NASDAQ : VUZI

Vuzix Corporation — Financial statements

Technology · Consumer Electronics · United States

Last price 2.28 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 192.46M

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Financial statements

Vuzix Corporation (VUZI) reported revenue of 5.91M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue5.91M6.28M5.75M12.13M11.84M13.16M
Cost of Revenue6.48M6.67M10.62M13.88M9.55M10.27M
Gross Profit-569.20K-384.46K-4.87M-1.75M2.28M2.89M
Selling, General & Admin15.08M17.11M25.42M31.30M29.12M28.62M
Research & Development13.58M12.63M9.63M12.34M12.68M11.67M
Other Operating Expenses35.77K-23.05K-59.34K230.97K213.00K307.37K
Operating Expenses30.20M31.99M38.72M48.61M44.59M42.91M
Operating Income-30.77M-32.38M-43.58M-50.35M-42.31M-40.02M
Interest & Investment Income694.20K672.28K591.32K2.22M1.40M53.51K
Currency Exchange Gain (Loss)-89.62K-60.56K-217.32K-44.06K-180.59K-143.20K
Other Non Operating Income (Expenses)208.27K466.70K
EBT Excluding Unusual Items-30.16M-31.77M-43.21M-47.97M-40.63M-40.11M
Impairment of Goodwill-2.14M
Gain (Loss) on Sale of Investments-400.00K-400.00K
Gain (Loss) on Sale of Assets-106.90K-106.90K-27.65K-35.35K-183.61K
Asset Writedown-30.30M-41.87K-97.67K-80.16K
Pretax Income-30.67M-32.27M-73.54M-50.15M-40.76M-40.38M
Net Income-30.67M-32.27M-73.54M-50.15M-40.76M-40.38M
Preferred Dividends & Other Adjustments71.51K
Net Income to Common-30.74M-32.27M-73.54M-50.15M-40.76M-40.38M
Shares Outstanding (Basic)80.83M77.60M67.84M63.43M63.71M61.13M
Shares Outstanding (Diluted)80.83M77.60M67.84M63.43M63.71M61.13M
EPS (Basic)-0.38-0.42-1.08-0.79-0.64-0.66
EPS (Diluted)-0.38-0.42-1.08-0.79-0.64-0.66
Free Cash Flow-24.59M-20.80M-25.10M-31.60M-26.24M-30.79M
Free Cash Flow Per Share-0.30-0.27-0.37-0.50-0.41-0.50
Gross Margin-9.63%-6.12%-84.55%-14.42%19.28%21.95%
Operating Margin-520.70%-515.52%-757.37%-415.15%-357.49%-304.02%
Profit Margin-520.26%-513.85%-1,277.91%-413.46%-344.41%-306.70%
Free Cash Flow Margin-416.08%-331.22%-436.15%-260.54%-221.74%-233.88%
EBITDA-28.20M-29.39M-39.82M-45.69M-39.89M-37.95M
EBITDA Margin-288.30%
D&A For EBITDA2.57M2.98M3.76M4.67M2.42M2.07M
EBIT-30.77M-32.38M-43.58M-50.35M-42.31M-40.02M
Revenue as Reported5.91M6.28M5.75M12.13M11.84M13.16M
Advertising Expenses536.16K648.12K2.28M1.67M1.26M

