secwatch / observer

Vuzix Corp — fact timeline

Source-grounded facts extracted from Vuzix Corp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

VUZI Vuzix Corp JSON
Shareholder Votes

Vuzix Corp shareholders approved Approval, on an advisory basis, of the compensation disclosed in the Company’s proxy statement of the Company’s named executive officers at the 2026-06-16 meeting.

“3. Approval, on an advisory basis, of the compensation disclosed in the Company’s proxy statement of the Company’s named executive officers: Votes For Votes Against Votes Abstained Broker Non-Votes 21,461,045 5,191,050 274,307 24,777,197”
Shareholder Votes

Vuzix Corp shareholders approved Ratification of appointment of Withum Smith+Brown, PC as the Company’s independent registered public accounting firm for 2026 at the 2026-06-16 meeting.

“2. Ratification of appointment of Withum Smith+Brown, PC as the Company’s independent registered public accounting firm for 2026: Votes For Votes Against Votes Abstained 46,949,283 1,923,991 2,830,325”
Shareholder Votes

Vuzix Corp shareholders approved Election of Directors at the 2026-06-16 meeting.

“1. Election of Directors: Name Votes For Votes Against Votes Abstained Broker Non-Votes Paul Travers 25,171,105 1,612,873 142,424 24,777,197 Grant Russell 25,175,342 1,688,932 62,128 24,777,197 Timothy Harned 24,434,867 2,351,409 140,126 24,777,197 Paula Whitten-Doolin 24,616,233 2,190,657 119,512 24,777,197 Alasdair MacKinnon 25,098,601 1,706,201 121,600 24,777,197”
Earnings Releases

Vuzix Corp reported the three months ended March 31, 2026 results: revenue $1.4 million, net income $7.1 million, EPS $0.09 per share.

“For the three months ended March 31, 2026, total revenues decreased by 12% to $1.4 million versus $1.6 million for the comparable period in 2025.”
Earnings Releases

Vuzix Corp reported full year ended December 31, 2025 results: revenue 6,281, net income $ (32,335 ), EPS $ (0.42 ).

“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 ) $”
Earnings Releases

Vuzix Corp reported fourth quarter ended December 31, 2025 results: revenue $2.2 million, net income $8.7 million, EPS $0.12 per share.

“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.”
Equity Issuances

Vuzix Corp issued 230,242 shares of the Company’s Series B Preferred Stock of preferred stock to Quanta Computer Inc. for purchase price of $21.716 per share.

“On September 19, 2025, Vuzix Corporation (the “Company”) completed the closing of the third and final tranche under the Company’s previously disclosed securities purchase agreement, dated September 3, 2024, with Quanta Computer Inc. (“Quanta”). Pursuant to this closing, the Company sold to Quanta 230,242 shares of the Company’s Series B Preferred Stock (each convertible into 10 shares of common stock) at a purchase price of $21.716 per share.”
Restructurings & Charges

Vuzix Corp announced a impairment with charges of up to the aggregate amount of $32.2 million, including $26.5 million for technology licenses, and $5.7 million for the Company's investment in Atomistic affecting investment in Atomistic SAS.

“As a result of the termination of the Granted License, on July 1, 2024, the Company's chief financial officer concluded that the Company will be required to incur a material charge for impairment under generally accepted accounting principles, up to the aggregate amount of $32.2 million, including $26.5 million for technology licenses, and $5.7 million for the Company's investment in Atomistic.”
Earnings Releases

Vuzix Corp reported three months ended March 31, 2024 results: revenue $2.0 million, net income net loss of $10.0 million, EPS $0.16 cents per share.

“For the three months ended March 31, 2024, total revenues decreased by 52% to $2.0 million versus $4.2 million for the comparable period in 2023. The decrease in total revenues was due to lower product sales and specifically reduced unit sales of M400 smart glasses. Engineering services revenues were $0.2 million for the three months ended March 31, 2024 as compared to nil in the prior year’s quarter. There was an overall gross loss of $0.1 million for the three months ended March 31, 2024 as compared to a gross profit of $0.9 million or 21% of revenue for the same period in 2023. The loss was the result of lower revenues to absorb many of our relatively fixed manufacturing overhead costs as compared to the 2023 period. Research and Development expense was $2.7 million for the three months ended March 31, 2024, versus $3.1 million for the comparable 2023 period, a decrease of approximately 11%. This decrease was primarily due to reduced salary and benefits expenses. Selling and Marketi”
Earnings Releases

Vuzix Corp reported financial results for the fourth quarter and full year ended December 31, 2023.

“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.”
Earnings Releases

Vuzix Corp reported the year ended December 31, 2023 results: revenue $12.1 million, net income $50.1 million, EPS $0.79.

“For the full year ended December 31, 2023, total revenues were $12.1 million, an increase of 2% over the comparable period in 2022.”
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.

