---
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"
generated_at: "2026-06-03T15:46:52.602125+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vuzix reports FY2023 net loss $50.1M; Q4 revenue down 63% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-049290
- JSON: https://secwatch.observer/filing/0001104659-24-049290.json
- Plain text: https://secwatch.observer/filing/0001104659-24-049290.txt

## Key facts
- Earnings Releases
  Vuzix Corp reported the year ended December 31, 2023 results: revenue $12.1 million, net income $50.1 million, EPS $0.79.
  - Period: the year ended December 31, 2023
  - Revenue: $12.1 million
  - Net income: $50.1 million
  - EPS: $0.79
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1463972/000110465924049290/0001104659-24-049290-index.htm
- Earnings Releases
  Vuzix Corp reported financial results for the fourth quarter and full year ended December 31, 2023.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1463972/000110465924049290/0001104659-24-049290-index.htm

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