Category: VUZI

VUZI – Vuzix Schedules Conference Call to Discuss Second Quarter 2021 Financial Results and Business Update

ROCHESTER, N.Y., July 22, 2021 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its second quarter 2021 operating results at 4:30 PM Eastern Time (ET), August 9, 2021.

To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participants can also click this link for instant telephone access to the event. The link will become active approximately 15 minutes prior to the start of the conference call.

Additionally, a live and archived webcast of the conference call will be available on the investor relations page of the Company’s website at: https://ir.vuzix.com/ or directly at  https://78449.themediaframe.com/dataconf/productusers/VUZI/mediaframe/45964/indexl.html 

Participating on the call will be Vuzix Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who will discuss operational and financial highlights for the quarter ended June 30, 2021.

Investors who would like to submit questions to management for response during the call’s Q&A session, time permitting, can do so by emailing Ed McGregor at [email protected] prior to the start of the call.

Telephonic and webcast replays will be available for 30 days starting on August 9, 2021 at approximately 5:30 PM (ET). To access the telephonic replay, please dial 877-660-6853 in the U.S. or Canada and 201-612-7415 for international callers. The conference ID# is 13721661.

About Vuzix Corporation

Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company’s products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 210 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2021 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan.  For more information, visit Vuzix website,  Twitter and Facebook pages.

Media and Investor Relations Contact:

Ed McGregor, Director of Investor Relations
Vuzix Corporation
[email protected] 
Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – [email protected] www.vuzix.com

SOURCE Vuzix Corporation

Related Links

www.vuzix.com

VUZI – Vuzix and TeamViewer to Offer Best Practices Event for Getting Started with AR & Smart Glasses

ROCHESTER, N.Y., June 29, 2021 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will be hosting a pair of webinars featuring partner TeamViewer, a leading provider of remote access software. The July 1st events will deliver an actionable overview of augmented reality solutions and tips for starting and streamlining a Smart Glasses pilot and broader program implementation for enterprise customers.

When executed successfully, global companies with AR programs have seen a high return on investment through reduced travel costs, increased productivity, minimized downtime and improved collaboration. However, while the benefits are significant, barriers to adopting Smart Glasses and Augmented Reality solutions into an enterprise ecosystem can hamstring programs and leave operations managers unsure how to move their initiative forward. This event, conveniently offered July 1, 2021, at both 8am ET/2pm CET and 1pm ET/ 7pm CET, will provide a solid overview of the technology and will be packed with key takeaways including:

  • Current impact of AR on processes, people, industry
  • Use cases in manufacturing, logistics, medical and other industries
  • Tips for streamlining your AR Smart Glasses
  • Overcoming internal obstacles with strategy and goals 
  • Software and systems integration
  • Actionable steps for getting started

“There are so many variables to consider when onboarding Smart Glasses that it can be hard to know where to begin. Our team has guided clients in every industry through the pilot stage and into successful programs,” said Paul Travers, President and CEO of Vuzix.  “Having the right software and hardware combination is half the battle. Knowing what to expect and meeting internal challenges with a scalable internal strategy is a proven way to accelerate your implementation.”

Interested parties that would like to learn more can register for this webinar via the link below.

Who should attend: Managers across industry seeking to enhance their operations with Smart Glasses and Augmented Reality solutions

Date: July 1, 2021

Start Time: 8am ET/2pm CET and 1pm ET/ 7pm CET

Webinar/Registration Link for 8am ET/2pm CET

https://vuzix.zoom.us/webinar/register/7616246421397/WN_SBA-fWA8SrW1H_A7eqbo0g

Webinar/Registration Link for 1pm ET/ 7pm CET

https://event.on24.com/wcc/r/3286356/9B6061585C8FF30959143E630142A336?partnerref=vuzixPR  

About Vuzix Corporation

Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company’s products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 192 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2021 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan.  For more information, visit Vuzix website,  Twitter and Facebook pages.

