{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-049290","form_type":"8-K","ticker":"VUZI","cik":"0001463972","company_name":"Vuzix Corp","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.505427+00:00","generated_at":"2026-06-03T15:46:52.602125+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Vuzix reports FY2023 net loss $50.1M; Q4 revenue down 63% YoY","bullets":["FY2023 revenue $12.1M (+2% YoY); net loss $50.1M ($0.79/sh) vs $40.8M ($0.64) in FY2022.","Q4 2023 revenue $1.07M (down 63% from $2.90M in Q4 2022); Q4 net loss $19.9M ($0.32/sh) vs $10.8M ($0.17).","Full-year gross loss of $2.6M (vs gross profit $1.5M in 2022), including $4.4M inventory write-down.","Selling & marketing expense rose 57% to $12.7M; goodwill and intangible impairment $2.1M.","Cash and equivalents $26.6M at Dec 31, 2023; management cites slower enterprise AR adoption."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-049290","json":"https://secwatch.observer/filing/0001104659-24-049290.json","markdown":"https://secwatch.observer/filing/0001104659-24-049290.md","text":"https://secwatch.observer/filing/0001104659-24-049290.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463972/000110465924049290/0001104659-24-049290-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463972/000110465924049290/tm2412280d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T15:46:52.602125+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":"10a518c1015f12e9b6cc6437ecef61e5876887d6","claim":"Vuzix Corp reported the year ended December 31, 2023 results: revenue $12.1 million, net income $50.1 million, EPS $0.79.","evidence_excerpt":"For the full year ended December 31, 2023, total revenues were $12.1 million, an increase of 2% over the comparable period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463972/000110465924049290/0001104659-24-049290-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$12.1 million"},{"label":"Net income","value":"$50.1 million"},{"label":"EPS","value":"$0.79"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2da0078c16d1e78fddd12a2f2a2b09f6359dba30","claim":"Vuzix Corp reported financial results for the fourth quarter and full year ended December 31, 2023.","evidence_excerpt":"On April 15, 2024, Vuzix Corporation (the “Company”) issued a press release announcing the Company’s financial results for the period ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463972/000110465924049290/0001104659-24-049290-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year ended December 31, 2023"},{"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"}