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Company Overview Incorporated in Delaware in 1997, Vuzix Corporation ( Vuzix or the Company ) designs, manufactures, and markets AI-enabled smart glasses, waveguides, and augmented reality ( AR ) display technologies. Our products and solutions support enterprise, medical, defense and security, and select consumer applications, with a focus on hands-free computing and near-eye visualization.
The business is unprofitable at the operating level (-517.59% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 31.5% YoY with margins expanding 1030.8pp.
Negative free cash flow of -$21M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$6M
▲ +31.5% YoY
Net Income (TTM)
-$31M
▲ +56.1% YoY
Op. Margin
-507.96%
▲ +1030.8pp YoY
ROIC
-89.98%
▲ +17.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$23M
▲ +17.1% YoY
Op. Cash Flow (TTM)
-$21M
▲ +20.9% YoY
Net Debt
-$19M
Net Cash Position
Cash & Equiv.
$20M
5Y CAGR: -11.5%
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