Vuzix Corporation (VUZI)

From the record

Vuzix Corporation's filings since 2017 show 4 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2022-01-11); an auditor change (8-K item 4.01, the latest 2025-08-27); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2024-04-01) (its current reports).

From the record

Vuzix Corporation's 10 filed years say what it did: revenue went from $2 million in fiscal 2016 to $6 million in fiscal 2025, up 12.8% a year; it rose in 6 of 9 years; the deepest fall was 56% from fiscal 2021 to fiscal 2024; net income was positive in 0 of 10 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Vuzix Corporation lost about 131 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 3 cents per dollar of everything the company owns. Leverage: it owed about 38 cents per dollar of assets, and net share issuance: its share count grew 14.4% over the year (the filed statements).

From the record

Vuzix Corporation's standing among 21 graded names in its industry family: revenue of $6 million in fiscal 2025 ranks in the bottom 8% by size; a net margin of -513.9% ranks in the bottom 2%; revenue growth of -19% a year over the last 3 filed years ranks in the bottom 18% (its annual reports).

From the record

Vuzix Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Travers, Paul J (President and CEO, as filed), filing under that title since 2013-09-16, 13.2 years (top 19% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 5.9 years (top 35%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (top 47%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Vuzix Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $21 million against no long-term debt tagged leaves 52.8% of its assets as net cash, top 17% of its family; cash from operations less capital spending is -331.2% of revenue (bottom 2%); a gross margin of -16.9% (bottom 3%); research spending of 201% of revenue (top 2%) (its annual report).

From the record

Vuzix Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew -19% a year over the last three filed years against 12.8% over all 10, slowing (bottom 3% of its family); the newest year grew 9.1% (top 45%); research spending grew -0.1% a year (top 50%); capital spending grew 5.3% a year (top 34%) (its annual reports). Vuzix Corporation reported 2 product lines in fiscal 2025: Product at $5 million (75%), Engineering Services at $2 million (26%); 2 of 2 grew against the year before (its annual report).

From the record

Vuzix Corporation's newest year against its own record: revenue of $6 million in fiscal 2025 came in 56.5% above the $4 million its prior three years' pace pointed to (top 24% of its family); net income of $32 million against a prior three-year average of $55 million (top 47%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 18%) (its annual reports).