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Vuzix
(NASDAQ:VUZI)
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Rating:52Neutral
Price Target:
$2.50
▼(-8.76% Downside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by weak financial performance—negative margins, large losses, and continued cash burn—despite low leverage and liquidity. Technicals are a clear positive with a strong uptrend and bullish momentum, while valuation remains constrained by negative earnings and no dividend support. Earnings-call guidance is optimistic but not yet reflected in revenue growth or cash-flow improvement, and the new ATM financing adds potential dilution risk.
Positive Factors
Low leverage and liquidity
Very low leverage and reported liquidity reduce near-term solvency pressure while Vuzix funds product development and commercialization. The absence of debt preserves financing flexibility, although continued losses mean this balance-sheet advantage depends on disciplined cash use and access to capital.
Negative Factors
Revenue contraction and limited scale
Declining revenue and a very small current scale indicate that customer interest has not yet translated into broad commercial demand. This limits operating leverage, makes quarterly results vulnerable to program timing, and leaves the business far from supporting its existing cost structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and liquidity
Very low leverage and reported liquidity reduce near-term solvency pressure while Vuzix funds product development and commercialization. The absence of debt preserves financing flexibility, although continued losses mean this balance-sheet advantage depends on disciplined cash use and access to capital.
Read all positive factors
Vuzix (VUZI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$205.97M
Dividend YieldN/A
Average Volume (3M)966.02K
Price to Earnings (P/E)―
Beta (1Y)2.66
Revenue Growth6.76%
EPS Growth28.34%
CountryUS
Employees88
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-0.39
Shares Outstanding84,414,230
10 Day Avg. Volume568,396
30 Day Avg. Volume966,025
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)8.46
Price to Sales (P/S)46.70
P/FCF Ratio-13.73
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$6.00Price Target Upside118.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.42
Revenue Forecast (FY)$11.49M
Vuzix Business Overview & Revenue Model
Company Description
Vuzix Corporation designs, manufactures, and markets artificial intelligence (AI)-powered smart glasses, waveguides, and augmented reality (AR) technologies in North America, Europe, the Asia Pacific, and internationally. The company offers smart ...
How the Company Makes Money
Vuzix primarily makes money by selling AR smart glasses and related accessories to business and institutional customers for hands-free workflows such as remote assistance, field service, warehousing/logistics, and training. Revenue is generated th...
Vuzix Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The call conveyed strong strategic and technical progress — expanding customer engagements (Amazon, automotive OEM, Collins Aerospace), growing waveguide manufacturing capacity, and promising inbound interest for new markets (AI data center interconnect). However, near-term financials remain weak: Q2 revenues declined 14% YoY, operating cash burn increased, R&D spending rose, and net losses stayed large. The narrative is constructive about future conversion of validated programs into production, but tangible revenue lift and margin improvements are not yet realized.Positive Updates
Strategic Customer Traction and Partnerships
Multiple high-profile engagements: Amazon expanded use from M400 to next-generation ultralight Pro; a leading global automotive OEM has completed initial system deliveries and is progressing toward factory rollouts; Collins Aerospace program moved from development into initial production for waveguide-based AR displays for drones; ongoing defense and government engagements with expected contracting activity later in the year.
Negative Updates
Quarterly Revenue Decline
Total Q2 2026 revenue was $1.1 million versus $1.3 million in Q2 2025, a decline of 14% year-over-year.
Read all updates
Q2-2026 Updates
Positive
Negative
Strategic Customer Traction and Partnerships
Multiple high-profile engagements: Amazon expanded use from M400 to next-generation ultralight Pro; a leading global automotive OEM has completed initial system deliveries and is progressing toward factory rollouts; Collins Aerospace program moved from development into initial production for waveguide-based AR displays for drones; ongoing defense and government engagements with expected contracting activity later in the year.
