A Business at a Glance
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Vuzix Corp
VUZI
$176M
Mkt Cap
$2.29
-0.43%
Vuzix Corp (VUZI) has a 5-year average return on invested capital (ROIC) of -67.7%. This is below average and may indicate limited pricing power.
Vuzix Corp (VUZI) has a market capitalization of $176M. It is classified as a small-cap stock.
Vuzix Corp (VUZI) does not currently pay a regular dividend.
Vuzix Corp (VUZI) operates in the Radio & Tv Broadcasting & Communications Equipment industry, within the Industrials sector.
Vuzix Corp (VUZI) generated $-21 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Vuzix Corp (VUZI) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
Vuzix Corp (VUZI) reported earnings per share (EPS) of $-0.42 in its most recent fiscal year.
Company Overview Incorporated in Delaware in 1997, Vuzix Corporation ("Vuzix" or "the Company") is a leading designer, manufacturer, and marketer of Artificial Intelligence (AI)-powered Smart Glasses, Waveguides, and Augmented Reality (AR) technologies. Our solutions serve the enterprise, medical, defense, security, and select consumer markets, offering cutting-edge wearable computing and display technologies that enhance productivity and operational efficiency. Our product lineup includes near-eye displays (NEDs), heads-up displays (HUDs), and wearable computing devices that provide users with a high-quality, portable viewing experience. These smart display systems—worn like eyeglasses or attached to a head-mounted frame—typically include cameras, sensors, and onboard computing that allow users to view, record, and interact with video and digital content, including internet-based applications, cloud-based AI assistants, and real-time AR overlays.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | - | - | - | - |
| Net Income | -32M | -32M | -74M | -50M | -41M | -40M |
| EPS | $-0.42 | $-0.42 | $-1.08 | $-0.79 | $-0.64 | $-0.66 |
| Free Cash Flow | -21M | -21M | -25M | -32M | -26M | -31M |
| ROIC | -566.4% | -104.4% | -124.5% | -51.1% | -31.5% | -26.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.04 | 0.04 | 0.01 | 0.00 | 0.01 | - |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | -33M | -33M | -74M | -52M | -42M | -40M |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | -131.0% | -104.4% | -124.5% | -51.1% | -31.5% | - |
| Shares Outstanding | 77M | 77M | 68M | 63M | 64M | 61M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | 12M | N/A | N/A | N/A | N/A | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | 5.2% | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 1.8M | 3.6M | 6.9M | 6.7M | 10M | 8.9M | 7.6M | 12M | 13M | 12M | 9.6M | 13M | 13M |
| SG&A | 2.6M | 6.1M | 5.1M | 6.1M | 7.0M | 6.6M | 6.9M | 23M | 21M | 19M | 17M | 12M | 12M |
| EBIT | -5.0M | -11M | -19M | -19M | -22M | -27M | -19M | -40M | -42M | -52M | -74M | -33M | -33M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | -165.2% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | -7.9M | -15M | -21M | -21M | -24M | -28M | -20M | -40M | -41M | -50M | -74M | -32M | -32M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | -172.8% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 105K | 13K | -5K | 1.2M | 156K | 0 | 74K | -103K | 62K | 1.0M | -28K | -107K | -107K |
| Returns on Capital | |||||||||||||
| ROIC | -110.8% | -162.9% | -119.1% | -109.2% | -91.4% | -103.9% | -55.2% | -26.9% | -31.5% | -51.1% | -124.5% | -104.4% | N/M |
| ROE | 57.4% | -92.8% | -123.4% | -109.2% | -91.4% | -103.9% | -55.2% | N/A | -31.5% | -51.1% | -124.5% | -104.4% | -131.0% |
| ROA | -244.0% | -129.1% | -99.6% | -86.8% | -76.5% | -89.4% | -49.5% | -40.2% | -29.2% | -46.2% | -117.1% | -81.4% | -80.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -4.6M | -12M | -14M | -16M | -23M | -22M | -14M | -27M | -25M | -26M | -24M | -19M | -19M |
| Free Cash Flow | -4.8M | -14M | -16M | -18M | -24M | -24M | -14M | -31M | -26M | -32M | -25M | -21M | -21M |
