Vuzix Corporation VUZI R2K

Technology · Consumer Electronics · United States

https://www.vuzix.com

Vuzix Corporation designs, manufactures, and markets artificial intelligence (AI)-powered smart glasses, waveguides, and augmented reality (AR) technologies in North America, Europe, the Asia Pacific, and internationally. The company offers smart glasses that include M Series, Vuzix Blade, Vuzix Shield, and Vuzix Ultralite Z100; Mobilium logistics mobility software solution; waveguide optics; and display engines. It provides engineering services and original design manufacturers (ODM)/original equipment manufacturers (OEM) component solutions. It also offers head-mounted smart display and wearable computing devices. The company sells its products through direct sales, value-added resellers, distributors, ODM and OEM partnerships, and online stores, as well as various Vuzix operated web stores in the United States, Europe, and Japan. It serves the enterprise, medical, defense, security, and consumer markets. The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in September 2007. Vuzix Corporation was incorporated in 1997 and is headquartered in West Henrietta, New York.

Market & Price

Market Cap

$382.53M

Current Price

$4.60

High / Low (52W)

$5.14 / $1.90

Beta

1.52

Valuation

Stock P/E

Industry PE

32.74

Forward P/E

PEG Ratio

Book Value

$0.30

Price to Book

15.13

P/S

62.80

EV/EBITDA

-13.35

Dividend Yield

Profitability & Returns

ROCE

-92.03%

ROE

-91.88%

ROA

-51.94%

Profit Margin

0.00%

Op Margin

EPS (Latest Qtr)

$-0.09

EPS (TTM)

$-0.40

Balance Sheet & Liquidity

Debt/Equity

2.57

Quick Ratio

5.40

Current Ratio

6.19

Debt

$872.18K

Total Assets

$40.07M

Current Assets

$27.20M

Working Capital

$22.31M

Ownership

Promoter Holding

15.76%

Chg in Prom Hold

FII / Inst Holding

36.98%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$373.23M

Total Revenue (TTM)

$6.09M

EBITDA

$-27.95M

Free Cash Flow

$-12.74M

Operating Cash Flow

$-20.89M

Shares Outstanding

83.16M

Gross Margin

-9.71%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

-19.04%

Profit 5Y

6.94%

Revenue (YoY)

-12.00%

Earnings (YoY)

PROS

In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -19.0% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	VUZI Vuzix Corporation R2K	4.60	-	$382.53M	-	-92.03%	-91.88%	-19.04%	6.94%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	1.21M	1.32M	1.41M	1.60M	1.54M	2.65M	1.92M	1.98M	1.37M	2.19M	1.16M	1.95M	1.53M	3.04M	2.78M	4.23M	3.92M	2.92M	3.02M	3.31M	2.50M	3.01M	3.43M	2.90M	4.19M	4.69M	2.18M	1.07M	2.00M	1.09M	-	-	1.58M	1.30M	1.16M	2.24M	1.39M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.85M	2.06M	1.57M	1.87M	1.77M
Gross Profit	-126	-237	-562	149.00K	-429.00K	-92.00K	-304.00K	177.00K	670.00K	621.00K	300.00K	40.00K	152.00K	-231.00K	-4.37M	-252.00K	464.00K	16.00K	371.00K	860.00K	359.00K	363.00K	-12.00K	479.00K	262.00K	868.00K	-126.00K	876.00K	972.00K	-238.00K	-4.25M	-53.00K	-333.00K	-	-	-265.12K	-761.37K	-411.31K	375.40K	-377.91K
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.53M	7.05M	7.08M	8.65M	6.84M
Operating Income	-3.83M	-4.73M	-	-4.03M	-3.98M	-5.52M	-	-5.35M	-6.05M	-4.84M	-	-6.35M	-5.07M	-5.52M	-	-5.34M	-4.24M	-4.75M	-	-9.09M	-9.21M	-10.37M	-	-10.41M	-10.00M	-9.97M	-	-10.85M	-9.61M	-11.43M	-	-10.09M	-40.73M	-	-	-8.79M	-7.81M	-7.49M	-8.28M	-7.22M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8.16M	-7.04M	-6.56M	-7.47M	-6.73M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8.64M	-7.67M	-7.35M	-8.62M	-7.07M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Net Income	-4.10K	-5.04K	-6.33K	-4.18M	-4.07M	-5.50M	-5.88M	-5.37M	-6.15M	-4.80M	-5.56M	-6.36M	-5.06M	-5.48M	-9.58M	-5.36M	-4.24M	-4.76M	-3.59M	-9.15M	-9.24M	-10.49M	-11.49M	-10.51M	-10.02M	-9.48M	-10.76M	-10.24M	-9.04M	-10.98M	-19.88M	-10.05M	-40.61M	-	-	-8.64M	-7.67M	-7.35M	-8.62M	-7.07M
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-0.25	-0.20	-0.18	-0.31	-0.18	-0.13	-0.13	-0.09	-0.17	-0.15	-0.17	-0.17	-0.16	-0.16	-0.15	-0.17	-0.16	-0.14	-0.17	-0.32	-0.16	-0.62	-	-	-0.11	-0.10	-0.09	-0.12	-0.09
R&D Expense	1.67M	2.18M	-	1.67M	1.20M	1.51M	-	2.06M	2.56M	2.47M	-	2.52M	1.99M	2.34M	-	2.02M	1.80M	1.87M	-	2.21M	2.72M	3.40M	-	3.10M	3.00M	3.44M	-	3.07M	2.84M	2.91M	-	2.74M	2.36M	2.33M	-	2.61M	2.57M	2.94M	-	3.03M

