Avid Technology, Inc. (NASDAQ:AVID)

Avid Technology, Inc. (NASDAQ:AVID) Unveils New Video-over-IP Interface

Avid Technology, Inc. (NASDAQ:AVID)

Shares of Avid Technology, Inc. (NASDAQ:AVID) gained 14.74% after the global media technology provider unveiled its latest addition to the Avid I/O family of hardware interfaces. Avid Artist DNxIP is the new Thunderbolt 3 equipped I/O device, designed to enable the transfer of SMPTE standard HD video over 10GigE IP networks.

Avid Technology, Inc. (NASDAQ:AVID)

Avid Artist DNxIP

Built in partnership with AJA and powered by MediaCentral, Avid Artist DNxIP should eliminate the challenges of managing physical resources commonly associated with legacy video routing. It should also give customers more flexibility in the way they route video within their facilities.

“DNxIP is the next evolution of our development efforts with Avid, a trusted technology partner. We’re excited to be teaming up with them again on a next-generation hardware option that meets the needs of professional IP workflows,” said Nick Rashby, President, and AJA Video Systems.

Avid Technology, Inc. (NASDAQ:AVID) has received a lot of attention due to the recent volatility of its stock. AVID stock is currently trading in an uptrend after gaining more than 40% in market value since the start of the month. For the full year, the stock is up by more than 30%.

Stellar Q3 Results

Renewed investor interest in the stock follows the announcement of better than expected third quarter financial results. Avid Technology, Inc. (NASDAQ:AVID) exceeded guidance on revenue and bookings in the recent quarter as it recorded growth in key metrics. Improvement in adjusted EBITDA drove the company to the fourth consecutive quarter of positive adjusted cash flow.

Avid Technology reported a net income of $72,000 for the third quarter as revenue came in at $105.3 million, above the upper-end of guidance. During the quarter, the company signed several multiyear deals that are expected to lead to further revenue growth in the fourth quarter.

For the fourth quarter, Avid Technology, Inc. (NASDAQ:AVID) expects bookings of between $112 million and $126 million and revenues of between $103 million and $113 million.

“The completion of the transformation in the second quarter of 2017 has positioned us to drive profitable growth, increase revenue visibility and cash flow. In the third quarter, we achieved meaningful growth across bookings, revenue excluding pre-2011 and eliminating PCS, adjusted EBITDA and adjusted free cash flow,” said CEO, Louis Hernandez.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $AVID and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

SemiLEDs Corporation (NASDAQ:LEDS)

Shares of SemiLEDs Corporation (NASDAQ:LEDS) Booming!

SemiLEDs Corporation (NASDAQ:LEDS)

SemiLEDs Corporation (NASDAQ:LEDS) stock is up over 1700% after the memory chip manufacturer announced it would be releasing their Q4, 2017 financial results after the market close. LEDS stock was trading below yesterday’s close until the company made the announcement, then the stock shot up from $2.75 to over $7.50 just after 12:30PM EST. Volume is over 130 times the daily listed average.

SemiLEDs Corporation (NASDAQ:LEDS)

SmeiLEDS Files Preliminary Results

However, prior to this morning’s announcement, SemiLEDs Corporation (NASDAQ:LEDS) filed an 8-K form with the SEC and provided preliminary results for the quarter ended August 31, 2017. Revenue for Q4 2017 was $2.6 million, a 22% increase compared to $2.1 million for Q3 2017. GAAP net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2017 was (-$0.7) million, compared to a loss of (-$1.6) million for Q3 2017, or a net loss of (-$0.19) per diluted share, compared to a net loss of (-$0.45) per diluted share for Q3 2017. Cash and cash equivalents was $3.6 million as of August 31, 2017, compared to $3.1 million at the end of the third quarter of fiscal 2017. The net cash inflows in operating activities were $0.5 million in the fourth quarter of fiscal 2017, compared with net cash outflows $0.9 million in the third quarter of fiscal 2017.

