{"content":[{"text":"May 10, 2021","bbox":{"left":0.098039,"top":0.06867,"width":0.11872899999999999,"height":0.016926999999999998}},{"text":"Vuzix Reports Record Smart Glasses \n Revenues in 1Q21","bbox":{"left":0.098039,"top":0.172378,"width":0.6908890000000001,"height":0.06889199999999998}},{"text":"Vuzix smart glasses revenues for the quarter increased 177% year-over-year","bbox":{"left":0.098039,"top":0.262799,"width":0.667605,"height":0.016927000000000025}},{"text":"ROCHESTER, N.Y., May 10, 2021 /CNW/ -- Vuzix® Corporation (NASDAQ: VUZI) (\"Vuzix\" \n or the \"Company\"), a leading supplier of Smart Glasses and Augmented Reality (AR) \n technologies and products, today reported its first quarter results for the period ended March \n 31, 2021.","bbox":{"left":0.098039,"top":0.295943,"width":0.799316,"height":0.07090400000000002}},{"text":"\"Vuzix reported record smart glasses sales of $3.8 million as an increasing number of our \n customers continued to place larger and more frequent orders for our Smart Glasses,\" said \n Paul Travers, President and CEO of Vuzix. \"Sales of our workhorse M400 Smart Glasses \n tripled versus the prior year's comparable quarter and we are seeing a broadening array of \n use cases emerging from literally every corner of the world. Sales of our Vuzix Blade® \n Smart Glasses offering were also stronger, rising 54% over the prior year's comparable \n period as the Blade's stereo audio, autofocus camera, and now standard safety rating \n features are generating increasing usage and interest from a growing number of enterprise \n customers who are experiencing demonstrable ROI courtesy of the Blade.\"","bbox":{"left":0.098039,"top":0.687041,"width":0.786679,"height":0.16086699999999998}},{"text":"\"Following further warrant exercises in our first quarter and our late March equity offering, \n our balance sheet is now stronger with pro forma cash of roughly $145 million as of April 1, \n which puts us in an excellent position to not only fund projected growth and planned product \n development, but also to broaden our product offerings through potential strategic \n initiatives,\" concluded Mr. Travers.","bbox":{"left":0.098039,"top":0.864125,"width":0.796062,"height":0.08889599999999998}}],"images_bbox":[{"left":0.618873,"top":0.068182,"width":0.283088,"height":0.08428},{"left":0.098039,"top":0.382576,"width":0.367647,"height":0.285038}],"images_bbox_not_text_overlap":[{"left":0.618873,"top":0.068182,"width":0.283088,"height":0.08428},{"left":0.098039,"top":0.382576,"width":0.367647,"height":0.285038}]}