NSDQ: VUZI
NSDQ: VUZI
Veteran Analyst from Dawson James Securities Says This $4.00 (4/20/23) Leading Tech Stock Could Climb Over 275% to Reach $15.00 a share…
But could a potential Short-Squeeze take it even higher? Read why now could be the best time to start your research on Vuzix® Corporation (NASDAQ: VUZI)
6 Reasons Why Vuzix Corp. is Delivering on their Promise as One of the STRONGEST Names in the Metaverse:
Augmented reality companies—and especially Vuzix (NSDQ:VUZI)—were some of the biggest “hidden” winners of 2021 …
Because even as trendy investments like NFTs dominated the headlines, Vuzix made a few key moves that inched the company closer and closer towards “mass adoption” potentially as early as 2022-23.
According to news from ReportLinker, the red-hot AR market is already growing at a rate of over 31% per year, on track to a whopping $88 Billion by 2026!
VentureBeat has gone as far as to say that AR, and not VR (virtual reality), will be the real heart of the new metaverse.
That news might come as a surprise to many consumers, who have been overlooking the wide variety of commercial, enterprise and manufacturing uses for AR. For most of us, Google’s failed “Google Glass” project is as close as we’ve gotten to real-world AR.
THE TRADE OPPORTUNITY
The $1 Trillion (AR) Opportunity
Every advance in computing typically faces two issues critical to adoption—convenience and engagement. Before smartphones, for example, we used cell phones to text, call, and perhaps play brickbreaker.
Today, smartphones are our primary computing devices, thanks in part to capabilities like multi-touch that are more convenient and interactive than desktop computers.
Augmented Reality (AR) heralds another digitally-enhanced real-world experience. AR layers real-time 3D computer-generated graphics onto the physical world. In 10 to 20 years, some believe that augmented reality (AR) will be key to wearable computing platforms.
In their infancy, many consumer-facing AR experiences are native to smartphones. Use cases range from shopping to gaming. According to research compiled by ARK Invest, the AR market totaled $1.2 billion at the end of 2021—a drop in the $710 billion media market bucket.
Augmented Reality (AR) is likely to transform how we work, shop, play, and connect with the world around us. Again, according to research compiled by ARK Invest, the market capitalization associated with augmented reality could scale from $1 billion today to roughly $1 trillion by 2030.
One company that could be extremely well positioned for this opportunity is Vuzix® Corporation (NASDAQ: VUZI).
Driven By High Quality Tech
But with Vuzix (NSDQ: VUZI) glasses, professionals get a hands-free, distraction-free alternative with all the practical computing power of a modern smartphone (even including the Android 11 Operating System).
That means everything from teleconferencing to support calls, operations management and even telemedicine can now be done hands-free with easy-to-use 2-way camera support.
Augmented Reality has established itself as a powerful new tool, so powerful that even Verizon has JUST announced a new partnership with Vuzix (NSDQ: VUZI).
That means even though they’ve been a market leader for almost a decade—Vuzix could soon be at the point of becoming a household name …
Vuzix Corp. is Delivering on the Promise of Workplace AR And Leading the Market Toward an $88 Billion Future
Vuzix is a leading supplier of Smart-Glasses and 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 also holds around 179 patents, patents pending, and numerous IP licenses in the Video Eyewear field. The company has also won Consumer Electronics Show (CES) awards for innovation from the years 2005 to 2020, and several other wireless technology innovation awards
All of this exposes Vuzix to an industry projected to grow at a CAGR of around 31% to approximately $88 billion by 2026, according to analysts at Gartner
AR has already begun to revolutionize life and business as we know it. But it may just be getting started.
Such technology allows us to superimpose sounds, images, text over real-world scenarios. In medical training, for instance, AR allows us to utilize 3D anatomical learning. In addition, according to Fortune, AR can be used by surgeons to alert them to potential risks or hazards during surgery. It can even be used to find patient veins!
Even Apple’s Tim Cook argues that augmented reality is “the next big thing,” adding, “I’m excited about AR. My view is that it’s the next big thing, and it will pervade our entire lives.”
But smart glasses may have the most demand and growth potential in the entire sector.
“The Smart Augmented Reality (AR) Glasses market in the U.S. is estimated at 64.2 Thousand Units in the year 2020. The country currently accounts for a 30.97% share in the global market. China, the world's second-largest economy, is forecast to reach an estimated market size of 4.4 Million Units in the year 2027 trailing a CAGR of 98.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 93.8% and 89.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 70.7% CAGR while Rest of European market (as defined in the study) will reach 4.4 Million Units by the year 2027.”