Forward-Looking Statements Disclaimer

Certain statements contained in this news release are “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward looking statements contained in this release relate to Vuzix Smart Glasses, our business relationship with the TeamViewer, market opportunities with enterprise customers, benefits that can be expected with the implementation of smart glasses, and among other things the Company’s leadership in the Smart Glasses and AR display industry. They are generally identified by words such as “believes,” “may,” “expects,” “anticipates,” “should” and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company’s beliefs and assumptions as of the date of this release. The Company’s actual results could differ materially due to risk factors and other items described in more detail in the “Risk Factors” section of the Company’s Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

Media and Investor Relations Contact:

Ed McGregor, Director of Investor Relations
Vuzix Corporation 
[email protected]  
Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA, 
Investor Information – [email protected]  www.vuzix.com 

SOURCE Vuzix Corporation

Related Links

www.vuzix.com

VUZI – Vuzix says the Ohana One virtual Surgical Sight program is utilizing its smart glasses in 35 countries

Vuzix Corporation (NASDAQ:VUZI), a supplier of smart glasses and Augmented Reality (AR) technology, in collaboration with surgical training nonprofit Ohana One, has said the virtual Surgical Sight Smart Glasses program for the NGO community is now live in 35 countries.

The Surgical Sight program, which was formally launched in October 2020 by Ohana One, utilizes Vuzix Smart Glasses and Help Lightning software to connect surgical mentors with surgeons in developing areas around the globe to boost training in surgery.

“We are very pleased to work together with Ohana One and their growing list of participating surgical teams around the globe to support their virtual Surgical Sight smart glasses program in their mission to connect 1,000 mentor/mentee pairs,” said Vuzix CEO Paul Travers in a statement.

READ: Vuzix CEO Paul Travers touts the company’s impressive product lineup in letter to shareholders

As of June 2021, 835 calls have been placed over Vuzix Smart Glasses which were used to connect more than 100 surgeons across five specialty areas including neurosurgeons, general and colorectal surgeons, adult and pediatric orthopedic surgeons, and plastic and reconstructive surgeons.

“The first cohort consisted of 50 surgical teams consisting of mentor and mentee pairs that spanned across five continents and 35 developing countries,” said the company. The goal is to have the program grow to 1,000 mentor/mentee pairs, it added.

The surgical mentee can share his or her surgical field directly with the mentor, and the mentor sees what the mentee is seeing live in real-time using the specialized Help Lightning smart glasses software. The technology can take pictures of the live feed, record videos, freeze the image and subsequently write on top of the captured image, and mentors can use their hands to point out areas that need special attention or direction, all as if the mentor was directly operating with the mentee.

“This enhances the training relationship between the mentor and mentee, helping the mentee to further develop their surgical skills,” said the company. The smart glasses and software create an environment where the mentor can be available live during the surgery, preoperative planning, and post-operative monitoring. 

“The Vuzix Smart Glasses are becoming an important channel for communication. We can receive help from our mentors remotely. The glasses work like a smart camera with video call and virtual reality that are suitable in the operating room,” said Dr Can from InterSurgeon, an Ohana One partner, in Vietnam. “We really like using these devices to improve the quality of our global surgical programs.”

Contact the author Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive

VUZI – Vuzix, Softfoundry and Porsche China to Host in Mandarin a Remote Assistance Software Demo on M-Series Smart Glasses

ROCHESTER, N.Y., May 19, 2021 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced an upcoming demo of the Vuzix M400 and M4000 Smart Glasses specifically for Mandarin-speaking listeners, featuring Softfoundry International Pte Ltd (Softfoundry), a next generation green communication solution provider and developer of the FacePro Xpert System, an AR-capable remote mentoring solution, as well as Porsche China.

FacePro Xpert System provides efficient, real-time remote global expert support, training and resources sharing via first-person perspective Full-HD to 4K video communication, utilizing both the Vuzix M400 and M4000 Smart Glasses platforms. Developed with smart adaptive bitrate control, FacePro adapts to various network environments and conditions. The FacePro Xpert System facilitates real-time remote expert guidance for on-site maintenance, inspections and repairs, providing sizable productivity gains while lowering travel costs. FacePro has been successfully deployed across various market verticals including automotive, rail transit, energy, petrochemical, maritime, aviation, agriculture, telemedicine and telecommunications.

“The Vuzix M400 and M4000 Smart Glasses compliment FacePro Xpert System perfectly.  The portability and high performance of Vuzix’ Smart Glasses make them best-in-class and well-liked by our customers,” said Joni Kuo, Co-Founder of Softfoundry.

