VUZI

MKT CAP:$205M

Vuzix Corporation

Market Cap

$205M

Technology·Consumer Electronics·🇺🇸 United States·NASDAQ

Technology·Consumer Elec.·🇺🇸·NASDAQ

Stock Price

$2.52-$1.33 (-34.55%)

Apr 22, 2026

Company Details

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, the Asia-Pacific, Europe, and i...

CEO

Paul J. Travers

IPO Date

Apr 5, 2010

Website

www.vuzix.com

Key Metrics TTM

Revenue

$5M

-4.3% YoY

Net Income

-$37M

EPS (Diluted)

-$0.47

Free Cash Flow

-$20M

Revenue / Share

$0.07

Gross Margin

-113.5%

Operating Margin

-715.1%

Net Margin

-702.7%

FCF Margin

-370.1%

P/S

38.6x

P/E

—

Earnings Reports

Q4 2025

May 11, 2026

PENDING

Q3 2025

Nov 13, 2025

$1M-16.2%EPS -$0.10

Q2 2025

Aug 14, 2025

$1M+18.6%EPS -$0.10

Q1 2025

May 12, 2025

$2M-21.1%EPS -$0.11

FY 2024

Mar 13, 2025

$6M-52.6%EPS -$1.08

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$3M	$648.7K	-$10M
Q1 22	$3M	$699.5K	-$10M
Q2 22	$3M	$496.6K	-$10M
Q3 22	$3M	$1M	-$10M
Q4 22	$3M	-$3.6K	-$12M
Q1 23	$4M	$876.0K	-$11M
Q2 23	$5M	$1M	-$10M
Q3 23	$2M	-$4.7K	-$11M
Q4 23	$1M	-$4M	-$20M
Q1 24	$2M	$128.3K	-$10M
Q2 24	$1M	-$151.1K	-$41M
Q3 24	$1M	-$259.8K	-$9M
Q4 24	$1M	-$5M	-$14M
Q1 25	$2M	-$88.2K	-$9M
Q2 25	$1M	-$761.4K	-$8M
Q3 25	$1M	-$411.3K	-$7M

Valuation

Quarter	P/S	P/E
Q3 21	49.8x	—
Q1 22	33.5x	—
Q2 22	37.3x	—
Q3 22	31.0x	—
Q4 22	22.0x	—
Q1 23	19.3x	—
Q2 23	21.6x	—
Q3 23	16.7x	—
Q4 23	11.3x	—
Q1 24	7.9x	—
Q2 24	12.3x	—
Q3 24	13.9x	—
Q4 24	50.9x	—
Q1 25	26.0x	—
Q2 25	40.2x	—
Q3 25	44.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$6M	-$9M
Q1 22	-$6M	-$7M
Q2 22	-$5M	-$13M
Q3 22	-$7M	-$10M
Q4 22	-$7M	-$14M
Q1 23	-$4M	-$9M
Q2 23	-$8M	-$8M
Q3 23	-$8M	-$11M
Q4 23	-$6M	-$9M
Q1 24	-$9M	-$10M
Q2 24	-$6M	-$7M
Q3 24	-$5M	-$6M
Q4 24	-$4M	-$4M
Q1 25	-$3M	-$4M
Q2 25	-$5M	-$6M
Q3 25	-$5M	-$5M

