OEM and Enterprise Engagement Growth
Vuzix is actively engaged with a growing number of OEM and enterprise partners, with significant developments in relationships, technologies, and solutions, positioning the company for sustained revenue growth.
Strategic Collaboration with Quanta
Vuzix's collaboration with Quanta is expanding, with ongoing development around smart glasses and OEM reference platforms. Vuzix is on track to meet performance milestones required for further investment from Quanta.
Waveguide R&D and Tooling Facility Acquisition
Vuzix acquired a state-of-the-art waveguide R&D and tooling facility in Milpitas, California, which enhances their capability to support customers with high-quality waveguide solutions.
AI-Driven Smart Glasses Designs
Vuzix introduced new AI-driven smart glasses designs at CES 2025, offering advanced functionalities and building on their core strengths in waveguide optics and AI-enhanced wearable computing.
Enterprise Market Success
Vuzix's smart glasses helped Nadro realize over 30% improvements in order picking efficiency, and Moviynt's software showed productivity improvements of up to 250% in certain warehouse applications.
Financial Position and Cash Flow Improvement
Vuzix reported a net loss reduction from $10 million to $8.6 million year-over-year, with cash flows used for operating activities significantly improved from $8.8 million to $3.5 million.