VUZI: Vuzix Corp Financial Statements

Balance sheet, income statement, and cash flow statements for Vuzix Corp (VUZI).

OverviewDividends

$290.05M Market Cap.

As of 05/12/2025 5:00 PM ET (MRY) • Disclaimer

VUZI Market Cap. (MRY)


VUZI Shares Outstanding (MRY)


VUZI Assets (MRY)


Total Assets

$39.41M

Total Liabilities

$2.11M

Total Investments

$0

VUZI Income (MRY)


Revenue

$5.75M

Net Income

-$73.54M

Operating Expense

$68.37M

VUZI Cash Flow (MRY)


CF Operations

-$23.74M

CF Investing

-$2.92M

CF Financing

$18.29M

VUZI Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$39,405,258 (-54.26%)

$86,147,681 (-34.27%)

$131,072,251 (-11.72%)

$148,467,057 (182.95%)

Assets Current

$26,722,490 (-35.61%)

$41,500,411 (-54.21%)

$90,632,085 (-33.92%)

$137,150,154 (204.40%)

Assets Non-Current

$12,682,768 (-71.59%)

$44,647,270 (10.40%)

$40,440,166 (257.34%)

$11,316,903 (52.60%)

Goodwill & Intangible Assets

$3,759,803 (-87.25%)

$29,478,019 (-14.94%)

$34,655,496 (882.90%)

$3,525,854 (34.29%)

Shareholders Equity

$37,292,985 (-53.84%)

$80,793,857 (-30.04%)

$115,489,739 (-19.65%)

$143,727,926 (197.55%)

Property Plant & Equipment Net

$8,078,520 (-3.53%)

$8,374,015 (73.21%)

$4,834,670 (-23.35%)

$6,307,460 (44.84%)

Cash & Equivalents

$18,186,506 (-31.52%)

$26,555,592 (-63.40%)

$72,563,943 (-39.63%)

$120,203,873 (233.26%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$125,901 (568.30%)

$18,839 (-35.18%)

$29,064 (4.56%)

$27,797 (-32.45%)

Total Investments

$0 (0%)

$5,784,126 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$5,784,126 (0%)

$0 (0%)

$0 (0%)

Inventory

$4,813,226 (-46.52%)

$9,000,430 (-20.12%)

$11,267,969 (-7.27%)

$12,151,982 (99.19%)

Trade & Non-Trade Receivables

$2,283,216 (-42.83%)

$3,993,457 (4.32%)

$3,828,100 (70.71%)

$2,242,429 (61.46%)

Trade & Non-Trade Payables

$538,221 (-65.73%)

$1,570,630 (29.62%)

$1,211,747 (-41.03%)

$2,054,762 (35.44%)

Accumulated Retained Earnings (Deficit)

-$367,522,950 (-25.01%)

-$293,984,793 (-20.57%)

-$243,835,716 (-20.07%)

-$203,072,143 (-24.82%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$8,163 (-82.53%)

$46,727 (-78.27%)

$214,997 (78.80%)

$120,242 (9.66%)

Total Debt

$494,236 (64.10%)

$301,185 (-68.50%)

$956,165 (-14.40%)

$1,117,022 (-26.38%)

Debt Current

$494,236 (202.26%)

$163,513 (-74.88%)

$651,011 (21.88%)

$534,146 (20.17%)

Debt Non-Current

$0 (0%)

$137,672 (-54.88%)

$305,154 (-47.65%)

$582,876 (-45.67%)

Total Liabilities

$2,112,273 (-60.55%)

$5,353,824 (-65.64%)

$15,582,512 (228.81%)

$4,739,131 (13.69%)

Liabilities Current

$2,112,273 (-59.51%)

$5,216,152 (-65.86%)

$15,277,358 (267.58%)

$4,156,255 (34.27%)

Liabilities Non-Current

$0 (0%)

$137,672 (-54.88%)

$305,154 (-47.65%)

$582,876 (-45.67%)

VUZI Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$5,754,556 (-52.56%)

$12,129,139 (2.48%)

$11,835,882 (-10.10%)

$13,164,933 (13.67%)

Cost of Revenue

$11,354,226 (-23.09%)

$14,763,869 (42.61%)

$10,352,756 (-10.72%)

$11,596,443 (5.58%)

Selling General & Administrative Expense

$25,421,720 (-18.79%)

$31,303,985 (7.51%)

$29,117,100 (1.73%)

$28,621,762 (161.27%)

Research & Development Expense

$9,626,452 (-21.99%)

$12,339,534 (-2.66%)

$12,676,688 (8.58%)

$11,674,954 (54.27%)

Operating Expenses

$68,371,824 (37.66%)

$49,666,809 (13.61%)

$43,715,397 (5.22%)

$41,548,597 (110.63%)

Interest Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Income Tax Expense

$0 (0%)

$0 (0%)

$0 (0%)

$307,368 (196.02%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$73,538,157 (-46.64%)

-$50,149,077 (-23.02%)

-$40,763,573 (-0.96%)

