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Vuzix (VUZI) investor relations material
Vuzix Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Strategic partnerships expanded, including a $20M investment from Quanta and new collaborations with TCL and Saphlux to advance AR display solutions.
Appointed Dr. Chris Parkinson as President of Enterprise Solutions to drive enterprise adoption and deployment.
Amazon's use of smart glasses is scaling from Europe to North America, with commercial rollout and new use cases in data centers and janitorial services.
Received first volume purchase orders from a leading global online retailer and a six-figure development order from a U.S. defense contractor.
Total sales for the nine months ended September 30, 2025, decreased 10% year-over-year to $4.0M, with product sales down 4% and engineering services down 27%.
Financial highlights
Q3 2025 revenue was $1.2M, down 16% year-over-year due to lower M400 smart glasses sales and a 33% decline in engineering services.
Gross loss increased to $0.4M from $0.3M year-over-year, mainly due to lower product sales and fixed overheads.
Net loss for Q3 2025 was $7.4M ($0.09/share), improved from $9.2M ($0.14/share) in Q3 2024.
Cash and equivalents rose to $22.6M as of September 30, 2025, with no debt obligations and working capital of $24.3M.
Operating expenses declined 22% year-over-year, reaching $7.1M, the lowest since 2020.
Outlook and guidance
Q4 revenue and purchase order obligations have already exceeded Q3 levels, with strong momentum in both OEM and products business.
Management expects margin improvement with the commencement of volume manufacturing and sales of waveguides from the new plant.
Defense programs are entering production, with expectations for increased OEM revenue and higher-margin product mix in 2026.
Plans to showcase new co-developed concepts with OEM partners at CES 2026.
Management believes current cash and capital-raising ability alleviate substantial doubt about going concern.
How will Quanta partnership accelerate AI smart glasses?
How will Dr. Parkinson drive enterprise deployments?
What caused the Q3 gross loss increase?
Quanta capacity ramp strategy and timeline?
When will defense program volumes be measurable?
Detail Amazon program's future expansion plans
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Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, the Asia-Pacific, Europe, and internationally.
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