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0.00961538461538462 -0.00913461538461523 0.00951923076923079 -0.00961538461538462 0 -0.00951923076923079 -0.0192307692307692 -0.0790384615384615
Stock impact report

Vuzix Reports Third Quarter 2024 Results [Yahoo! Finance]

Vuzix Corporation (VUZI) 
Last vuzix corporation earnings: 5/10 04:47 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.vuzix.com
Company Research Source: Yahoo! Finance
Reality (AR) technologies, today reported its financial results for the third quarter ended September 30, 2024 , and provided updates on its strategic progress. "During the quarter, Vuzix made meaningful advancements across key areas, including its partnership with Quanta Computer, which delivered the first $10 million tranche of a $20 million multi-phase equity investment. This collaboration is expected to accelerate the development and scaling of next-generation AI smart glasses, expanding Vuzix' reach into the growing OEM market," said Paul Travers , President and CEO of Vuzix. "The Company also continued to scale its waveguide manufacturing capabilities and feels it has a significant competitive advantage given its industry-leading cost efficiency." "At the same time, cost discipline remains a cornerstone of Vuzix' strategy. The Company achieved a 28% year-over-year reduction in quarterly cash operating expenses during the third quarter, enhancing financial efficiency and exte Show less Read more
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