Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Vuzix.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.75B | $12.13M | $11.84M | $13.16M | $11.58M | $6.67M | $8.09M | $5.54M | $2.13M | $2.75M |
| Cost of Revenue | $11.35B | $13.88M | $10.35M | $10.71M | $9.65M | $11.08M | $6.33M | $6.21M | $3.29M | $2.18M |
| Gross Profit | $-5.60B | $-1.75M | $1.48M | $2.45M | $1.93M | $-4.41M | $1.77M | $-676.60K | $-1.16M | $566.19K |
| Gross Profit Ratio | -97.31% | -14.42% | 12.53% | 18.60% | 16.65% | -66.08% | 21.85% | -12.22% | -54.70% | 20.59% |
| Research and Development Expenses | $9.63B | $12.34M | $12.68M | $11.68M | $7.57M | $8.90M | $10.38M | $6.71M | $6.95M | $3.60M |
| General and Administrative Expenses | $17.23B | $18.59M | $21.04M | $22.50M | $6.92M | $6.60M | $6.97M | $6.13M | $5.11M | $6.12M |
| Selling and Marketing Expenses | $8.19B | $12.71M | $8.08M | $6.12M | $4.04M | $4.22M | $4.82M | $3.69M | $3.39M | $1.80M |
| Selling General and Administrative Expenses | $25.42B | $31.30M | $29.12M | $28.62M | $10.96M | $10.82M | $11.80M | $9.82M | $8.51M | $7.92M |
| Other Expenses | $33.32B | $6.91M | $1.79M | $1.87M | $2.46M | $2.44M | $-14.92K | $1.03M | $-714.32K | $435.27K |
| Operating Expenses | $68.37B | $50.55M | $43.58M | $42.17M | $20.98M | $22.16M | $23.64M | $17.55M | $16.23M | $11.95M |
| Cost and Expenses | $79.73B | $64.43M | $53.94M | $52.88M | $30.64M | $33.24M | $29.97M | $23.77M | $19.52M | $14.13M |
| Interest Income | $- | $- | $1.40M | $53.51K | $41.12K | $252.41K | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $19.33K | $243.99K | $617.95K | $907.19K |
| Depreciation and Amortization | $3.93M | $4.93M | $2.59M | $2.79M | $3.03M | $2.66M | $1.57M | $1.21M | $1.06M | $667.29K |
| EBITDA | $-70.98B | $-45.42M | $-39.89M | $-37.59M | $-14.92M | $-23.81M | $-20.29M | $-18.16M | $-17.80M | $-11.81M |
| EBITDA Ratio | -1233.40% | -374.49% | -339.46% | -285.47% | -142.64% | -361.66% | -252.29% | -307.66% | -727.43% | -391.34% |
| Operating Income | $-73.97B | $-52.30M | $-42.10M | $-39.72M | $-19.05M | $-26.57M | $-21.86M | $-19.35M | $-18.54M | $-11.34M |
| Operating Income Ratio | -1285.44% | -431.21% | -355.69% | -301.68% | -164.51% | -398.26% | -270.07% | -349.50% | -871.30% | -412.42% |
| Total Other Income Expenses Net | $433.34M | $2.15M | $1.47M | $-397.05K | $1.18M | $89.87K | $-14.92K | $-278.96K | $-714.32K | $-2.09M |
| Income Before Tax | $-73.54B | $-50.15M | $-40.76M | $-40.38M | $-17.95M | $-26.48M | $-21.88M | $-19.63M | $-19.25M | $-13.43M |
| Income Before Tax Ratio | -1277.91% | -413.46% | -344.41% | -306.70% | -155.00% | -396.91% | -270.26% | -354.54% | -904.87% | -488.27% |
| Income Tax Expense | $- | $- | $-1.47M | $264.00K | $74.00K | $2.27M | $-58.19K | $278.96K | $714.32K | $2.04M |
| Net Income | $-73.54M | $-50.15M | $-39.30M | $-40.64M | $-18.03M | $-26.48M | $-21.88M | $-19.63M | $-19.25M | $-13.43M |