Capital Expenditures

Quarter	CapEx
Q3 21	$3M
Q1 22	$217.2K
Q2 22	$8M
Q3 22	$3M
Q4 22	$7M
Q1 23	$5M
Q2 23	$489.5K
Q3 23	$2M
Q4 23	$3M
Q1 24	$1M
Q2 24	$985.0K
Q3 24	$332.7K
Q4 24	$353.2K
Q1 25	$714.1K
Q2 25	$867.8K
Q3 25	$458.5K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+8.6%	+77.9%
Q1 22	-40.9%	+42.9%
Q2 22	-23.2%	+0.1%
Q3 22	+17.5%	+10.5%
Q4 22	-4.0%	+10.2%
Q1 23	+67.5%	+16.4%
Q2 23	+56.0%	+9.9%
Q3 23	-36.4%	+1.6%
Q4 23	-63.2%	+45.6%
Q1 24	-52.2%	-19.6%
Q2 24	-76.7%	+192.5%
Q3 24	-36.4%	-21.5%
Q4 24	+19.3%	-29.6%
Q1 25	-21.1%	-14.4%
Q2 25	+18.6%	-78.1%
Q3 25	-16.2%	-19.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$4M	138.1%
Q1 22	$4M	172.6%
Q2 22	$4M	129.0%
Q3 22	$4M	111.3%
Q4 22	$4M	129.7%
Q1 23	$4M	87.5%
Q2 23	$3M	60.4%
Q3 23	$3M	151.2%
Q4 23	$3M	273.1%
Q1 24	$2M	119.4%
Q2 24	$3M	263.6%
Q3 24	$3M	229.9%
Q4 24	$3M	244.1%
Q1 25	$3M	185.3%
Q2 25	$796.8K	61.5%
Q3 25	$770.3K	66.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$3M	$5M	$2M
Q1 22	$3M	$5M	$2M
Q2 22	$3M	$5M	$2M
Q3 22	$4M	$5M	$2M
Q4 22	$3M	$6M	$2M
Q1 23	$3M	$5M	$3M
Q2 23	$3M	$4M	$3M
Q3 23	$3M	$4M	$3M
Q4 23	$4M	$5M	$5M
Q1 24	$3M	$4M	$2M
Q2 24	$2M	$4M	$2M
Q3 24	$2M	$4M	$2M
Q4 24	$2M	$5M	$2M
Q1 25	$3M	$4M	$2M
Q2 25	$3M	$3M	$1M
Q3 25	$3M	$3M	$1M

Revenue Segments

Quarter	Smart Glasses Sales	Engineering Services	Sales of Products
Q3 21	$3M	—	—
Q1 22	$3M	—	—
Q2 22	$3M	$108.9K	—
Q3 22	$3M	$889.3K	—
Q4 22	$3M	$332.0K	—
Q1 23	$4M	—	—
Q2 23	$4M	$265.7K	—
Q3 23	$1M	$808.2K	—
Q4 23	$772.0K	$295.0K	—
Q1 24	$2M	$174.8K	—
Q2 24	$601.3K	$491.3K	—
Q3 24	—	$397.4K	$988.3K
Q1 25	—	$256.9K	$1M
Q2 25	—	$250.4K	$1M
Q3 25	—	$264.7K	$896.3K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$113M	$0	$113M
Q2 22	$101M	$0	$101M
Q3 22	$90M	$0	$90M
Q4 22	$73M	$0	$73M
Q1 23	$63M	$0	$63M
Q2 23	$49M	$0	$49M
Q3 23	$38M	$0	$38M
Q4 23	$27M	$0	$27M
Q1 24	$17M	$0	$17M
Q2 24	$10M	$0	$10M
Q3 24	$14M	$0	$14M
Q4 24	$18M	$0	$18M
Q1 25	$15M	$0	$15M
Q2 25	$17M	$0	$17M
Q3 25	$23M	$0	$23M
Q4 25	$21.2B	$0	$21.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	64M	+0.7%	+59.5%
Q1 22	64M	+0.3%	+59.6%
Q2 22	64M	+0.1%	+17.7%
Q3 22	63M	-0.9%	+0.2%
Q4 22	63M	+0.2%	-0.3%
Q1 23	63M	-0.2%	-0.8%
Q2 23	63M	+0.0%	-0.8%
Q3 23	65M	+2.2%	+2.3%
Q4 23	65M	+0.2%	+2.2%
Q1 24	65M	0.0%	+2.4%
Q2 24	66M	+1.7%	+4.1%
Q3 24	68M	+3.1%	+5.0%
Q4 24	85M	+25.8%	+31.9%
Q1 25	76M	-10.7%	+17.8%
Q2 25	76M	+0.3%	+16.2%
Q3 25	77M	+1.3%	+14.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$31.1K	97
Q1 22	$23.6K	106
Q2 22	$28.4K	106
Q3 22	$32.3K	106
Q4 22	$27.6K	105
Q1 23	$39.9K	105
Q2 23	$44.7K	105
Q3 23	$20.8K	105
Q4 23	$11.4K	94
Q1 24	$21.3K	94
Q2 24	$11.6K	94
Q3 24	$14.7K	94
Q4 24	$16.7K	76
Q1 25	$20.8K	76
Q2 25	$17.0K	76
Q3 25	$15.3K	76

Revenue / Employee