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Vuzix Reports Second Quarter 2026 Results

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ROCHESTER, N.Y., Aug. 13, 2026 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today reported its second quarter results for the three months ended June 30, 2026.

“Our branded enterprise smart glasses business continues to generate revenue, customer insight and market credibility, while opening new doors for Vuzix in the smart glasses ecosystem as an OEM smart glasses, waveguides and display systems provider,” said Paul Travers, President and Chief Executive Officer of Vuzix. “We delivered our initial next-generation Ultralite Pro glasses to Amazon for live commercial testing, expanded their M400 deployments across its fulfillment centers, moved our Collins Aerospace program into initial production deployments, delivered initial waveguide-based systems to a leading global automaker, and received initial and follow-on orders from Augmex for enterprise deployments. We continued to make further investments in our waveguide plant and manufacturing equipment to improve throughput, reduce development cycle times, and enable one production line to support development while another supports volume production, positioning Vuzix to execute an increasing number of simultaneous ODM/OEM, defense and waveguide programs.”

The following table compares condensed elements of the Company’s unaudited summarized Consolidated Statements of Operations data for the three months ended June 30, 2026 and 2025, respectively:

For Three Months Ended June 30

($000s except per share amounts)

2026

2025

Sales:

Sales of Products

$   884

$1,045

Sales of Engineering Services

229

250

Total Sales

1,113

1,296

Total Cost of Sales

1,759

2,057

Gross Profit (Loss)

(645)

(761)

Operating Expenses:

Research and Development

3,098

2,571

Selling and Marketing

1,210

1,353

General and Administrative

2,682

2,757

Depreciation and Amortization

118

413

Loss from Operations

(7,754)

(7,855)

Total Other Income (Expense)

125

189

Net Loss

(7,629)

(7,666)

Loss per Common Share

$  (0.09)

$  (0.10)

Second Quarter 2026 Financial Results

For the three months ended June 30, 2026, total revenues decreased by 14% to $1.1 million versus $1.3 million for the comparable period in 2025. Product sales were $0.9 million versus $1.0 million, a decrease of 15%. Engineering services and OEM product sales were $0.2 million versus $0.3 million, a decrease of 8%.

There was an overall gross loss of $0.6 million for the three months ended June 30, 2026 as compared to a gross loss of $0.8 million for the comparable 2025 period, a 15% overall improvement.

Research and Development expense was $3.1 million for the three months ended June 30, 2026 versus $2.6 million for the comparable 2025 period, an increase of 20%. This increase was largely due to increased external development costs for new products and higher cash salary and benefits related expenses due to headcount increases.

Selling and Marketing expense was $1.2 million for the three months ended June 30, 2026 versus $1.4 million for the comparable 2025 period, a decrease of 11%. The decrease was largely due to a decrease in non-cash stock-based compensation expense.

General and Administrative expense for the three months ended June 30, 2026 was $2.7 million versus $2.8 million for the comparable 2025 period, a decrease of 3%.

For the second quarter ended June 30, 2026, the net loss attributable to common shareholders was $7.7 million or $0.09 per share as compared to a loss of $7.7 million or $0.10 per share for the second quarter of 2025.

Net cash used in operating activities was $6.6 million for the second quarter of 2026 versus $4.8 million for the comparable 2025 period. As of June 30, 2026, the Company had $17.3 million in cash and no current or long-term debt obligations.

Management Outlook

“The smart glasses industry is entering a period of dynamic evolution as advances in AI and platform ecosystems support the transformation of the industry and ease application development for customers’ specialized needs. Usable and deployable applications that can be integrated into existing customer IT environments with relative ease have long been a limiting factor in the enterprise smart glasses market,” said Mr. Travers. “Fortune 500 companies are defining their AI and smart glasses strategies and have begun taking next steps to execute against their operational needs. AI can automate and improve many tasks, but skilled tradespeople, technicians and frontline workers operating in the physical world are not going away. At the same time the pull from end customers across our enterprise and ODM/OEM business areas for AI based smart glasses continue to gain momentum. Vuzix intends to continue investing in its waveguide innovation and furthering strategic relationships to better position us to capitalize on these opportunities, while simultaneously opening new opportunities beyond AI and AR applications across our main enterprise, defense and ODM/OEM markets,” said Mr. Travers.   

Conference Call Information                                                                                         

Date: Thursday, August 13, 2026
Time: 4:30 p.m. Eastern Time (ET)
Dial-in Number for U.S. & Canadian Callers: 877-709-8150
Dial-in Number for International Callers (Outside of the U.S. & Canada): 201-689-8354

A live and archived webcast of the conference call will be available on the investor relations page of the Company’s website at: https://ir.vuzix.com/ or directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=y18QpYGD

Participating on the call will be Vuzix’ Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together will discuss operational and financial highlights for the quarter ended June 30, 2026.

