Founded in 1997, Vuzix is a growing, dynamic company that specializes in the design and manufacture of high quality wearable optical display systems for commercial, industrial, and consumer applications. Products include consumer video, gaming display, medical, and ruggedized display systems for industrial customers. Our rapid response philosophy provides turnkey solutions for components and fully integrated solutions engineered to customer requirements Worn like regular glasses, all of our Video Eyewear models provide a big screen viewing experience ranging from 44" to 75" virtual displays. Now you can connect to PCs, portable media players, gaming consoles, mobile phones and laptops.
Type
Public
HQ
West Henrietta, US
Founded
1997
Size (employees)
41 (est)
Website
vuzix.com
Vuzix was founded in 1997 and is headquartered in West Henrietta, US
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Vuzix Office Locations

Vuzix has an office in West Henrietta
West Henrietta, US (HQ)
a 25 Hendrix Rd
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Vuzix Financials and Metrics

Vuzix Revenue

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Vuzix's revenue was reported to be $2.13 m in FY, 2016 which is a 22.6% decrease from the previous period.
USD

Revenue (Q1, 2018)

1.5 m

Gross profit (Q1, 2018)

177.1 k

Gross profit margin (Q1, 2018), %

11.5%

Net income (Q1, 2018)

(5.4 m)

EBIT (Q1, 2018)

(5.4 m)

Market capitalization (18-Jul-2018)

218.1 m

Closing share price (18-Jul-2018)

8

Cash (31-Mar-2018)

36.1 m
Vuzix's current market capitalization is $218.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.4 m3 m2.7 m2.1 m

Revenue growth, %

27%(9%)(23%)

Cost of goods sold

1.6 m2.1 m2.2 m3.3 m

Gross profit

807 k930.2 k566.2 k(1.2 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

338.8 k798.4 k723.3 k664.6 k809.2 k427.8 k970.4 k363.8 k560.9 k582.5 k1.2 m1.3 m1.5 m

Cost of goods sold

190 k450.2 k462.2 k460.2 k630.8 k392.5 k644.2 k603 k686.9 k819.1 k1.1 m1.8 m1.4 m

Gross profit

148.8 k348.2 k261 k204.4 k178.3 k35.3 k326.1 k(239.1 k)(126.1 k)(236.6 k)148.8 k(429.5 k)177.1 k

Gross profit Margin, %

44%44%36%31%22%8%34%(66%)(22%)(41%)12%(32%)11%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

310.1 k85 k11.9 m14.5 m

Accounts Receivable

214.9 k383.5 k325.7 k103.3 k

Inventories

953.6 k26.5 m48.1 m2.7 m

Current Assets

1.7 m2 m16.5 m18.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

2.6 m271.8 k2 m564.3 k22.9 m15 m16.1 m8.2 m4.6 m5.9 m10.4 m6.1 m36.1 m

Accounts Receivable

163.8 k187.8 k166.1 k117.5 k255.1 k84.4 k664.6 k56.5 k101.9 k119.3 k320.6 k142.5 k1.1 m

Inventories

645.3 k1 m916.8 k1.1 m1 m1.1 m1.8 m3.4 m3.5 m4 m2.7 m3.4 m4.3 m

Current Assets

3.5 m1.6 m3.1 m2 m24.5 m22.6 m20.1 m12.5 m9.5 m11.1 m14.2 m10.8 m42 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(10.1 m)(7.9 m)(13.4 m)(19.3 m)

Depreciation and Amortization

377.8 k279.3 k380.8 k770.7 k

Inventories

(266.4 k)41.7 k3.1 m

Accounts Payable

(379.6 k)(237 k)11.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(1.9 m)1.5 m239.1 k(3.3 m)(5.1 m)(2.4 m)(2.4 m)(3.8 m)(4.1 m)(5 m)(4.2 m)(5.4 m)

Depreciation and Amortization

95.6 k99.7 k101.4 k59.7 k59.6 k78.5 k88.3 k169.2 k183.7 k196.4 k239.8 k273.6 k

Inventories

916.8 k(57 k)(69.6 k)(424 k)

Accounts Payable

2.1 m1.7 m(469.7 k)(82.3 k)(2 m)
USDY, 2018

Financial Leverage

1.1 x
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Vuzix Operating Metrics

Vuzix's Patent Applications was reported to be 39 in FY, 2016.
FY, 2014FY, 2015FY, 2016

Patent Applications

10 23 39

Patents Pending

39 40 51

Trademarks (US)

10 8 7

Trademarks (foreign)

41 42 42
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Vuzix Online and Social Media Presence

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Vuzix News and Updates

Vuzix Set to Join the Russell 2000 Index

ROCHESTER, N.Y., June 19, 2018 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses, Augmented Reality (AR) technologies and products for the consumer and enterprise markets, is set to join the broad-market Russell 2000®...

Vuzix Appoints Vice President of Operations and Vice President of Engineering

ROCHESTER, N.Y., June 13, 2018 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses, Augmented Reality (AR) technologies and products for the consumer and enterprise markets, is pleased to announce that the Company has...

Vuzix Launches the Vuzix Blade® Smart Glasses Developer Center

ROCHESTER, N.Y., June 12, 2018 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses, Augmented Reality (AR) technologies and products for the consumer and enterprise markets, is pleased to announce that the Company has opened...
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Vuzix Company Life and Culture

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