SemiLEDs Corporation (NASDAQ:LEDS), based in Chunan, Taiwan, develops and manufactures LED chips and LED components primarily for general lighting applications, including street lights and commercial, industrial and residential lighting, along with specialty industrial applications such as ultraviolet (UV) curing, medical/cosmetic, counterfeit detection, horticulture, architectural lighting and entertainment lighting. SemiLEDs sells blue, white, green and UV LED chips.

LEDS Stock Performance

Sales have been declining for SemiLEDs Corporation (NASDAQ:LEDS). In 2012, the company reported sales of $29.3 million. For 2016, the company’s sales were only $10.1 million. However, with one exception, EPS losses have been contracting annually. In 2012 the EPS loss was (-$18.04), and that number shrank to (-$7.25) by 2016.

Over the past quarter, LEDS stock has performed well – gaining over 30%. Unfortunately, the shares are down over 20% for the year.

It should also be noted that, as of the market open, LEDS stock had a sizeable short seller position of over 20% of the stock’s float.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $LEDS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Asure Software Inc. (NASDAQ:ASUR) Spikes After Record Q3

Asure Software Inc. (NASDAQ:ASUR)

Asure Software Inc. (NASDAQ:ASUR) shares gained 12.97% after the Austin-based maker of human capital management programs reported record revenue for the third quarter. The achievement was driven by continued growth across the entire business as the company continued to integrate multiple acquisitions made this year.

Asure Software Inc. (NASDAQ:ASUR)

ASUR Stock Performance

The better-than-expected third quarter financial results helped strengthen the stock’s sentiments on Wall Street. Investors’ confidence appears to be slowly building up, the stock having come under pressure in recent months.

For the full year, Asure Software Inc. (NASDAQ:ASUR) is up by more than 40%. The stock faces immediate resistance at the $13.50 mark, above which it could make a push for its 52-week high of $16.03 a share.

Asure’s Q3 Financial Results

Revenue for the three months ended September 30, 2017, increased 65% to $15.5 million. Cloud revenue was up 97%, as hardware revenue increased 48% compared to the third quarter of 2016. Gross margin came in at $12.1 million or 78.1% of total revenue, representing a 64% increase from $7.4 million reported last year.

Asure Software Inc. (NASDAQ:ASUR) reported a net income per share of $0.15 a share compared to a non-GAAP net income per share of $0.22 a share reported last year. The Chief Financial Officer, Kelyn Brannon, attributes the better than expected Q3 financial results to the execution of a cloud sales initiative that helped produce solid gross margins and recurring revenue.

“Additionally, our strong cash position as well as our investments in infrastructure and processes has increased the operating leverage of our business model. Overall, our results in the third quarter reflect the increasing demand for our solutions as well as the cost and operational synergies from the strategic acquisitions we have completed this year,” said Mr. Brannon.

For the full year, Asure Software Inc. (NASDAQ:ASUR) expects revenue of between $54.25 million and $56.25 million. Excluding one-time items, Non-GAAP EBITDA should range between $12.2 million and $13.5 million. The company is also projecting Non-GAAP net loss per share of between $0.06 and $0.02 a share.

Asure Software is projecting revenues of $70 million for 2018 as it moves to integrate already completed acquisitions. The company also plans to carry out multiple ‘tuck-in” acquisitions of service bureaus, which could drive further growth.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ASUR and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Avid Technology, Inc. (NASDAQ:AVID)

Avid Technology, Inc. (NASDAQ:AVID) Q3 Earnings Beat Estimates

Avid Technology, Inc. (NASDAQ:AVID)

Shares of Avid Technology, Inc. (NASDAQ:AVID) gained 26.24% after the global media technology company reported better than expected Q3 2017 financial results. Revenues and bookings exceeded guidance in the quarter. Strong improvement in adjusted EBITDA allowed the company to post a fourth consecutive quarter of positive cash flow.

