Vuzix Reports Second Quarter 2025 Results
Vuzix (NASDAQ: VUZI) reported Q2 2025 financial results, with total revenues increasing 19% to $1.3 million compared to Q2 2024. The company received the second $5 million tranche investment from Quanta, bringing total investment to $15 million out of planned $20 million.
Key highlights include shipping waveguides to their first tier-1 OEM customer and introducing the LX1 enterprise smart glasses for warehousing and logistics. Despite revenue growth, the company reported a net loss of $7.7 million ($0.10 per share), though improved from a $40.6 million loss in Q2 2024. Cash position remained strong at $17.5 million with positive working capital of $20.3 million.
Operating expenses showed significant improvement with a 26% year-over-year decrease in cash operating expenses, including 40% reduction in Selling and Marketing and 39% decrease in General and Administrative expenses.
Vuzix (NASDAQ: VUZI) ha comunicato i risultati finanziari del secondo trimestre 2025: i ricavi totali sono cresciuti del 19% arrivando a 1,3 milioni di dollari rispetto al Q2 2024. L'azienda ha ricevuto la seconda tran葯a da 5 milioni di dollari da Quanta, per un investimento complessivo di 15 milioni su un piano da 20 milioni.
Tra i punti salienti, la spedizione di waveguide al primo cliente OEM di livello 1 e il lancio degli smart glasses enterprise LX1 per magazzini e logistica. Nonostante la crescita dei ricavi, la societ脿 ha registrato una perdita netta di 7,7 milioni di dollari (0,10$ per azione), in miglioramento rispetto alla perdita di 40,6 milioni del Q2 2024. La posizione di cassa 猫 rimasta solida a 17,5 milioni di dollari e il capitale circolante positivo 猫 stato di 20,3 milioni.
Le spese operative sono nettamente diminuite, con una riduzione del 26% su base annua delle spese operative in contanti, inclusa una riduzione del 40% nelle vendite e marketing e del 39% nelle spese generali e amministrative.
Vuzix (NASDAQ: VUZI) inform贸 los resultados del segundo trimestre de 2025: los ingresos totales aumentaron un 19% hasta 1,3 millones de d贸lares respecto al Q2 de 2024. La compa帽铆a recibi贸 el segundo tramo de 5 millones de d贸lares de Quanta, acumulando 15 millones de inversi贸n sobre los 20 millones previstos.
Entre los puntos clave est谩 el env铆o de waveguides a su primer cliente OEM de nivel 1 y la presentaci贸n de las gafas inteligentes empresariales LX1 para almacenes y log铆stica. A pesar del crecimiento de ingresos, la compa帽铆a registr贸 una p茅rdida neta de 7,7 millones de d贸lares (0,10$ por acci贸n), mejor que la p茅rdida de 40,6 millones en el Q2 de 2024. La posici贸n de caja se mantuvo s贸lida en 17,5 millones de d贸lares y el capital de trabajo fue positivo en 20,3 millones.
Los gastos operativos mejoraron de forma significativa, con una reducci贸n del 26% interanual en gastos operativos en efectivo, incluyendo una ca铆da del 40% en Ventas y Marketing y del 39% en Gastos Generales y Administrativos.
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Vuzix (NASDAQ: VUZI) a publi茅 ses r茅sultats du deuxi猫me trimestre 2025 : le chiffre d'affaires total a augment茅 de 19% pour atteindre 1,3 million de dollars par rapport au T2 2024. La soci茅t茅 a re莽u la deuxi猫me tranche de 5 millions de dollars de Quanta, portant l'investissement total 脿 15 millions sur les 20 millions pr茅vus.
