Vuzix Corp. (OTCBB:VUZI) Roars Upward on Product Launch News
Like many other OTC tickers, Vuzix Corp. (OTCBB:VUZI) moved out of the summer doldrums and revived after September. We have not visited VUZI since August, and it seems like there is new activity lifting the ticker to better positions, though still with some shaky days of temporary correction. On Monday, VUZI added more than 21% to $2.79, on dollar volumes of above $756,000. The last time VUZI tried to hold onto the $3 levels, it all ended with a crash, but now a robust day recalled those positions. 
VUZI started Tuesday with a new PR reminder, and before that was lifted by a new round of financial news. The company claims it started shipping of its M100 Smart Glasses, a gaming and interaction wearable device that recalls the model of Google Glass. 
Thus, despite the depressed stock, VUZI looks like a more solid company, showing in its latest filings:
- $2.56 million cash
- $4.53 million total assets
- $3.69 million total current liabilities
- $301K sales
- $1.85 million net loss
It seems VUZI is making some progress, though still with enough losses and debt to slog through. On the plus side, VUZI has not been promoted in emails for two years now, which creates less price disproportion.
Still, investors are abuzz with the company’s potential, and the fact that the smart glasses are already inviting app writers. The product launch will probably hold VUZI over at least a few days, and VUZI will remain in the spotlight as it is expected to log the sales and earnings for a product that goes ahead of Google Glass sales.
Compared to VUZI, recent entertainer 3D Eye Solutions, Inc. (OTCMKTS:TDEY) looks like an amateur job, with its single app that made no real sales. Still, TDEY was just a hot risky double-zero bid, though with a refined message in technological jargon, flying high for a while.
Not even a viable product is any guarantee. Fresh Healthy Vending International, Inc. (OTCBB:VEND) had all the possibilities for robust sales, but a paper and email campaign boosted the ticker beyond its ken, and now VEND is dropping toward $2, with pressure to go even below that.
If you are looking for an entry point to VUZI, keep in mind that without a promotion, the ticker sometimes goes stagnant, and the respectable price and OTCBB listing do not guarantee a trading free of nightmarish days of correction.
