Vuzix full-year 2025 revenue up 9%, net loss narrows to $32.3M; Quanta funding secured

For the three months ended December 31, 2025, total revenues were $2.2 million as compared to $1.3 million in the prior year’s comparable fourth quarter. The revenue increase was due to higher product sales, specifically M400 smart glasses, and substantially greater engineering services sales from defense and security agency customers. For the fourth quarter ended December 31, 2025, the net loss attributable to common shareholders was $8.7 million or $0.12 per share as compared to a loss of $13.7 million or $0.16 per share for the fourth quarter of 2024.

Three Months Ended December 31 (unaudited – in 000s) Twelve Months Ended December 31 (audited – in 000s) 2025 2024 2025 2024 Sales: Sales of Products $ 1,411 $ 1,069 $ 4,677 $ 4,487 Sales of Engineering Services 832 204 1,604 1,267 Total Sales 2,243 1,272 6,281 5,755 Cost of Products and Eng. Services 1,629 2,058 6,840 7,186 Inventory Obsolescence 238 4,168 503 4,168 Gross Profit (Loss) 375 (4,953 ) (1,062 ) (5,600 ) Operating Expenses: Research and Development 4,513 2,220 12,626 9,626 Selling and Marketing 1,441 1,946 5,479 8,191 General and Administrative 2,339 4,289 11,632 17,230 Depreciation and Amortization 360 425 1,603 2,995 Loss on Fixed Asset Disposal 107 16 107 28 Impairment on Intangible Asset and Equity Investment - - - 30,301 Loss from Operations (8,384 ) (13,850 ) (32,508 ) (73,971 ) Total Other Income (Expense) (231 ) 193 235 433 Net Loss (8,615 ) (13,656 ) (32,273 ) (73,538 ) Preferred Stock Dividends (38 ) - (62 ) - Loss Attributable to Common Shareholders $ (8,653 ) $