Parmi les points marquants : l'exp茅dition de waveguides au premier client OEM de niveau 1 et le lancement des lunettes connect茅es professionnelles LX1 pour entrep么ts et logistique. Malgr茅 la croissance du chiffre d'affaires, la soci茅t茅 a enregistr茅 une perte nette de 7,7 millions de dollars (0,10$ par action), en am茅lioration par rapport 脿 la perte de 40,6 millions au T2 2024. La tr茅sorerie est rest茅e solide 脿 17,5 millions de dollars et le fonds de roulement positif s'茅l猫ve 脿 20,3 millions.
Les charges d'exploitation se sont nettement am茅lior茅es, avec une baisse de 26% en glissement annuel des d茅penses op茅rationnelles en esp猫ces, incluant une r茅duction de 40% des d茅penses commerciales et marketing et de 39% des frais g茅n茅raux et administratifs.
Vuzix (NASDAQ: VUZI) meldete die Finanzergebnisse f眉r Q2 2025: die Gesamtums盲tze stiegen um 19% auf 1,3 Millionen Dollar gegen眉ber Q2 2024. Das Unternehmen erhielt die zweite 5-Millionen-Dollar-Tranche von Quanta, womit insgesamt 15 Millionen der geplanten 20 Millionen investiert wurden.
Zu den Highlights z盲hlen die Auslieferung von Waveguides an den ersten Tier-1-OEM-Kunden sowie die Einf眉hrung der LX1 Enterprise Smart Glasses f眉r Lagerhaltung und Logistik. Trotz Umsatzwachstums wurde ein Nettoverlust von 7,7 Millionen Dollar (0,10$ je Aktie) ausgewiesen, was eine Verbesserung gegen眉ber dem Verlust von 40,6 Millionen im Q2 2024 darstellt. Die Cash-Position blieb mit 17,5 Millionen Dollar stark und das Working Capital lag positiv bei 20,3 Millionen.
Die Betriebskosten verbesserten sich deutlich: die Bargeld-basierten Betriebsausgaben sanken im Jahresvergleich um 26%, einschlie脽lich einer 40%igen Reduktion bei Vertrieb und Marketing sowie 39% weniger allgemeine und Verwaltungskosten.
- Revenue increased 19% year-over-year to $1.3 million
- Secured $5 million second tranche investment from Quanta, total investment now $15 million
- Cash operating expenses decreased 26% year-over-year
- Strong cash position of $17.5 million with positive working capital of $20.3 million
- Successfully shipped waveguides to first tier-1 OEM customer
- Net loss per share improved from $0.62 to $0.10 year-over-year
- Gross loss increased to $0.8 million from $0.3 million year-over-year
- Net loss of $7.7 million despite cost reductions
- Engineering services revenue declined to $0.3 million from $0.5 million
- R&D expenses increased 9% to $2.6 million
- Additional reserves required for inventory obsolescence
Insights
Vuzix shows 19% revenue growth but widening losses; strategic progress with Quanta investment and new product developments amid challenging financials.
Vuzix's Q2 2025 results present a mixed financial picture with some strategic progress. Revenue increased by
The company made notable progress on its strategic initiatives, receiving the second
On the expense front, management has implemented cost control measures resulting in a
Despite cost-cutting efforts, Vuzix posted a net loss of
Vuzix ended the quarter with
Looking forward, Vuzix's strategy centers on securing additional ODM/OEM design wins across consumer, enterprise, and defense sectors, which management believes can evolve into recurring revenue streams. The waveguide business appears to be gaining momentum, potentially providing a more sustainable growth path than the company's own branded smart glasses line, which continues to generate modest revenues despite years in the market.
