Vuzix Corporation (VUZI)
NASDAQ:VUZI
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Vuzix
(NASDAQ:VUZI)
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Rating:47Neutral
Price Target:
$2.50
▼(-4.21% Downside)
Action:ReiteratedDate:03/13/26
The score is held down primarily by weak financial performance (volatile revenue, ongoing losses, and historical cash burn) and bearish technicals (below key moving averages with negative MACD). The latest earnings call provides a partial offset due to improved liquidity/cash burn and a more constructive OEM/waveguide outlook, while valuation offers limited support given negative earnings and no dividend.
Positive Factors
Low leverage and stronger liquidity
A debt-free balance sheet and higher cash / positive net working capital materially increase financial flexibility over the next 12–24 months. This reduces near-term refinancing risk, gives time to execute OEM ramps, and cushions against cyclical shocks while revenue scale is still small.
Negative Factors
Persistent negative operating cash flow
Sustained negative operating and free cash flow indicate the business does not generate internal funding to sustain growth. Even with year-over-year improvement, continual cash burn raises long-term dependency on external capital and heightens risk if OEM ramps slip or market adoption is slower than planned.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and stronger liquidity
A debt-free balance sheet and higher cash / positive net working capital materially increase financial flexibility over the next 12–24 months. This reduces near-term refinancing risk, gives time to execute OEM ramps, and cushions against cyclical shocks while revenue scale is still small.
Read all positive factors
Vuzix (VUZI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$217.04M
Dividend YieldN/A
Average Volume (3M)873.75K
Price to Earnings (P/E)―
Beta (1Y)2.20
Revenue Growth-4.31%
EPS Growth59.68%
CountryUS
Employees76
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-0.12
Shares Outstanding83,158,260
10 Day Avg. Volume723,430
30 Day Avg. Volume873,746
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)8.46
Price to Sales (P/S)46.70
P/FCF Ratio-13.73
Enterprise Value/Market Cap0.91
Enterprise Value/Revenue31.35
Enterprise Value/Gross Profit-222.35
Enterprise Value/Ebitda-6.76
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.36
Revenue Forecast (FY)$12.50M
Vuzix Business Overview & Revenue Model
Company Description
Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, the Asia-Pacific, Europe, and internat...
How the Company Makes Money
Vuzix makes money primarily by selling AR smart glasses and related hardware to businesses and organizations. Revenue is generated through (1) product sales of head-worn devices (smart glasses) and accessories, typically purchased for enterprise d...
Vuzix Earnings Call Summary
Earnings Call Date:Mar 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call presents a cautiously optimistic tone. Financially, the company showed clear progress: significant Q4 revenue growth (76% YoY), modest full-year revenue growth (9%), meaningful reductions in net loss versus 2024 (helped by the absence of a prior-year impairment), improved cash position, lower inventory, and tightened SG&A. Strategically, Vuzix highlighted stronger OEM, defense, and waveguide momentum, a $20M strategic investment from Quanta, expanding customer engagements (Amazon, auto manufacturer, Collins Aerospace), and an extensive IP portfolio. However, risks remain: the business still reported a substantial net loss ($32.3M), R&D spending increased materially as the company invests in LX1 and waveguides, operating revenue remains small in absolute terms, and near-term revenue ramp is described as 'bumpy' and dependent on financing and execution. On balance, the positives—financial stabilization, strategic validation, partnerships, and visible OEM pipeline—outweigh the near-term operational and execution challenges.Positive Updates
Strong Q4 Revenue Growth
Q4 2025 revenue was $2.2M vs $1.3M in Q4 2024, an increase of 76%, driven by higher unit sales of M400 smart glasses and significantly higher engineering services sales.
Negative Updates
Ongoing Net Loss and Negative Gross Profit
Despite improvements, full-year 2025 net loss remained $32.3M and the company reported a gross loss of $1.1M for the year, indicating profitability has not yet been achieved on an absolute basis.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Q4 Revenue Growth
Q4 2025 revenue was $2.2M vs $1.3M in Q4 2024, an increase of 76%, driven by higher unit sales of M400 smart glasses and significantly higher engineering services sales.
