secwatch.observer — SEC 8-K summary
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Issuer:     Vuzix Corp (VUZI)
CIK:        0001463972
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001104659-22-088487
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vuzix Q2 net loss $10.0M ($0.16/sh); revenue $3.0M (+3% YoY)
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- Total revenue $3.008M vs $2.917M in Q2 2021; product sales $2.899M (+2%).
- Gross profit $0.426M (14% margin) vs $0.579M (20%) a year ago; discounts and FX headwinds cited.
- R&D expense $3.0M (+10% YoY); SG&A $1.9M (+37%) on headcount; G&A $5.0M (-3%).
- Cash & equivalents $100.6M; working capital $109.1M; net cash ops loss $5.5M.
- Management expects stronger second-half revenue from enterprise and OEM deployments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463972/000110465922088487/0001104659-22-088487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463972/000110465922088487/tm2223094d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-088487

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