Last $2.84 USD
Change Today -0.10 / -3.40%
Volume 108.8K
VUZI On Other Exchanges
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

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07/29/13 - $5.30
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07/31/13 - $1.75
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vuzix corp (VUZI) Details

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company’s products are worn like eyeglasses and comprise video displays that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games through various mobile electronic devices, including cell phones, laptop computers, portable media players, and gaming systems. Its products include binocular video eyewear devices comprising two micro displays mounted in a frame attached to eyeglass-style temples; and M100, which are monocular pair of smart glasses. The company also provides virtual reality products that provide the user with 3D computer simulated environments, which simulate the real or an imaginary world; and augmented reality products that provide a user a live, direct or indirect, view of a physical and real-world environment whose elements are augmented by computer generated sensory input, such as sound, video, graphics, or GPS data. Vuzix Corporation sells its products under the Vuzix Wrap brand name through specialty retailers, catalogue offerings, third party distributors, resellers, and various company operated Web stores. The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in 2007. Vuzix Corporation was founded in 1997 and is based in Rochester, New York.

31 Employees
Last Reported Date: 04/9/14
Founded in 1997

vuzix corp (VUZI) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $162.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $184.4K
Compensation as of Fiscal Year 2013.

vuzix corp (VUZI) Key Developments

Vuzix Corporation Signs on Deal with Lenovo

Vuzix Corporation announced that it has signed a major deal with Lenovo. The wearable product offering will be co-branded as a Vuzix/Lenovo solution and will be marketed across China as part of Lenovo's New Business Development brand. The Vuzix 100 Smart Glasses powered by Lenovo NBD will be marketed exclusively by Lenovo. The agreement between the companies calls for Vuzix to be the exclusive third party provider of smart glasses to Lenovo for the industrial and commercial markets in China and allows for the expansion into other geographical markets and products. Vuzix has worked closely with Lenovo and their development teams to create a new M100 Smart Glasses product offering specifically tailored for the Chinese marketplace with features which include Chinese language, voice recognition, mapping and numerous other domestic cloud based services. This agreement is a major step for Vuzix and through Lenovo will bring it distinction as the first official Smart Glasses product to have direct access into China. As part of the partnership, Lenovo will begin immediate marketing of the co-branded Vuzix M100 Smart Glasses, with sales shipments commencing in early September and more broad based sales activities across China growing through the Fall of 2014.

Vuzix Corporation Approves Amended and Restated Certificate of Incorporation

The Board of Directors of Vuzix Corporation duly adopted a resolution setting forth a proposed amendment to the Amended and Restated Certificate of Incorporation of the Corporation, declaring such amendment to be advisable and calling for consideration thereof by the stockholders of the Corporation. The resolution setting forth the proposed amendment is as follows: Resolved, that Article 4. of the Certificate of Incorporation is hereby amended and restated in its entirety to read as follows: ARTICLE 4. The total number of shares of all classes of which the Corporation shall have authority to issue shall be 105,000,000 shares, consisting of (i) 100,000,000 shares of common stock, par value $0.001 per share, and (ii) 5,000,000 shares of preferred stock, par value $0.001 per share. Thereafter, in accordance with a resolution adopted by the Board, the Corporation submitted the proposed Amendment to the stockholders for approval in accordance with the DGCL, and the holders of a majority of the outstanding shares of Common Stock of the Corporation voted in favor of the Amendment at an Annual Meeting of Stockholders on June 24, 2014.

Vuzix Corporation Reports Earnings Results for the First Quarter Ended March 31, 2014

Vuzix Corporation reported earnings results for the first quarter Ended March 31, 2014. For the quarter, the company’s gross sales were $798,418, up 8% as compared to $739,184 during the corresponding period in 2013. Net income was $1,511,906 or $0.15 basic per share compared to a net loss of $936,298 or $0.26 loss per share for the same period in 2013.


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