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May 10 , 2021 VUZIX View the Future® Vuzix Reports Record Smart Glasses Revenues in 1Q21 Vuzix smart glasses revenues for the quarter increased 177 % year - over - year ROCHESTER , N.Y. , May 10 , 2021 / CNW / -- Vuzix® Corporation ( NASDAQ : VUZI ) ( " Vuzix " or the " Company " ) , a leading supplier of Smart Glasses and Augmented Reality ( AR ) technologies and products , today reported its first quarter results for the period ended March 31 , 2021 . VUZIX® " Vuzix reported record smart glasses sales of $ 3.8 million as an increasing number of our customers continued to place larger and more frequent orders for our Smart Glasses , " said Paul Travers , President and CEO of Vuzix . " Sales of our workhorse M400 Smart Glasses tripled versus the prior year's comparable quarter and we are seeing a broadening array of use cases emerging from literally every corner of the world . Sales of our Vuzix BladeⓇ Smart Glasses offering were also stronger , rising 54 % over the prior year's comparable period as the Blade's stereo audio , autofocus camera , and now standard safety rating features are generating increasing usage and interest from a growing number of enterprise customers who are experiencing demonstrable ROI courtesy of the Blade . " " Following further warrant exercises in our first quarter and our late March equity offering , our balance sheet is now stronger with pro forma cash of roughly $ 145 million as of April 1 , which puts us in an excellent position to not only fund projected growth and planned product development , but also to broaden our product offerings through potential strategic initiatives , " concluded Mr. Travers .