Avid Technology, Inc. (NASDAQ:AVID)

AVID Investors Reaction

Investors reacted to the stellar financial results by pushing the stock from this year’s lows to $5.10 a share. The stock is up by more than 10% for the year. Avid Technology, Inc. (NASDAQ:AVID) faces resistance at the $5.50 mark above which it could make a to this year’s highs of $6 a share.

Renewed investor interest in the stock is as a result of the company exceeding guidance in all its key metrics. According to Chief Executive Officer, Louis Hernandez, Jr., completion of transformation should allow Avid technology to drive profitable growth as well as increase revenue visibility and cash flow.

AVID Q3 Results

For the three months ended September 30, 2017, Avid technology bookings came above the upper end of guidance at $102.8 million. Constant currency bookings totaled $107.9 million which were in line with guidance. GAAP Revenue was $105.3 million above the upper end of guidance. Gross margin came in at 57.3%.

Net income in the quarter came in at $72,000 as adjusted free cash flow came in at $0.5 million at the upper end of the guidance. Adjusted free cash flow for the first nine months rose to $55.7 million,

According to the Chief Executive Officer, customers ranging from the largest media enterprise continue to adopt Avid Technology, Inc. (NASDAQ:AVID)’s innovative solutions.

“With our cloud-enabling MediaCentral platform, enterprises are unlocking greater strategic value from their Avid partnership as we help them to achieve new economies of scale while they work to engage audiences on any device with increasing amounts of content,” said Mr. Hernandez.

Q4 Outlook

During the quarter, Avid Technology, Inc. (NASDAQ:AVID) signed several multi-year enterprise deals with large customers, including Viacom and NHK. Total licenses for the MediaCentral platform increased 27% year-over-year to 51,000. Direct digital bookings with individual creative professionals increased 35% year-over-year.

For the fourth quarter Avid Technology, Inc. (NASDAQ:AVID) expects bookings to range between $118 and $132 million. Revenue, on the other hand, should range between $103 and $113 million.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $AVID and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO)

Ford News Boosts Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) Stock

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO)

EKSO stock rocketed in Friday’s trading session after an announcement that The Ford Motor Company (NYSE:F) is testing exoskeletons developed by Richmond, CA-based Ekso Bionics Holdings, Inc. (NASDAQ:EKSO).

The four EksoVests were paid for by the United Auto Workers union, which represents hourly workers at Ford, and the automaker plans tests for the exoskeleton in other regions including Europe and South America. The cost of the exoskeletons, which were developed as part of a partnership between Ford and Ekso, was undisclosed. Two workers at each of the company’s Wayne and Flat Rock factories have been testing the exoskeletons since May. The lightweight vest supports workers while they perform overhead tasks, providing lift assistance of up to 15 lbs. per arm through a mechanical actuator that uses torque to take the stress off a worker’s shoulders.

About Ekso Bionics Holdings, Inc. (NASDAQ:EKSO)

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) was founded in 2005 and began by developing exoskeletons for the military and medical fields. In 2013, the company branched out into the manufacturing and construction sectors in 2013. Ekso Bionics is the only exoskeleton company to offer technologies that range from helping those with paralysis to stand up and walk, to enhancing human capabilities on job sites across the globe, to providing research for the advancement of R&D projects intended to benefit U.S. defense abilities.

EKSO Stock

Last Wednesday Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) reported a Q3 2017 loss of (-$6.3) million, or (-$0.18) per share, on revenues of $1.6 million. According to Zack’s Investment Research, the consensus estimate for Q3 was a loss of (-$0.13). Despite missing the consensus estimate by over 35%, the market reacted with a shrug and EKSO stock was barely changed for the day.

However, the market reacted strongly to the press release announcing the relationship with the Ford Motor Company. EKSO shares closed on Thursday at $1.05, the gapped up to open at $1.30 before hitting their inter-day high of $1.58 and eventually settling at $1.53.

