Vuzix: December 6, 2021Vuzix named one of America’s Best Small Businesses by Forbes

Press release

Vuzix named one of America’s Best Small Businesses by Forbes

ROCHESTER, NY, December 6, 2021 – Vuzix® Company (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading provider of smart glasses and augmented reality (AR) technology and products, today announced that Forbes has ranked it among the top 100 top U.S. small businesses for 2022 in its recently released report listing. Vuzix was ranked 69e on the list with a 52-week return of 223.7 percent.

Vuzix Shield ™ smart safety glasses to showcase at CES 2022

Forbes identified top performers using data from FactSet, evaluating over 1,000 companies that have been publicly traded for over a year, with a market value of between $ 300 million and $ 2 billion to find 509 companies which have also seen 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 most recent year.

For the full list of Forbes Best Small Businesses, please visit: https://www.forbes.com/lists/best-small-cap-business / # 1c5b940847db.

“We are delighted to be recognized as one of the best small businesses in the country by Forbes,” said Paul Travers, President and CEO of Vuzix. “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 thethe best products and technologies in the world. “

About Vuzix Corporation

Vuzix is ​​a leading provider of smart glasses and augmented reality (AR) technologies and products for the consumer and enterprise markets. The company’s products include personal display and clothing

Press release

computing devices that provide users with a high-quality portable viewing experience, provide solutions for mobility, portable displays and augmented reality. Vuzix holds 233 patents and pending patents and numerous IP licenses in the field of video eyewear. The company has won innovation awards at the Consumer Electronics Show (or CES) for the years 2005 to 2022 and several innovation awards in wireless technology, among others. Founded in 1997, Vuzix is ​​a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan. For more information, visit the Vuzix website, Twitter and Facebookpages.

Disclaimer Regarding Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. The forward-looking statements contained in this press release relate to Vuzix smart glasses and, among other things, the company’s leadership in smart glasses and AR display. They are usually identified by words such as “believes”, “may”, “expects”, “anticipates”, “should” and similar expressions. Readers should not place undue reliance on these forward-looking statements, which are based on the Company’s beliefs and assumptions as of the date of this release. The actual results of the Company could differ materially due to risk factors and other items described in more detail in the “Risk Factors” section of the Company’s annual reports and MD&A filed with the Securities and Exchange. Commission of applicable United States and Canadian Securities Regulatory Authorities (copies of which can be obtained at www.sedar.com Where www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changes in events or circumstances occurring after the date of this press release, except as required by applicable law.

Vuzix media and investor relations contact:

Ed McGregor, Director of Investor Relations, Vuzix Corporation [email protected]

Phone. : (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,

Investor Information – [email protected] www.vuzix.com

Disclaimer

Vuzix Company published this content on 06 December 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 06 December 2021 09:11:12 PM UTC.

Public now 2021

All the news of VUZIX CORPORATION

Analyst Recommendations on VUZIX CORPORATION
Sales 2021 13.8 million

Net income 2021 -31.4 million

Net cash position 2021 125 million

PER 2021 ratio-18.9x
Yield 2021
Capitalization 617 million
617 million
VE / Sales 202135.5x
VE / Sales 202220.5x
Number of employees99
Free float92.9%

Duration :

Period:

Vuzix Corporation Technical Analysis Chart |  MarketScreener

Trends in technical analysis VUZIX CORPORATION

Short termMid RoadLong term
TendenciesBearishBearishNeutral

Evolution of the income statement

To sell

To buy

Average consensusTO BUY
Number of analysts3
Last closing price

$ 9.69

Average price target

$ 25.00

Spread / Average target 158%


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