Vuzix Augmented Reality Smart Glasses Solution For Orthopedic Surgery – Knee Replacement. Subsequently, over the past 7 months, more than 40 surgeries have been completed in different hospitals and clinics across Europe with Vuzix smart glasses and Pixee Medical AR.Â. Now, you’re probably wondering why this little-known stock skyrocketed. In fact, there are already frontline health-care professionals around the world using Vuzixâs smart glasses, and the companyâs list of health-care customers continues to grow. (Source: âNeedham Conference Presentation,â Vuzix Corp, January 15, 2021.). This is what you need to know. @Charlie's Munger - Kopin actively worked with Vuzix and supplied display optics to Vuzix on their earlier models, M100 through M300 and M300XL which ended in approx late 2019 or early 2020. Backlight type is LED. Barron's Latest Picks And Pans: Space Race Picks, Eli Lilly, GameStop, Splunk And More, Chamath Palihapitiya And His Rise As A 'FinTwit' Influencer, Apple Ordered To Pay $308.5 Million In Patent Infringement Case, Privacy Policy / Do Not Sell My Personal Data. https://www.profitconfidential.com/wp-content/uploads/2021/02/smart-phone-dollar-against-blue-sky-clouds-background-phone-concept-money-dollar-smartphone_t20_4lNmgA-300x200.jpg, Vuzix Reports Record Smart Glasses Revenues and Provides Business Outlook, Vuzix Selected by Verizon for Integration with its 5G-enabled EMS Solution to Deliver Enhanced Medical Augmented Reality for First Responders, Clorox Deploys Vuzix M400 Smart Glasses to Tackle Operational Challenges Brought Upon by the COVID-19 Pandemic, Vuzix Announces Financial Update with Q4 Revenues Ahead of Analyst Expectations. Instead, the company is mostly known for providing AR head-mounted displays in the form of smart glasses. All rights reserved. Vuzix® Corp. (NASDAQ: VUZI), a supplier of smart glasses and AR technology products with 179 patents and patents pending as well as numerous IP licenses in the video eyewear field, has been part of the many recent accelerated advances in AR. Augmented Reality (AR) had its grand debut among consumers with the infamous, For many, it seems like smart glasses disappeared. We have combined see-through Waveguide optics with our tried and tested M400 design for the next step in augmented reality implementation. While ARâalongside virtual reality (VR)âonly became buzzwords in recent years, this company has been delivering tech solutions to customers for more than 20 years. The company has not set a release date, but analysts expect the wearable device to synchronize with the Apple operating system and its array of devices, including the iPhone and Apple watch. All rights reserved. They are hands-free devices that can be used in nearly all work-related functions. Additionally, in July 2020, Vuzix smart glasses implemented changes to improve a more comfortable use of. ), At the time of this writing, Vuzix has not announced its official fourth-quarter results. The use of Vuzix Smart Glasses facilitates significant gains in … For one thing, Vuzix has an established customer base. Vuzix Corp, despite being a relatively small company by tech-industry standards, is well positioned to benefit from the secular tailwind. Moreover, the company holds 184 patents and patents pending and numerous IP licenses in the video eyewear field. Its products include personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays and augmented reality. China is Apple's fastest-growing market China is behind Europe and the Americas, but is growing at a much more rapid pace. Apple iPhone 8 Plus screen based on IPS LCD technology and able to reproduce 16,777,216 colors with contrast ratio 1300:1 and color of depth – 24 bits. Augmented Reality (AR) had its grand debut among consumers with the infamous Google Inc. (NASDAQ: GOOG) smart glasses "GLASS." In the third quarter of 2020, the company generated $2.8 million in total revenue, marking a 140% increase year-over-year. However, GLASS went under the radar as Google stopped producing them, and many thought this trend would likely take off later. No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. In fact, its products are being used in airports such as Singapore Changi since 2018, and have made significant contributions in the delivery of medical services in the current health crisis. In fact, you'd be surprised to know they are a great asset for many corporations, airports, doctors and even hospitals.Â. Rods & Cones will add the M-Series smart glasses as an additional video capturing device to support optimized remote interactions between surgeons and experts. Wareable verdict: ... 61 Apple Watch features you need to know Outlook on the Wearable Electronics Global Market to 2027 - Featuring Apple, Bose and Epson America Among Others - ResearchAndMarkets.com March 04, … This is a look at Vuzix Corp (NASDAQ:VUZI), an under-the-radar tech stock that has returned more than 500% in the past year. Thinking About Buying Stock In Xpeng, GE, Tesla Or Apple? Pullback Offers Buying Opportunity in Apple (AAPL) on Strong iPhone Demand, Despite Report of Cuts - Morgan Stanley ... About Vuzix Corporation Vuzix is a … (Source: âClorox Deploys Vuzix M400 Smart Glasses to Tackle Operational Challenges Brought Upon by the COVID-19 Pandemic,â Cision PR Newswire, September 25, 2020. © Copyright 2021: Lombardi Publishing Corporation. That would double the $2.0 million of revenues generated in the fourth quarter of 2019. Most people have never heard of it. In fact, you'd be surprised to know they are a great asset for many corporations, airports, doctors and even hospitals.Â, a supplier of smart glasses and AR technology products with 179 patents and patents pending as well as numerous IP licenses in the video eyewear field, has been part of the many recent accelerated advances in AR. Fourth-quarter 2020 revenue represented a new quarterly revenue record for the company:Â. The company comes from an up-and-coming industry. In 2014, China generated $29.846 billion in net sales for Apple -- … The Apple iPhone 8 Plus was introduced on September 12, 2017. If the company can keep up its growth momentum, I wouldnât be surprised to see VUZI stock soar to new highs. The screen is covered by Ion-strengthened protection glass with oleophobic coating. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. © 2021 Benzinga.com. For field services, smart glasses enable remote support. During the latest CES 2021, Vuzix got a lot of buzz with its next-generation smart glasses. Fourth-quarter 2020 revenue represented a new quarterly revenue record for the company:Â, Revenue increased more than 100% year-over-year to over $4.0 million, versus $1.96 million for the Q4 of 2019, comfortably exceeding the Wall Street consensus Q4 revenue estimate of $3.5 million by analysts following the company.Â, Cash exercises of 5,962,571 warrants representing total proceeds of $28.6 million have been received over the last 30 days, bringing the company's pro forma cash balance, based on the company's last reported cash position of $24.9 million in its 10-Q as of September 30, 2020, to approximately $53.5 million, without accounting for negative cash flows incurred from operations since such date.Â, Apple CEO Tim Cook To Testify Alongside Epic's Sweeney In 'Fortnite' Trial. Vuzix has worked to lower the price from the original $1,800 down to below $1,000, just like it said it would. University of Lousiville School of Medicine, Johns Hopkins Hospital ICU, Barcelona Hospital Surgeons, Ohana One International Surgical Aid and Education, University of Rochester Medical Center, University Malaya Specialist Centre (UMSC), Chi-Mei Medical Center in Taiwan and Istanbul University Faculty of Dentistry.