secwatch.observer — SEC 8-K summary
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Issuer:     Vuzix Corp (VUZI)
CIK:        0001463972
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001104659-21-137325
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vuzix Q3 revenue up 9% to $3.0M; net loss widens to $7.9M; expects Q4 sequential growth
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- Product sales $3.0M (+12% YoY); total revenue $3.0M (+9%).
- Gross margin improved to 19% from 13%; R&D and SG&A expenses rose ~70-90% on headcount.
- Net loss $7.9M ($0.13/share) vs $4.8M ($0.13) in prior year; cash $128.7M.
- Management cites supply chain delays for sales at low end of expectations.
- Plans to introduce 4 new smart glasses products in 2022; confident in Q4 sequential growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463972/000110465921137325/0001104659-21-137325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463972/000110465921137325/tm2132673-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-137325

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer