VUZI
Vuzix Corporation2.9000
+0.1900+7.01%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
OEM wave to eclipse enterprise in 2026
Q&A delivered incremental 2026 color: OEM and waveguide revenues poised to ramp quarterly, surpassing Vuzix-branded enterprise by year-end. Travers spotlighted a 'wave' of programs from Amazon expansions, a major automaker's factory-floor glasses nearing production, Collins deliveries, and others potentially dwarfing 2025 enterprise sales. He anticipates three to six order or partnership announcements this year, including engineering services precursors. Bumpy quarters expected. OEM overtakes enterprise. Investors will eye announcement cadence and ramps for thesis validation.
Key Stats
Market Cap
232.37MP/E (TTM)
-Basic EPS (TTM)
-0.49Dividend Yield
0%Recent Filings
10-K
FY2025 results
Vuzix posted FY2025 sales of $6.3M, up 9% y/y, with product sales rising 4% on stronger M400 unit volume while engineering services jumped 27%; gross loss narrowed to 17% from 97% as obsolescence reserves plunged 88% to $0.5M after disposing prior-year provisions. Q4 revenue hit $2.2M—strongest quarter, up sequentially—yet net loss widened to $32M amid 31% R&D surge for LX1 glasses and California waveguide lab, offset by 33% selling and 32% G&A cuts. Cash burn eased to $19M operations; $21M cash bolsters $22M working capital post-$24M equity raise including $10M Quanta preferred. Q4 momentum flickered, but waveguide ramps loom. Supply disruptions from sole-source components threaten quarterly output.
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.
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