VUZI (VUZI) financial statements
VUZI reported revenue of $6M in fiscal 2025, up 12.8% a year over 9 years.
Net income was -$32M and the operating margin -517.6%, against -871.3% in 2016.
Free cash flow was -$21M.
The diluted share count rose 359% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from VUZI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2M | $6M | $8M | $7M | $12M | $13M | $12M | $12M | $6M | $6M |
| Cost of revenue | $3M | $6M | $6M | $11M | $11M | $12M | $10M | $15M | $11M | $7M |
| Gross profit | -$1M | -$676,598 | $2M | -$4M | $597,958 | $2M | $1M | -$3M | -$6M | -$1M |
| Research and development | $7M | $7M | $10M | $9M | $8M | $12M | $13M | $12M | $10M | $13M |
| Selling, general and admin | $9M | $10M | $12M | $11M | $11M | $29M | $29M | $31M | $25M | $17M |
| Operating income | -$19M | -$19M | -$22M | -$27M | -$19M | -$40M | -$42M | -$52M | -$74M | -$33M |
| Interest expense | $131,089 | $88,234 | $19,332 | — | — | — | — | — | — | — |
| Pre-tax income | -$19M | -$20M | -$22M | -$26M | -$18M | -$40M | -$41M | -$50M | -$74M | -$32M |
| Income tax | $0 | $0 | $0 | $0 | $0 | — | — | $0 | $0 | $0 |
| Net income | -$19M | -$20M | -$22M | -$26M | -$18M | -$40M | -$41M | -$50M | -$74M | -$32M |
| EPS (diluted) | $1.23 | $1.02 | $0.87 | -$0.94 | -$0.53 | -$0.66 | -$0.64 | -$0.79 | -$1.08 | -$0.42 |
| Diluted shares | 17M | 21M | 27M | 30M | 38M | 61M | 64M | 63M | 68M | 78M |
| Gross margin | -54.7% | -12.2% | 21.8% | -66.1% | 5.2% | 11.9% | 12.5% | -21.7% | -97.3% | -16.9% |
| Operating margin | -871.3% | -349.5% | -270.1% | -398.3% | -165.2% | -303.7% | -356.8% | -431.2% | -1285.4% | -517.6% |
| Net margin | -904.9% | -354.5% | -270.3% | -396.9% | -155.0% | -306.7% | -344.4% | -413.5% | -1277.9% | -513.9% |
Balance sheet
Fiscal years, from VUZI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $15M | $15M | $17M | $11M | $36M | $120M | $73M | $27M | $18M | $21M |
| Receivables | $103,314 | $974,172 | $772,336 | $1M | $1M | $2M | $4M | $4M | $2M | $2M |
| Inventory | $3M | $4M | $7M | $6M | $6M | $12M | $11M | $9M | $5M | $2M |
| Total current assets | $18M | $21M | $27M | $19M | $45M | $137M | $91M | $42M | $27M | $27M |
| Property, plant and equipment | $3M | $4M | $4M | $4M | $3M | $5M | $4M | $8M | $8M | $8M |
| Goodwill | — | — | — | — | — | — | $2M | — | — | — |
| Total assets | $22M | $27M | $35M | $28M | $52M | $148M | $131M | $86M | $39M | $40M |
| Total current liabilities | $4M | $5M | $5M | $3M | $3M | $4M | $15M | $5M | $2M | $5M |
| Long-term debt | $0 | $0 | — | $2M | — | — | — | — | — | — |
| Total liabilities | $5M | $5M | $5M | $4M | $4M | $5M | $16M | $5M | $2M | $5M |
| Shareholders' equity | $18M | $21M | $30M | $24M | $48M | $144M | $115M | $81M | $37M | $25M |
| Net debt | -$13M | -$15M | -$17M | -$9M | -$36M | -$120M | -$73M | -$27M | -$18M | -$21M |
Cash flow
Fiscal years, from VUZI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14M | -$16M | -$23M | -$22M | -$14M | -$27M | -$25M | -$26M | -$24M | -$19M |
| Capital spending | $2M | $2M | $1M | $2M | $996,629 | $4M | $2M | $5M | $1M | $2M |
| Free cash flow | -$16M | -$19M | -$24M | -$24M | -$15M | -$31M | -$26M | -$32M | -$25M | -$21M |
| Stock-based compensation | $756,928 | $2M | $2M | $1M | $3M | $17M | $16M | $13M | $12M | $5M |
| Share buybacks (net) | — | — | — | — | — | — | -$2M | -$470,757 | — | — |
| Net borrowing | -$76,875 | $0 | $0 | — | $2M | — | — | — | — | — |
| Free cash flow margin | -772.6% | -335.1% | -296.4% | -363.6% | -129.2% | -235.8% | -222.8% | -261.6% | -436.1% | -331.2% |
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Open VUZI in InvestinglyQuestions
What was VUZI's revenue in 2025?
$6M in fiscal 2025, from its 10-K filing.
How much free cash flow does VUZI generate?
-$21M in fiscal 2025 (operating cash flow minus capital spending).
From VUZI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.