Vuzix Corporation (VUZI)

Vuzix Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5.75	12.13	11.84	13.16	11.58
Revenue Growth (YoY)	-52.56%	2.48%	-10.10%	13.67%	73.62%
Cost of Revenue	10.62	13.88	9.55	10.27	9.47
Gross Profit	-4.87	-1.75	2.28	2.89	2.11
Selling, General & Admin	25.42	31.3	29.12	28.62	10.95
Research & Development	9.63	12.34	12.68	11.67	7.57
Other Operating Expenses	-0.06	0.23	0.21	0.31	0.1
Operating Expenses	38.72	48.61	44.59	42.91	21.27
Operating Income	-43.58	-50.35	-42.31	-40.02	-19.16
Interest & Investment Income	0.59	2.22	1.4	0.05	0.04
Currency Exchange Gain (Loss)	-0.22	-0.04	-0.18	-0.14	-0.07
Other Non Operating Income (Expenses)	-	0.21	0.47	-	-
EBT Excluding Unusual Items	-43.21	-47.97	-40.63	-40.11	-19.18
Impairment of Goodwill	-	-2.14	-	-	-
Gain (Loss) on Sale of Assets	-0.03	-	-0.04	-0.18	-
Asset Writedown	-30.3	-0.04	-0.1	-0.08	-0.07
Other Unusual Items	-	-	-	-	1.31
Pretax Income	-73.54	-50.15	-40.76	-40.38	-17.95
Net Income	-73.54	-50.15	-40.76	-40.38	-17.95
Preferred Dividends & Other Adjustments	-	-	-	-	2.06
Net Income to Common	-73.54	-50.15	-40.76	-40.38	-20.01
Shares Outstanding (Basic)	68	63	64	61	38
Shares Outstanding (Diluted)	68	63	64	61	38
Shares Change (YoY)	6.94%	-0.43%	4.23%	60.39%	25.57%
EPS (Basic)	-1.08	-0.79	-0.64	-0.66	-0.53
EPS (Diluted)	-1.08	-0.79	-0.64	-0.66	-0.53
Free Cash Flow	-25.1	-31.6	-26.24	-30.79	-14.46
Free Cash Flow Per Share	-0.37	-0.50	-0.41	-0.50	-0.38
Gross Margin	-84.55%	-14.42%	19.28%	21.95%	18.23%
Operating Margin	-757.37%	-415.15%	-357.49%	-304.02%	-165.42%
Profit Margin	-1277.91%	-413.46%	-344.41%	-306.70%	-172.76%
Free Cash Flow Margin	-436.15%	-260.54%	-221.74%	-233.88%	-124.86%
EBITDA	-39.82	-45.69	-39.89	-37.95	-16.7
EBITDA Margin	-	-	-	-288.30%	-144.19%
D&A For EBITDA	3.76	4.67	2.42	2.07	2.46
EBIT	-43.58	-50.35	-42.31	-40.02	-19.16
EBIT Margin	-	-	-	-	-165.42%
Revenue as Reported	5.75	12.13	11.84	13.16	11.58
Advertising Expenses	0.65	2.28	1.67	1.26	0.97

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q