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents17.30M21.15M18.19M26.56M72.56M120.20M
Cash & Short-Term Investments17.30M21.15M18.19M26.56M72.56M120.20M
Accounts Receivable1.60M2.16M2.28M3.99M3.83M2.24M
Other Receivables95.79K379.62K208.27K466.70K
Receivables1.69M2.54M2.28M4.20M4.29M2.24M
Inventory1.76M2.19M4.81M9.00M11.27M12.15M
Prepaid Expenses760.20K1.06M1.07M1.34M1.51M682.58K
Other Current Assets342.29K256.09K372.08K403.80K998.67K1.87M
Total Current Assets21.85M27.20M26.72M41.50M90.63M137.15M
Property, Plant & Equipment9.00M8.63M8.08M8.37M4.83M6.31M
Long-Term Investments300.00K300.00K650.00K650.00K450.00K450.00K
Goodwill1.60M
Other Intangible Assets4.04M3.95M3.95M29.84M33.55M4.07M
Long-Term Deferred Charges491.92K
Other Long-Term Assets5.78M
Total Assets35.19M40.07M39.41M86.15M131.07M148.47M
Accounts Payable1.45M685.01K538.22K1.57M1.21M2.05M
Accrued Expenses1.67M3.53M899.67K3.23M13.01M1.23M
Current Portion of Leases500.91K500.91K494.24K163.51K651.01K534.15K
Current Income Taxes Payable76.06K49.51K8.16K46.73K215.00K120.24K
Current Unearned Revenue76.48K62.36K125.90K18.84K29.06K27.80K
Other Current Liabilities71.13K55.64K46.08K188.25K159.93K185.04K
Total Current Liabilities3.84M4.89M2.11M5.22M15.28M4.16M
Long-Term Leases240.42K502.11K137.67K305.15K582.88K
Total Liabilities4.08M5.39M2.11M5.35M15.58M4.74M
Common Stock84.99K81.68K76.55K65.30K63.78K63.67K
Additional Paid-In Capital438.14M426.93M407.22M377.19M361.27M346.74M
Retained Earnings-414.63M-399.86M-367.52M-293.98M-243.84M-203.07M
Treasury Stock-2.48M-2.48M-2.48M-2.48M-2.01M
Total Common Equity21.11M24.68M37.29M80.79M115.49M143.73M
Shareholders' Equity31.11M34.68M37.29M80.79M115.49M143.73M
Total Liabilities & Equity35.19M40.07M39.41M86.15M131.07M148.47M
Total Debt741.33K1.00M494.24K301.19K956.16K1.12M
Net Cash (Debt)16.56M20.15M17.69M26.25M71.61M119.09M
Net Cash Per Share0.200.260.260.411.121.95
Filing Date Shares Outstanding84.41M83.16M76.24M64.73M63.21M63.67M
Total Common Shares Outstanding84.41M81.10M75.97M64.73M63.32M63.67M
Working Capital18.01M22.31M24.61M36.28M75.35M132.99M
Book Value Per Share0.250.300.491.251.822.26
Tangible Book Value17.07M20.73M33.34M50.95M80.33M139.66M
Tangible Book Value Per Share0.200.260.440.791.272.19
Machinery14.65M13.46M11.47M12.21M9.31M10.25M
Leasehold Improvements3.00M2.81M2.84M3.16M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-30.67M-32.27M-73.54M-50.15M-40.76M-40.38M
Depreciation & Amortization2.57M2.98M3.76M4.67M2.42M2.07M
Other Amortization152.78K166.67K166.67K263.55K166.67K240.40K
Loss (Gain) From Sale of Assets106.90K106.90K27.65K35.35K183.61K
Asset Writedown & Restructuring Costs30.30M2.18M97.67K80.16K
Loss (Gain) From Sale of Investments400.00K400.00K
Stock-Based Compensation2.90M5.33M11.57M12.71M15.78M17.30M
Provision & Write-off of Bad Debts977.36K1.57M
Other Operating Activities503.40K503.40K4.17M4.36M290.40K519.95K
Change in Accounts Receivable1.82K121.92K732.88K-1.74M-1.59M-853.55K
Change in Inventory915.09K2.24M51.01K-1.50M98.99K-6.59M
Change in Accounts Payable837.94K146.79K-1.03M358.88K-843.01K537.61K
Change in Unearned Revenue-16.55K-63.54K107.06K-10.22K1.27K-13.36K
Change in Income Taxes28.66K41.35K-38.56K-168.27K94.75K10.59K
Change in Other Net Operating Assets-425.02K1.51M-991.02K1.17M-310.72K-90.55K
Operating Cash Flow-22.70M-18.79M-23.74M-26.28M-24.52M-26.98M
Capital Expenditures-1.89M-2.01M-1.36M-5.32M-1.72M-3.81M
Cash Acquisitions-2.30M
Sale (Purchase) of Intangibles-637.66K-554.82K-1.56M-11.26M-17.15M-1.04M
Investment in Securities-2.50M
Other Investing Activities-50.00K-200.00K
Investing Cash Flow-2.52M-2.62M-2.92M-19.28M-21.17M-4.85M
Issuance of Common Stock20.17M14.39M18.29M21.20K57.71K127.11M
Repurchase of Common Stock-470.76K-2.01M-1.14M
Preferred Dividends Paid-99.83K-22.41K-10.00M
Dividends Paid-99.83K-22.41K-10.00M
Financing Cash Flow25.07M24.37M18.29M-449.56K-1.95M115.97M
Miscellaneous Cash Flow Adjustments-1.00-1.00
Net Cash Flow-156.89K2.96M-8.37M-46.01M-47.64M84.13M
Free Cash Flow-24.59M-20.80M-25.10M-31.60M-26.24M-30.79M
Free Cash Flow Margin-416.08%-331.22%-436.15%-260.54%-221.74%-233.88%
Free Cash Flow Per Share-0.30-0.27-0.37-0.50-0.41-0.50
Levered Free Cash Flow-14.30M-9.06M-11.69M-36.86M-17.07M-13.20M
Unlevered Free Cash Flow-14.30M-9.06M-11.69M-36.86M-17.07M-13.20M
Change in Working Capital1.34M3.99M-1.17M-1.88M-2.54M-7.00M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization178.96M302.88M290.05M132.04M232.01M551.69M
Enterprise Value162.40M291.40M276.39M94.45M142.35M424.16M
Last Close Price2.123.783.942.083.648.67
PS Ratio30.2948.2250.4010.8919.6041.91
PB Ratio8.488.737.781.632.013.84
P/TBV Ratio10.4814.618.702.592.893.95
EV/Sales Ratio27.4846.4048.037.7912.0332.22
Debt / Equity Ratio0.020.030.010.000.010.01
Net Debt / Equity Ratio-0.53-0.58-0.47-0.33-0.62-0.83
Net Debt / EBITDA Ratio0.590.690.440.571.793.14
Net Debt / FCF Ratio0.670.970.700.832.733.87
Asset Turnover0.160.160.090.110.090.13
Inventory Turnover2.561.901.541.370.821.13
Quick Ratio4.954.859.695.905.0329.46
Current Ratio5.705.5612.657.965.9333.00
Return on Equity (ROE)-94.40%-89.68%-124.55%-51.10%-31.45%-42.05%
Return on Assets (ROA)-53.35%-50.92%-43.39%-28.98%-18.92%-24.90%
Return on Capital Employed (ROCE)-98.10%-92.00%-116.90%-62.20%-36.50%-27.70%
Earnings Yield-17.94%-10.66%-25.35%-37.98%-17.57%-7.32%
FCF Yield-13.74%-6.87%-8.65%-23.93%-11.31%-5.58%
Buyback Yield / Dilution-10.38%-14.39%-6.94%0.43%-4.23%-60.39%