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

Vuzix Office Locations

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

Vuzix Data and Metrics

Vuzix Financial Metrics

Vuzix's revenue was reported to be $1.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

1.2 m

Gross profit (Q1, 2017)

148.8 k

Gross profit margin (Q1, 2017), %

12%

Net income (Q1, 2017)

(4.2 m)

EBIT (Q1, 2017)

(4 m)

Market capitalization (15-Aug-2017)

127.8 m

Cash (31-Mar-2017)

10.4 m
Vuzix's current market capitalization is $127.8 m.
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)

Gross profit Margin, %

34%31%21%(55%)

R&D expense

1.8 m1.8 m3.6 m6.9 m

General and administrative expense

2.2 m2.6 m6.1 m5.1 m

Operating expense total

5.5 m6 m11.9 m17.4 m

EBIT

(5 m)(11.3 m)(18.5 m)

EBIT margin, %

(166%)(412%)(871%)

Interest expense

(503.8 k)(192.1 k)(131.1 k)

Pre tax profit

(13.4 m)(19.3 m)

Net Income

(10.1 m)(7.9 m)(13.4 m)(19.3 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

723.3 k664.6 k809.2 k427.8 k970.4 k363.8 k560.9 k582.5 k1.2 m

Cost of goods sold

462.2 k460.2 k630.8 k392.5 k644.2 k603 k686.9 k819.1 k1.1 m

Gross profit

261 k204.4 k178.3 k35.3 k326.1 k(239.1 k)(126.1 k)(236.6 k)148.8 k

Gross profit Margin, %

36%31%22%8%34%(66%)(22%)(41%)12%

R&D expense

295.6 k484.5 k514.7 k732.5 k944.4 k1.3 m1.7 m2.2 m1.7 m

General and administrative expense

532.6 k592.9 k2.9 m1 m1.1 m886.3 k1.2 m1.3 m1.2 m

Operating expense total

828.1 k1.1 m3.4 m1.8 m2.1 m2.2 m2.9 m3.5 m2.9 m

EBIT

(1.3 m)(3.7 m)(3.8 m)(4.7 m)(4 m)

EBIT margin, %

(191%)(1016%)(683%)(811%)(333%)

Interest expense

(28.9 k)(51.5 k)(33.6 k)

Interest income

12.6 k3.3 k8.1 k

Pre tax profit

(3.8 m)(4.1 m)(5 m)(4.2 m)

Net Income

239.1 k(3.3 m)(5.1 m)(2.4 m)(2.4 m)(3.8 m)(4.1 m)(5 m)(4.2 m)
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

Total Assets

2.9 m3.7 m19.6 m22.3 m

Accounts Payable

2.4 m2.2 m907.4 k1.1 m

Total Debt

556.9 k74.1 k

Current Liabilities

3.7 m3.4 m1.8 m4.4 m

Non-Current Liabilities

12.2 m14.7 m1.7 m201.5 k

Total Liabilities

15.9 m18.1 m3.5 m4.6 m

Additional Paid-in Capital

23.2 m29.8 m73.7 m94.5 m

Retained Earnings

(44.2 m)(57.6 m)(76.8 m)

Total Equity

16.1 m17.7 m

Debt to Assets Ratio

0.2 x0 x

Financial Leverage

1.2 x1.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

2 m564.3 k22.9 m15 m16.1 m8.2 m4.6 m5.9 m10.4 m

Accounts Receivable

166.1 k117.5 k255.1 k84.4 k664.6 k56.5 k101.9 k119.3 k320.6 k

Inventories

916.8 k1.1 m1 m1.1 m1.8 m3.4 m3.5 m4 m2.7 m

Current Assets

3.1 m2 m24.5 m22.6 m20.1 m12.5 m9.5 m11.1 m14.2 m

Total Assets

4.8 m3.9 m26.2 m24.3 m22.1 m15.7 m12.9 m15 m18.3 m

Accounts Payable

2.1 m1.7 m828 k688.4 k397.9 k437.8 k1.1 m1.5 m1 m

Current Liabilities

3.1 m2.9 m1.7 m1.6 m1.3 m1.4 m3.8 m4.4 m3.2 m

Non-Current Liabilities

10.2 m11 m1.4 m1.4 m1.5 m1.7 m272.1 k328.8 k176.4 k

Common Stock

17.5 k

Preferred Stock

50

Additional Paid-in Capital

26.1 m27.9 m72.3 m73 m73.5 m73.9 m74.3 m80.8 m95.9 m

Retained Earnings

(49.3 m)(51.7 m)(54.1 m)(61.4 m)(65.5 m)(70.5 m)(81 m)

Total Equity

(8.5 m)21.4 m19.4 m12.6 m8.9 m10.3 m14.9 m

Financial Leverage

-0.6 x1.1 x1.1 x1.2 x1.5 x1.5 x1.2 x
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

Accounts Receivable

(44.3 k)(168.6 k)2.4 m

Inventories

(266.4 k)41.7 k3.1 m

Accounts Payable

(379.6 k)(237 k)11.2 m

Cash From Investing Activities

(901.3 k)

Interest Paid

230.1 k88.5 k

Income Taxes Paid

32.5 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

239.1 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

101.4 k59.7 k59.6 k78.5 k88.3 k169.2 k183.7 k196.4 k239.8 k

Accounts Receivable

166.1 k117.5 k269.2 k(217.3 k)

Inventories

916.8 k(57 k)(69.6 k)

Accounts Payable

2.1 m1.7 m(469.7 k)(82.3 k)

Cash From Investing Activities

(442.1 k)(305.1 k)
Y, 2017

Financial Leverage

1.2 x

Vuzix Operating Metrics

Vuzix's Patent Applications was reported to be 39 in FY, 2016, which is a 70% increase from the previous period
FY, 2014FY, 2015FY, 2016

Patents Pending

394051

Patent Applications

102339

Trademarks (US)

1087

Trademarks (foreign)

414242

Countries

505050

    Vuzix Market Value History

    Traffic Overview of Vuzix

    Vuzix Online and Social Media Presence

    Vuzix News and Updates

    New augmented reality visualization app Dotty has launched in the app store

     As augmented reality continues its march into the workplace, new tools are emerging to integrate collaboration and visualization tools into virtual and augmented reality. One application, which recently launched on both iOS and Android, is DOTTY, which provides three-dimensional visualization tools…

    Snapchat’s IPO: Toshiba’s distribution deal with Vuzix has interesting timing

    Last week Toshiba’s move to sign a distribution deal with Vuzix has particularly interesting timing; given the launch of Snap Inc.’s IPO. As mainstream businesses are beefing up to capitalize on the booming augmented reality (AR) market, could this be part of Toshiba’s long-term AR monetization stra…

    Vuzix aims to ship thin augmented reality smartglasses in 2017

    Vuzix knows that people don’t want to be embarrassed when they put something on their face. So the company is working hard to ship a pair of augmented reality smartglasses this year that will be thin enough to wear comfortably on your head. The Rochester, N.Y.-based company unveiled its latest model…

    Vuzix Shares Dive 38% After Intel Halts Headset Partnership

    Intel had invested nearly $25 million in the company.

    Vuzix Company Life and Culture

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