$81.4 M

VUZI Mkt cap, 10-Jun-2019

$1.4 M

Vuzix Revenue Q1, 2019
Vuzix Gross profit (Q1, 2019)39.9 K
Vuzix Gross profit margin (Q1, 2019), %2.9%
Vuzix Net income (Q1, 2019)-6.4 M
Vuzix EBIT (Q1, 2019)-6.3 M
Vuzix Cash, 31-Mar-201910.1 M

Vuzix Revenue

Vuzix revenue was $8.09 m in FY, 2018

Embed Graph

Vuzix Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.4m3.0m2.7m2.1m5.5m8.1m

Revenue growth, %

27%(9%)(23%)

Cost of goods sold

1.6m2.1m2.2m3.3m6.2m6.1m

Gross profit

807.0k930.2k566.2k(1.2m)(676.6k)2.0m

Gross profit Margin, %

34%31%21%(55%)(12%)25%

Sales and marketing expense

1.1m1.8m3.4m3.7m4.8m

R&D expense

1.8m1.8m3.6m6.9m6.7m10.4m

General and administrative expense

2.2m2.6m6.1m5.1m6.1m7.0m

Operating expense total

5.5m4.3m11.9m17.4m16.5m23.6m

Depreciation and amortization

377.8k380.8k770.7k998.5k1.5m

EBIT

(5.0m)(11.3m)(18.5m)(19.4m)(21.9m)

EBIT margin, %

(166%)(412%)(871%)(350%)(270%)

Interest expense

503.8k192.1k131.1k88.2k19.3k

Pre tax profit

(13.4m)(19.3m)(19.6m)(21.9m)

Income tax expense

Net Income

(10.1m)(7.9m)(13.4m)(19.3m)(19.6m)(21.9m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

338.8k798.4k723.3k664.6k809.2k427.8k970.4k363.8k560.9k582.5k1.2m1.3m1.4m1.5m2.6m1.9m1.4m

Cost of goods sold

190.0k450.2k462.2k460.2k630.8k392.5k644.2k603.0k686.9k819.1k1.1m1.8m1.5m1.4m2.0m1.3m1.3m

Gross profit

148.8k348.2k261.0k204.4k178.3k35.3k326.1k(239.1k)(126.1k)(236.6k)148.8k(429.5k)(92.0k)177.1k670.2k656.1k39.9k

Gross profit Margin, %

44%44%36%31%22%8%34%(66%)(22%)(41%)12%(32%)(7%)11%25%34%3%

Sales and marketing expense

193.7k364.6k256.8k336.1k345.3k469.4k1.1m651.5k839.5k1.0m800.3k908.8k1.5m1.5m966.3k1.4m

R&D expense

470.3k397.4k295.6k484.5k514.7k732.5k944.4k1.3m1.7m2.2m1.7m1.2m1.5m2.1m2.6m2.5m2.5m

General and administrative expense

585.3k479.6k532.6k592.9k2.9m1.0m1.1m886.3k1.2m1.3m1.2m1.3m1.6m1.7m2.3m1.7m1.9m

Operating expense total

1.1m1.3m828.1k1.1m3.9m1.8m2.1m3.5m2.9m3.5m4.2m2.5m4.0m5.3m6.7m5.5m6.4m

Depreciation and amortization

95.6k99.7k101.4k59.7k78.5k88.3k169.2k183.7k196.4k239.8k243.0k251.4k273.6k295.0k377.7k559.1k

EBIT

(1.3m)(3.7m)(3.8m)(4.7m)(4.0m)(4.0m)(5.5m)(5.4m)(6.1m)(4.8m)(6.3m)

EBIT margin, %

(191%)(1016%)(683%)(811%)(333%)(300%)(393%)(347%)(229%)(252%)(462%)

Interest expense

38.5k28.9k51.5k33.6k24.3k12.6k9.2k7.0k2.9k

Interest income

12.6k3.3k8.1k

Pre tax profit

1.5m239.1k(2.4m)(3.8m)(4.1m)(5.0m)(4.2m)(4.1m)(5.5m)(5.4m)(6.1m)(4.8m)(6.4m)

Income tax expense

24.3k

Net Income

(1.9m)1.5m239.1k(3.3m)(5.1m)(2.4m)(2.4m)(3.8m)(4.1m)(5.0m)(4.2m)(4.1m)(5.5m)(5.4m)(6.1m)(4.8m)(6.4m)

Vuzix Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

310.1k85.0k11.9m14.5m14.9m17.3m

Accounts Receivable

214.9k383.5k325.7k103.3k974.2k772.3k

Inventories

953.6k26.5m48.1m2.7m3.9m7.3m

Current Assets

1.7m2.0m16.5m18.2m21.2m27.4m

PP&E

4.1m4.3m

Total Assets

2.9m3.7m19.6m22.3m26.8m35.1m

Accounts Payable

2.4m2.2m907.4k1.1m3.7m2.7m

Short-term debt

278.5k37.0k

Current Liabilities

3.7m3.4m1.8m4.4m5.4m4.7m

Long-term debt

278.5k37.0k

Non-Current Liabilities

12.2m14.7m1.7m201.5k18.3k

Total Debt

556.9k74.1k

Total Liabilities

15.9m18.1m3.5m4.6m5.5m4.7m

Additional Paid-in Capital

23.2m29.8m73.7m94.5m117.8m148.7m

Retained Earnings

(44.2m)(57.6m)(76.8m)(96.5m)(118.3m)

