users to reduce distractions and enhance safety. The AR solution uses GPS Tuner's mobile-based applications and connects with vehicles, infrastructure and personal devices through V2X technology. GPS Tuner will provide eBike and scooter manufacturers an offer to bundle th ...
GPS TUNER Selects Vuzix (NASDAQ:VUZI) Z100 Smart Glasses to Bundle as a Heads-Up Display for Their eBike Software Offerings
Prnewswire· 2024-08-16 20:15
GPS TUNER's mission is to revolutionize smart mobility by providing innovative, reliable, and user-friendly navigation solutions for bicycles, eBikes, eScooters, LEVs, and EVs, ensuring every journey is safe, efficient, and enjoyable. Its primary products include Companion App, Navie, and EV Navigation. These apps have been downloaded for phone use by over two million riders across 99 countries. With driver safety always top of mind, GPS TUNER plans to directly offer eBike manufacturers the option to includ ...