{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-117986","form_type":"8-K","ticker":"VUZI","cik":"0001463972","company_name":"Vuzix Corp","filed_at":"2023-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.139381+00:00","generated_at":"2026-06-08T03:23:56.118134+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Vuzix Q3 revenue down 36% to $2.2M; net loss widens to $11.0M","bullets":["Total sales $2.18M vs $3.43M YoY; product sales fell to $1.37M from $2.54M.","Gross loss of $0.24M vs gross profit of $0.87M; gross margin negative 11%.","Net loss $11.0M ($0.17/share) vs $9.5M ($0.15/share) in Q3 2022.","Ended Q3 with $38.0M cash, no debt; record $3.2M OEM project backlog.","CEO plans cost restructuring targeting 20% annual opex reduction; bullish on 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-117986","json":"https://secwatch.observer/filing/0001104659-23-117986.json","markdown":"https://secwatch.observer/filing/0001104659-23-117986.md","text":"https://secwatch.observer/filing/0001104659-23-117986.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463972/000110465923117986/0001104659-23-117986-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463972/000110465923117986/tm2330746d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T03:23:56.118134+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5d22ca3863511a171755afa1eded6ee9d960c5bd","claim":"Vuzix Corp reported the three months ended September 30, 2023 results: revenue $2.2 million, net income $11.0 million or $0.17 cents per share, EPS $0.17.","evidence_excerpt":") (9,477 ) Loss per Common Share $ (0.17 ) $ (0.15 ) Third Quarter 2023 Financial Results For the three months ended September 30, 2023, total revenues decreased by 36% to $2.2 million versus $3.4 million for the comparable period in 2022. The decline in total revenues was primarily due to lower product sales, and specifically decreased unit sales of M400 smart","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463972/000110465923117986/0001104659-23-117986-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Revenue","value":"$2.2 million"},{"label":"Net income","value":"$11.0 million or $0.17 cents per share"},{"label":"EPS","value":"$0.17"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}