secwatch.observer — SEC 8-K summary
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Issuer:     Vuzix Corp (VUZI)
CIK:        0001463972
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001104659-22-030964
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463972/000110465922030964/0001104659-22-030964-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463972/000110465922030964/tm228559d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-030964

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