One of the customers that has adopted the FacePro Xpert System using Vuzix Smart Glasses for remote technical support is Porsche China.  Through the use of the FacePro Xpert System, technical experts no longer have to travel, resulting in reduced costs as well as shorter waiting times for after-sales service, which has helped improve customer satisfaction due to increased efficiency within the service organization. 

“Vuzix Smart Glasses support an ever-expanding set of industries around the world, bolstered by flexible language capabilities and the company’s strong global partner solutions like Softfoundry’s FacePro. Recently we optimized our M400 and M4000 Smart Glasses for the FacePro Xpert System to ensure seamless operation and position our hardware even more effectively to meet customer demand in Asia,” said Paul Travers, President and CEO of Vuzix.  

The FacePro remote support application, supporting 14 different languages, is now available for download in Vuzix’ app store at https://www.vuzix.com/appstore/app/facepro-xpert-system.

Vuzix, Softfoundry and Porsche China will be hosting the Mandarin-based webinar to demonstrate the FacePro Xpert System featuring Vuzix Smart Glasses. Interested parties that would like to learn more can register for this webinar via the link below.

Vuzix & Softfoundry Mandarin Remote Assist Platform Introduction
Date: May 26th, 2021
Start Time: 9:00 AM China Standard Time (CST)/ 9:00 PM Eastern Time (ET)
Webinar Registration Link:  
https://vuzix.zoom.us/j/98159260402

About Softfoundry International Pte Ltd.

Established in Singapore since 1999, Softfoundry International Pte Ltd (Softfoundry) is dedicated to the development of new generation Carrier Class High Definition Green-Tech communication. Softfoundry is providing world class professional video collaboration solutions specifically to address stringent compliances to security standards and interoperability of public sectors, government, enterprise, education, healthcare and carriers based on patented video-communication technology supporting multi-HD resolutions, multi-codec, and multi-applications platforms. Softfoundry is committed to develop solutions for both organizations and individual professionals to be more effective, productive and profitable. Softfoundry will continue this relentless drive towards advancing state-of-the-art Green Communication Technology, for benefiting the future world, and for providing the best experience for any and all clientele.. For more information, please visit Softfoundry FacePro Xpert System website.

About Vuzix Corporation

Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company’s products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 192 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2021 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan.  For more information, visit Vuzix website,  Twitter and Facebook pages.

Forward-Looking Statements Disclaimer

Certain statements contained in this news release are “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward looking statements contained in this release relate to Vuzix Smart Glasses, our current and future business relationships and opportunities with Softfoundry and Porsche China and among other things the Company’s leadership in the Smart Glasses and AR display industry. They are generally identified by words such as “believes,” “may,” “expects,” “anticipates,” “should” and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company’s beliefs and assumptions as of the date of this release. The Company’s actual results could differ materially due to risk factors and other items described in more detail in the “Risk Factors” section of the Company’s Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

Media and Investor Relations Contact:

Ed McGregor, Director of Investor Relations
Vuzix Corporation
[email protected]  
Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – [email protected]  www.vuzix.com 

SOURCE Vuzix Corporation

Related Links

www.vuzix.com

VUZI – VUZI Stock Price Increased 6.69%: Why It Happened

  • The stock price of Vuzix Corp (NASDAQ: VUZI) increased by 6.69%. This is why it happened.

The stock price of Vuzix Corp (NASDAQ: VUZI) – a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products – increased by 6.69% as it went from a previous close of $20.64 to $22.02. Investors appear to be responding to the company announcing a new partnership with TechSee, a leader in intelligent visual assistance technology, to deliver a remote visual assistance solution to field service technicians using AR and computer vision on Vuzix’ M400 and M4000 Smart Glasses.

By utilizing their proprietary AI-driven visual assistance platform, TechSee enables on-site field service technicians to receive real-time support from a remotely located expert. And the on-site technician shows the issue or difficulty to the remote expert using their smart glasses and receives step-by-step AR-based guidance for a quick resolution. 

The technology also enables technicians to receive assistance in self-service mode without the need to contact a remote expert, with automated troubleshooting guidance and job verification using computer vision AI. And the technology can recognize devices and their parts with a 98% accuracy level, while automatically diagnosing issues and suggesting resolutions. Access to full technical support while working in the field increases first-time fix rates, lowers downtime, improves technician engagement and minimizes training times.

