AI-generated analysis. Always verify with the original filing.
Vuzix Corporation reported a net loss of $32.3 million for FY 2025, an improvement from a $73.5 million loss in FY 2024. Total sales increased 9% year-over-year to $6.3 million, driven by a 4% increase in product sales to $4.7 million and a 27% increase in engineering services revenue to $1.6 million. The company's gross loss narrowed significantly to $1.1 million from $5.6 million in the prior year, primarily due to a substantial reduction in inventory obsolescence charges. Operating expenses totaled $31.4 million, including significant impairment charges on intangible assets and equity investments. The company ended the year with $21.2 million in cash and cash equivalents, having raised $24.4 million from financing activities including a $10 million preferred stock sale to Quanta Computer and $14.3 million from its ATM program.
EPS
-$0
Revenue
$6.3M
Net Income
-$32.3M
Gross Margin
-17%
Gross Profit
-$1.1M
free cash flow
-$21.4M
Operating Income
-$32.5M
operating margin
-517%