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 |
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 |