For the week, EKSO stock is up over 35%, but shares are down year-to-date by over 60%. Friday’s price action sent shares higher just one day after the stock threatened to make a new 52-week low below $0.99. While the consensus, one-year price target for Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) is 43, that figure could change as news is absorbed about potential sales revenues through the global automobile manufacturer.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $EKSO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Harmonic Inc. (NASDAQ:HLIT) Fighting the Shorts

Harmonic Inc. (NASDAQ:HLIT)

Harmonic Inc. (NASDAQ:HLIT) are trading near resistance levels and the short sellers are out. HLIT has a short float of 13.64% and a short ratio of 13.64. The short float is the numbers of shares held short divided by the number of shares in the float. The short interest ratio is defined as the short float divided by the average daily volume. It is also known as “days to cover”. Often used as a sentiment indicator, a value over five is often considered a bearish signal.

In September and October of 2016, HLIT shares briefly traded just over $6.00 before retreating below $4. Prior to that, in 2015 HLIT tried to hold above $6 from August through October before retreating back below $3. Currently HLIT is 3.75% below its 52-week high and has gained 17% in the past month, and is up 18% YTD.

On Tuesday, Harmonic Inc. (NASDAQ:HLIT) released their quarterly earnings and beat estimates. EPS was forecast at $0.06 and HLIT came in at $0.08. Revenues were posted at $113.1 million, besting analyst estimates by $5. Despite the good-looking figures, Q1 guidance was not as bright. The company is forecasting revenues between $87 and $95 million which is under the expected figure of $96.9 million.

Recent news includes an announcement today that that MLB Network has upgraded its existing Harmonic playout platform with a new software-based Spectrum™ X advanced media server system. Free PR such as this may allow shares of Harmonic Inc. (NASDAQ:HLIT) to breech the $6 resistance level and force some shorts to cover. But at the end of the day, it is about earnings and future growth. There is some strong sentiment that the company will not be a rising star, but if the market keep hitting new highs and Harmonic Inc. (NASDAQ:HLIT) keeps reporting financial news that is in-line or better than expectations, there could be a stampede of short covering.

3/1/2017
Ticker Symbol HLIT
Last Price a/o 4:43 PM EST  $                      5.90
Average Volume                    532,100
Market Cap (mlns)  $                  423.09
Sales (mlns) $379.40
Shares Outstanding (mlns) 78.35
Share Float (mlns) 76.16
Shortable Yes
Optionable Yes
Inside Ownership 2.70%
Short Float 13.64%
Short Interest Ratio 19.52
Quarterly Return 14.89%
YTD Return 8.00%
Year Return 61.19%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) Continues to Defy the Experts

Kratos Defense & Security Solutions, Inc. Nasdaq: KTOS

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading national security solutions provider, reported after-hours earnings that beat both on EPS and revenues. Q4 EPS came in at $0.02 – a beat of $0.07. Revenues came in at $182.1 million – a beat by $4.36 million.

For the year ended December 25, 2016, Kratos generated revenues of $668.7 million, a 1.8% increase over 2015 revenues of $657.1 million, and Adjusted EBITDA of $45.0 million for year ended December 25, 2016, compared to $44.6 million in 2015. Net loss from continuing operations was $60.4 million for fiscal 2016, a GAAP EPS loss of $0.99, compared to a loss of $33.2 million for 2015, a GAAP EPS loss of $0.56. Adjusted loss per share was $0.07 for 2016 and 2015.

There have been critics of Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) and they let it be known that they believed KTOS was a screaming short play – that the firm was destined to go into insolvency. However, the market shrugged off those predictions and KTOS shares have been rising since. KTOS shares have risen 22% in the past quarter, 168% for the year, and 18.4% for YTD.