KEY QUOTES:

“We are pleased to announce our partnership with Vuzix. The synergies between our technology and Vuzix’ Smart Glasses have created a pioneering solution for service organizations who can benefit from the power of AR and computer vision. This partnership enables field service organizations to transform their service delivery and allows them to leverage their data to automate repetitive tasks and elevate their ROI.”

— Eitan Cohen, Chief Executive Officer at TechSee

“TechSee’s field service solution is a natural fit with our Smart Glasses, so we are very excited to partner with them to offer a unique computer vision-powered solution that can help technicians in both assisted service and self-service modes. Our smart glasses ecosystem continues to expand with each passing day, and we remain confident that Vuzix is increasingly well positioned to become the hardware vendor of choice among a growing number of industry players.”

— Paul Travers, President and Chief Executive Officer at Vuzix

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

VUZI – VUZI Stock Price Increased 20.85%: Why It Happened

  • The stock price of Vuzix Corp (NASDAQ: VUZI) increased by 20.85% on March 19. This is why it happened.

The stock price of Vuzix Corp (NASDAQ: VUZI) – a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products – increased by 20.85% on March 19 as it went from a previous close of $23.84 to $28.81. Investors appear to be responding to a couple of catalysts this week.. 

March 17

On March 17, Vuzix had announced that the company has received an initial deployment order totaling about $400,000 for Vuzix M400 Smart Glasses from a Fortune 100 US-based insurance and financial services company. And this initial deployment order – received after more than 18 months of piloting – is for immediate delivery with the potential for subsequent deployment orders in the future as this customer expands its use of smart glasses.

Vuzix Smart Glasses will be used by the company’s fleet of insurance agents to help them in the field when they are capturing and reviewing claim-related information. And the M400’s HD phase detect auto focus camera with zoom control is ideally suited to capture and store sharp photos and 4K video for claims processing.

“We continue to see an increasing number of companies across an expanding number of verticals selecting our industry leading M400 Smart Glasses for deployment within their organization to either solve operational challenges encountered in the field at customer sites or simply help maximize human capital.” 

— Paul Travers, President and CEO of Vuzix

March 18

On March 18, Vuzix announced that CooperVision, a unit of The Cooper Companies, Inc. (NYSE: COO) – one of the world’s leading manufacturers of soft contact lenses – has successfully deployed Vuzix M400 Smart Glasses equipped with LogistiVIEW’s Vision+ augmented reality warehouse software to provide hands-free picking guidance at their 275,000 square foot West Henrietta, New York distribution site, which at any given time stores over 120,000 different contact lens products.

LogistiVIEW’s Vision+ Software Automation Platform combines the best traditional picking tools including augmented reality PTL, visual instructions, voice interaction, gesture control, and RF scanning into a single system. And the combined set of instructions are delivered to the worker intuitively and hands-free through Vuzix M400 AR Smart Glasses, avoiding the need for any bolted down infrastructure. AI and computer vision add an intelligence layer to the process, optimizing tasks and pick sequence for the best possible efficiency. At the CooperVision warehouse, employees now use Vuzix Smart Glasses to assist with order picking.

“Vuzix’ M400 Smart Glasses equipped with LogistiVIEW’s Vision+ software provides a hands-free solution that is delivering efficiency gains in our operations.”

— Michele Bosa, Vice President, Americas Distribution of CooperVision.

“The ability to offer LogistiVIEW’s patented computer vision and AR visualizations on Vuzix Smart Glasses provides customers like CooperVision with a highly flexible solution to boost the efficiency and accuracy of their operations.” 

— Seth Patin, Founder and CEO of LogistiVIEW

“The versatility of our M400 Smart Glasses continues to drive customer demand across a wide range of industry verticals and it’s great to see CooperVision using Vuzix M400 Smart Glasses in their Upstate New York distribution center to deliver hands-free productivity gains in their operations.” 

— Paul Travers, President and CEO of Vuzix.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

VUZI – Where Will Vuzix Be in 5 Years?

Vuzix (NASDAQ:VUZI), a developer of augmented reality glasses and headsets, was a penny stock throughout 2019 and most of 2020. Its stock remained below $5 a share as its unpredictable sales and ongoing losses curbed the market’s enthusiasm for the growth potential of its AR business.

Vuzix’s stock price dipped below $1 during the COVID-19 crash last March. But it subsequently bounced back above $4 by July, hit $10 in late December, and continued climbing to the mid-$20s this year. Let’s look back at Vuzix’s history, why it suddenly attracted a stampede of bulls, and whether or not it can maintain that momentum over the next five years.

