VUZI on Nasdaq

Vuzix

American multinational technology

Vuzix Corporation is an American multinational technology company headquartered in Rochester, New York and founded by Paul Travers in 1997. Vuzix is a supplier of smartglasses and augmented reality display technology.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1997Founded1

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  • TickerVUZI on Nasdaq1
  • IndustryRadio & Tv Broadcasting & Communications Equipment1
  • HeadquartersRochester1
  • Websitewww.vuzix.com
  • Legal formpublic company1
  • Incorporated inDE4
  • Business address25 Hendrix Road, Suite A, West Henrietta, Ny 145864
  • Filer categoryNon-accelerated filer, Smaller reporting company4
Vuzix image from its website
Image: vuzix.com6

Vuzix Corporation is an American multinational technology company headquartered in Rochester, New York and founded by Paul Travers in 1997. Vuzix is a supplier of smartglasses and augmented reality display technology. Vuzix manufactures and sells computer display devices and software. Vuzix head-mounted displays are marketed towards mobile and immersive augmented reality applications, such as 3D gaming, manufacturing training, and military tactical equipment. On January 5, 2015, Intel acquired 30% of Vuzix's stock for $24.8 million.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-16.9%Gross margin7
-517.6%Operating margin7
-513.9%Net margin8
9.1%Revenue growth, 20257
-130.8%Return on equity7
-$20.8MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 74% of the revenue Vuzix broke down this way in fiscal 2025.

  1. Product$4.7M774%up 4% from 2024
  2. Engineering Services$1.6M726%up 27% from 2024
Products and services by year
Products and services202320242025
Product$10.8M$4.5M$4.7M
Engineering Services$1.4M$1.3M$1.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue37¢$7.3M
  • Research and development63¢$12.6M

Out of $6.3M in revenue.78 The company lost money this year.

Financial statements

Revenue91011127$6.3M in 2025−6% since 2019
0$5.0M$10.0M$15.0M2019: $6.7M$6.7M20192020: $11.6M$11.6M2020+74%2021: $13.2M$13.2M2021+14%2022: $11.8M$11.8M2022−10%2023: $12.1M$12.1M2023+2%2024: $5.8M$5.8M2024−53%2025: $6.3M$6.3M2025+9%
Gross profit91011127-$1.1M in 2025−76% since 2019
-$6.0M-$4.0M-$2.0M0$2.0M2019: -$4.4M-$4.4M20192020: $598.0K$598.0K20202021: $1.6M$1.6M2021+162%2022: $1.5M$1.5M2022−5%2023: -$2.6M-$2.6M20232024: -$5.6M-$5.6M2024+113%2025: -$1.1M-$1.1M2025−81%
Operating income91011127-$32.5M in 2025+22% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$26.6M-$26.6M20192020: -$19.1M-$19.1M2020−28%2021: -$40.0M-$40.0M2021+109%2022: -$42.2M-$42.2M2022+6%2023: -$52.3M-$52.3M2023+24%2024: -$74.0M-$74.0M2024+41%2025: -$32.5M-$32.5M2025−56%
Net income910111278-$32.3M in 2025+22% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$26.5M-$26.5M20192020: -$18.0M-$18.0M2020−32%2021: -$40.4M-$40.4M2021+125%2022: -$40.8M-$40.8M2022+1%2023: -$50.1M-$50.1M2023+23%2024: -$73.5M-$73.5M2024+47%2025: -$32.3M-$32.3M2025−56%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Total Sales$6.3M$5.8M$12.1M
Cost of Sales - Depreciation and Amortization$677.9K$734.5K$886.1K
Total Cost of Sales$7.3M$11.4M$14.8M
Gross Loss-$1.1M-$5.6M-$2.6M
Research and Development$12.6M$9.6M$12.3M
Selling and Marketing$5.5M$8.2M$12.7M
General and Administrative$11.6M$17.2M$18.6M
Depreciation and Amortization$1.6M$3.0M$3.8M
Loss on Goodwill and Other Intangible Asset Impairment$2.1M
Loss on Fixed Asset Disposal$106.9K$27.7K$0
Impairment on Intangible Asset and Equity Investment$30.3M
Impairment of Patents and Trademarks$0$0$41.9K
Total Operating Expenses$31.4M$68.4M$49.7M
Loss From Operations-$32.5M-$74.0M-$52.3M
Investment Income$672.3K$591.3K$2.2M
Other Taxes$23.1K$59.3K-$231.0K
Foreign Exchange Loss-$60.6K-$217.3K-$44.1K
Impairment Loss on Equity Investment-$400.0K$0$0
Utility Improvement Refund$208.3K
Total Other Income, Net$234.8K$433.3K$2.2M
Loss Before Provision for Income Taxes-$32.3M-$73.5M-$50.1M
Provision for Income Taxes$0$0$0
Net Loss-$32.3M-$73.5M-$50.1M
Preferred Stock Dividends-$62.3K
Loss Attributable to Common Shareholders - Basic-$32.3M-$73.5M-$50.1M
Loss Attributable to Common Shareholders - Diluted-$32.3M-$73.5M-$50.1M
Basic Net Loss per Common Share-$0.42-$1.08-$0.79
Diluted Net Loss per Common Share-$0.42-$1.08-$0.79
Weighted-average Shares Outstanding - Basic77.6M shares67.8M shares63.4M shares
Weighted-average Shares Outstanding - Diluted77.6M shares67.8M shares63.4M shares

