Vuzix Corporation Reports Q1 2025 Results: Net Loss Decreases to $8.6M, EPS Improves to $0.11

Reuters
13小时前
<a href="https://laohu8.com/S/VUZI">Vuzix</a> Corporation Reports Q1 2025 Results: Net Loss Decreases to $8.6M, EPS Improves to $0.11

Vuzix Corporation, a leading supplier of smart glasses, waveguides, and Augmented Reality $(AR)$ technologies, reported its first quarter results for the three months ended March 31, 2025. The company saw a decrease in total sales to $1.581 million from $2.004 million in the same period in 2024. This decrease was attributed to a drop in sales of products, which fell to $1.324 million from $1.829 million the previous year. However, sales of engineering services increased to $257,000 from $175,000. The net loss for the quarter decreased to $8.6 million compared to a net loss of $10.0 million in the same period of 2024. The cash net flows used in operating activities were $3.5 million, significantly lower than the $8.8 million used in the comparable period of 2024. Vuzix ended March 2025 with a working capital of $19.5 million and expressed confidence in having the capital resources to execute its current operating plan. The company aims to secure design wins for new ODM/OEM products, targeting long-term recurring revenues. In the defense sector, Vuzix plans to grow its business with existing and new defense contractors. The company also highlighted growing enterprise customer successes and anticipates follow-on orders for smart glasses, which could help reduce existing inventory and support the introduction of next-generation products.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vuzix Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NY85969) on May 12, 2025, and is solely responsible for the information contained therein.

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