“) (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”
Earnings Releases

Vuzix Corp reported the three months ended June 30, 2023 results: revenue $4.7 million, net income $9.0 million, EPS $0.14 cents per share.

“(9,045 ) (10,022 ) Loss per Common Share $ (0.14 ) $ (0.16 ) Second Quarter 2023 Financial Results For the three months ended June 30, 2023 total revenues increased by 56% to $4.7 million versus $3.0 million for the comparable period in 2022. The increase in total revenues was primarily due to higher product sales and specifically, significantly higher unit sales”
Shareholder Votes

Vuzix Corp shareholders approved Approve the Vuzix Corporation 2023 Equity Incentive Plan at the 2023-06-15 meeting.

“4. Approve the Vuzix Corporation 2023 Equity Incentive Plan: Votes For Votes Against Votes Abstained Broker Non-Votes 16,660,489 4,459,131 185,587 16,489,654”
Shareholder Votes

Vuzix Corp shareholders approved Approval, on an advisory basis, of the compensation disclosed in the Company's proxy statement of the Company's named executive officers at the 2023-06-15 meeting.

“3. Approval, on an advisory basis, of the compensation disclosed in the Company’s proxy statement of the Company’s named executive officers: Votes For Votes Against Votes Abstained Broker Non-Votes 17,690,743 3,371,233 243,231 16,489,654”
Shareholder Votes

Vuzix Corp shareholders approved Ratification of appointment of Freed Maxick, CPAs, P.C. as the Company's independent registered public accounting firm for 2023 at the 2023-06-15 meeting.

“2. Ratification of appointment of Freed Maxick, CPAs, P.C. as the Company’s independent registered public accounting firm for 2023: Votes For Votes Against Votes Abstained 36,793,669 665,573 335,619”
Shareholder Votes

Vuzix Corp shareholders approved Election of Directors at the 2023-06-15 meeting.

“1. Election of Directors: Name Votes For Votes Against Votes Abstained Broker Non-Votes Paul J. Travers 20,767,088 451,023 87,096 16,489,654 Grant Russell 20,067,443 1,100,512 137,252 16,489,654 Edward Kay 20,328,811 880,104 96,292 16,489,654 Timothy Harned 18,960,275 2,252,339 92,593 16,489,654 Emily Nagle Green 19,945,040 1,284,511 75,656 16,489,654 Azita Arvani 19,783,444 1,241,409 280,354 16,489,654 Raj Rajgopal 20,134,094 778,331 392,782 16,489,654”
Earnings Releases

Vuzix Corp reported the three months ended March 31, 2023 results: revenue $4.2 million, net income net loss of $10.2 million, EPS ($0.16) per share.

“For the three months ended March 31, 2023, total revenues increased by 67% to $4.2 million versus $2.5 million for the comparable period in 2022. The increase in total revenues was due to higher product sales and specifically significantly higher unit sales of M400 smart glasses. No engineering services revenues were booked in the current or prior period. There was an overall gross profit of $0.9 million or 21% of revenues for the three months ended March 31, 2023 as compared to $0.5 million or 19% for the same period in 2022. This improvement was due to significantly higher product sales. Research and Development expense was essentially flat at $3.1 million for the three months ended March 31, 2023 as compared to the prior year period. Selling and Marketing expense was $2.5 million for the three months ended March 31, 2023, versus $2.0 million for the comparable 2022 period, an increase of approximately 26%. This increase was primarily due to higher salary and benefits expenses associ”
Earnings Releases

Vuzix Corp reported the three months ended December 31, 2022 results: revenue $2.9 million.

“For the three months ended December 31, 2022, total revenues were $2.9 million, a 13% decrease over the prior year's period.”
Earnings Releases

Vuzix Corp reported the year ended December 31, 2022 results: revenue $11.8 million, net income $40.8 million, EPS $0.64 cents per share.

“) $ (40,764 ) $ (40,377 ) Loss per Share $ (0.17 ) $ (0.17 ) $ (0.64 ) $ (0.66 ) Full Year 2022 Financial Results For the full year ended December 31, 2022, total revenues were $11.8 million, a decrease of 10% over the comparable period in 2021. The decrease in revenues for the year was due to lower sales of smart glasses, which resulted from a combination of higher”
Earnings Releases

Vuzix Corp reported the three months ended September 30, 2022 results: revenue $3.4 million, net income $9.5 million, EPS ($0.15).

“) (10,488 ) Loss per Common Share $ (0.15 ) $ (0.17 ) Third Quarter 2022 Financial Results For the three months ended September 30, 2022, total revenues increased by 14% to $3.4 million versus $3.0 million for the comparable period in 2021. Driving the increase in total revenues were engineering services revenues related to our waveguides and display engine”

Peter Jameson was appointed as chief operating officer at Vuzix Corp.

“On January 10, 2022, Peter Jameson was appointed chief operating officer of Vuzix Corporation (the “Company”).”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.