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The story

Paul Travers founded Vuzix in 1997 in Rochester, NY, under the name Interactive Imaging Systems, purchasing the assets of the virtual reality company Forte Technologies. The company started with products for the military and U.S. Defense, but then developed consumer virtual reality systems. In 1997, the company was hired as a subcontractor to Raytheon, designing display electronics for a digital night vision weapon sight.

In 2000, the VFX1 Headgear was featured in a commemorative US Postal Service stamp collection celebrating the 1990s. The VFX1 was replaced by a higher resolution system dubbed the VFX3D in mid 2000.

In 2001, Vuzix launched its first consumer electronics product, the iCOM personal internet browser.

In 2005, Vuzix provided a custom high resolution handheld display system that created the 3D imagery for Hitachi's pavilion at the 2005 World's Fair in Aichi, Japan. The Hitachi Pavilion allowed users to interact with computer generated models and dioramas of endangered species in a Mixed Reality ride.

In 2005, the company changed its name to Icuiti. Later that year, Icuiti launched its first product designed specifically for consumers, the V920 Video Eyewear.

In 2005, Icuiti was awarded its first military R&D contract to develop a high resolution monocular display device for viewing tactical maps and video. This development would lead to the Tac-Eye product line, which began rate production in 2009 and was used in many major military programs including the Battlefield Air Operations kit.

A re-branding in 2007 changed the company's name from Icuiti to Vuzix.

In 2010, Vuzix introduced the first production model see-through augmented reality glasses, the STAR 1200. It was released in August 2011 for $4999.

Read the full text

Vuzix was under contract with DARPA to design and build a next generation heads up display for military ground personnel.

In January 2013, at CES, Vuzix Corporation demonstrated working models of its new M100 Smart Glasses. The product was given a CES Innovations award. The Vuzix Smart Glasses M100, shipped in the first financial quarter of 2013, enabled wearers to remotely access data and content from an iOS or Android smartphone.

In January 2015, Intel invested $25 million in the company, gaining 30% ownership of the company.

In August 2017, Vuzix and BlackBerry became partners to deliver smart glasses for the enterprise.

From Wikipedia’s article on Vuzix, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

From Wikidata.1

Timeline

  1. 1997Founded Founded1

Recent filings

  1. Aug 17, 20268-K
  2. Aug 14, 2026424B5
  3. Aug 14, 20268-K
  4. Aug 13, 202610-Q
  5. Jul 27, 2026SCHEDULE 13G
  6. Jul 20, 20264 OWNERSHIP DOCUMENT
  7. Jul 17, 20264 OWNERSHIP DOCUMENT
  8. Jul 17, 20264 OWNERSHIP DOCUMENT
  9. Jun 17, 20268-K
  10. May 27, 20264 OWNERSHIP DOCUMENT
  11. May 21, 2026144
  12. May 21, 20264 OWNERSHIP DOCUMENT
  13. May 19, 2026144
  14. May 15, 20268-K
  15. May 14, 202610-Q

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteVuzix photo
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