---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-090060"
form_type: "8-K"
ticker: "VUZI"
cik: "0001463972"
company_name: "Vuzix Corp"
filed_at: "2024-08-15T23:59:59+00:00"
generated_at: "2026-05-31T08:59:39.734198+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vuzix Q2 revenue down 77% to $1.1M, net loss $40.6M on $30.1M impairment charge

## Summary
- Total revenues $1.1M, down 77% YoY from $4.7M; product sales fell to $601K from $4.4M.
- Gross loss of $333K vs gross profit of $972K in Q2 2023; gross margin -30%.
- Non-cash impairment charge of $30.1M on Atomistic license write-off, driving net loss to $40.6M ($0.62/share).
- Cash net loss (non-GAAP) $5.9M vs $4.5M; cash and equivalents $9.9M, working capital $22.1M.
- Company reduced annual cost structure by $8M vs 2023; expects H2 revenue improvement from enterprise and defense.

## SEC filing metadata
- accession: 0001104659-24-090060
- form_type: 8-K
- ticker: VUZI
- cik: 0001463972
- company_name: Vuzix Corp
- filed_at: 2024-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463972/000110465924090060/0001104659-24-090060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463972/000110465924090060/tm2421809d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-090060
- JSON: https://secwatch.observer/filing/0001104659-24-090060.json
- Plain text: https://secwatch.observer/filing/0001104659-24-090060.txt

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