INSIDER BUYING: Vuzix (NASDAQ: VUZI) Executives Including CEO Snap Up Shares
–News Direct–
By Meg Flippin, Benzinga
Vuzix Corp. (NASDAQ: VUZI), the maker of smart glasses and augmented reality (AR) products, seems to be off to a good start in 2024 with several potential big deals in the works for both its enterprise products and original equipment manufacturing projects. At the same time, the Rochester, New York-based smart glasses maker with more than 375 patents is in a judicious cost-cutting mode, reducing expenses, improving margins and extending its operational runway.
"In 2023, Vuzix made important advancements in our product development, core optics technologies and manufacturing, all of which uniquely position Vuzix to play an important role in the expected to become multibillion-dollar AR smart glasses market," said Paul Travers, Preside...