Chardan Capital’s James McIlree expects 2017 to be a “pivotal year” for Vuzix Corporation , with “ramp in production of the M300, introduction of the M3000, the Blade 3000, and waveguide products, and delivery of customized smart glasses to Toshiba in the second half,” all of which were likely to lead to increased revenues, with the fourth quarter being the strongest quarter of the year and Q1 the weakest.The analyst reiterated a Buy rating on the company, with a price target of $10.Ending 2016McIlree mentioned that the Q4 revenue reported by Vuzix, of $620,000, was largely in line with the estimate of $600,000.However, gross margin was lower, with the company continuing to work through the high cost production of iWear.Smart glass volumes remained modest through the year, as customers awaited the M300 while purchasing the M100 in small amounts.Read more