Kratos Defense & Security Solutions, Inc. (KTOS) is a mid-tier government contractor at the forefront of the Department of Defense’s Third Offset Strategy. Kratos is a leading technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security.  Kratos is considered by some to be an industry leader in high performance unmanned aerial drone target systems used to test weapon systems and to train the warfighter, and is a provider of high performance unmanned combat aerial systems for force multiplication and amplification.  Kratos is also an industry leader in satellite communications, microwave electronics, cyber security/warfare, missile defense and combat systems.  Kratos has primarily an engineering and technically oriented work force of approximately 2,800. Substantially all of Kratos’ work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos’ primary end customers are National Security related agencies.

Kratos Defense & Security Solutions, Inc. (KTOS) sales have been on the decline since they posted a figure of $969.2 million in 2012. In 2015 that figure was just $657.1 million. KTOS shareholders have not experienced positive earnings since 2011 when the loss was $0.86/share and in 2015 the company posted a loss of $0.57/share. Five firms follow Kratos Defense & Security Solutions, Inc. (KTOS). Four analysts rate KTOS shares as a “Strong Buy” and one rates the shares as a “Hold”. Their consensus price target is $9.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance.

 

Extreme Networks, Inc. (NASD:EXTR) Builds On Super Bowl Success

Extreme Networks, Inc. (NASD:EXTR)

Extreme Networks, Inc. (NASD:EXTR) was trading under $2.50 a year ago and hit $6.52 in today’s trading. No doubt its involvement in helping Super Bowl LI become the most connected in history got the firm some well-deserved exposure and kudos for pulling it off successfully. A record breaking 11.8 Terabytes of data traversed the Wi-Fi network during Super Bowl LI. Fan engagement at Super Bowl LI was largely driven by social media and streaming video which accounted for 1.7 terabytes of data transferred across the network, an increase of 55% over last year’s Super Bowl.

Also helping the recent price trend was the upgrading of EXTR by two investment firms in 2016. Of the six firms that follow EXTR, three rate the shares as a “Strong Buy”, one rates the shares as a “Buy” and two rate EXTR as a “Hold”.

San Jose, CA-based Extreme Networks, Inc. (NASD:EXTR) develops and manufactures wired and wireless network infrastructure equipment. It also develops software for network management, policy, analytics, security, and access controls. It also offers its proprietary ExtremeAnalytics – an analytics application that assists users in optimizing network performance. The company boasts 20,000 customers worldwide.

Sales for the growth company have been sluggish. It reported $519.6 million in 2014 and just $528.4 million in 2016. That is balanced by an EPS loss in 2016 ($0.31) that was less than half of the reported 2015 loss ($0.72).

Of note is that John Shoemaker was recently appointed Chairman of the Board. Shoemaker previously held senior roles at Xerox and Sun Microsystems.

2/24/2017
Ticker Symbol EXTR
Last Price a/o 1:41 PM EST  $                      6.39
Average Volume                    955,000
Market Cap (mlns)  $                  669.52
Sales (mlns) $535.30
Shares Outstanding (mlns) 107.64
Share Float (mlns) 106.14
Shortable Yes
Optionable Yes
Inside Ownership 1.30%
Short Float 1.76%
Short Interest Ratio 1.96
Quarterly Return 34.63%
YTD Return 23.66%
Year Return 119.00%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

 

Universal Display corporation (NASDAQ:OLED) Shares Turn in After-Market on Earnings Release

Universal Display Corporation (NASDAQ:OLED)

Universal Display Corporation (NASDAQ:OLED) shares dipped 5% ($67.45) during the regular session but have spiked over 12% ($76) in the after-market on their earnings release which featured the company’s first-ever dividend announcement. The company reported Q4 2016 profit of $25.8 million. On a per-share basis, the Ewing, NJ-based company reported net income of $0.55 and revenues of $74.6 million for Q4 2016. Universal Display Corporation (NASDAQ:OLED)expects full-year revenue in the range of $230 million to $250 million.

