Vuzix reports FY 2021 revenue up 14% to $13.2M; net loss widens; board explores $25M buyback

Vuzix Corp

FY 2021 total revenue $13.2M (+14% YoY); smart glasses revenue +27% YoY.
Full year net loss $40.4M ($0.66 loss per share) vs $18.0M ($0.53) in 2020.
Q4 2021 revenue $3.3M (-22% YoY); operating loss of $16.8M vs $4.8M.
Cash and cash equivalents $120M; working capital $133M.
Board authorized investigation of up to $25M share buyback over next 12 months.

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