Vuzix Corporation

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.

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