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Technology · Consumer Electronics · United States · Updated May 10, 11:20pm
$3.11
Price
$258.6M
Market Cap
76
Employees
1.52
Beta
Paul J. Travers
CEO
Business Description
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 internationally. It provides M300XL, M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; and Vuzix Shield smart glasses, as well as custom and engineering solutions. The company sells its products through resellers, direct to commercial customers, and via online stores, as well as various Vuzix operated web stores in Europe and Japan. 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.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-7.40
Stock Price: $3.11
EPS (Diluted): -0.42
EPS (Diluted): -0.42
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
8.46
Stock Price: $3.11
Total Equity: $34.68M
Shares: 77,596,000
Total Equity: $34.68M
Shares: 77,596,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-8.43
Market Cap: $258.62M
Total Debt: $0.00
Cash: $21.15M
EBITDA: -$29.25M
Total Debt: $0.00
Cash: $21.15M
EBITDA: -$29.25M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$273.2M
Market Cap: $258.62M
Total Debt: $0.00
Cash: $21.15M
Total Debt: $0.00
Cash: $21.15M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
-16.9%
Gross Profit: -$1.06M
Revenue: $6.28M
Revenue: $6.28M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-515.5%
Operating Income: -$32.38M
Revenue: $6.28M
Revenue: $6.28M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-513.9%
Net Income: -$32.27M
Revenue: $6.28M
Revenue: $6.28M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-92.7%
Net Income: -$32.27M
Total Equity: $34.68M
Total Equity: $34.68M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-90.8%
Operating Income: -$32.38M
Tax Rate: 0.0%
Equity: $34.68M
Total Debt: $0.00
Cash: $21.15M
Tax Rate: 0.0%
Equity: $34.68M
Total Debt: $0.00
Cash: $21.15M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
5.56
Current Assets: $27.20M
Current Liabilities: $4.89M
Current Liabilities: $4.89M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $34.68M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $34.68M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.08
Revenue: $6.28M
Shares: 77,596,000
Shares: 77,596,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.45
Total Equity: $34.68M
Shares: 77,596,000
Shares: 77,596,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.28
Operating CF: -$18.79M
CapEx: -$2.57M
Shares: 77,596,000
CapEx: -$2.57M
Shares: 77,596,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $3.11
Stock Price: $3.11
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$32.27M
Net Income: -$32.27M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares VUZI against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.2M | $11.8M | $12.1M | $5.8M | $6.3M |
| Cost of Revenue | $10.3M | $9.6M | $13.9M | $10.6M | $7.3M |
| Gross Profit | $2.9M | $2.3M | -$1.7M | -$4.9M | -$1.1M |
| Operating Expenses | $42.9M | $44.5M | $50.6M | $69.1M | $31.3M |
| Operating Income | -$40.0M | -$42.2M | -$52.3M | -$74.0M | -$32.4M |
| Net Income | -$40.4M | -$40.8M | -$50.1M | -$73.5M | -$32.3M |
| EBITDA | -$38.0M | -$39.9M | -$45.4M | -$39.8M | -$29.3M |
