VUZI | Vuzix Seeing Increased Volume With Smart Glasses

penny stocks for 2013, VUZI stock, VUZI, OTC VUZI, Vuzix Corporation, Remember when the Oakley MP3 shades came out and were supposed to revolutionize portable music players? Too early and not sophisticated enough for the money. Well, 2013 appears (no pun intended) set to become the year of wearable computing and those gadgets which fit the bill and are properly designed, unlike Google’s augmented-reality Project Glass eyewear. Such is the case for a specialist in the field, Vuzix Corporation (OTC: VUZI), is so ready for the boom that investors have been taking small pieces over the last few sessions. With news out Thursday that their M100 Smart Glasses have been shipped to developers to start developing and testing their apps is a good reason to start tracking VUZI stock.

Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!

penny stocks for 2013, VUZI stock, VUZI, OTC VUZI, good penny stocks, best penny stocks, OTC penny stocks, penny stock picks, penny stocks to buy, penny stock to buy, penny stock alerts, penny stock to watch, tech stocks for 2013, Vuzix Corporation, Vuzix stock, Vuzix tickerVUZI Stock Chart

Market Cap: 18.57M
Last: 0.07  0.004 (6.06%)
Volume: 323,848
Dollar Volume: $22,426
Open: 0.07
High: 0.07
Low: 0.067
Trades: 24
Authorized: 700,000,000
Issued and Outstanding: 265,259,348

Looking for Hot Penny Stocks?
here and get FREE Penny Stock Alerts

Momentum and volume have picked up since the start of the new year despite the fact that on November 30, 2012, Vuzix Corporation held a special meeting of stockholders which approved to effect a reverse split of VUZI stock of not less than 1-for-25 and not more than 1-for-150. The reverse split is said to take place some time before June 30, 2013. Perhaps the trading activity has increased due to the fact that the eyewear maker is looking to report net income for the year ended December 31, 2012.

On June 15, 2012, Vuzix sold and licensed its assets that made up its tactical defense group, a portion of their business which dealt directly and indirectly to military, defense and security organizations. The business unit, the Company’s Tac-Eye displays and its night vision electronics and optics module products, was sold for $8,345,793 gross resulting in a $5,837,607 gain on the sale of the asset. The purchasers then licensed the rights to sell the products back to Vuzix which allows for an additional $2.5 million to be received if, and only if, certain quarterly and annual revenue targets are achieved. Translation: Vuzix has some working products that are already in the marketplace.

As of September 30, 2012, Vuzix had reported $2,517,222 for the nine months ended September 30, 2012 compared to $2,917,829 for the same period in 2011, a decrease of 14% for the nine month period 2012 as compared to 2011. Consumer Video Eyewear product sales decreased to $2,071,122, 82% of total sales, for the nine months ended September 30, 2012 compared to $2,358,223, 81% of the Company’s total sales, as compared to the same period in 2011.

With the M100 Smart Glasses now having been shipped out to developers, the moves being made by Vuzix all seem to be timed correctly to make a big impact on the consumer market in 2013. Just be aware that a reverse stock split is already approved which is beneficial to investors, detrimental to short term traders.

About VUZI Stock

Vuzix Corporation is engaged in the design, manufacture, marketing and sale of wearable eyewear products for use as an alternative private display solution in markets where portability and high resolution are key. The Company’s products, known commercially as Video Eyewear, aka head mounted displays, wearable displays, video glasses, personal viewers, and near-eye displays, are worn like eyeglasses and contain micro video displays that offer users a portable high-quality viewing experience. Click here to view the SEC filing for VUZI, here to view their website.

Last 5 Trading Sessions:

Date Last Change % Change Volume
01/03/13 0.0660 +0.0060 +10.00% 307,900
01/02/13 0.0600 +0.0100 +20.00% 66,100
12/31/12 0.0500 -0.0100 -16.67% 31,000
12/28/12 0.0600 +0.0075 +14.29% 11,200
12/27/12 0.0525 -0.0075 -12.50% 173,700


Bottom Line: VUZI was on our penny stocks for 2013 to watch list during the latter part of 2012. Seeing as how the volume has increased significantly since the start of the new year, VUZI stock is a must have on the watch list until the RS is effected.

Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter

If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks

(We are 100% Anti-Spam and will never rent or sell your information)

Last updated by at .

  Recent Penny Stock News