Vuzix, Corp. (OTCBB:VUZI) Revs Up Above $2.50
Just when Vuzix, Corp. (OTCBB:VUZI) was starting to look shaky, and we were ready to leave it behind, the financial results pleased investors and ignited buying again. VUZI grew by more than 16%, easily breaking through to $2.52 on buying volumes above $1.1 million. 
The newest financial results of VUZI may give an indication whether the company is ready with resources to uplist to NASDAQ. On the whole, the results are still on the scales:
- $80,922 cash
- $1.2 million total current assets
- $7.9 million total current liabilities
- $700,195 total sales
- $1.65 million net loss
The same quarter of 2012 came with a quarterly gain, but that was because of an extraordinary divestment sale of discontinued operations. So far, VUZI and its virtual reality glasses have stepped into stability, verging on stagnation. And now that Google Glass has delayed the launch of its product, the sector may continue to live in relative obscurity, serving niche demand for virtual reality software and hardware.
Still, there are predictions that VUZI could spike as far as $20, being easily at $5 before it offered shares and warrants, burning down the stock price to $2. The ticker still stays unpromoted, though the press releases and the momentum may magnify the growth.
Several tickers with solid technological offerings are among the most active penny stocks, and ImageWare Systems, Inc. (OTCMKTS:IWSY) is still among them, though with more tentative steps. IWSY trades with medium volumes, about $570,000, reaching $2.58 with a small increment of 3%. IWSY is not promoted, and the interest is self-driven even at a relatively high price. A press release could work to the stock’s benefit.
And the 3D printing wonder that spiked and fell, Sigma Labs, Inc. (OTCMKTS:SGLB) is making a comeback, rising from 3 to 7 cents in the past two weeks as buying volumes grow little by little.
Tech companies will always appear on the penny stock markets, but it is best to choose the right price and market tier, and know of your preferred time frame. Keep in mind that tech stocks will correct sharply more often than not, and plan your investment accordingly.
