Vuzix Corporation named to Forbes Top 100 U.S. Small Businesses for 2022

Vuzix Corporation (NASDAQ: VUZI) announced that Forbes ranked it among America’s Top 100 Small Businesses for 2022 in its recently released list.

Vuzix was ranked 69th on the list with a 52-week return of 223.7%.

“We are delighted to be recognized as one of the nation’s best small businesses by Forbes,” said Paul Travers, CEO of Vuzix Corporation (NASDAQ: VUZI), in a statement.

READ: Vuzix signs distribution deal with Austrian company, receives first order for smart glasses

“Our success to date has been a team effort and I would like to thank all of our employees for their continued efforts as we approach the emerging AR smart glasses market with some of the best products and technologies in the world,” added Travers .

Forbes identified the top performing companies using data from FactSet, evaluating more than 1,000 companies listed on the stock exchange for over a year, with a market value between $ 300 million and $ 2 billion to find 509 companies who have also experienced positive sales growth over the past 12 months. and a share price of at least $ 5.

The top ranking was determined based on earnings and sales growth, return on equity and total stock return for the past 12 months available and over the past five years, with more weight given to data from the last year.

Vuzix is ​​a leading provider of smart glasses and augmented reality (AR) technologies and products for the consumer and business markets. Its products include personal displays and portable computing devices that provide users with a high quality portable viewing experience, provide solutions for mobility, portable displays and augmented reality.

Vuzix holds 210 patents and pending patents and numerous IP licenses in the field of video eyewear.

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