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	2.13M	5.54M	8.09M	6.67M	11.58M	13.16M	11.84M	12.13M	5.75M	6.28M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	10.35M	14.76M	11.35M	7.34M
Gross Profit	4.28M	3.80M	1.21M	887.20K	806.96K	930.16K	566.19K	-1.16M	-676.60K	1.77M	-4.41M	597.96K	1.57M	1.48M	-2.63M	-5.60M	-1.06M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	43.80M	47.72M	37.98M	31.32M
Operating Income	-2.96M	-3.88M	-4.87M	-4.21M	-4.65M	-5.03M	-11.34M	-18.54M	-19.35M	-21.86M	-26.57M	-19.13M	-39.98M	-42.31M	-50.35M	-43.58M	-32.38M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-39.72M	-45.42M	-39.65M	-29.23M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-40.76M	-50.15M	-73.54M	-32.27M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Net Income	-3.25M	-4.56M	-3.88M	322.84K	-10.15M	-7.87M	-13.43M	-19.25M	-19.63M	-21.88M	-26.48M	-17.95M	-40.38M	-40.76M	-50.15M	-73.54M	-32.27M
Diluted EPS	-	-	-1.10	0.09	-1.69	-	-	-	-	-	-0.94	-0.53	-0.66	-0.64	-0.79	-1.08	-0.42
R&D Expense	2.22M	2.04M	1.34M	1.15M	1.75M	1.75M	3.60M	6.95M	6.71M	10.38M	8.90M	7.57M	11.67M	12.68M	12.34M	9.63M	12.63M

