Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.13M | $5.54M | $8.09M | $6.67M | $11.6M | $13.2M | $11.8M | $12.1M | $5.75M | $6.28M |
| Revenue growth | — | 160.3% | 46.2% | -17.6% | 73.6% | 13.7% | -10.1% | 2.5% | -52.6% | 9.1% |
| Gross profit | -$1.16M | -$677K | $1.77M | -$4.41M | $598K | $1.57M | $1.48M | -$2.63M | -$5.60M | -$1.06M |
| Gross margin | -54.7% | -12.2% | 21.8% | -66.1% | 5.2% | 11.9% | 12.5% | -21.7% | -97.3% | -16.9% |
| Operating income | -$18.5M | -$19.4M | -$21.9M | -$26.6M | -$19.1M | -$40.0M | -$42.2M | -$52.3M | -$74.0M | -$32.5M |
| Operating margin | -871.3% | -349.5% | -270.1% | -398.3% | -165.2% | -303.7% | -356.8% | -431.2% | -1285.4% | -517.6% |
| Net income | -$19.3M | -$19.6M | -$21.9M | -$26.5M | -$18.0M | -$40.4M | -$40.8M | -$50.1M | -$73.5M | -$32.3M |
| Net margin | -904.9% | -354.5% | -270.3% | -396.9% | -155.0% | -306.7% | -344.4% | -413.5% | -1277.9% | -513.9% |
| EPS (diluted) | $1.23 | $1.02 | $0.87 | -$0.94 | -$0.53 | -$0.66 | -$0.64 | -$0.79 | -$1.08 | -$0.42 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14.4M | -$16.5M | -$22.5M | -$22.4M | -$14.0M | -$27.0M | -$24.5M | -$26.3M | -$23.7M | -$18.8M |
| Capital expenditures | $2.04M | $1.68M | $1.37M | $1.90M | $497K | $3.81M | $1.72M | $5.32M | $1.36M | $2.01M |
| Free cash flow | -$16.4M | -$18.1M | -$23.9M | -$24.3M | -$14.5M | -$30.8M | -$26.2M | -$31.6M | -$25.1M | -$20.8M |
| Share buybacks | — | — | — | — | — | — | $2.01M | $471K | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $14.5M | $14.9M | $17.3M | $10.6M | $36.1M | $120M | $72.6M | $26.6M | $18.2M | $21.2M |
| Total assets | $22.3M | $26.8M | $35.1M | $28.4M | $52.5M | $148M | $131M | $86.1M | $39.4M | $40.1M |
| Total liabilities | $4.62M | $5.45M | $4.68M | $4.21M | $4.17M | $4.74M | $15.6M | $5.35M | $2.11M | $5.39M |
| Long-term debt | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| Shareholders' equity | $17.7M | $21.4M | $30.5M | $24.2M | $48.3M | $144M | $115M | $80.8M | $37.3M | $24.7M |
| Retained earnings | -$76.8M | -$96.5M | -$118M | -$145M | -$163M | -$203M | -$244M | -$294M | -$368M | -$400M |
| Shares (wtd avg diluted) | 19.6M | 24.3M | 27.6M | 30.3M | 38.1M | 61.1M | 63.7M | 63.4M | 67.8M | 77.6M |
Every figure is extracted from Vuzix Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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