OLED is an acronym for “organic light-emitting diode” and they are supposed to be the biggest thing in display technology for the last ten years. OLEDs create color by running electricity through materials that glow red, green, and blue – the only colors you need to create every other color in the spectrum. Pixels will start off as white but can be completely shut off which means that black will now be very black. The technology will allow televisions, or any method of display, to be lighter and thinner – and more clear. For now, the TVs using OLED technology are pricey – five figures.

Universal Display Corporation (NASDAQ:OLED) pioneered the OLED technology and holds over 4,000 patents. Industry experts believe that the company will grow revenues at 10%/quarter but a development may make that number look small. Rumors are floating that Apple ois considering OLED technology for use in its iPhone. Breaking into the mobile market with Apple would certainly shake up the shares and send analysts scrambling to recalculate future earnings.

Shares of Universal Display Corporation (NASDAQ:OLED) hit their all-times highs in the after-market as the market absorbed their earnings numbers. For a $3 billion company a $0.03 dividend may not seem like a big deal. However as we have seen with technology, as the manufacturing process begins to take advantage of economies of scale, revenues should increase with the technology’s broader adoption. And if Apple includes it in their iPhone you will be able to hear the champagne bottles popping in New Jersey all the way from Silicon Valley.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Steve Clark is a 23 year Wall St professional with stints in M&A, risk management, and algorithm trading.

 

Vuzix Corporation (NASDAQ:VUZI) Could Break to Upside on New Product Launch

Vuzix Corporation (NASDAQ:VUZI)

In January, Founder and CEO Paulk Travers purchased $18,000 worth of VUZI shares. However despite the confidence of upper management, the market seems to take a different view. VUZI shares have dropped around 30% from their highs. Vuzix Corporation (NASDAQ:VUZI) yesterday announced an update on its M300 Smart Glasses rollout to Enterprise clients and certain aspects of its general business. The M300 is now certified to ship into Europe, the USA, Canada, Australia, India and New Zealand with certifications in all our global target markets expected by the end of the quarter.

Vuzix Corporation (NASDAQ:VUZI) is a leading supplier of Smart-Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets. The Company’s products include personal display and wearable computing devices that offer users a portable high quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix Corporation (NASDAQ:VUZI) holds 49 patents and 43 additional patents pending and numerous IP licenses in the Video Eyewear field.

The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2017 and several wireless technology innovation awards among others. Founded in 1997, Vuzix Corporation (NASDAQ:VUZI) has its offices in Rochester, NY; Oxford, UK; and Tokyo, Japan.

In January 2015, Vuzix received a $24.8 million investment from Intel Corporation to be used as general working capital to accelerate the introduction of the next generation of Vuzix fashion-based wearable display products for the consumer marketplace. The major shareholders of Vuzix are the founding management team and Intel Corporation, which collectively own approximately 38% of Vuzix Corporation (NASDAQ:VUZI).

Three firms follow of Vuzix Corporation (NASDAQ:VUZI). All three rate VUZI shares as a “Strong Buy” with a consensus price target of $10. The $10 price target would represent almost a doubling of the current price. The rollout of the M300 Smart Glasses will, no doubt, be key. Vuzix reported sales of $4.8 million in 2011 but only $2.7 million in 2015. Since 2011, EPS has been negative for VUZI shareholders. The worst loss was in 2013 (-$1.69) and in 2015 the reported loss was $0.97.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/14/2017
Ticker Symbol VUZI
Last Price a/o 1:59 PM EST  $                      5.43
Average Volume                    328,700
Market Cap (mlns)  $                  109.68
Sales (mlns) $2.00
Shares Outstanding (mlns) 18.62
Share Float (mlns) 15.9
Shortable Yes
Optionable Yes
Inside Ownership 8.60%
Short Float 20.48%
Short Interest Ratio 9.91
Quarterly Return -15.11%
YTD Return -13.24%
Year Return 13.46%