To join the live conference call, please dial into the above referenced telephone numbers five to ten minutes prior to the scheduled conference call time.

A telephonic replay will be available for 30 days, starting on August 13, 2026, at approximately 5:30 p.m. (ET). To access this replay, please dial 877-660-6853 within the U.S. or Canada, or 201-612-7415 for international callers. The conference replay ID# is 13761977.

About Vuzix Corporation

Vuzix is a leading designer, manufacturer and marketer of AI-powered smart glasses, waveguides and augmented reality technologies, components and products for the enterprise, medical, defense, security, and consumer markets. The Company’s products include head-mounted smart personal displays and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well as OEM waveguide optical components and display engines. Vuzix holds more than 500 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and augmented reality. The Company has won over 20 Consumer Electronics Show (or CES) awards for innovation since 2005 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan.  For more information, visit the Vuzix website, X and Facebook pages.

Forward-Looking Statements Disclaimer

Certain statements contained in this news release are “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to, among other things, the timing of new product releases, opportunities related to market disruptions such as AI regarding smart glasses demand, R&D project successes, existing and new engineering services and conversion to volume production OEM programs, future revenue and operating results, and the Company’s leadership in the Smart Glasses and AR display industry. They are generally identified by words such as “believes,” “may,” “expects,” “anticipates,” “should” and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company’s beliefs and assumptions as of the date of this release. The Company’s actual results could differ materially due to risk factors and other items described in more detail in the Company’s Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sec.gov or www.sedar.com). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

Investor Relations Contact

Ed McGregor, Director of Investor Relations
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com

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SOURCE Vuzix Corporation

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Beghou Expands Pune Office, Strengthening Data, Analytics, and AI Capabilities

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The expanded office brings together multidisciplinary teams to solve increasingly complex life sciences commercialization challenges 

PUNE, India, Nov. 11, 2026 /PRNewswire/ — Beghou, a life sciences commercialization consulting and technology company, today announced the expansion of its Pune office. Opened on October 7 to foster cross-team collaboration, the new space reflects Beghou’s growing global delivery and innovation model. The Pune office is home to consulting and product teams with expertise spanning analytics, data engineering, technology, and AI. Beghou has also expanded its offices in Hyderabad and Bengaluru this year as its workforce continues to scale. The larger Pune space makes room for that growth, along with expanded leadership opportunities, specialist capabilities, and global client exposure for teams based there. 

“There’s a real sense of momentum at Beghou right now, and it’s exciting to see that reflected in our global expansion. We’re growing across markets, expanding the capabilities we bring to clients, and investing in the people and technology behind that work,” said Adrienne Lovink, CEO, Beghou. 

Commercialization challenges rarely sit within a single discipline, and Beghou’s model is built around that reality. Teams work together to move from identifying a business question to designing, building, and implementing the solution. The new office gives them dedicated space to collaborate, share knowledge, and learn from one another. 

“It is incredibly fulfilling to see the growth of our India organization and the world-class talent and capabilities we have built over the years. I see this growth as a stepping stone to something much bigger – not just scaling, but driving innovation, developing differentiated offerings, and solving increasingly complex commercialization challenges for our clients. Our new office reflects this ambition, bringing together diverse expertise and creating more opportunities for our teams to collaborate, innovate, and build meaningful solutions,” said Sonam Dubey, India Head, Beghou. 

The office is also a key hub for Beghou’s AI and product innovation, with teams working to embed AI in the solutions clients use across planning, analysis, and execution. They are also helping to develop new products that pair Beghou’s commercialization expertise with modern data capabilities. 

“We are at an exciting point in Beghou’s journey. I see this office as a melting pot of deep commercial expertise, technology, product thinking, and AI, the capabilities that will shape our next phase of growth. The opportunity is to combine those strengths to build differentiated solutions that solve real client problems and scale our impact,” said Abhigya Jain, Partner, Beghou. 

About Beghou 

Beghou drives commercialization that works for life sciences. For over 30 years, Beghou has been a long-term consulting and technology partner to more than 250 life sciences clients. We connect the dots between strategy, data, technology, and teams, helping clients accelerate launches, deepen customer engagement, and advance patient access. Whether a company is pre-commercial and building from scratch or refining an existing commercial strategy, Beghou provides fresh ideas and pragmatic, technology-enabled solutions to help organizations adapt and thrive in an increasingly complex environment. 

