Despite facing recent financial challenges, Vuzix received a $20 million strategic investment from Quanta Computer Inc., a global Fortune 500 company. The multinational smart glasses vendor reported a significant revenue decline in Q2 2024. This decrease was attributed to lower product sales, including its latest smart glasses. However, Vuzix clarified that the product shipments in 2023 were boosted by distribution in Asia, which may not negatively affect the products or the overall business.