Vuzix Corp
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $6.3M | $5.8M | $12.1M | $11.8M | $13.2M | $11.6M | $6.7M |
| Cost of Revenue | — | $7.3M | $11.4M | $14.8M | $10.4M | $11.6M | $11.0M | $11.1M |
| Gross Profit | — | $-1.1M | $-5.6M | $-2.6M | $1.5M | $1.6M | $598.0K | $-4.4M |
| Gross Margin | — | -16.9% | -97.3% | -21.7% | 12.5% | 11.9% | 5.2% | -66.1% |
| Operating Expenses | ||||||||
| Research & Development | — | $12.6M | $9.6M | $12.3M | $12.7M | $11.7M | $7.6M | $8.9M |
| SG&A Expense | — | $11.6M | $17.2M | $18.6M | $21.0M | $22.5M | $6.9M | $6.6M |
| Operating Income | — | $-32.5M | $-74.0M | $-52.3M | $-42.2M | $-40.0M | $-19.1M | $-26.6M |
| Operating Margin | — | -517.6% | -1,285.4% | -431.2% | -356.8% | -303.7% | -165.2% | -398.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | $-32.3M | $-73.5M | $-50.1M | $-40.8M | $-40.4M | $-18.0M | $-26.5M |
| Income Tax Expense | — | $0 | $0 | $0 | — | — | $0 | $0 |
| Net Income | — | $-32.3M | $-73.5M | $-50.1M | $-40.8M | $-40.4M | $-18.0M | $-26.5M |
| Net Margin | — | -513.9% | -1,277.9% | -413.5% | -344.4% | -306.7% | -155.0% | -396.9% |
| EPS (Basic) | — | $-0.42 | $-1.08 | $-0.79 | $-0.64 | $-0.66 | $-0.53 | $-0.94 |
| EPS (Diluted) | — | $-0.42 | $-1.08 | $-0.79 | $-0.64 | $-0.66 | $-0.53 | $-0.94 |
| Shares Outstanding (Basic) | 83.2M | 77.6M | 67.8M | 63.4M | 63.7M | 61.1M | 38.1M | 30.3M |
| Shares Outstanding (Diluted) | 83.2M | 77.6M | 67.8M | 63.4M | 63.7M | 61.1M | 38.1M | 30.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |