Vuzix Corporation (NASDAQ:VUZI) announced that Forbes has named it one of America's Top 100 small companies for 2022 in its recently-released list.
Vuzix was ranked 69th on the list with a 52-week return of 223.7%.
“We are pleased to be recognized as one of the country's best small companies by Forbes,” Vuzix Corporation (NASDAQ:VUZI) CEO Paul Travers said in a statement.
READ: Vuzix signs distribution agreement with Austrian firm, receives initial Smart Glasses order
“Our success to date has been a team effort and I would like to thank all of our employees for their continued efforts as we address the emerging market for AR smart glasses with some of the world's best products and technologies,” Travers added.
Forbes identified the best performers using data from FactSet, evaluating more than 1,000 companies that have been public for more than a year, with a market value between $300 million and $2 billion to find 509 companies that also had positive sales growth over the past 12 months and a share price of at least $5.
The top ranking was determined based on earnings and sales growth, return on equity, and total stock return for the latest 12 months available and over the last five years, with more weight given to the latest year's data.
Vuzix is a leading supplier of smart glasses and augmented reality (AR) technologies and products for the consumer and enterprise markets. Its products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays, and augmented reality.
Vuzix holds 210 patents and patents pending and numerous IP licenses in the video eyewear field.
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