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Vuzix Corporation (VUZI)
NASDAQ:VUZI
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.16Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 3.67%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic partnerships and new product launches, which are expected to drive future growth. However, the company faced significant revenue declines and increased losses in 2024. While there are positive prospects, current financial challenges present notable concerns.Company Guidance
During the Vuzix Corporation's conference call for the fourth quarter and full year ending December 31, 2024, the company provided guidance and discussed several key metrics. Vuzix highlighted a strategic partnership with Quanta Computer, which includes a $20 million multi-phase investment aimed at revolutionizing the AR and AI industry. The first $10 million tranche was received in September 2024, with the remaining two $5 million tranches contingent upon meeting certain milestones. The company reported a total revenue of $5.8 million for the year, a decrease from $12.1 million in 2023, primarily due to a 58% decline in product sales. Despite this, Vuzix anticipates significant growth in 2025, with expectations of increased customer wins and design wins across their OEM and enterprise businesses. The firm ended 2024 with approximately $18 million in cash and cash equivalents and a net working capital position of $24.6 million. Vuzix also achieved a 36% reduction in recurring cash operating costs year-over-year by reducing headcount and other expenses. Looking forward, Vuzix is preparing for increased production capacity and anticipates meaningful growth in their ODM/OEM business, driven by partnerships and technological advancements in their smart glasses platform.Strategic Partnership with Quanta Computer
Vuzix Corporation has established a strategic partnership with Quanta Computer, with a $20 million investment to develop smart glass reference designs. The partnership is expected to supply millions of waveguides for AR and AI-driven smart glasses.
Product Launches and Positive Reception
Vuzix introduced the UltraLight Pro AR and Audio Smart Glasses platforms at CES 2025, receiving positive responses and awards. These products are designed for enterprise verticals and have sparked interest from OEMs and white-label partners.
Operational Expense Reductions
R&D, sales, and marketing expenses were significantly reduced by 22% and 36%, respectively, contributing to improved cost management.
Strong Financial Foundation
Vuzix ended 2024 with $18 million in cash and cash equivalents, reflecting disciplined cost management and capital-raising efforts, including $8.2 million raised through the at-the-market facility in Q4.
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VUZI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VUZI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $2.18 | $2.36 | +8.26% |
| Nov 14, 2024 | $1.08 | $0.91 | -15.74% |
| Aug 14, 2024 | $0.95 | $0.86 | -9.47% |
| May 09, 2024 | $1.17 | $1.20 | +2.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vuzix Corporation (VUZI) report earnings?
Vuzix Corporation (VUZI) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Vuzix Corporation (VUZI) earnings time?
Vuzix Corporation (VUZI) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VUZI EPS forecast?
VUZI EPS forecast for the fiscal quarter 2025 (Q1) is -0.12.
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