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VUZI

Vuzix

$2.92

0.18 (6.57%)

14:11
04/16/19
04/16
14:11
04/16/19
14:11

Vuzix up after saying it can offer 'near immediate delivery' on smart glasses

Vuzix (VUZI) announced several developments for its Vuzix Blade AR Smart Glasses. The company noted that "most importantly, production yields and rates have been increasing and the company can now offer near immediate delivery on new orders on its website. Production yields for optical waveguides, an internally manufactured product... and a key component in the Vuzix Blade, have continued to improve. As a result, the company's manufacturing floor has been able to accelerate and expand production of Blade Smart Glasses, as evidenced by the recent decrease in shipping time from 3-4 weeks to 'in stock' as indicated of the company's website. Further plans remain in place to realize additional production increases and cost reductions over the balance of 2019." Shares of Vuzix are up almost 6%, or 16c, to $2.91 per share in afternoon trading.

  • 28

    May

VUZI Vuzix
$2.92

0.18 (6.57%)

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."

TODAY'S FREE FLY STORIES

FCPT

Four Corners Property Trust

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0.49 (1.77%)

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PRK

Park National

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STNE

StoneCo

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-8.25 (-23.74%)

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GPIC

Gaming Partners

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SCHW

Charles Schwab

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TKC

Turkcell

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FCCY

1st Constitution Bancorp

$18.07

-0.14 (-0.77%)

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QUMU

Qumu

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-0.035 (-1.22%)

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FAT

Fat Brands

$5.15

0.065 (1.28%)

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HRTG

Heritage Insurance

$14.32

0.25 (1.78%)

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COTY

Coty

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0.02 (0.18%)

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NTES

NetEase

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-2.34 (-0.87%)

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09:10
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NDEKY

Nitto Denko

$0.00

(0.00%)

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CURO

Curo Group

$10.96

0.16 (1.48%)

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AON

Aon plc

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  • 19

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