Monday, March 19, 2018 1:40:03 PM
If I'm understanding this MOX Report correctly, the author is alleging that Vuzix hired this IRTH company to do investor relations/promotions. In turn IRTH then had positive stories "placed" with Mainstream outlets like Fox Biz and USA Todaye etc
And this was done in order to inflate the PPS and drive interest for another secondary offering that raised $30 million less fees for Vuzix.
Okay if this is true...the question is, does Vuzix have any incentive to engage promoters now that the bank account is pretty flush?
According to the 10K they had just under $15 million left on Dec 31st. Add in the $28 million ($30 less $2 mill in fees) and you have $43 million. According to the filing Vuzix had net losses attributable to common shareholders of $6.3 million in the 4th quarter, up from $5.9 million in the 3rd quarter.
So assuming they're continuing to burn about $2 million per month...then they'd still have somewhere around $37 million odd as of the end of March.
Vuzix has survived 20 odd years with a lot of promotion and regular dilution...but for another year or so they should be good unless their losses continue climbing.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
Recent VUZI News
- Vuzix Targets Additional OEM Business Opportunities on the Heels of Its Recently Announced Strategic Partnership and Investment • PR Newswire (US) • 09/26/2024 01:15:00 PM
- Vuzix Receives $10 Million First Tranche Investment from Quanta Computer • PR Newswire (US) • 09/16/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 10:30:17 AM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 09/12/2024 08:15:44 PM
- Quanta Computer Enters into a Strategic Investment in Vuzix in Support of Long-Term Waveguide Design and Supply Partnership • PR Newswire (US) • 09/03/2024 12:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 12:10:36 PM
- GPS TUNER Selects Vuzix (NASDAQ:VUZI) Z100 Smart Glasses to Bundle as a Heads-Up Display for Their eBike Software Offerings • PR Newswire (US) • 08/16/2024 12:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 06:08:29 PM
- Vuzix Reports Second Quarter 2024 Results • PR Newswire (Canada) • 08/14/2024 08:40:00 PM
- Vuzix Reports Second Quarter 2024 Results • PR Newswire (US) • 08/14/2024 08:40:00 PM
- Vuzix (NASDAQ: VUZI) Employs New Micro-touch Imprinting Process to Increase Optical Waveguide Performance and Production Throughput • PR Newswire (US) • 08/13/2024 12:00:00 PM
- Vuzix (NASDAQ: VUZI) Introduces M400 Xtreme Smart Glasses for Use in a Variety of Harsh Workplace Environments • PR Newswire (US) • 08/12/2024 12:15:00 PM
- Vuzix Schedules Conference Call to Discuss Second Quarter 2024 Financial Results and Business Update • PR Newswire (US) • 08/01/2024 06:00:00 PM
- Vuzix (NASDAQ: VUZI) Wholly Owned Subsidiary Moviynt Receives New Key SAP Certification • PR Newswire (US) • 07/30/2024 02:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 12:17:30 AM
- Leading Asian Hospitals Use Vuzix (NASDAQ:VUZI) Smart Glasses to Enable Next Generation Surgical Instruction • PR Newswire (US) • 07/01/2024 01:30:00 PM
- Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Full Color Optical Reference Design for AI-Enabled Consumer Smart Glasses • PR Newswire (US) • 06/20/2024 02:45:00 PM
- Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Optimized Optical Modules for AI-Enabled Smart Glasses • PR Newswire (US) • 06/19/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 08:10:05 PM
- Vuzix (NASDAQ: VUZI) Announces Its Intention to Offer High Durability Plastic Waveguide Design and Production Capabilities • PR Newswire (US) • 06/18/2024 01:35:00 PM
- Vuzix (NASDAQ:VUZI) Revolutionizes the Display Technology Industry with Introduction of Large Format Waveguide Design and Manufacturing • PR Newswire (US) • 06/13/2024 01:31:00 PM
- Vuzix (NASDAQ: VUZI) Continues to Receive Smart Glasses Reorders from Xander to Meet Rising Demand for Their Award-Winning Captioning Glasses for the Hard of Hearing • PR Newswire (US) • 06/10/2024 01:31:00 PM
- Vuzix Annual Shareholder Meeting to Be Held on June 13, 2024 • PR Newswire (US) • 06/04/2024 03:45:00 PM
- U.S. Air Force Agency Awards Vuzix (NASDAQ:VUZI) Development Contract for Augmented Reality Head Mounted Displays • PR Newswire (US) • 06/03/2024 01:31:00 PM
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