What occurred
Vuzix (VUZI 11.38%) had fairly the memorable day on the inventory alternate at the beginning of the buying and selling week. On Monday, shares of the maker of sensible glasses and augmented-reality (AR) merchandise surged greater than 11% increased. That was on information of a brand new cope with an necessary reseller.
So what
Earlier than market open, Vuzix mentioned that its sensible glasses have began to be deployed by value-added reseller Ox to an entity described as “one of many world’s largest logistics platform suppliers.” The corporate didn’t establish this entity.
Vuzix didn’t present any monetary particulars of the association. However it did quote its administration waxing very enthusiastic in regards to the deal. CEO Paul Travers mentioned, “Ox is pursuing a number of buyer alternatives utilizing our sensible glasses at this level, and we look ahead to their continued success with this buyer and different blue chip companies.”
Now what
Whatever the dimension, scope, or greenback quantity of the deal, it is undoubtedly a win for Vuzix. As an organization dependent upon success with its next-generation merchandise, it is important to get these items out into the market the place they can be utilized in the true world, and the place their status can unfold.
But a phrase of warning is warranted right here: Like many younger(ish) tech firms, Vuzix has a lengthening historical past of posting bottom-line losses. For instance, in its most just lately reported quarter, it posted a greater than $9 million internet loss on income of barely over $3.4 million. Sooner relatively than later, buyers will count on these unfavourable bottom-line numbers to flip constructive, and the corporate must ship.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure coverage.
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