Total Equity

16.1m17.7m21.4m30.5m

Debt to Assets Ratio

0.2 x0 x

Financial Leverage

1.2 x1.3 x1.3 x1.2 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

2.6m271.8k2.0m564.3k22.9m15.0m16.1m8.2m4.6m5.9m10.4m6.1m8.7m36.1m29.2m23.5m10.1m

Accounts Receivable

163.8k187.8k166.1k117.5k255.1k84.4k664.6k56.5k101.9k119.3k320.6k142.5k470.5k1.1m2.0m1.0m199.8k

Inventories

645.3k1.0m916.8k1.1m1.0m1.1m1.8m3.4m3.5m4.0m2.7m3.4m2.8m4.3m5.3m6.8m8.1m

Current Assets

3.5m1.6m3.1m2.0m24.5m22.6m20.1m12.5m9.5m11.1m14.2m10.8m13.6m42.0m37.7m33.3m19.7m

PP&E

2.3m2.6m3.1m3.4m3.6m3.9m4.2m4.1m4.1m4.5m

Total Assets

4.5m3.0m4.8m3.9m26.2m24.3m22.1m15.7m12.9m15.0m18.3m15.2m18.5m47.8m43.7m39.2m28.4m

Accounts Payable

2.4m2.3m2.1m1.7m828.0k688.4k397.9k437.8k1.1m1.5m1.0m1.8m1.8m1.7m2.6m1.8m1.7m

Short-term debt

406.6k231.4k160.0k89.7k

Current Liabilities

3.7m3.4m3.1m2.9m1.7m1.6m1.3m1.4m3.8m4.4m3.2m3.1m3.3m3.2m4.7m3.6m3.6m

Long-term debt

406.6k231.4k160.0k89.7k

Non-Current Liabilities

8.8m8.6m10.2m11.0m1.4m1.4m1.5m1.7m272.1k328.8k176.4k187.3k20.8k

Total Debt

813.3k462.9k320.0k179.4k

Total Liabilities

12.5m12.0m13.3m13.9m3.1m3.0m2.7m3.1m4.0m4.7m3.4m3.2m3.3m3.2m4.7m3.6m3.9m

Common Stock

17.5k

Preferred Stock

50.0

Additional Paid-in Capital

22.6m25.8m26.1m27.9m72.3m73.0m73.5m73.9m74.3m80.8m95.9m97.0m105.7m146.3m146.8m148.3m149.1m

Retained Earnings

(49.3m)(51.7m)(54.1m)(61.4m)(65.5m)(70.5m)(81.0m)(85.1m)(90.6m)(101.8m)(107.9m)(112.7m)(124.6m)

Total Equity

(8.0m)(9.0m)(8.5m)21.4m19.4m12.6m8.9m10.3m14.9m11.9m15.2m44.6m39.0m35.6m24.5m

Debt to Equity Ratio

-0.1 x-0.1 x0 x

Debt to Assets Ratio

0.2 x0.2 x0.1 x0 x

Financial Leverage

-0.6 x-0.3 x-0.6 x1.1 x1.1 x1.2 x1.5 x1.5 x1.2 x1.3 x1.2 x1.1 x1.1 x1.1 x1.2 x

Vuzix Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(10.1m)(7.9m)(13.4m)(19.3m)(19.6m)(21.9m)

Depreciation and Amortization

377.8k279.3k380.8k770.7k998.5k1.5m

Accounts Receivable

(44.3k)(168.6k)2.4m(870.9k)201.8k

Inventories

(266.4k)41.7k3.1m(2.4m)(3.4m)

Accounts Payable

(379.6k)(237.0k)11.2m2.6m(846.4k)

Purchases of PP&E

(1.4m)

Cash From Investing Activities

(901.3k)(2.7m)(3.1m)

Cash From Financing Activities

28.1m

Interest Paid

230.1k88.5k

Income Taxes Paid

32.5k

Vuzix Ratios

USDY, 2019

Revenue/Employee

17.2k

Financial Leverage

1.2 x

Vuzix Operating Metrics

FY, 2014FY, 2015FY, 2016

Countries

50 50 50

Patent Applications

10 23 39

Patents Pending

39 40 51

Trademarks (Foreign)

41 42 42

Trademarks (US)

10 8 7

Vuzix Employee Rating

4.63 votes
Culture & Values
4.6
Work/Life Balance
3.7
Senior Management
4.0
Salary & Benefits
3.0
Career Opportunities
3.6
Source