Vuzix Named One of America’s Best Small Companies by Forbes
Vuzix® Corporation, (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, 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 percent.
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.
“We are pleased to be recognized as one of the country’s best small companies by Forbes,” said Paul Travers, President and CEO of Vuzix. “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.”