| Net Income Ratio | -1.28% | -413.46% | -332.00% | -308.70% | -155.64% | -396.91% | -270.26% | -354.54% | -904.87% | -488.27% |
| EPS | $-1.08 | $-0.79 | $-0.62 | $-0.66 | $-0.47 | $-0.87 | $-0.80 | $-0.93 | $-1.14 | $-0.87 |
| EPS Diluted | $-1.08 | $-0.79 | $-0.62 | $-0.66 | $-0.47 | $-0.87 | $-0.80 | $-0.93 | $-1.14 | $-0.87 |
| Weighted Average Shares Outstanding | 67.84M | 63.43M | 63.71M | 61.13M | 38.11M | 30.35M | 27.18M | 21.01M | 16.91M | 15.41M |
| Weighted Average Shares Outstanding Diluted | 67.84M | 63.43M | 63.71M | 61.13M | 38.11M | 30.35M | 27.18M | 21.01M | 16.91M | 15.41M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $18.19M | $26.56M | $72.56M | $120.20M | $36.07M | $10.61M | $17.26M | $14.89M | $14.53M | $11.88M |
| Short Term Investments | $18.17B | $200.00K | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $18.19B | $26.56M | $72.56M | $120.20M | $36.07M | $10.61M | $17.26M | $14.89M | $14.53M | $11.88M |
| Net Receivables | $1.61B | $4.20M | $4.29M | $2.24M | $1.39M | $1.62M | $772.34K | $1.47M | $103.31K | $325.69K |
| Inventory | $4.81B | $9.00M | $11.27M | $12.15M | $6.10M | $5.71M | $7.28M | $3.85M | $2.65M | $3.35M |
| Other Current Assets | $2.11B | $1.74M | $2.51M | $2.55M | $1.50M | $1.14M | $2.07M | $1.03M | $941.58K | $978.36K |
| Total Current Assets | $26.72B | $41.50M | $91.24M | $137.15M | $45.06M | $19.07M | $27.38M | $21.24M | $18.23M | $16.53M |
| Property Plant Equipment Net | $8.08B | $8.37M | $4.83M | $6.31M | $4.35M | $6.42M | $4.29M | $4.12M | $3.36M | $2.02M |
| Goodwill | $- | $- | $1.60M | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $3.95M | $29.84M | $33.55M | $4.07M | $2.81M | $2.70M | $3.20M | $1.47M | $750.30K | $1.02M |
| Goodwill and Intangible Assets | $3.95M | $29.84M | $35.16M | $4.07M | $2.81M | $2.70M | $3.20M | $1.47M | $750.30K | $1.02M |
| Long Term Investments | $- | $6.23M | $450.00K | $450.00K | $250.00K | $250.00K | $250.00K | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $-2.50B | $-1.96B | $-250.00K | $- | $- | $- |
| Other Non-Current Assets | $4.60B | $200.00K | $631.14K | $491.92K | $2.50B | $1.96B | $259.19K | $- | $- | $- |
| Total Non-Current Assets | $12.68B | $44.65M | $41.07M | $11.32M | $7.42M | $9.37M | $7.75M | $5.59M | $4.12M | $3.03M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $39.41B | $86.15M | $132.31M | $148.47M | $52.47M | $28.45M | $35.13M | $26.83M | $22.35M | $19.56M |
| Account Payables | $538.22K | $1.57M | $1.21M | $2.05M | $1.52M | $1.06M | $2.67M | $3.73M | $1.09M | $907.43K |
| Short Term Debt | $494.73M | $163.51K | $651.01K | $534.15K | $444.50K | $524.83K | $- | $- | $1.42M | $55.79K |
| Tax Payables | $8.16K | $46.73K | $215.00K | $120.24K | $109.65K | $18.69K | $30.26K | $3.50K | $12.29K | $7.07K |
