Vuzix Corporation (Tokyo branch location: Minato-ku, Tokyo, Tokyo branch manager: Keiichiro Fujii) will report financial results for the second quarter of the period ended June 30, 2021.
The following is a comment from our President and CEO, Paul Travers.
2021 has been and will continue to be a transformative year for Vuzix.
With approximately $138 million in cash as of mid-year, the company has expanded its management, R&D and sales teams and established a new SaaS-based Integrated Solutions business unit.
We will also strengthen and expand our business model from primarily focusing on being an industry leader in smart glasses hardware to becoming a broader solutions provider in various high-growth market segments. We are actively pursuing the strategic leadership of
In the second quarter, we spent a significant amount of time identifying the most pressing needs of our largest underlying customers and initiating the necessary expansions for our operations.
We have established a foundation for Vuzix smart glasses to effectively support these customers in large-scale deployments, as well as other specific markets where we have demonstrated leadership in broad smart glasses deployments.
Second quarter smart glasses sales increased 21%, with core smart glasses business continuing to grow steadily.
The healthcare portion of our business continues to accelerate, and smart glasses are now an example of their utility in healthcare in an ever-expanding array of surgical procedures in nearly 1,000 operating rooms around the world. used. "
The following table compares the summarized elements of our unaudited condensed consolidated income statement data for the three months ended June 30, 2021 and June 30, 2020, respectively.
See the English release below for details.
https://ir.vuzix.com/news-events/press-releases/detail/1905/vuzix-reports-continued-smart-glasses-growth-in-2q21
---
About Vuzix Corporation
VUZIX is a leading supplier of video eyewear and smart glasses products to the consumer, commercial and entertainment markets.
The company's products include personal display devices that provide users with a portable, high-quality visual experience, and wearable computing devices that provide solutions for virtual and augmented reality.
VUZIX holds 210 patents and pending patents in the field of video eyewear.
The company has received the Consumer Electronics Show's "Innovation Award" from 2005 to 2020 in various wireless technology-related awards.
Founded in 1997, VUZIX is a NASDAQ-listed company (Nasdaq: VUZI) with offices in Rochester (NY), Oxford (UK) and Tokyo (Japan).
Product names and company names are trademarks or registered trademarks of their respective companies.
Category
Related Articles
Hot Articles