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Special: This Company’s Share Price has Increased 1650% Since 2016

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An Augmented Reality Company Could Deliver a 48% Gain

An Augmented Reality Company Could Deliver a 48% Gain

Many experts believe augmented reality is the operating system of the future.

  • Special: This Company’s Share Price has Increased 1650% Since 2016
  • According to International Data Corporation (IDC), global spending on AR/VR is forecasted to reach $20.4 billion this year. This is a nearly 70% jump over 2018. Moreover, worldwide spending on AR/VR products is projected to grow at a compound annual growth rate (CAGR) of 70% through 2022.

    Vuzix Corporation (Nasdaq: VUZI) designs, manufactures, markets, and sells wearable display devices in the United States and internationally. Its wearable display products include augmented reality (AR) smart glasses for various enterprise and commercial users and applications; and video viewing glasses for on-the-go users as mobile displays for entertainment and gaming.

    GlobeNewswire reported,

    “According to the Company’s December report, Vuzix has more than 16,000 smart glasses in the field.

    In a recent 8K filing, Vuzix entered into a master reseller agreement with Verizon Sourcing LLC.

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  • Vuzix will sell to Verizon, Verizon affiliates and sub-resellers, the Company’s smart glasses products including Vuzix M300XL Smart Glasses and M-Series related accessories, Vuzix Blade Smart Glasses and Vuzix Basics Video. The Company expects to start receiving purchase orders under the master reseller agreement in the second quarter of 2019.

    Vuzix also has relationships with other tech leaders, announcing in late February the debut of Vuzix’ next generation enterprise smart glasses, the M400, one of the first products made commercially available using the Qualcomm® Snapdragon™ XR1 platform.

    Leading up to this next phase of growth, Vuzix also just reported it has been assessed and certified as meeting the requirements of ISO 9001:2015 for design and manufacture of wearable display technology, virtual reality and augmented reality products.”

    PR Newswire shared recent management commentary:

    Paul Travers, President and CEO of Vuzix, said: “2018 was a year of continued product development and customer engagement for Vuzix.

    On the product side, we introduced an improved version of our M300 Smart Glasses with the M300XL in November and advanced the development and production of our Blade Smart Glasses and ecosystem to meet emerging enterprise and consumer demand.

    As for customer engagements, we experienced continuing growth over the past year and issued our first quotations in the ten million plus dollar range. The long-anticipated industry ramp of AR glasses finally seems to be at hand and Vuzix is as well-positioned as any in the industry to capitalize on it.”

    Travers continued, “Operationally, we continued to steadily grow our top-line in our fourth quarter of 2018, achieving Q4 year-over-year revenue growth of 24% on increased sales of our AR smart glasses, and continued our ongoing evaluation of operating expenses to ensure the most rapid path to profitability possible.”

    This next-generation augmented reality company could prove to be profitable for investors.

    VUZI daily chart

    VUZI should be considered a buy if momentum increases.

    Look for an entry at $3.74 with a price target of at least $5.56 based on the pattern in the chart.

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