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VUZI

Vuzix

$4.55

(0.00%)

10:28
01/24/19
01/24
10:28
01/24/19
10:28

Vuzix reports receipt of Blade Smart Glasses' certification for sale in Japan

Vuzix announced that its Blade Smart Glasses recently received certification for sale in Japan, bringing the list of certified and approved countries worldwide to 35. "Production levels of the Vuzix Blade AR Smart Glasses continue to ramp with steadily improving yields; with management's production target capacity of 2000 units per month expected to be achieved by the end of Q1. As part of Vuzix' expanding waveguide production capabilities, the Company will phase in additional production capacity during 2019 for OEM-related smart glasses and waveguide projects commensurate with increased unit demand from expected project customers," the company stated.

VUZI Vuzix
$4.55

(0.00%)

03/20/18
MAXM
03/20/18
NO CHANGE
Target $11
MAXM
Buy
Vuzix price target lowered to $11 from $13 at Maxim
Maxim analyst Brain Kinstlinger lowered his price target on Vuzix to $11, citing a "slower ramp of smart glass sales" anticipated for 2018 and 2019 along with a Q4 revenue miss. The analyst keeps his Buy rating on the stock longer term, noting the company's "second to none" offering of smart glasses and "ample capital to support growth".
05/10/18
05/10/18
NO CHANGE

Vuzix CEO sees 2018 revenue growth "significant"
Vuzix CEO Paul Travers commented, "2018 is off to a strong start. We expect revenue to expand further in Q2 fueled by the introduction of several new smart glasses product offerings into the market during the first half of 2018. Volume shipments of M300 type-C Smart Glasses to Toshiba which began at the end of the first quarter are expected to increase significantly beginning in the second quarter. Vuzix Blade Smart Glasses volume production should begin in the coming weeks resulting in shipments to our developer community, customers and strategic partners beginning before the end of the second quarter. Vuzix added approximately 200 M300 pilot programs across a variety of industries and continues to see shifts occurring in the enterprise space as more pilot programs move to multi-site rollouts. We expect 2018 to be another year of significant revenue growth across our markets."

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