We build enduring partnerships by remaining engaged and accountable beyond project delivery to help ensure solutions take hold and deliver results. Combining strategic thinking, technical expertise, and hands-on execution, we help clients achieve faster outcomes and lasting impact. 

Find out more at www.beghou.com.

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TIER IV unveils end-to-end autonomous driving adaptable to map information and sensor configurations

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Multiple open-source AI models are available with Autoware

TOKYO, Nov. 11, 2026 /PRNewswire/ — TIER IV, the pioneering force behind Autoware, open-source software for autonomous driving, today announced the development and open-source release of multiple end-to-end (E2E) autonomous driving AI models that support different system requirements, including map information and sensor configurations. The models offer flexible options ranging from camera-only configurations to those incorporating LiDAR, radar and high-definition (HD) maps, enabling developers to select AI models suited to their performance requirements. Through Autoware, TIER IV provides a development environment for optimizing these models and integrating them into vehicle systems, helping automakers and technology partners develop and deploy their own autonomous driving stack.

Overview of the Autoware 2.0 Architecture

TIER IV is leading the development of Autoware 2.0, the next-generation architecture of Autoware. Autoware 2.0 is a scalable and adaptable architecture that flexibly combines AI models with conventional rule-based technologies. By supporting different AI models and sensor configurations, it enables autonomous driving systems to be built for a range of applications and system requirements. The E2E autonomous driving AI models announced today are concrete technological outcomes designed to leverage this architecture.

NVIDIA Alpamayo 2 Edge

As part of its collaboration with NVIDIA announced in March 2026 , TIER IV has been evaluating the performance of NVIDIA Alpamayo, a vision-language-action (VLA) foundation model, and integrating it with Autoware. The latest model, Alpamayo 2 Edge, is an E2E autonomous driving AI model that takes only camera images as input and uses reasoning to generate driving trajectories. With 2 billion parameters, compared with 34 billion in Alpamayo 2 Super, it is substantially smaller and offers promise for practical deployment in vehicles. TIER IV is currently optimizing the model and adapting it to real vehicles, while having completed its integration with Autoware.

GitHub (source code): https://github.com/autowarefoundation/alpamayo-autowareHugging Face (AI model): https://huggingface.co/nvidia/Alpamayo2-Edge

AutoE2E

AutoE2E, whose development is led by the Autoware Foundation (AWF) and TIER IV, is an E2E autonomous driving AI model capable of running on computing platforms beyond NVIDIA hardware. It adopts a Fast–Slow architecture combining a Reactive Model for real-time driving decisions, a World Model for predicting future changes in the surrounding environment, and a Reasoning Model that supports driving decisions. It can accommodate configurations ranging from cameras alone to those incorporating LiDAR and radar sensor data. With 79.9 million parameters, it is lighter than Alpamayo 2 Edge. The Reactive Model has been released, while development of the World Model and Reasoning Model continues, alongside consideration of commercialization for robotaxi applications. Integration of the Reactive Model with Autoware has been achieved.

GitHub (source code): https://github.com/autowarefoundation/auto_e2eHugging Face (AI model): https://huggingface.co/AutowareFoundation/auto_e2e

METEOR

Developed independently by TIER IV, METEOR is a lightweight, multitask E2E autonomous driving AI model primarily intended for privately owned passenger vehicles. Built on a convolutional neural network (CNN) architecture, it uses a bird’s-eye-view (BEV) representation to perform everything from perception of the surrounding environment to driving trajectory generation within a single neural network, without relying on high-definition maps. It supports configurations using images from one to eight cameras and can also incorporate LiDAR and radar sensor data. With 16 million parameters, it is even lighter than AutoE2E and supports operation across different semiconductor platforms, including NVIDIA and Renesas. TIER IV also uses CoMET, the automated labeling platform within Co-MLOps, together with agentic AI to automate data labeling and model training, evaluation, and improvement, eliminating the need for manual coding and labeling. Automakers and component suppliers can optimize the open-source model to meet their own vehicle specifications and performance requirements.

GitHub (source code): https://github.com/tier4/METEORHugging Face (AI model): https://huggingface.co/AutowareFoundation/meteor

OnePlanner

OnePlanner is an E2E autonomous driving AI model that integrates perception of the surrounding environment with motion planning. It currently uses BEVFusion, which generates a BEV representation from LiDAR point-cloud data, with a planned transition to PTv3. Its flexible architecture allows the perception model to be replaced while directly using features extracted during perception for motion planning. Conventional autonomous driving systems convert perception results into information such as object positions and velocities before passing them to the planner. OnePlanner reduces these intermediate conversions, enabling richer use of information about the surrounding environment. It also incorporates HD maps, route information, traffic-signal states, and vehicle motion states to generate driving trajectories for the next six seconds. Integration with Autoware has been achieved.