Read all positive updates
Company Guidance
Management's forward guidance emphasized converting validated programs into production across its three pillars—enterprise smart glasses, OEM solutions and waveguides—with expectations for more production orders in 2H26 and a stronger production year with Collins in 2027; they said LX1 momentum and self‑contained, waveguide‑based devices should drive revenue growth as OEM and defense programs move from validation to commercialization and AI reduces software integration barriers. Key Q2 metrics underpinning the guidance: total revenue $1.1M (down 14% YoY), product sales $900k, engineering/OEM $200k, gross loss $600k (15% improvement YoY), R&D $3.1M (up 20% YoY), S&M $1.2M (down 11%), G&A $2.7M (down 3%), net loss $7.7M or $0.09/share; balance sheet and cash highlights include $17.3M cash, ~ $18M net working capital, no debt, Q2 operating cash use $6.6M (vs. $4.8M YoY), Q2 investing cash use $400k (vs. $900k), Q2 financing proceeds $4.1M (vs. $7.9M), and ~ $1.2M of H1 capex in waveguide equipment—management expects these investments and program conversions to drive higher revenue and operating leverage as volumes scale.Vuzix Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.91M | 6.28M | 5.75M | 12.13M | 11.84M | 13.16M |
| Gross Profit | -1.47M | -1.06M | -4.87M | -1.75M | 2.28M | 2.89M |
| EBITDA | -28.34M | -29.12M | -39.82M | -45.42M | -39.89M | -37.95M |
| Net Income | -30.67M | -32.27M | -73.54M | -50.15M | -40.76M | -40.38M |
Balance Sheet | ||||||
| Total Assets | 35.19M | 40.07M | 39.41M | 86.15M | 132.31M | 148.47M |
| Cash, Cash Equivalents and Short-Term Investments | 17.30M | 21.15M | 18.19M | 26.56M | 72.56M | 120.20M |
| Total Debt | 741.33K | 1.00M | 494.24K | 301.19K | 956.16K | 1.12M |
| Total Liabilities | 4.08M | 5.39M | 2.11M | 5.35M | 15.58M | 4.74M |
| Stockholders Equity | 31.11M | 34.68M | 37.29M | 80.79M | 116.73M | 143.73M |
Cash Flow | ||||||
| Free Cash Flow | -24.90M | -21.36M | -26.66M | -42.86M | -43.39M | -31.83M |
| Operating Cash Flow | -22.70M | -18.79M | -23.74M | -26.28M | -24.52M | -26.98M |
| Investing Cash Flow | -2.52M | -2.62M | -2.92M | -19.28M | -21.17M | -4.85M |
| Financing Cash Flow | 25.07M | 24.37M | 18.29M | -449.56K | -1.95M | 115.97M |
Vuzix Technical Analysis
Negative
2.74
Price Trends
2.57
Negative
2.94
Negative
2.84
Negative
Market Momentum
-0.05
Positive
38.91
Neutral
12.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VUZI, the sentiment is Negative. The current price of 2.74 is above the 20-day moving average (MA) of 2.72, above the 50-day MA of 2.57, and below the 200-day MA of 2.84, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.91 is Neutral, neither overbought nor oversold. The STOCH value of 12.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VUZI.
Vuzix Risk Analysis
Vuzix disclosed 34 risk factors in its most recent earnings report. Vuzix reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Vuzix Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $4.67T | 36.53 | 137.18% | 0.33% | 14.24% | 32.57% | |
63 Neutral | $147.40B | -105.71 | -2.74% | 0.65% | -1.74% | -118.42% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $205.97M | -6.33 | -89.11% | ― | 6.76% | 28.34% | |
50 Neutral | $318.14M | -1.72 | -529.55% | ― | -23.86% | -41.32% | |
47 Neutral | $70.47M | -0.11 | -27.93% | 0.84% | 38.14% | 43.05% | |
46 Neutral | $4.01M | -0.04 | -53.43% | ― | 66.59% | 88.55% |
* Technology Sector Average
VUZI
Vuzix
2.44
0.13
5.63%
AAPL
Apple
319.97
82.97
35.01%
GPRO
GoPro
1.70
-0.02
-1.16%
SONY
Sony Group
24.56
-3.40
-12.15%
ZEPP
Zepp Health
4.80
-43.20
-90.00%
WLDS
Wearable Devices Ltd.
1.83
-7.44
-80.26%
Vuzix Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Vuzix Establishes New At-the-Market Equity Program
Positive
Aug 14, 2026
On August 14, 2026, Vuzix Corporation entered into a new Open Market Sales Agreement with Jefferies LLC to establish an at‑the‑market equity offering program for its common stock, replacing a prior agreement from February 9, 2024. Unde...
Executive/Board ChangesShareholder Meetings
Vuzix Shareholders Reaffirm Board, Governance and Compensation
Positive
Jun 17, 2026
On June 16, 2026, Vuzix Corporation held its annual meeting of stockholders, at which shareholders elected Paul Travers, Grant Russell, Timothy Harned, Paula Whitten-Doolin and Alasdair MacKinnon to the board to serve until the next annual meeting...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.