| Deferred Revenue | $125.90M | $18.84K | $29.06K | $27.80K | $41.15K | $142.46K | $364.09K | $181.29K | $575.73K | $97.33K |
| Other Current Liabilities | $1.49B | $3.42M | $13.17M | $1.42M | $983.03K | $885.90K | $1.77M | $1.60M | $1.91M | $831.83K |
| Total Current Liabilities | $2.11B | $5.22M | $15.28M | $4.16M | $3.10M | $2.63M | $4.68M | $5.44M | $4.42M | $1.80M |
| Long Term Debt | $- | $137.67K | $305.15K | $582.88K | $1.07M | $1.57M | $- | $- | $- | $1.23M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $201.46K | $440.09K |
| Total Non-Current Liabilities | $- | $137.67K | $305.15K | $582.88K | $1.07M | $1.57M | $3.03M | $18.33K | $201.46K | $1.67M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $-3.03M | $- | $- | $- |
| Total Liabilities | $2.11B | $5.35M | $15.58M | $4.74M | $4.17M | $4.21M | $4.68M | $5.45M | $4.62M | $3.47M |
| Preferred Stock | $- | $- | $0 | $- | $50 | $50 | $50 | $50 | $50 | $50 |
| Common Stock | $76.55K | $65.30K | $63.78K | $63.67K | $45.65K | $33.13K | $27.59K | $24.28K | $19.57K | $16.09K |
| Retained Earnings | $-367.52B | $-293.98M | $-243.84M | $-203.07M | $-162.69M | $-144.74M | $-118.27M | $-96.47M | $-76.84M | $-57.59M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $- | $- | $- | $-3.06M | $-2.25M | $-1.69M | $-1.04M |
| Other Total Stockholders Equity | $404.82B | $374.71M | $359.26M | $346.74M | $210.95M | $168.95M | $148.70M | $117.83M | $94.54M | $73.67M |
| Total Stockholders Equity | $37.29B | $80.79M | $116.73M | $143.73M | $48.30M | $24.24M | $30.46M | $21.38M | $17.72M | $16.09M |
| Total Equity | $37.29B | $80.79M | $116.73M | $143.73M | $48.30M | $24.24M | $30.46M | $21.38M | $17.72M | $16.09M |
| Total Liabilities and Stockholders Equity | $39.41B | $86.15M | $132.31M | $148.47M | $52.47M | $28.45M | $35.13M | $26.83M | $22.35M | $19.56M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $39.41B | $86.15M | $132.31M | $148.47M | $52.47M | $28.45M | $35.13M | $26.83M | $22.35M | $19.56M |
| Total Investments | $650.00K | $6.43M | $450.00K | $450.00K | $250.00K | $250.00K | $250.00K | $- | $- | $- |
| Total Debt | $494.24M | $301.19K | $956.16K | $1.12M | $1.52M | $2.10M | $- | $- | $1.42M | $1.28M |
| Net Debt | $-17.69M | $-26.25M | $-71.61M | $-119.09M | $-34.55M | $-8.51M | $-17.26M | $-14.89M | $-13.12M | $-10.59M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-73.54B | $-50.15M | $-40.76M | $-40.38M | $-17.95M | $-26.48M | $-21.88M | $-19.63M | $-19.25M | $-13.43M |
| Depreciation and Amortization | $3.93B | $4.93M | $2.59M | $2.31M | $2.64M | $2.44M | $1.67M | $1.21M | $770.67K | $667.29K |
| Deferred Income Tax | $- | $- | $- | $- | $-141.86K | $4.57M | $-142.37K | $1.13M | $1.14M | $1.11M |
| Stock Based Compensation | $11.57B | $12.71M | $15.78M | $17.30M | $2.81M | $1.50M | $2.20M | $1.62M | $902.98K | $2.24M |