Report Linker
Vuzix Corp. is Primed for AR Dominance:
Over the last few weeks, the company:
- Announced it is expanding its M400 Smart Glasses market availability to approximately 54 countries.
- Received smart glasses orders from Pixee Medical to support European commercialization of AR smart glasses for orthopedic surgery.
- Upgraded its support for Zoom, Skype, and Webex.
- Received smart glasses orders from 1Minuut Innovation in response to healthcare needs in the Netherlands.
- Entered into the research of blood cells at Newcastle University.
- Had its glasses used during remote student learning at the Istanbul University Faculty of Dentistry.
- Received orders from a U.S. Defense Contractor to help develop customized Waveguide-based optic engine.
- Assisted University of Rochester Medical Center surgeons with AR glasses.
You can see more of the company’s accomplishments here: https://www.vuzix.com/News
Wall Street is Fighting over Vuzix
Shockingly, there are no FDA-approved prescription products for hemorrhoids at the moment.16
However, that could soon change with Citius’ halobetasol and lidocaine formulations.
Hemorrhoids are an uncomfortable and often recurring condition. However, despite the numerous prescription and over-the-counter (OTC) products commonly used to treat hemorrhoids, none possess the necessary safety and efficacy data generated from rigorously conducted clinical trials.
Citius believes its halobetasol-lidocaine product could one day become that go-to treatment for physicians wanting to provide patients with a therapy demonstrating safety and efficacy.16
Program Highlights20
- There are no FDA-approved prescription products on the market for hemorrhoids
- Citius’ halobetasol and lidocaine formulation could become the first FDA-approved prescription product to treat hemorrhoids in the United States
- According to IMS, over 25 million units of topical combination prescription products for are sold in the US
It’s obviously impossible to tell who’s been shorting the stock—but we can see who’s been taking the long side of the trade, which is a veritable “Who’s who” of major funds including Cathy Woods’ ARK Investment Group, BlackRock, Vanguard and more:
On the day the company’s Verizon deal was first announced, some 11,000 options flew across the tape—that’s six times the daily average. That’s due in part to a Schaeffer’s Volatility Index (SVI) score of 80%, which indicates investors are pricing in relatively low volatility, which in turn keeps options prices relatively low on the stock.
Strong Leadership, Strong Results
Successful companies tend to possess common traits, and one of those traits is a strong management team. Vuzix Corp. (NSDQ:VUZI) certainly has that covered well.
Paul J. Travers | CEO, President and Director
Paul Travers was the founder of Vuzix and has served as our President and Chief Executive Officer since 1997 and as a member of our board of directors since November 1997. Prior to the formation of Vuzix, Mr. Travers founded both e-Tek Labs, Inc. and Forte Technologies Inc.
He has been a driving force behind the development of our products. With more than 30 years' experience in the consumer electronics field, and 25 years' experience in the virtual reality and virtual display fields, he is a nationally recognized industry expert. He holds an Associate degree in engineering science from Canton, ATC and a Bachelor of Science degree in electrical and computer engineering from Clarkson University.
Grant Russell | CFO, Executive Vice President, Treasurer and Director
Grant Russell has served as our Chief Financial Officer and Executive Vice President since 2000 and as a member of our board of directors since April 2009. From 1997 to 2004, Mr. Russell developed and subsequently sold a successful software firm and a new concept computer store and cyber café.
In 1984, he co-founded Advanced Gravis Computer (Gravis), which, under his leadership as President, grew to become the world's largest PC and Macintosh joystick manufacturer with sales of $44 million worldwide and 220 employees. Gravis was listed on NASDAQ and the Toronto Stock Exchange.
In September 1996 it was acquired by a US-based Fortune 100 company in a successful public tender offer. Mr. Russell holds a Bachelor of Commerce degree in finance from the University of British Columbia and is both a US Certified Public Accountant and a Canadian Chartered Professional Accountant.
Shane Porzio | Vice President Engineering
Shane Porzio has been with the Company for more than ten years and has more than 13 years of experience in architecture of systems and designs for hardware and software. His previous employment was at Lockheed Martin where he served as a Hardware Engineer. Mr. Porzio has BS in Computer Engineering Technology from Rochester Institute of Technology and his MS in Computer Science from Rochester Institute of Technology.
