Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced the Company has recently received a new follow-on commercial order for M400 Smart Glasses from Dutch medical services company 1Minuut Innovation. The latest order from 1Minuut Innovation is for immediate delivery to elderly care organizations to meet urgent COVID-19 remote healthcare needs in the Netherlands and will push the number of M400 Smart Glasses in the field deployed with 1Minuut's Genzõ software suite to over 500 units.
Shares of Vuzix (NASDAQ: VUZI) jumped as much as 19% today after the company announced a new partnership with Japanese telecommunications giant KDDI to sell smart glasses. Vuzix said that it has partnered with various international subsidiaries of KDDI to sell Vuzix Smart Glasses to enterprise customers across several markets. Vuzix Smart Glasses leverage augmented-reality (AR) technology to free the user's hands and increase productivity of maintenance technicians.
Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced today it has partnered with KDDI overseas subsidiaries ("KDDI", TOKYO: 9433) to provide Vuzix Smart Glasses to customers across the globe to support their COVID-19 business continuity planning efforts and increase overall productivity. KDDI, one of Asia's largest telecommunications providers, has also begun to deploy Vuzix Smart Glasses internally to support maintenance in their telecom facilities.
There’s no stopping Vuzix (VUZI) right now. The smart glasses maker has been on a roll with shares up by a massive 518% over the past 12 months. However, Maxim analyst Jack Vander Aarde thinks there’s more to come. The 5-star analyst expects 2021 to “mark a significant growth inflection point.” Vander Aarde rests his bullish thesis on several factors. First off, the company just released a positive Q4 preliminary update. The company anticipates 4Q20 revenue of over $4 million, representing more than a 100% year-over-year uptick. Following the update, the analyst raised his Q4 revenue estimate from $3.8 million to a matching $4 million.
In a regulatory filing late yesterday, Vuzix (VUZI) registered the sale of 674,084 shares of common stock upon the exercise of previously issued warrants. The warrants were issued on December 14, 2017, and have an exercise price of $7 per share.Warrants are executable until June 18, 2021.VUZI shares are down 5%...