Vuzix Corporation (VUZI)
NASDAQ:VUZI
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Vuzix
(NASDAQ:VUZI)
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Rating:51Neutral
Price Target:
$3.00
▲(14.94% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weak financial performance (negative margins, large losses, and ongoing cash burn). Offsetting factors include improving/constructive technical momentum and an earnings-call narrative of progressing OEM/defense programs with cost discipline and runway, while valuation remains constrained by continued losses and corporate events are mixed.
Positive Factors
Intellectual Property Moat
A portfolio of 500+ patents builds a durable technology moat in waveguides and wearable optics. This IP supports licensing, differentiation and sustained partner interest, raising competitors' barriers and helping protect long-term product margins as volumes scale.
Negative Factors
Negative Gross Margins
Sustained negative gross profit indicates unit economics don't cover manufacturing and direct costs. Until product margins improve through scale, pricing or cost reductions, the company will struggle to reach operating breakeven and sustain long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Intellectual Property Moat
A portfolio of 500+ patents builds a durable technology moat in waveguides and wearable optics. This IP supports licensing, differentiation and sustained partner interest, raising competitors' barriers and helping protect long-term product margins as volumes scale.
Read all positive factors
Vuzix (VUZI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$249.47M
Dividend YieldN/A
Average Volume (3M)873.75K
Price to Earnings (P/E)―
Beta (1Y)2.27
Revenue Growth14.24%
EPS Growth62.87%
CountryUS
Employees76
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-0.40
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 Cap0.92
Enterprise Value/Revenue37.79
Enterprise Value/Gross Profit-145.22
Enterprise Value/Ebitda-8.33
Forecast
1Y Price Target
$6.00Price Target Upside129.89% Upside
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:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
The call balanced clear strategic and operational progress—OEM orders (including initial shipments to Amazon), multiple defense-funded programs, expanded waveguide partnerships, manufacturing upgrades, and IP depth—against near-term financial pressures including a 12% YoY revenue decline to $1.4M, a $0.4M gross loss, increased operating cash burn ($5.6M used), and continued net losses. Management highlights customer-funded development programs and believes the cash position ($20.2M) plus disciplined cost control and ATM financing provide runway into 2027, but execution risks remain as development programs must convert into sustained production revenue.Positive Updates
Strategic OEM and Waveguide Focus
Company pursuing two primary growth engines: OEM products and waveguides, positioning Vuzix as a partner for enterprise, defense and consumer opportunities.
Negative Updates
Revenue Decline
Total revenue of $1.4M for Q1 2026, down 12% year-over-year (from $1.6M in Q1 2025), driven primarily by lower product (M400) sales.
Read all updates
Q1-2026 Updates
Positive
Negative
Strategic OEM and Waveguide Focus
Company pursuing two primary growth engines: OEM products and waveguides, positioning Vuzix as a partner for enterprise, defense and consumer opportunities.
Read all positive updates
Company Guidance
Management's guidance emphasized near‑term execution and sufficient runway: they expect initial EVT‑based OEM shipments to Amazon to begin in Q2 2026, said order volumes from programs like Collins Aerospace should increase through the year, noted recent six‑figure orders (a Tier‑1 defense supplier and Collins) and a U.S. DoD‑funded seven‑figure program slated to start shortly, and reiterated multiple active RFPs and production pathways; financially they reported Q1 revenue of $1.4M (down 12% YoY from $1.6M), engineering services revenue of $0.35M (+36% YoY), a gross loss of $0.4M, R&D of $3.0M (+16%), S&M of ≈$1.55M (+1%), G&A of $2.1M (‑46%), total operating expenses of $6.8M (‑20%), net loss of $7.1M or $0.09/share (vs $8.6M/$0.11), cash & equivalents of $20.2M, net working capital of $20.8M, $5.6M used in operating activities, $1.2M used in investing, $5.8M provided by financing (ATM proceeds), no debt, and management said this position plus disciplined costs gives runway well into 2027.Vuzix Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.09M | 6.28M | 5.75M | 12.13M | 11.84M | 13.16M |
| Gross Profit | -1.59M | -1.06M | -4.87M | -1.75M | 2.28M | 2.89M |
| EBITDA | -27.64M | -29.25M | -39.82M | -45.42M | -39.89M | -37.95M |
| Net Income | -30.71M | -32.27M | -73.54M | -50.15M | -40.76M | -40.38M |
Balance Sheet | ||||||
| Total Assets | 38.37M | 40.07M | 39.41M | 86.15M | 132.31M | 148.47M |
| Cash, Cash Equivalents and Short-Term Investments | 20.17M | 21.15M | 18.19M | 26.56M | 72.56M | 120.20M |
| Total Debt | 872.18K | 1.00M | 494.24K | 301.19K | 956.16K | 1.12M |
| Total Liabilities | 4.38M | 5.39M | 2.11M | 5.35M | 15.58M | 4.74M |
| Stockholders Equity | 34.00M | 34.68M | 37.29M | 80.79M | 116.73M | 143.73M |
Cash Flow | ||||||
| Free Cash Flow | -23.57M | -21.36M | -26.66M | -42.86M | -43.39M | -31.83M |
| Operating Cash Flow | -20.89M | -18.79M | -23.74M | -26.28M | -24.52M | -26.98M |
| Investing Cash Flow | -3.03M | -2.62M | -2.92M | -19.28M | -21.17M | -4.85M |
| Financing Cash Flow | 28.85M | 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $215.15M | -3.25 | 1.02% | ― | -21.70% | -93.37% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $249.47M | -6.69 | -92.69% | ― | 14.24% | 62.87% | |
48 Neutral | $150.47M | -0.61 | -17.94% | ― | 42.35% | 46.12% | |
42 Neutral | $3.31M | -0.06 | -268.12% | ― | 23.95% | 85.47% | |
42 Neutral | $192.72M | -0.39 | -201.66% | ― | -21.02% | 12.80% | |
| ― | $12.61M | -46.87 | -6.04% | ― | -35.97% | 31.29% |
* Technology Sector Average
VUZI
Vuzix
3.00
0.45
17.65%
GPRO
GoPro
1.11
0.51
83.47%
TBCH
Turtle Beach
10.84
-0.96
-8.14%
ZEPP
Zepp Health
10.25
7.41
260.92%
WLDS
Wearable Devices Ltd.
0.94
-3.77
-80.13%
FEBO
Fenbo Holdings Limited
1.14
-0.01
-0.87%
Vuzix Corporate Events
Business Operations and StrategyExecutive/Board Changes
Vuzix Grants Performance-Based Restricted Stock Units to Executives
Positive
Apr 30, 2026
On April 29, 2026, Vuzix Corporation awarded 477,178 restricted stock units to chief executive officer Paul Travers and 193,258 restricted stock units to chief financial officer Grant Russell under its 2023 Equity Incentive Plan. Half of these awa...
Business Operations and StrategyExecutive/Board Changes
Vuzix Announces Leadership Change in Enterprise Solutions Unit
Negative
Apr 24, 2026
On April 22, 2026, Vuzix Corporation and Chris Parkinson, PhD., mutually agreed to end his employment as president of the company’s Enterprise Solutions business unit, marking a leadership change in a key segment focused on commercial smart ...
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.