More from The VUZI Company Website
VUZIX WAVEGUIDES, OPTICS AND DISPLAY ENGINES
Vuzix is a leader in Optics technology for near eye displays and one of the largest suppliers of smart glasses in the world. We have a reputation across the smart glasses industry for creating market-leading technology and high-quality products that are protected by 146 patents and patents pending.
Our smart glasses and component technologies are the result of extensive research, design, and development, which we then supplement through OEM partnerships with major tech companies. Our light thin and ergonomic Waveguide designs coupled with our innovative optics for display engines create some of the most desirable and adaptable products. We provide full customer ready solutions, modular sub-systems, or even full custom Waveguide with display engine designs.
WAVEGUIDES, OPTICS & DISPLAY ENGINES
Our world-class research and development have resulted in market-leading Waveguide optic technology. Our world class optics team specializes in custom solutions from full system designs to basic Waveguides for use in third party solutions.
We are experts at directing the light where it needs to be in a compact, efficient package. Vuzix is at the forefront of the smart glasses industry, providing smaller, lighter and more efficient display engines to the market. We provide high-resolution displays without obstruction.
SMART GLASSES
Smart glasses employing Waveguide-based optics have many enterprise and commercial uses such as warehousing, remote support, manufacturing, navigation, entertainment, gaming and learning. The possibilities for this technology are constantly growing and evolving with the changing demands of industry.
6 Reasons Why Vuzix Corp. is Delivering on their Promise as One of the STRONGEST Names in the Metaverse:
- Vuzix is the global leader in smartglasses and AR technology, and they have just partnered with 5G Giant Verizon for a new project yet to be announced10, while filling massive orders from Fortune 50 retailers.
- By 2021, around one-third of enterprises may deploy a multi-experience platform to support augmented reality development, say analysts at Gartner.
- The industry is expected to grow rapidly at a CAGR of over 31% to approximately $88.4 billion by 2026.
- In the near future, demand for Smart AR glasses is expected to reach about 20 million to 31 million units.
- Vuzix revenues were up approximately 156% year over year from around $1.2 million to about $2.8 million thanks to sales of the company’s smart glasses. Gross margins were also 47% in 2020.
- Vuzix is ready to steal the show at 2022’s big Consumer Electronics Show (CES), after multiple years of award-winning appearances16, generating massive buzz for their hottest new models.
Sources
Source 1: https://arpost.co/2020/09/25/augmented-reality-gartners-hype-cycle/
Source 2: https://emtemp.gcom.cloud/ngw/globalassets/en/publications/documents/top-tech-trends-2020-ebook.pdf
Source 3: https://seekingalpha.com/article/4393574-vuzix-gaining-momentum-ready-for-another-look
Source 4: https://www.analystratings.com/articles/chardan-capital-sticks-to-their-buy-rating-for-vuzix-corporation-vuzi/
Source 5: https://www.baystreet.ca/stockstowatch/8602/These-Could-be-2020s-Top-Augmented-Reality-Companies
Source 6: https://www.globenewswire.com/news-release/2020/07/13/2061334/0/en/Global-Smart-Augmented-Reality-AR-Glasses-Industry.html
Source 7: https://www.vuzix.com/News
Source 8: https://apnews.com/article/business-technology-new-york-products-and-services-intellectual-property-b543b4b1ce99c7ac2824d39c8e48cbc4
Source 9: https://seekingalpha.com/article/4393574-vuzix-gaining-momentum-ready-for-another-look
Source 10: https://www.engadget.com/verizon-vuzix-ar-partnership-211550397.html
Source 11: https://www.yahoo.com/lifestyle/augmented-reality-market-valued-usd-111700555.html
Source 12: https://venturebeat.com/2021/12/28/future-augmented-reality-will-inherit-the-earth/
Source 13: https://www.fool.com/investing/2021/04/05/why-vuzix-stock-jumped-32-in-march/
Source 14: https://www.schaeffersresearch.com/content/options/2021/12/27/options-bulls-blast-vuzix-stock-on-verizon-partnership
Source 15: https://www.prnewswire.com/news-releases/vuzix-receives-and-delivers-significant-follow-on-smart-glasses-order-to-fortune-50-global-retailer-to-support-warehousing-and-logistics-operations-301451258.html
Source 16: https://www.vuzix.com/blogs/vuzix-blog/vuzix-next-gen-smart-glasses-win-big-at-ces-2021
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