Vuzix Corporation, a leading provider of AI-driven smart glasses, waveguides, and Augmented Reality (AR) technologies, announced its financial results for the fourth quarter and full year of 2024. CEO Paul Travers highlighted the company’s achievements in product innovation, technology, customer engagement, and strategic partnerships, including a significant investment from Quanta Computer. Vuzix also made advancements in waveguide designs and manufacturing capabilities to position itself as a key player in the growing AI/AR smart glasses market. Despite slower adoption in target markets, the company remains optimistic about the future, citing new partnerships, increased customer demand, and opportunities in the ODM/OEM sector. Vuzix is poised to capitalize on the market growth in wearable technology driven by AI-powered smart glasses and AR technology in 2025 and beyond. For more information and important risk factors, readers are encouraged to consult Vuzix’ Form 10-K for the year ended December 31, 2024. Below are unaudited figures for the three months ended December 31, 2024, and audited figures for the twelve months ended December 31, 2024:

– Sales of Products: $1,069 (2024) and $722 (2023) for the three months ended December 31; $4,487 (2024) and $10,760 (2023) for the twelve months ended December 31.
– Sales of Engineering Services: $204 (2024) and $295 (2023) for the three months ended December 31; $1,267 (2024) and $1,369 (2023) for the twelve months ended December 31.
– Total Sales: $1,272 (2024) and $1,067 (2023) for the three months ended December 31; $5,755 (2024) and $12,129 (2023) for the twelve months ended December 31.