Compounded Sales Growth

5 Years:	-19.04%
1 Year:	-12.00%

Compounded Profit Growth

5 Years:	6.94%
1 Year:	-

Stock Price Performance

1 Year:	+57.53%
6 Months:	+97.42%
3 Months:	+59.17%
1 Month:	+93.28%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	9.19M	5.82M	2.43M	2.86M	3.59M	19.56M	22.35M	26.83M	35.13M	28.45M	52.47M	-	131.07M	86.15M	39.41M	40.07M
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90.63M	41.50M	26.72M	27.20M
Cash & Equivalents	818.72K	2.50M	2.64M	417.98K	66.55K	310.14K	84.97K	11.88M	14.53M	14.89M	17.26M	10.61M	36.07M	-	72.56M	26.56M	18.19M	21.15M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.27M	9.00M	4.81M	2.19M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.03M	3.83M	1.61M	1.63M
Total Liabilities	-	-	12.60M	12.64M	8.64M	15.90M	17.99M	3.47M	4.62M	5.45M	4.68M	4.21M	4.17M	-	15.58M	5.35M	2.11M	5.39M
Current Liabilities	-	-	6.72M	10.19M	5.15M	3.66M	3.39M	1.80M	4.42M	5.45M	4.68M	2.63M	3.10M	-	15.28M	5.22M	2.11M	4.89M
Long Term Debt	-	-	4.71M	1.07M	1.72M	170.50K	976.48K	1.23M	0	0	-	-	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	956.16K	301.19K	494.24K	1.00M
Total Equity	-2.09M	-330.23K	-3.41M	-6.82M	-6.21M	-13.04M	-14.40M	16.09M	17.72M	21.38M	30.46M	24.24M	48.30M	-	115.49M	80.79M	37.29M	34.68M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63.78M	65.30M	76.55M	81.68M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-2.26M	-3.08M	-1.50M	-2.82M	-5.09M	-4.61M	-11.67M	-14.40M	-16.47M	-22.54M	-22.36M	-13.96M	-	-24.52M	-26.28M	-23.74M	-18.79M
Investing Cash Flow	-472.46K	-236.04K	-897.40K	7.27M	-459.19K	-901.34K	-2.08M	-2.19M	-2.69M	-3.15M	-3.16M	-1.49M	-	-21.17M	-19.28M	-2.92M	-2.62M
Financing Cash Flow	4.42M	3.45M	182.22K	-4.80M	5.79M	5.29M	25.54M	19.24M	19.51M	28.06M	18.86M	40.91M	-	-1.95M	-449.56K	18.29M	24.37M
Capital Expenditure	-337.86K	-150.55K	-800.40K	-180.19K	-145.93K	-195.90K	-1.89M	-2.04M	-1.68M	-1.37M	-1.90M	-496.63K	-	-18.87M	-16.58M	-2.92M	-2.57M
Free Cash Flow	-2.60M	-3.23M	-2.30M	-3.00M	-5.24M	-4.80M	-13.56M	-16.44M	-18.15M	-23.91M	-24.25M	-14.46M	-	-43.39M	-42.86M	-26.66M	-21.36M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-47.64M	-46.01M	-8.37M	2.96M
Share Buybacks	-	-	-	-	-	-	-	-	-	-	-	-	-	2.01M	470.76K	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-54.7%	-12.2%	21.8%	-66.1%	5.2%	11.9%	12.5%	-21.7%	-97.3%	-16.9%
Operating Margin %	-	-	-	-	-	-	-	-871.3%	-349.5%	-270.1%	-398.3%	-165.2%	-303.7%	-357.5%	-415.1%	-757.4%	-515.5%
Net Margin %	-	-	-	-	-	-	-	-904.9%	-354.5%	-270.3%	-396.9%	-155.0%	-306.7%	-344.4%	-413.5%	-1,277.9%	-513.9%
ROE %	984.3%	133.6%	56.8%	-5.2%	77.8%	54.7%	-83.4%	-108.6%	-91.8%	-71.8%	-109.2%	-37.2%	-	-35.3%	-62.1%	-197.2%	-93.1%
ROCE %	-	-157.0%	111.5%	154.4%	582.5%	-2,503.0%	-63.9%	-103.4%	-90.5%	-71.8%	-102.9%	-38.7%	-	-36.5%	-62.2%	-116.9%	-92.0%

Shareholding Pattern

Insiders

15.76%

Institutions

36.98%

Public Float

43.89%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	State Street Corporation	8.80%	7.32M	$33.67M
2	Blackrock Inc.	5.73%	4.76M	$21.92M
3	AIGH Capital Management LLC	3.96%	3.30M	$15.16M
4	Vanguard Capital Management LLC	3.45%	2.87M	$13.21M
5	Mitsubishi UFJ Asset Management Co., Ltd.	2.40%	1.99M	$9.17M
6	Geode Capital Management, LLC	1.96%	1.63M	$7.49M
7	Susquehanna International Group, LLP	0.91%	753.12K	$3.46M
8	Nuveen, LLC	0.75%	622.80K	$2.86M
9	Northern Trust Corporation	0.63%	525.44K	$2.42M
10	Vanguard Fiduciary Trust Co	0.56%	462.92K	$2.13M

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VUZI · Technology