InvestorsHub Logo

kiy

Followers 53
Posts 16175
Boards Moderated 3
Alias Born 08/19/2010

kiy

Re: None

Friday, 02/24/2017 3:31:26 PM

Friday, February 24, 2017 3:31:26 PM

Post# of 19859
VUZI...(VUZI), ("Vuzix" or the "Company"), a leading supplier of Smart Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets...

VUZI is on the speculation list...and someone has a price target of $11...

http://finance.yahoo.com/news/vuzix-enters-development-agreement-toshiba-140000817.html

http://www.insidermonkey.com/blog/insider-purchases-reveal-optimistic-outlook-for-vuzix-corporation-vuzi-532810/
Following a successful start to 2017, senior management reinforced its bullish stance towards Vuzix Corporation (NASDAQ:VUZI), disclosing the acquisition of shares on January 20. According to the latest SEC Form 4 Filing, CEO Paul Travers purchased 2,750 shares at $6.55 each, amounting to approximately $18,000 worth of stock.

The transaction saw the founder of Vuzix Corporation (NASDAQ:VUZI) bring his total holdings in the company to 2.55 million shares. The recent insider buying indicates strong commitment on behalf of insiders and optimism regarding the firm’s future outlook.


Do those pupils suggest she's on drugs...?...or just the usual brain washing going on...

http://finance.yahoo.com/news/vuzix-provides-business-m300-smart-140300755.html
The M300 is now certified to ship into Europe, the USA, Canada, Australia, India and New Zealand with certifications in all our global target markets expected by the end of the quarter. The M300 software now shipping with production units incorporates new features including advanced voice control, updated sound support with speech recognition from Sensory and improved barcode scanning. Over the air software updates are also now fully enabled along with advanced power and thermal management features not available in previous versions. The M300 Smart Glasses, after having gone through over 6 months of in-market testing with customers and developers, is now officially in volume production at our sub-contractor's California plant. In addition to software improvements, we have made a series of mechanical and electrical improvements including tougher ruggedization performance; improved thermal management and more robust cabling for greater in field reliability. Finally, we continue to grow, the line of accessories for the M300 with available battery packs from GO-Puck, mounting options for 3rd party safety glasses and hardhat support becoming available within the current quarter.

With all these advances, in this quarter we have begun ramping production of the M300 Smart Glasses towards targeted production yields and rates. We are expecting to build and ship at least 1,000 of the M300 units to customers in the current fiscal quarter. Existing paid back-orders and the fulfilment of our prior M300 migration pack sales are being shipped first along with units to our VIP partners who have been pre-allocated units for immediate deployment to their existing client base. The needs of our VIP partners are strong and they are expected to consume the majority of this quarter's initial output. With the ramping of production we will also be able to start focusing on the needs of our general Enterprise customers addressing the significant in-bound requests we have for the M300. We are also experiencing a continuing and growing demand for our M100 Smart Glasses as customers expand their deployments. As existing customer purchase orders will consume all of our current M100 inventories, our M100 Smart Glasses are now on back-order and as a result the Company has decided to move forward with another production build of the M100 this spring.

With the continued demand for the M100 and the ramping of the M300's in production, we are expecting to achieve record revenues from our Smart Glasses product lines during the current fiscal quarter. It is now clear as we rollout our M300 Smart Glasses in volume that our M100 and M300 offer distinct and differentiated features as well as pricing that will allow the two models to co-exist in the marketplace longer than originally contemplated.

VUZI

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.