Vuzix CEO says smart glasses niche markets could be 'fantastic,' in 'billions'
In an exclusive interview with The Fly, Vuzix's (VUZI) CEO Paul Travers addressed Maxim analyst Brian Kinstlinger's concerns over a potential "slower ramp of smart glasses sales" and discussed the market opportunity for the company's products: "The Maxim comments come from the fact that there's not an analyst out there that understands this industry that isn't projecting billions of dollars in revenue. The question is when that curve is really starting to happen. Admittedly, Vuzix is at the front end of the curve. But it is happening. If you just look at our numbers... two years ago we had maybe $2M in revenues and last year was $5.5M, let's say, and this year is going to be a lot more. I will say that the Maxim analyst was a bit aggressive with his numbers. All of us are hoping that this happens sooner rather than later. I can only tell you that this stuff is happening. And you know you look at the analysts' projections often they get a tad over their skis when they actually think it's going to happen. But they're often not wrong that it's going to happen. And there are niche markets that I think are going to be fantastic, that will be in the billions." "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.