A runner wearing a pair of Vuzix's Blade smartglasses.

Image source: Vuzix.

A first-mover’s advantage in a niche market

Vuzix was founded in 1997. It initially developed products for the military but started producing consumer electronics devices in the early 2000s. Vuzix went public in 2013, and Intel (NASDAQ:INTC) bought 30% of the company for $24.8 million in 2015.

At the time, Vuzix was selling its flagship AR glasses, the M100, to a handful of enterprise customers. It subsequently launched the M300, M400, and M4000 devices for enterprise customers over the following years, and developed AR glasses for big customers like Toshiba.

Vuzix launched its consumer-facing Blade AR glasses, which can be tethered to Amazon‘s (NASDAQ:AMZN) Alexa and Alphabet‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Assistant, in 2019. As a result, Vuzix’s annual revenue rose more than fivefold between 2016 and 2020.

Fiscal Year

2016

2017

2018

2019

2020

Revenue (Millions)

$2.13

$5.54

$8.09

$6.67

$11.58

Growth (YOY)

(23%)

160%

46%

(18%)

74%

Data source: Vuzix. YOY = Year-over-year.

That growth was impressive, but the AR market suffered several setbacks during that period. Google discontinued its consumer-facing version of Google Glass in early 2015 and pivoted the device toward enterprise users. Intel halted its AR headset partnership with Vuzix in 2016.

The first pair of AR glasses from Magic Leap, the start-up backed by Google and other tech giants, also fell woefully short of expectations when it finally arrived in 2018. Intel shut down its New Devices Group, which housed its wearable devices and smartglasses, that same year.

Those challenges, along with other disappointing product launches, snuffed out the hype for AR devices and caused many investors to question Vuzix’s growth potential. 

So what changed?

The AR market was seemingly on the ropes by 2019, but the pandemic boosted demand for its products again in 2020. Vuzix CEO Paul Travers called 2020 a “transformational year” for the AR market, as the pandemic sparked a shift to remote work in the enterprise and healthcare sectors.

A factory worker uses a pair of M400 glasses.

Image source: Vuzix.

Vuzix attributed most of its growth in 2020 to robust sales of its M400 smartglasses, as well as brisk OEM orders from medical and defense customers. It ended the year with 184 approved or pending patents for AR technologies, up from 150 patents in 2019.

Vuzix didn’t provide any specific guidance for 2021, but Travers claims the company is “well-positioned to achieve significant year-over-year comparative revenue growth in our first quarter and throughout 2021” as it sells more M-Series and Blade smartglasses.

Analysts expect Vuzix’s revenue to rise 88% to $21.8 million in 2021, then jump another 87% to $40.6 million in 2022. Those estimates are rosy, but the stock is pricey at over 60 times this year’s sales. Vuzix’s bottom line also remains in the red, and analysts expect it to remain unprofitable for the foreseeable future.

But can the tailwinds offset the headwinds?

The bears will likely point out a few other major issues. Vuzix enjoys a first-mover’s advantage in the AR market, but bigger challengers loom on the horizon, including Apple, Facebook, and Qualcomm — which recently launched an AR reference design that lets OEMs easily produce their own headsets.

Intel also gradually reduced its stake in Vuzix and sold all its remaining shares earlier this year. The departure of its top backer and imminent competition from larger tech companies could throttle Vuzix’s growth.

The bulls will argue that Vuzix doesn’t need to go toe-to-toe with those tech giants. Instead, it just needs to hold onto a sliver of the expanding AR market.

For example, Grand View Research believes the AR market will grow at a compound annual growth rate (CAGR) of 43.8% between 2021 and 2028 to become a $340.2 billion market. If Vuzix merely keeps pace with that market, it could generate multibagger gains within a few years.

Moreover, only 15% of Vuzix’s shares are owned by institutions, and only four analysts currently cover the stock. If the stock gains more mainstream attention, it could have much more room to run.

So where will Vuzix be in five years?

Vuzix is still a speculative stock, but its first-mover’s advantage, established customer base, and expanding lineup of enterprise-facing AR devices could drive its stock higher over the next five years. It’ll be a bumpy ride, but the potential rewards could easily outweigh the near-term risks.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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