Vuzix® Corp. (NASDAQ: VUZI) rallied 15% on major volume after announcing a deal with Toshiba Friday morning. With an approximate $123 million market cap, it is rare companies of this size outperform small-cap issuers in our Monthly Stock Challenge.

Vuzix’s slogan is ‘View the Future’.

Vuzix is a leading supplier of Smart-Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets. Their devices provide users a portable high-quality viewing experience, solutions for mobility, wearable displays and virtual and augmented reality.

Note: Vuzix holds 49 patents and 43 additional patents pending and numerous IP licenses in the Video Eyewear field.


Vuzix Rebounds from Multi-Month Decline


The company’s shares have under-performed in recent months following Vuzix’s reported $582,549 in revenues for the three months ended September 30, 2016. This was a decrease from the $970,379 reported for the same period in 2015. The company reported:

“The net loss for the three months ended September 30, 2016, after provision for accrued preferred stock dividends, was ($5,435,576) or ($0.32) per share versus a net loss of ($2,811,348) or ($0.18) per share for the same period in 2015.”

Click here to read the entire press release from November 14th.

Vuzix’s share price has been under steady pressure for months since releasing those financials.


Vuzix – 6 Month Chart

Vuzi Stock Chart

This morning, Vuzix announced it had entered into a development agreement with Toshiba for a customized smart glasses device. Vuzix reported,

“…the Company has signed an agreement to build a customized pair of smart glasses, for Toshiba Client Solutions Co. Ltd. (Toshiba), a wholly owned subsidiary of Toshiba Corporation.”

Click here to read the entire Vuzix press release.

Vuzix jumped 15.6% on volume of 705,944 shares traded. The move was enough to capture the Daily Stock Challenge Breakout award in February’s Stock Challenge.

Member ‘Geopick‘ is the only member above 40% and is sitting with a 47.77% return. There are just two trading days remaining in February. Geopick’s selection of First Global Data has outperformed every stock in February thus far. First Global finished the day at $0.93 – up 5.68% – two pennies below its 52-week high. Click here to read First Global Data Hits New High.

First Global continues to propel Geopick past all members. His combined average return was 9.66% Friday, followed by ‘meathead’s 9.21% return and long-time member ‘agmreporter’s 9.06% return.

If you haven’t registered yet, click here to enter March’s Stock Challenge.

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