Eyewear Technology Impresses at International CES

By Staff
Friday, January 23, 2015 12:15 AM LAS VEGAS—The variety of smart glasses and other tech-enabled eyewear featured this month at International CES was more extensive than ever. Among the most impressive products on display were augmented reality glasses with heads-up displays designed for viewing e-mails, text and other data, immersive virtual reality goggles for 3D gaming and movies, and eye tracking systems that detect precisely what the wearing is seeing.

VM’s Eye2 editor, Andrew Karp, scouted the CES exhibit halls for the most innovative new eyewear products. View his personal guided tour of the show in this slideshow on VisionMonday.com.

Luxottica Releases Q4 and Full Year 2014 Results, New Co-CEOs Begin Tenure

By Staff
Wednesday, January 21, 2015 12:23 AM MILAN—The board of directors of Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), have released the consolidated net sales and preliminary results for the fourth quarter of 2014 and the full fiscal year 2014.

GrandVision Announces Intention to Launch IPO in 2015

By Staff
Wednesday, January 14, 2015 12:23 AM AMSTERDAM, The Netherlands—GrandVision BV has formally announced its intention to launch an initial public offering (IPO) and list GrandVision ordinary shares on Euronet Amsterdam exchange sometime in 2015 “depending among other things on conditions in the financial markets,” a statement said.

European Online Optical Retailer, Mister Spex, Receives $40 Million in Financing

By Staff
Friday, January 09, 2015 12:23 AM BERLIN—One of Europe’s leading online optical retailers, Mister Spex completed its largest financing to date, raising $40 million in a round led by U.S. investment bank, Goldman Sachs, and with participation from existing investors, including Scottish Equity Partners, XAnge and DN Capital. The funds will be used to support the company’s domestic and international growth plans.

Vuzix Corporation Receives $24.8 Million Investment From Intel Corporation

By Staff
Wednesday, January 07, 2015 12:23 AM ROCHESTER, N.Y— Vuzix Corporation (OTCQB: VUZI) a leading supplier of video eyewear and smart glasses products in the consumer, commercial and entertainment markets, announced that Intel Corporation (NASDAQ: INTC) has made a $24.8 million investment in the company.

Zeiss Reports Revenue and Earnings Increase for FY 2013-2014

By Staff
Friday, December 19, 2014 12:23 AM STUTTGART, Germany— Despite unfavorable currency effects, Zeiss reported that revenue rose 2 percent, from €4.287 billion, up from €4.190 billion a year ago, for the fiscal year ended Sept. 30, 2014. Earnings (EBIT) grew by 14 percent to €360 million.

Cooper Companies Report Record Revenue for Fiscal Year

By Staff
Monday, December 08, 2014 12:23 AM PLEASANTON, Calif.— The Cooper Companies, Inc. (NYSE:COO) reported financial results for the fiscal fourth quarter and full year ended Oct. 31, 2014.

Valeant Sells Its Shares in Allergan, No Longer Seeking Merger

By Staff
Monday, November 24, 2014 12:23 AM NEW YORK— Valeant cut its stake in Allergan Inc., according to a filing with the SEC saying "it is no longer seeking a merger or other business combination with the Issuer.”

Valeant Pharmaceuticals OKs New $2 Billion Securities Repurchase Program

By Staff
Friday, November 21, 2014 12:26 AM LAVAL, Quebec— Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) announced that its board of directors has authorized a new securities repurchase program (the "Securities Repurchase Program").

Actavis to Acquire Allergan to Create Top 10 Global Growth Pharma Company With $23 Billion in Revenue

By Staff
Monday, November 17, 2014 9:30 AM DUBLIN, Ireland and IRVINE, Calif.— Actavis plc (NYSE: ACT) and Allergan, Inc. (NYSE: AGN) today announced that they have entered into a definitive agreement under which Actavis will acquire Allergan for a combination of $129.22 in cash and 0.3683 Actavis shares for each share of Allergan common stock.

InSite Vision Reports Third Quarter 2014 Financial Results

By Staff
Wednesday, November 12, 2014 12:23 AM ALAMEDA, Calif.— InSite Vision Incorporated (OTCBB: INSV) reported financial results for the quarter ended Sept. 30, 2014. Revenues for the third quarter of 2014 were $0.4 million compared to $5.3 million for the same period in 2013.

New Look Eyewear Announces Results for Third Quarter 2014

By Staff
Monday, November 10, 2014 12:26 AM MONTREAL— New Look Eyewear Inc. (BCI) has announced its third quarter results for 2014, reporting revenues of $32.5 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $6.2 million for the third quarter ended Sept. 27, 2014.

Avegant Raises $9.37 Million in New Round of Funding

By Staff
Monday, November 10, 2014 12:23 AM REDWOOD CITY, Calif.— Avegant, a developer of wearable near eye displays based here, announced that they have raised $9.37 million in a Series A funding.

Safilo Reports Third Quarter and Year-to-Date 2014 Results

By Staff
Friday, November 07, 2014 12:26 AM PADUA, Italy—The Board of Directors of Safilo Group S.p.A. (SFLG.MI), has approved the results of the third quarter and first nine months of 2014, ended Sept. 30, 2014.

Spy Inc. Reports Q3 and First Nine Months Financial Results for 2014

By Staff
Friday, November 07, 2014 12:23 AM CARLSBAD, Calif.— SPY Inc. (OTCBB: XSPY) has announced the financial results for the third quarter and nine months ended Sept. 30, 2014.
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