Vuzix Corp (OQ:VUZI)

Business Focus: Electronic Equipment & Parts

Sector:  Technology Industry:  Electronic Equipment & Parts
 
See Regulatory Filings on SEC
Company Contact
Address: 25 Hendrix Rd Ste A
WEST HENRIETTA NY 14586-9205
Tel: N/A
Website: https://www.vuzix.com
IR: See website
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Key People
Paul J. Travers
President, Chief Executive Officer, Co-Founder, Director
Grant Russell
Co-Founder, Chief Financial Officer, Executive Vice President, Director
 
Business Overview
Vuzix Corporation is engaged in the designing, manufacturing, marketing and sale of augmented reality wearable display and computing devices. The Company offers its products in the form of smart glasses and augmented reality (AR) glasses. Its devices include cameras, sensors, and a computer that enable the user to view, record and interact with video and digital content, such as computer data, the Internet and entertainment applications. Its wearable display products integrate micro-display technology with optics to produce compact high-resolution display engines. Its products include M400 and M4000 Smart Glasses (M series), Vuzix Blade Smart Glasses, Vuzix Shield Smart Glasses, Vuzix Ultralite Smart Glasses and Mobilium Logistics Mobility Software. It holds over 278 patents and patents pending, and numerous intellectual property (IP) licenses in the Video Eyewear field. It also offers SAP Certified ERP Software as a Service (SaaS) logistics solutions, through its subsidiary, Moviynt.
Financial Overview
For the nine months ended 30 September 2023, Vuzix Corp revenues increased 24% to $11.1M. Net loss increased 1% to $30.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Selling and Marketing increase of 35% to $7.9M (expense), Depreciation and Amortization increase from $1.1M to $2.9M (expense).
Employees: 111 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $46.18M as of Sep 30, 2023
Annual revenue (TTM): $13.96M as of Sep 30, 2023
EBITDA (TTM): -$39.20M as of Sep 30, 2023
Net annual income (TTM): -$41.03M as of Sep 30, 2023
Free cash flow (TTM): -$47.63M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 63,327,608 as of Nov 9, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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