---
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"
generated_at: "2026-06-08T03:23:56.118134+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Vuzix Q3 revenue down 36% to $2.2M; net loss widens to $11.0M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-117986
- JSON: https://secwatch.observer/filing/0001104659-23-117986.json
- Plain text: https://secwatch.observer/filing/0001104659-23-117986.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended September 30, 2023
  - Revenue: $2.2 million
  - Net income: $11.0 million or $0.17 cents per share
  - EPS: $0.17
  - Result: reported results
  source text: ) (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_url: https://www.sec.gov/Archives/edgar/data/1463972/000110465923117986/0001104659-23-117986-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.