Vuzix Corp. (OTCBB:VUZI) Advances Towards The $4 Per Share Mark

[[tagnumber 0]][[tagnumber 1]]After a long time of tumbling down the charts in the second half of September and the beginning of October Vuzix Corp. (OTCBB:VUZI) has had a great run and is once again reaching for the $4 per share mark.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we have stated in our previous articles, [[tagnumber 6]]VUZI [[tagnumber 7]]is one of the rare companies in the OTC markets that actually has not one, but several working products in an industry where there are not that many competitors. Also, the company is in a rather decent financial state, despite it being unable to operate at a profit from its operations.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Here is a quick recap of the numbers of prime interest contained in [[tagnumber 6]]VUZI’s [[tagnumber 7]]report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $1.97 million[[tagnumber 19]] [[tagnumber 18]]current assets: $4.84 million[[tagnumber 19]] [[tagnumber 18]]current liabilities: $3.11 million[[tagnumber 19]] [[tagnumber 18]]total liabilities: $13.31 million[[tagnumber 19]] [[tagnumber 18]]revenues: $723 thousand[[tagnumber 19]] [[tagnumber 18]]loss from operations: $925 thousand[[tagnumber 19]] [[tagnumber 18]]net income: $239 thousand[[tagnumber 19]] [[tagnumber 32]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite the fact that [[tagnumber 6]]VUZI [[tagnumber 7]]did manage to write in a net income of $239 thousand we want to point out that it was due to gain on derivative valuation and not from actual operations. Still, the company’s latest press releases suggest that [[tagnumber 6]]VUZI [[tagnumber 7]]might grow quite big pretty soon.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]On November 11 the company announced that its M100 smart glasses are the first to receive a Certification For Sale from the China Quality Certification Center, which puts them ahead of competitors in the one of the largest consumer markets.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This led to an immediate investor reaction and the ticker climbed 6.63% during the session while the 205 thousand shares that changed their owners generated $807 thousand in daily dollar volume. Yesterday the ticker added 6.76% more to its value but the trading was lower and [[tagnumber 6]]VUZI[[tagnumber 7]] recorded $400 thousand in trade value, while it closed at $3.99 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company also made another announcement before yesterday’s market open which informed us that their V–720 Mobile Gaming Platform had received four 2015 CES Innovation Awards the previous day.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session, however, is going slightly slower and as of the writing of this article [[tagnumber 6]]VUZI [[tagnumber 7]]is sitting a mere 0.25% up at $4 per share. Still, the company has potential to grow, considering the news, the balance sheet and the current market cap of $42 million, which is small compared to other OTC companies that have far less to show.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]That, however, doesn’t mean that you should skip on doing your due diligence and weighing out the risks before making any investment decisions.[[tagnumber 2]]