| Owner Earnings | -5.1M | -13M | -17M | -21M | -28M | -28M | -18M | -45M | -42M | -46M | -42M | -26M | -26M |
| CapEx | 196K | 1.9M | 2.0M | 1.7M | 1.4M | 1.9M | 497K | 3.8M | 1.7M | 5.3M | 1.4M | 2.0M | 2.0M |
| Maint. CapEx | 279K | 1.0M | 1.7M | 2.3M | 3.1M | 4.6M | 1.1M | 988K | 1.8M | 7.3M | 6.7M | 1.6M | 1.6M |
| Growth CapEx | 0 | 851K | 353K | 0 | 0 | 0 | 0 | 2.8M | 0 | 0 | 0 | 411K | 411K |
| D&A | 279K | 1.0M | 1.7M | 2.3M | 3.1M | 4.6M | 1.1M | 988K | 1.8M | 7.3M | 6.7M | 1.6M | 1.6M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.0M | 471K | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 261K | 569K | 757K | 1.9M | 2.3M | 1.5M | 2.8M | 17M | 16M | 13M | 12M | 5.3M | 5.3M |
| Debt Repayment | 346K | 197K | 77K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 1.1M | -11M | -13M | -15M | -17M | -8.5M | -35M | -119M | -72M | -26M | -18M | -20M | -20M |
| Cash & Equiv. | 85K | 12M | 15M | 15M | 17M | 11M | 36M | 120M | 73M | 27M | 18M | 21M | 21M |
| Long-Term Debt | 976K | 1.2M | 0 | 0 | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.0M |
| Debt/Equity | -0.08 | 0.08 | 0.08 | 0.00 | 0.00 | 0.09 | 0.03 | N/A | 0.01 | 0.00 | 0.01 | 0.04 | 0.04 |
| Interest Coverage | -30.4 | -73.1 | -141.4 | -219.4 | -1130.8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | -14M | 16M | 18M | 21M | 30M | 24M | 48M | N/A | 115M | 81M | 37M | 25M | 25M |
| Total Assets | 3.6M | 20M | 22M | 27M | 35M | 28M | 52M | 148M | 131M | 86M | 39M | 40M | 40M |
| Total Liabilities | 18M | 3.5M | 4.6M | 5.5M | 4.7M | 4.2M | 4.2M | N/A | 16M | 5.4M | 2.1M | 5.4M | 5.4M |
| Intangibles | 423K | 516K | 535K | 814K | 1.2M | 1.3M | 1.6M | 2.0M | 2.2M | 2.6M | 3.0M | 3.4M | 3.4M |
| Retained Earnings | -44M | -58M | -77M | -96M | -118M | -145M | -163M | -203M | -244M | -294M | -368M | -400M | -400M |
| Working Capital | -1.4M | 15M | 14M | 16M | 23M | 16M | 42M | 133M | 75M | 36M | 25M | 22M | 22M |
| Current Assets | 2.0M | 17M | 18M | 21M | 27M | 19M | 45M | 137M | 91M | 42M | 27M | 27M | 27M |
| Current Liabilities | 3.4M | 1.8M | 4.4M | 5.5M | 4.7M | 2.6M | 3.1M | 4.2M | 15M | 5.2M | 2.1M | 4.9M | 4.9M |
| Per Share Data | |||||||||||||
| EPS | -0.75 | -0.97 | -1.07 | -0.88 | -0.86 | -0.94 | -0.53 | -0.66 | -0.64 | -0.79 | -1.08 | -0.42 | -0.42 |
| Owner EPS | -0.49 | -0.86 | -0.86 | -0.85 | -1.01 | -0.94 | -0.47 | -0.74 | -0.66 | -0.73 | -0.62 | -0.33 | -0.33 |
| Book Value | -1.37 | 1.04 | 0.91 | 0.88 | 1.10 | 0.80 | 1.28 | N/A | 1.81 | 1.27 | 0.55 | 0.32 | 0.32 |
| Cash Flow/Share | -0.44 | -0.76 | -0.74 | -0.68 | -0.82 | -0.74 | -0.37 | -0.44 | -0.38 | -0.41 | -0.35 | -0.24 | -0.40 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 10.5M | 15.4M | 19.6M | 24.3M | 27.6M | 30.2M | 37.8M | 61.2M | 63.7M | 63.5M | 68.1M | 77.0M | 77.0M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | 6.3 | 5.3 | 2.2 | 17.2 | N/A | N/A | N/A | N/A | N/A | -5.5 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 6.3 | 6.7 | 8.3 | 5.0 | 5.0 | 10.9 | N/A | N/A | N/A | N/A | N/A | 7.1 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | 15.5 | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | -12.1% | -13.4% | -13.7% | -10.3% | -15.6% | -20.0% | -2.7% | N/A | N/A | N/A | N/A | N/A | -11.8% |
| Market Cap | 40M | 102M | 120M | 177M | 154M | 122M | 529M | 0 | 0 | 0 | 0 | 0 | 176M |
| Avg. Price | 3.00 | 5.74 | 6.68 | 6.08 | 6.75 | 2.87 | 3.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.29 |
| Year-End Price | 3.77 | 6.59 | 7.05 | 6.40 | 4.64 | 2.10 | 9.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.29 |
Vuzix Corp passes 0 of 9 quality checks, indicating weak fundamentals.
At current prices, the estimated annualized return to fair value is -22.3%.
Vuzix Corp (VUZI) has a return on equity (ROE) of -104.4%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 16 years of financial data for Vuzix Corp (VUZI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Vuzix Corp (VUZI) has a book value per share of $0.32, based on its most recent annual SEC filing.
No recent press releases.