"During the second quarter of 2025, Vuzix met all the manufacturing and performance gates tied to receipt of the second Quanta tranche and received that
"We also finalized and introduced the LX1 enterprise smart glasses, with initial customer sampling underway with a production rollout scheduled before year end. Offering integrated voice and vision assisted workflows, the LX1 is our first purpose-built smart glasses designed to meet the evolving demand of the warehousing and logistics industry and falls squarely on top of human-in-the-loop (HITL) automation or co-robotics, which is one of the largest and fastest-growing market segments for such augmentation.听 And finally, during the second quarter, we grew revenue by
The following table compares condensed elements of the Company's unaudited summarized Consolidated Statements of Operations data for the three months ended June 30, 2025 and 2024, respectively:
For Three Months Ended June 30 | |||||
( | |||||
2025 | 2024 | ||||
Sales: | |||||
Sales of Products | $听听 601 | ||||
Sales of Engineering Services | 250 | 491 | |||
Total Sales | 1,296 | 1,093 | |||
Total Cost of Sales | 2,057 | 1,426 | |||
Gross Profit (Loss) | (761) | (333) | |||
Operating Expenses: | |||||
Research and Development | 2,571 | 2,359 | |||
Selling and Marketing | 1,353 | 2,238 | |||
General and Administrative | 2,757 | 4,492 | |||
Depreciation and Amortization | 413 | 1,188 | |||
Impairment of Licenses, Patents &Trademarks | - | 30,120 | |||
Loss from Operations | (7,855) | (40,730) | |||
Total Other Income (Expense) | 189 | 118 | |||
听 Net Loss | 听听 (7,666) | 听 (40,612) | |||
Loss per Common Share | $听 (0.10) | $ 听听(0.62) | |||
Second Quarter 2025 Financial Results
For the three months ended June 30, 2025, total revenues increased by
There was an overall gross loss of
Research and Development expense was
Selling and Marketing expense was
General and Administrative expense for the three months ended June 30, 2025 was
The net loss for the three months ended June 30, 2025 was
Net cash flows used in operating activities was
Management Outlook
"With a growing pipeline of ODM/OEM opportunities, new strategic partnerships, and increasing demand for AI-enhanced wearable solutions, we believe the market is gaining momentum 鈥� and that Vuzix is uniquely positioned to capitalize as AI and AR technologies converge to transform how we work, communicate, and interact with digital information," said Mr. Travers.
"We ended June 2025 with the capital resources needed to execute upon our current operating plan," continued Mr. Travers. "Having recently met all manufacturing and performance milestones tied to the third Quanta tranche, we anticipate receiving the final
"On the enterprise side, we are seeing growing customer engagements and measurable successes, supported by substantial usage data demonstrating significant productivity gains. These results are being driven by leading enterprise ISV applications as well as our own Vuzix Solutions platform, formerly called Moviynt庐, which is helping to redefine warehouse and field operations with AR-powered efficiency. We remain confident that anticipated follow-on orders for smart glasses this year will further reduce existing inventory levels and lead to the conversion of finished goods into cash, paving the way for a smooth rollout of our next-generation LX1 product for warehousing and logistics which will begin shipping to end customers and ISVs before the end of the year," concluded Mr. Travers.听
Conference Call Information听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Date: Thursday, August 14, 2025
Time: 4:30 p.m. Eastern Time (ET)
Dial-in Number for
Dial-in Number for International Callers (Outside of the
A live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: 听or directly at 听听
Participating on the call will be Vuzix' Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together will discuss operational and financial highlights for the quarter ended June 30, 2025.
To join the live conference call, please dial into the above referenced telephone numbers five to ten minutes prior to the scheduled conference call time.
A telephonic replay will be available for 30 days, starting on August 14, 2025, at approximately 5:30 p.m. (ET). To access this replay, please dial 877-660-6853 within the
About Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented AG真人官方ity (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 450 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in:
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to, among other things, the timing of new product releases, opportunities related to market disruptions regarding smart glasses demand, R&D project successes, smart glasses pilot to roll-out conversion rates, existing and new engineering services and conversion to volume production OEM programs, future revenue and operating results, the amount and impact of operating expense cash reductions, and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at or ). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Investor Relations Contact
Ed McGregor, Director of Investor Relations
Vuzix Corporation
[email protected]
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road,
Investor Information 鈥� [email protected]
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