Vuzix Corp

Listed Company

VUZICIK 0001463972NasdaqNon-AcceleratedSmaller ReportingRadio & Tv Broadcasting & Communications EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$6.28M

Net Income

—

Total Assets

$40.07M

Equity

$24.68M

Shares Out

83.16M

Op. Cash Flow

$-18.79M

VUZI$2.28−7.32% · past yearDBEQ Basic

Daily closing prices

Business

Vuzix Corporation designs and manufactures AI-enabled smart glasses and augmented reality display technologies for enterprise, medical, defense, and security applications. The company offers near-eye displays, heads-up displays, and wearable computing devices, along with waveguide optics and display engines for third-party OEM and ODM partners. Primary business segments include Vuzix-branded smart glasses models, software solutions through subsidiary Moviynt, and engineering services to integrators. The company sells globally through direct sales, resellers, and distributors.

Summary from 10-K filed 2026-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Sales	6	6	12	12	13
Cost of Sales - Depreciation and Amortization	677,931	734,456	886,117	799,317	1
Total Cost of Sales	7	11	15	10	12
Gross Loss	−1	−6	−3	1	2
Research and Development	13	10	12	13	12
Selling and Marketing	5	8	13	8	6
General and Administrative	12	17	19	21	23
Depreciation and Amortization	2	3	4	2	988,104
Loss on Goodwill and Other Intangible Asset Impairment	—	—	2	—	—
Loss on Fixed Asset Disposal	106,898	27,654	0	35,350	183,614
Impairment on Intangible Asset and Equity Investment	—	30	—	—	—
Impairment of Patents and Trademarks	0	0	41,869	97,675	80,163
Total Operating Expenses	31	68	50	44	42
Loss From Operations	−33	−74	−52	−42	−40
Investment Income	672,276	591,319	2	1	53,511
Other Taxes	23,054	59,335	−230,973	−212,997	—
Foreign Exchange Loss	−60,564	−217,317	−44,062	−180,589	−143,196
Impairment Loss on Equity Investment	−400,000	0	0	—	—
Utility Improvement Refund	—	—	208,271	—	—
Total Other Income, Net	234,766	433,337	2	1	−397,053
Loss Before Provision for Income Taxes	−32	−74	−50	−41	−40
Provision for Income Taxes	0	0	0	—	—
Preferred Stock Dividends	−62,333	—	—	—	—
Loss Attributable to Common Shareholders - Basic	−32	−74	−50	−41	−40
Loss Attributable to Common Shareholders - Diluted	−32	−74	−50	—	—
Basic Net Loss per Common Share	−0.42	−1.08	−0.79	−0.64	−0.66
Diluted Net Loss per Common Share	−0.42	−1.08	−0.79	−0.64	−0.66
Weighted-average Shares Outstanding - Basic	78	68	63	64	61
Weighted-average Shares Outstanding - Diluted	78	68	63	64	61

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and Cash Equivalents	21	—	18	27	73
Accounts Receivable, net of allowance for credit losses of $46,000 at December 31, 2025 and $89,000 at December 31, 2024	2	—	2	4	4
Accrued Revenues in Excess of Billings	533,665	—	673,498	165,771	269,129
Other Receivables	379,615	—	—	—	—
Inventories, Net	2	—	5	9	11
Manufacturing Vendor Prepayments	256,090	—	372,081	403,801	998,671
Prepaid Expenses and Other Assets	1	—	1	1	2
Total Current Assets	27	—	27	42	91
Fixed Assets, Net	8	—	8	8	4
Operating Lease Right-of-Use Assets, Net	1	1	494,236	301,185	956,165
Patents and Trademarks, Net	3	—	3	3	2
Technology Licenses, Net	559,973	—	761,043	27	30
Other Assets, Net	327,778	—	844,445	1	950,000
Total Assets	40	—	39	86	131
Accounts Payable	685,010	—	538,221	2	1
Unearned Revenue	62,361	—	125,901	18,839	29,064
Accrued Expenses	4	—	945,752	2	2
Other Taxes Payable	49,513	—	8,163	46,727	214,997
Operating Lease Right-of-Use Liabilities	500,911	—	494,236	163,513	651,011
Total Current Liabilities	5	—	2	5	15
Operating Lease Right-of-Use Liability	502,114	—	—	137,672	305,154
Total Liabilities	5	—	2	5	16
Preferred Stock - $0.001 Par Value, 5,000,000 Shares Authorized; 419,959 and zero Shares of Series B Preferred Stock Issued and Outstanding as of December 31, 2025 and December 31, 2024	10	—	—	—	—
Common Stock - $0.001 Par Value, 200,000,000 shares authorized; 81,679,367 shares issued and 81,099,695 shares outstanding as of December 31, 2025 and 100,000,000 shares authorized; 76,553,694 shares issued and 75,974,022 shares outstanding as of December 31, 2024	81,680	—	76,553	65,304	63,783
Additional Paid-in Capital	427	—	407	377	361
Accumulated Deficit	−400	—	−368	−294	−244
Treasury Stock, at cost, 579,672 shares as of December 31, 2025 and December 31, 2024	−2	—	−2	−2	−2
Total Stockholders' Equity	25	—	37	81	115
Total Liabilities, Mezzanine Equity, and Stockholders' Equity	40	—	39	86	131