GitHub (source code): https://github.com/autowarefoundation/autoware_oneplannerHugging Face (AI model): https://huggingface.co/AutowareFoundation/oneplanner

LatentDrive

LatentDrive is an E2E autonomous driving AI model that uses a world model to integrate predictions of the surrounding environment with motion planning. Using V-JEPA, a self-supervised learning approach, it represents features of the surrounding environment extracted from camera video in a latent space and uses these features to generate vehicle trajectories. Its distinguishing feature is that it directly leverages information from video for motion planning without intermediate processes such as object detection and tracking. It does not require HD maps and generates trajectories for the next four seconds using camera video, route information, and vehicle motion states. It supports configurations with either one or three cameras, and work is underway on integration with Autoware and validation in an in-vehicle environment.

GitHub (source code): https://github.com/autowarefoundation/autoware_latent_driveHugging Face (AI model): https://huggingface.co/AutowareFoundation/latent_drive

“Advances in E2E autonomous driving are fundamentally changing how autonomous driving systems are developed.” said Shinpei Kato, founder and CEO of TIER IV. “For automakers and component suppliers to incorporate AI technology into their own products, however, it is essential that they be able to internalize technologies according to their applications and performance requirements, without depending on a particular AI model or semiconductor platform. By releasing multiple AI models developed under the leadership of TIER IV and the Autoware Foundation, alongside the results of our collaboration with NVIDIA, we have significantly expanded those choices. We will continue to advance the open-source ecosystem centered on Autoware and work with partners around the world to democratize autonomous driving.”

“Advancing autonomous driving requires AI that can reason through complex situations and run efficiently in the car.” said Ali Kani, vice president of automotive at NVIDIA. “TIER IV’s integration of NVIDIA Alpamayo 2 Edge with Autoware gives developers an open foundation to bring that intelligence from research into their own vehicles.”

“The advancement of autonomous driving technology depends on an ecosystem in which diverse AI models can be developed and evaluated openly, then applied according to their respective use cases.” said Muhammad Zain Khawaja, President of the Autoware Foundation. “The AI models released today are an important demonstration of how Autoware is evolving into a flexible development platform that is not tied to any particular technology or hardware. We welcome TIER IV’s continued technology development and its collaboration with partners including NVIDIA. The Autoware Foundation will continue working with the global open-source community to make advanced autonomous driving technology accessible to everyone.”

Next Steps

TIER IV will continue improving the performance of the AI models released today and optimizing them for in-vehicle environments, while promoting the development and commercialization of E2E autonomous driving technology by automakers and partners through Autoware. TIER IV will also strengthen collaboration with the global open-source community and work to expand the adoption of autonomous driving systems across diverse vehicle types and applications.

About TIER IV

TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, open-source software for autonomous driving. With a comprehensive suite of platforms and services built around Autoware, TIER IV provides everything from software development and vehicle procurement to operational support. Through the Autoware ecosystem, TIER IV works with partners worldwide to shape the future of intelligent vehicles with open-source software, aiming to create mobility that is safer, more sustainable, and accessible to all.

The word marks and logos of TIER IV are trademarks or registered trademarks of TIER IV, Inc. in Japan and other countries. All other company names, product names, service names, and logos referenced herein are trademarks or registered trademarks of their respective owners.

Autoware is a registered trademark of the Autoware Foundation.

Media contact
pr@tier4.jp 

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SOURCE TIER IV, Inc.

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Dingdong to Report Third Quarter 2026 Financial Results on November 12, 2026

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SHANGHAI, Nov. 10, 2026 /PRNewswire/ — Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2026, before U.S. markets open on November 12, 2026.

About Dingdong (Cayman) Limited

Dingdong is the leading fresh grocery e-commerce company in mainland China, with sustainable long-term growth. The Company directly provides users and households with fresh groceries, prepared food, and other food products through delivering a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid. Leveraging its deep insights into consumers’ evolving needs and its strong food innovation capabilities, Dingdong has successfully launched a series of private label products spanning a variety of food categories. Many of Dingdong’s private label products are produced at its own production plants, allowing it to more efficiently produce and offer safe and high-quality food products. Dingdong aims to be the first choice for fresh and food shopping.

For more information, please visit: https://ir.100.me.

 

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SOURCE Dingdong (Cayman) Limited

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