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 Financials

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 (Q2, 2017)

1.3 m

Gross profit (Q2, 2017)

(429.5 k)

Gross profit margin (Q2, 2017), %

(32.4%)

Net income (Q2, 2017)

(4.1 m)

EBIT (Q2, 2017)

(4 m)

Market capitalization (20-Apr-2018)

145.3 m

Cash (30-Jun-2017)

6.1 m
Vuzix's current market capitalization is $145.3 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, 2017

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 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 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)

Gross profit Margin, %

44%44%36%31%22%8%34%(66%)(22%)(41%)12%(32%)
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, 2017

Cash

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

Inventories

645.3 k1 m916.8 k1.1 m1 m1.1 m1.8 m3.4 m3.5 m4 m2.7 m3.4 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 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, 2017

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)

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 k

Inventories

916.8 k(57 k)(69.6 k)

Accounts Payable

2.1 m1.7 m(469.7 k)(82.3 k)
USDY, 2017

Financial Leverage

1.3 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 News and Updates

Smart Eyewear Technology Market 2018 Global Analysis, Growth, Size, Share, Trends, Forecast to 2023

Wiseguyreports.Com adds “Smart Eyewear Technology Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday

Virtual Reality (VR) Market Set to Reach USD 26.89 Bn by 2022

According to the report, the global virtual reality (VR) market was valued at approximately USD 2.02 billion in 2016 and is expected to reach approximately USD 26.89 billion by 2022, growing at a CAGR of around 54.01% between 2017 and 2022. Posted via Industry Today. Follow us on Twitter @IndustryTo…

AR and VR Smart Glasses Market is projected to reach USD 31 Billion at a CAGR of over 13% by Forecast to 2023

Global AR and VR Smart Glasses Market: by Device Type (Binocular, Monocular), Product (Mobile phone smart glasses, Integrated Smart glasses) –Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Vuzix (NAZDAQ: VUZI) - An Undervalued Drone Tech Play

This article is published in collaboration with Scutify, where you can find real-time markets a
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