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Loss	−32	−74	−50	−41	−40
Depreciation and Amortization	3	4	5	3	2
Stock-Based Compensation	5	12	13	16	17
Allowance for Credit Losses	—	977,363	2	—	—
Inventory Reserves for Obsolescence	503,400	4	4	290,405	519,950
Impairment on Goodwill, Intangible Assets, and Equity Investments	400,000	30	2	—	—
Accounts Receivable	−17,917	1	−2	−1	−853,547
Accrued Revenues in Excess of Billings	139,833	−507,727	103,358	−269,129	—
Other Receivables	−379,615	208,271	258,434	—	—
Inventories	2	19,287	−2	593,608	−7
Manufacturing Vendor Prepayments	115,991	31,720	594,870	−494,620	−19,019
Prepaid Expenses and Other Assets	7,702	271,399	167,837	−95,244	−526,825
Accounts Payable	146,789	−1	358,883	−843,015	537,607
Accrued Expenses	2	−1	745,904	251,231	436,276
Unearned Revenue	−63,540	107,062	−10,225	1,268	−13,355
Income and Other Taxes Payable	41,350	−38,564	−168,270	94,755	10,589
Net Cash Flows Used in Operating Activities	−19	−24	−26	−25	−27
Purchases of Fixed Assets	−2	−1	−5	−2	−4
Investments in Patents and Trademarks	−554,816	−560,958	−632,483	−499,031	−593,184
Investments in Licenses	—	−1	−11	−17	—
Investments in Software Development	—	—	−125,000	−125,000	−250,000
Investment in Atomistic	—	—	−3	—	—
Investments in Other Equity Assets	−50,000	—	−200,000	−17	−200,000
Net Cash Flows Used in Investing Activities	−3	−3	−19	−21	−5
Proceeds from Sale of Preferred and Common Stock to Quanta	10	10	—	—	—
Proceeds from Exercise of Stock Options	106,843	110,760	21,196	57,712	782,277
Proceeds from ATM Program, Net	14	8	—	—	92
Purchase of Treasury Stock	—	—	−470,757	−2	—
Net Cash Flows Provided by (Used in) Financing Activities	24	18	−449,561	−2	116
Net Increase (Decrease) in Cash and Cash Equivalents	3	−8	−46	−48	84
Non-Cash Investment in Licenses	—	—	1	12	1
Investment in Atomistic - Equity issued	—	181,675	3	—	—
Accrued Preferred Dividends included in Accrued Expenses	39,923	—	—	—	—
Depreciation and Amortization included in Research and Development Expense	869,361	201,070	201,147	—	—
Stock-Based Compensation Expense - Expensed less Previously Issued	—	—	92,454	61,824	−1
Purchases of Fixed Assets included in Accrued Expenses	723,023	—	—	—	—

Filings

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Frequently asked questions

What is Vuzix Corp's CIK number?

Vuzix Corp's SEC CIK number is 0001463972 (1463972). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Vuzix Corp's SEC filings?

All of Vuzix Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Vuzix Corp last report earnings?

Vuzix Corp (VUZI) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-062752). This is Vuzix Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Vuzix Corp's most recent earnings 8-K?

Vuzix Corp's latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001104659-26-062752. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Vuzix Corp's latest earnings 8-K →
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