Vuzix Corp
vuzix.comWhat Do They Do?
Sells AI-enabled smart glasses, waveguide optics and display engines to enterprise and medical customers, defense and security organizations, and device makers serving consumer markets.
10-K for FY2025, filed Mar 12, 2026Incorporated in Delaware in 1997, Vuzix Corporation (“Vuzix” or the “Company”) designs, manufactures, and markets AI-enabled smart glasses…View ↗
In addition to selling Vuzix-branded smart glasses, we provide custom optical display solutions and engineering services for ODMs and OEMs.…View ↗
Target MarketsView ↗
How Do They Make Money?
Customers buy smart glasses, software, accessories and optical components; product sales generally count when products ship. Engineering customers pay for services as rendered or development projects as work progresses.
10-K for FY2025, filed Mar 12, 2026The Company recognizes revenue from Contracts with Customers under FASB ASC Topic 606, “Revenue from Contracts with Customers”. Product…View ↗
Revenue from any engineering consulting and other services is recognized at the time the services are rendered. The Company accounts for…View ↗
The Company’s total revenue was comprised of two major product categories: Products Sales (which include smart glasses, software, and…View ↗
Revenues from our performance obligations are typically satisfied at a point-in-time for Product Sales, which are recognized when the…View ↗
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10-K for FY2025, filed Mar 12, 2026
FY2025 revenue by product or service ↗
$6.3M
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10-K for FY2025, filed Mar 12, 2026
$6.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales of Products
Sold outright
10-K for FY2025, filed Mar 12, 2026 |
74%
FY2022: 89%
|
Sales of Products, FY2025
$4.7M Sources
|
Sold outright |
|
Sales of Engineering Services
|
26%
FY2022: 11%
|
Sales of Engineering Services, FY2025
$1.6M Sources
|
Who Are Their Customers?
Vuzix sells globally through direct sales, resellers and distributors, and partnerships with manufacturers that integrate its components. Enterprise buyers can purchase through software and resale partners or directly; device makers source optical components and glasses platforms for their branded products.
10-K for FY2025, filed Mar 12, 2026We sell our products and components globally through a mix of direct sales, value-added resellers (VARs), distributors, and select ODM and…View ↗
In the Smart Glasses and AI/AR markets, our primary focus is on the enterprise sector, where we collaborate with software firms and…View ↗
For our ODM and OEM customers, we primarily supply waveguides, display engines, and Smart Glasses platforms for integration into branded…View ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$7.6MView ↗
- ▼ 0% (Loss)
- vs −$7.7M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 13, 2026
Open tableView ↗
Shrinking. Revenue fell 52% in 4 years, from $13.2M in FY2021 to $6.3M in FY2025, about 17% a year.
Move toward enterprise smart glasses
The latest report describes a move away from VR and video viewers toward enterprise smart glasses; the older report lists consumer VR, entertainment and mobile video alongside enterprise and defense markets.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Mar 12, 2026Historically, we have focused on three markets: the consumer markets for VR, entertainment and mobile video; Smart Glasses products for…View ↗
Historically, we have served three primary markets: (i) enterprise smart glasses, (ii) rugged wearable display products for defense…View ↗
OEM channel development
The older report described component sales to original equipment manufacturers as an early-stage channel; the latest describes supplying custom optical solutions and engineering services to original equipment and design manufacturers.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Mar 12, 2026We believe that our compact display engine technologies coupled with our waveguides are a key differentiator for enabling next generation…View ↗
In addition to selling Vuzix-branded smart glasses, we provide custom optical display solutions and engineering services for ODMs and OEMs.…View ↗
Who Do They Compete With?
Competes with Epson, Sony, Microsoft, Apple, Meta, Snap, Lenovo, HTC, Razer, HP, Xreal, TCL, Huawei, Magic Leap, Rokid, Google, RealWear, Lumus, Kopin, and Optinvent
10-K for FY2025, filed Mar 12, 2026Vuzix AR Smart Glasses competitors include binocular wearable displays and virtual reality systems, using microdisplays or smaller flat…View ↗
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