| Change in Working Capital | $-1.17M | $-1.88M | $-2.54M | $-7.00M | $-1.50M | $-4.49M | $-4.56M | $-1.20M | $1.05M | $-4.11M |
| Accounts Receivables | $941.15K | $1.57B | $-1.32M | $-853.55K | $-289.41K | $-599.58K | $201.84K | $-870.86K | $222.38K | $57.84K |
| Inventory | $19.29K | $4.36B | $593.61K | $-6.57M | $-1.67M | $-3.00M | $-3.43M | $-2.35M | $-426.52K | $-2.44M |
| Accounts Payables | $-1.03M | $358.88K | $-843.01K | $537.61K | $454.37K | $-1.61M | $-846.40K | $2.64M | $178.04K | $-1.28M |
| Other Working Capital | $-1.10M | $-5.93B | $-978.44K | $-112.33K | $835 | $712.51K | $-488.81K | $-621.86K | $1.08M | $-458.17K |
| Other Non Cash Items | $34.30B | $8.11M | $423.43K | $783.73K | $183.33K | $100.00K | $175.00K | $1.54M | $2.13M | $2.97M |
| Net Cash Provided by Operating Activities | $-23.74B | $-26.28M | $-24.52M | $-26.98M | $-13.96M | $-22.36M | $-22.54M | $-16.47M | $-14.40M | $-11.67M |
| Investments in Property Plant and Equipment | $-1.36B | $-5.32M | $-18.87M | $-4.85M | $-1.49M | $-2.91M | $-3.15M | $-2.69M | $-2.19M | $-2.08M |
| Acquisitions Net | $- | $- | $-2.30M | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $10.00B | $-2.50M | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-11.56B | $-11.46M | $-17.15M | $-1.04M | $-988.88K | $-250.00K | $-1.78M | $-1.01M | $-147.00K | $-191.91K |
| Net Cash Used for Investing Activities | $-2.92B | $-19.28M | $-21.17M | $-4.85M | $-1.49M | $-3.16M | $-3.15M | $-2.69M | $-2.19M | $-2.08M |
| Debt Repayment | $- | $- | $- | $- | $1.56M | $- | $- | $- | $-76.88K | $-326.55K |
| Common Stock Issued | $8.18M | $- | $- | $91.61M | $25.20M | $18.86M | $28.02M | $21.13M | $21.11M | $24.81M |
| Common Stock Repurchased | $- | $-470.76K | $-2.01M | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $-10.00M | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $18.28B | $21.20K | $57.71K | $34.35M | $14.16M | $- | $39.38K | $-1.62M | $-1.80M | $25.87M |
| Net Cash Used Provided by Financing Activities | $18.29B | $-449.56K | $-1.95M | $115.97M | $40.91M | $18.86M | $28.06M | $19.51M | $19.24M | $25.54M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-8.37B | $-46.01M | $-47.64M | $84.13M | $25.46M | $-6.66M | $2.37M | $355.69K | $2.66M | $11.79M |
| Cash at End of Period | $18.19B | $26.56M | $72.56M | $120.20M | $36.07M | $10.61M | $17.26M | $14.89M | $14.53M | $11.88M |
| Cash at Beginning of Period | $26.56B | $72.56M | $120.20M | $36.07M | $10.61M | $17.26M | $14.89M | $14.53M | $11.88M | $84.97K |
| Operating Cash Flow | $-23.74B | $-26.28M | $-24.52M | $-26.98M | $-13.96M | $-22.36M | $-22.54M | $-16.47M | $-14.40M | $-11.67M |
| Capital Expenditure | $-2.92M | $-16.58M | $-18.87M | $-4.85M | $-1.49M | $-2.91M | $-3.15M | $-2.69M | $-2.19M | $-2.08M |
| Free Cash Flow | $-25.10B | $-42.86M | $-43.39M | $-31.83M | $-15.45M | $-25.26M | $-25.69M | $-19.16M | $-16.58M | $-13.75M |