| EPS | $-0.66 | $-0.62 | $-0.79 | $-1.08 | $-0.42 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $120.2M | $72.6M | $26.6M | $18.2M | $21.2M |
| Total Current Assets | $137.2M | $91.2M | $41.5M | $26.7M | $27.2M |
| Total Assets | $148.5M | $132.3M | $86.1M | $39.4M | $40.1M |
| Current Liabilities | $4.2M | $15.3M | $5.2M | $2.1M | $4.9M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.7M | $15.6M | $5.4M | $2.1M | $5.4M |
| Total Equity | $143.7M | $116.7M | $80.8M | $37.3M | $34.7M |
| Retained Earnings | -$203.1M | -$243.8M | -$294.0M | -$367.5M | -$399.9M |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$27.0M | -$24.5M | -$26.3M | -$23.7M | -$18.8M |
| Capital Expenditure | -$4.9M | -$18.9M | -$16.6M | -$2.9M | -$2.6M |
| Free Cash Flow | -$31.8M | -$43.4M | -$42.9M | -$26.7M | -$21.4M |
| Acquisitions (net) | $0 | -$2.3M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$2.0M | $-470,757 | $0 | $0 |
| Net Change in Cash | $84.1M | -$47.6M | -$46.0M | -$8.4M | $3.0M |
Analyst Estimates (Annual)
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue |
$6.3M $6.3M – $6.3M
|
$6.0M $6.0M – $6.0M
|
$6.0M $6.0M – $6.0M
|
$12.5M $12.5M – $12.5M
|
| EBITDA |
-$6.3M -$6.3M – -$6.3M
|
-$6.0M -$6.0M – -$6.0M
|
-$6.0M -$6.0M – -$6.0M
|
-$12.5M -$12.5M – -$12.5M
|
| Net Income |
-$97.9M -$97.9M – -$97.9M
|
-$77.6M -$77.6M – -$77.6M
|
-$31.0M -$31.0M – -$31.0M
|
-$32.6M -$32.6M – -$32.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -10.1% | +2.5% | -52.6% | +9.1% |
| Gross Profit Growth | -21.0% | -176.6% | -178.2% | +78.2% |
| Operating Income Growth | -5.6% | -23.8% | -41.4% | +56.2% |
| Net Income Growth | -1.0% | -23.0% | -46.6% | +56.1% |
| EBITDA Growth | -5.1% | -13.9% | +12.3% | +26.5% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-29 | Russell Grant | A-Award | 193,258.00 | $0.00 | $0 |
| 2026-04-29 | Travers Paul J | A-Award | 477,178.00 | $0.00 | $0 |
| 2026-04-22 | Parkinson Christopher Iain | D-Return | 1,000,000.00 | $0.00 | $0 |
| 2026-03-04 | Parkinson Christopher Iain | S-Sale | 11,663.00 | $2.69 | $31,368 |
| 2025-12-22 | Parkinson Christopher Iain | S-Sale | 9,457.00 | $2.92 | $27,614 |
| 2025-09-29 | Parkinson Christopher Iain | A-Award | 1,000,000.00 | $0.00 | $0 |
| 2025-09-29 | Parkinson Christopher Iain | A-Award | 150,000.00 | $0.00 | $0 |
| 2025-08-05 | MacKinnon Alasdair John | A-Award | 65,295.00 | $0.00 | $0 |
| 2025-08-05 | MacKinnon Alasdair John | 0.00 | $0.00 | $0 | |
| 2025-09-19 | Quanta Computer Inc. | P-Purchase | 230,242.00 | $2.17 | $499,994 |
| 2025-09-03 | Parkinson Christopher Iain | 0.00 | $0.00 | $0 | |
| 2025-07-01 | Whitten-Doolin Paula Beck | A-Award | 31,746.00 | $0.00 | $0 |
| 2025-07-01 | Kay Edward William Jr. | A-Award | 31,746.00 | $0.00 | $0 |
| 2025-07-01 | Harned Timothy Heydenreich | A-Award | 31,746.00 | $0.00 | $0 |
| 2025-06-13 | Quanta Computer Inc. | P-Purchase | 189,717.00 | $2.64 | $499,904 |
| 2025-02-06 | Jameson Peter Hamilton | J-Other | 18,025.00 | $0.00 | $0 |
| 2025-01-02 | Russell Grant | J-Other | 1,625,000.00 | $19.00 | $30.9M |
| 2025-01-02 | Travers Paul J | J-Other | 3,010,000.00 | $19.00 | $57.2M |
| 2025-01-02 | Jameson Peter Hamilton | A-Award | 111,642.00 | $0.00 | $0 |
| 2025-01-02 | Jameson Peter Hamilton | J-Other | 270,000.00 | $19.00 | $5.1M |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27