Are you looking for cheap (by cheap I mean small-cap) virtual reality or augmented reality stocks to buy? The list of VR/AR penny stocks below are why you should stop looking.
According to a report, the AR & VR market is projected to generate revenue of US$32.08bn in 2023. This market is expected to grow at an annual rate of 13.75% (CAGR 2023-2027), resulting in a projected market volume of US$53.71bn by 2027.
If that’s not an indication that the virtual reality (VR) and augmented reality (AR) market is a fast growing one, I don’t know what is.
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To invest in this fast growing sector, here are the list of Virtual Reality (VR) and Augmented Reality (AR) penny stocks under $10 to consider:
1. 3D Systems Corporation
3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions worldwide.
The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform digital data input generated by 3D design tools into printed parts.
It also offers 3D virtual reality simulators and simulator modules for medical applications under the Simbionix brand.
It primarily serves companies and small and midsize businesses in medical, dental, automotive, aerospace, durable good, government, defense, technology, jewelry, electronic, education, consumer good, energy, and other industries through direct sales force, as well as partner channels and distributors.
The company was founded in 1986 and is headquartered in Rock Hill, South Carolina.
2. Kopin Corporation
Kopin Corporation invents, develops, manufactures, and sells various components and systems in the United States, the Asia-Pacific, Europe, and internationally.
It offers SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens.
The company’s products are used in industrial and public safety applications; consumer augmented and virtual reality wearable headsets; soldier, avionic, and military armored vehicle applications; 3D optical inspection systems; and training and simulation markets.
Kopin Corporation was founded in 1984 and is headquartered in Westborough, Massachusetts.
3. Blue Hat Interactive Entertainment Technology Ltd.
Blue Hat Interactive Entertainment Technology Ltd. produces, develops, and operates augmented reality (AR) interactive entertainment games and toys primarily in the People’s Republic of China.
It offers interactive educational materials, mobile games, and toys with mobile game features.
The company’s AR interactive products include AR Racer, a car-racing mobile game with a small physical toy car that allows users to virtually race one another through a simulated racing track, as well as to engage in individual races; AR Need a Spanking, a combat game with a ladybug shaped electronic toy; AR 3D Magic Box, an educational toy with built in quizzes and games for users between the ages of 3 and 9; and AR Picture Book, an AR platform that educates children on interpersonal skills, logical thinking, and other specific topics.
It serves the Chinese generation between the ages of 3 and 23. The company sells its products through distributors, e-commerce platforms, and supermarkets, as well as exports its products.
Blue Hat Interactive Entertainment Technology Ltd. was founded in 2010 and is headquartered in Xiamen, China.
4. Cemtrex, Inc.
Cemtrex, Inc. operates as a technology company in the United States and internationally.
The company provides IoT products, wearables, and smart devices under the SmartDesk name for mobile, Web, virtual and augmented reality, wearables, and television markets; and security and video surveillance, as well as develops various applications for virtual and augmented reality markets.
The company was formerly known as Diversified American Holding, Inc. and changed its name to Cemtrex, Inc. in December 2004. Cemtrex, Inc. was incorporated in 1998 and is headquartered in Brooklyn, New York.
5. Vuzix Corporation
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, the Asia-Pacific, Europe, and internationally.
The company offers its products in the form of smart glasses and AR glasses. Its smart glasses integrates with top conferencing platforms such as Zoom and WebEx.
In addition, the company offers an app store on its Website, which enables users to download and purchase applications, including third party applications; applications that provide the benefits of smart glasses to users; and Vuzix Remote Assist that offers remote telepresence capabilities.
Vuzix Corporation offers its products directly to enterprise and end users, as well as through specialty retailers, online retailers, distributors, value-added resellers, and Web stores.
Vuzix Corporation was founded in 1997 and is headquartered in West Henrietta, New York.
6. WiMi Hologram Cloud Inc.
WiMi Hologram Cloud Inc. provides augmented reality (AR) based holographic services and products in China.
The company offers holographic AR advertising services and holographic AR entertainment products.
Its holographic AR advertising software enables users to insert into video footages real or animated three-dimensional objects; and online holographic AR advertising solution embeds holographic AR ads into films.
The company’s holographic AR entertainment products consist primarily of payment middleware software, game distribution platform, and holographic mixed reality software.
The company was founded in 2015 and is headquartered in Beijing, the People’s Republic of China.