VUZI
Vuzix Corporation2.9000
+0.1900+7.01%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Quanta capacity ramp accelerates urgently
Q&A zeroed in on ramping Quanta partnership beyond 1 million waveguides yearly, with 3-4 glasses eyed for CES amid multi-million volume pressure; management weighs Rochester expansion against supply chain and tariff snags, eyeing clarity in coming quarters. Defense shifts to Q4 production deliveries, juicing OEM revenue, potentially doubling programs in 2026 pending tweaks. Amazon expands beyond warehouses to data centers, janitorial, and AWS AI integration. Margins brighten from LX1 and defense mix next year. Production ramps now rule.
Key Stats
Market Cap
232.37MP/E (TTM)
-Basic EPS (TTM)
-0.49Dividend Yield
0%Recent Filings
8-K
Q3 loss narrows, orders ramp
Vuzix reported Q3 2025 results on November 13, with revenues down 16% to $1.2M and net loss narrowing to $7.4M from $9.2M year-over-year, thanks to 22% lower operating expenses. Unlocked $5M from Quanta, totaling $20M investment; appointed Dr. Chris Parkinson as Enterprise Solutions President; secured orders from a global online retailer and U.S. defense contractor. Cash stood at $22.6M. Q4 growth expected from backlog.
10-Q
Q3 FY2025 results
Vuzix posted Q3 revenue of $1.2M, down 16% y/y yet narrowing operating loss to $7.5M from $9.3M while gross margin slipped to -35% on higher unapplied overhead. Sales split 77% products, 23% engineering services; U.S. drove 86%. Cash climbed to $22.6M after $19.7M equity raises including $10M Series B preferred to Quanta in June/Sept 2025. Ops burned $13.2M YTD, financed by ATM and Quanta. No debt. Customer concentration persists. Tariffs threaten component costs.
8-K
Vuzix finalizes Quanta tranche
Vuzix closed its third and final tranche with Quanta on September 19, 2025, selling 230,242 shares of Series B Preferred Stock at $21.716 per share. Each share converts into 10 common shares. Finalizes the securities purchase agreement from September 3, 2024. Sold unregistered under Section 4(a)(2).
8-K
Vuzix hires Enterprise Solutions President
Vuzix Corporation appointed Chris Parkinson, PhD, as President of its Enterprise Solutions business unit on September 3, 2025, effective September 8, to drive growth in smart glasses and software through sales, marketing, and R&D coordination. He receives a $360,000 base salary, 150,000 RSAs vesting quarterly over 12 months, and up to 1,000,000 PSUs tied to revenue and EBITDA milestones by December 31, 2028. Severance covers 12 months without cause. Equity accelerates on change of control.
8-K
Auditor replacement at Vuzix
Vuzix Corporation replaced its independent auditor Freed Maxick P.C. with Withum Smith+Brown, P.C., effective August 22, 2025, after Freed Maxick joined Withum. The switch follows clean audit reports for 2023 and 2024, save a going concern note in 2023, with no disagreements but a remediated material weakness in internal controls. This seamless transition bolsters audit continuity. No financial disruptions disclosed.
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