Read all positive updates
Company Guidance
Management's guidance centers on shifting growth to OEM and waveguide programs with quarter‑over‑quarter OEM/waveguide revenue gains in 2026 that management expects to surpass branded enterprise revenue by year‑end; they pointed to Q4 2025 revenue of $2.2M (up 76% YoY) and FY 2025 revenue of $6.3M (up 9%), engineering services of $1.6M (+27%), product sales +4%, and noted active programs with Amazon, Collins Aerospace (production orders underway) and a leading automaker expected to reach production by end of 2026. Financially, the company enters 2026 with $21.2M cash (vs. $18.2M a year earlier), $22.3M net working capital, no debt, net inventory down to $2.2M, operating cash use improved to $8.8M (from $23.7M), $24.4M raised in 2025 financing (Quanta $10M + ATM $14.3M) with Quanta's cumulative investment $20M and an additional $6.0M raised so far in 2026, which management says provides sufficient resources into 2027; R&D spend rose 31% to $12.6M as the company plans to allocate the majority of R&D and resources to waveguides, Quanta‑related programs, DoD efforts and funded OEM work.Vuzix Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.28M | 5.75M | 12.13M | 11.84M | 13.16M |
| Gross Profit | -1.06M | -4.87M | -1.75M | 2.28M | 2.89M |
| EBITDA | -29.25M | -39.82M | -45.42M | -39.89M | -37.95M |
| Net Income | -32.27M | -73.54M | -50.15M | -40.76M | -40.38M |
Balance Sheet | |||||
| Total Assets | 40.07M | 39.41M | 86.15M | 132.31M | 148.47M |
| Cash, Cash Equivalents and Short-Term Investments | 21.15M | 18.19M | 26.56M | 72.56M | 120.20M |
| Total Debt | 1.00M | 494.24K | 301.19K | 956.16K | 1.12M |
| Total Liabilities | 5.39M | 2.11M | 5.35M | 15.58M | 4.74M |
| Stockholders Equity | 34.68M | 37.29M | 80.79M | 116.73M | 143.73M |
Cash Flow | |||||
| Free Cash Flow | -21.36M | -26.66M | -42.86M | -43.39M | -31.83M |
| Operating Cash Flow | -18.79M | -23.74M | -26.28M | -24.52M | -26.98M |
| Investing Cash Flow | -2.62M | -2.92M | -19.28M | -21.17M | -4.85M |
| Financing Cash Flow | 24.37M | 18.29M | -449.56K | -1.95M | 115.97M |
Vuzix Technical Analysis
Positive
2.61
Price Trends
2.51
Positive
2.75
Negative
2.73
Negative
Market Momentum
0.03
Negative
57.25
Neutral
80.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VUZI, the sentiment is Positive. The current price of 2.61 is above the 20-day moving average (MA) of 2.40, above the 50-day MA of 2.51, and below the 200-day MA of 2.73, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 57.25 is Neutral, neither overbought nor oversold. The STOCH value of 80.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VUZI.
Vuzix Risk Analysis
Vuzix disclosed 34 risk factors in its most recent earnings report. Vuzix reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Vuzix Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $214.23M | 18.07 | 13.20% | ― | 6.43% | 196.68% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $186.82M | -6.14 | -102.47% | ― | -27.37% | 70.46% | |
48 Neutral | $201.30M | -0.67 | -17.94% | ― | 13.27% | -66.48% | |
47 Neutral | $217.04M | -9.09 | -92.69% | ― | -4.31% | 59.68% | |
41 Neutral | $5.97M | -0.13 | -268.12% | ― | -9.05% | 77.41% | |
| ― | $12.83M | -5.74 | -6.04% | ― | 11.95% | -956.47% |
* Technology Sector Average
VUZI
Vuzix
2.61
1.01
63.12%
GPRO
GoPro
1.28
0.79
159.11%
TBCH
Turtle Beach
11.81
1.18
11.10%
ZEPP
Zepp Health
16.33
13.78
540.39%
WLDS
Wearable Devices Ltd.
1.51
-4.49
-74.83%
FEBO
Fenbo Holdings Limited
1.12
-0.09
-7.44%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.