-$40,377,160 (-124.92%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$73,538,157 (-46.64%)

-$50,149,077 (-23.02%)

-$40,763,573 (-0.96%)

-$40,377,160 (-124.92%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$73,538,157 (-46.64%)

-$50,149,077 (-23.02%)

-$40,763,573 (-0.96%)

-$40,377,160 (-101.80%)

Weighted Average Shares

$67,836,002 (6.94%)

$63,432,422 (-0.43%)

$63,708,986 (4.23%)

$61,125,215 (60.39%)

Weighted Average Shares Diluted

$67,836,002 (6.94%)

$63,432,422 (-0.43%)

$63,708,986 (4.23%)

$61,125,215 (60.39%)

Earning Before Interest & Taxes (EBIT)

-$73,538,157 (-46.64%)

-$50,149,077 (-23.02%)

-$40,763,573 (-1.73%)

-$40,069,792 (-124.50%)

Gross Profit

-$5,599,670 (-112.53%)

-$2,634,730 (-277.65%)

$1,483,126 (-5.44%)

$1,568,490 (162.31%)

Operating Income

-$73,971,494 (-41.43%)

-$52,301,539 (-23.84%)

-$42,232,271 (-5.63%)

-$39,980,107 (-109.02%)

VUZI Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$2,919,949 (84.86%)

-$19,280,966 (8.93%)

-$21,170,816 (-336.29%)

-$4,852,452 (-226.65%)

Net Cash Flow from Financing

$18,290,235 (4168.47%)

-$449,561 (76.92%)

-$1,948,032 (-101.68%)

$115,967,228 (183.45%)

Net Cash Flow from Operations

-$23,739,372 (9.66%)

-$26,277,824 (-7.16%)

-$24,521,082 (9.12%)

-$26,980,411 (-93.21%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$8,369,086 (81.81%)

-$46,008,351 (3.42%)

-$47,639,930 (-156.62%)

$84,134,365 (230.41%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

-$2,500,000 (-8.70%)

-$2,300,000 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$1,358,991 (74.47%)

-$5,323,483 (-208.85%)

-$1,723,622 (54.75%)

-$3,809,268 (-667.02%)

Issuance (Repayment) of Debt Securities

$10,000,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Issuance (Purchase) of Equity Shares

$8,290,235 (1944.07%)

-$449,561 (76.92%)

-$1,948,032 (-101.53%)

$127,111,592 (222.97%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$11,565,374 (-9.01%)

$12,711,084 (-19.43%)

$15,775,553 (-8.83%)

$17,302,833 (516.67%)

Depreciation Amortization & Accretion

$3,930,169 (-20.31%)

$4,931,692 (90.57%)

$2,587,901 (12.05%)

$2,309,571 (-12.58%)

VUZI Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

-97.30% (-348.39%)

-21.70% (-273.60%)

12.50% (5.04%)

11.90% (128.85%)

Profit Margin

-1277.90% (-209.04%)

-413.50% (-20.06%)

-344.40% (-12.29%)

-306.70% (-77.49%)

EBITDA Margin

-1209.60% (-224.46%)

-372.80% (-15.60%)

-322.50% (-12.45%)

-286.80% (-118.43%)

Return on Average Equity (ROAE)

-158.70% (-208.16%)

-51.50% (-60.94%)

-32.00% (-18.52%)

-27.00% (55.95%)

Return on Average Assets (ROAA)

-149.70% (-213.84%)

-47.70% (-62.80%)

-29.30% (-11.41%)

-26.30% (51.12%)

Return on Sales (ROS)

-1277.90% (-209.04%)

-413.50% (-20.06%)

-344.40% (-13.14%)

-304.40% (-97.53%)

Return on Invested Capital (ROIC)

-326.70% (-41.61%)

-230.70% (-5.25%)

-219.20% (-0.09%)

-219.00% (-69.90%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-3.65 (-38.23%)

-2.64 (53.60%)

-5.69 (56.70%)

-13.14 (23.32%)

Price to Sales Ratio (P/S)

46.45 (325.95%)

10.9 (-44.35%)

19.59 (-51.33%)

40.26 (34.73%)

Price to Book Ratio (P/B)

7.78 (375.95%)

1.63 (-18.67%)

2.01 (-47.66%)

3.84 (-52.20%)

Debt to Equity Ratio (D/E)

0.06 (-13.64%)

0.07 (-51.11%)

0.14 (309.09%)

0.03 (-61.63%)

Earnings Per Share (EPS)

-1.08 (-36.71%)

-0.79 (-23.44%)

-0.64 (3.03%)

-0.66 (-24.53%)

Sales Per Share (SPS)

0.09 (-55.50%)

0.19 (2.69%)

0.19 (-13.49%)

0.21 (-29.28%)

Free Cash Flow Per Share (FCFPS)

-0.37 (25.70%)

-0.5 (-20.87%)

-0.41 (18.25%)

-0.5 (-32.98%)

Book Value Per Share (BVPS)

0.55 (-56.83%)

1.27 (-29.73%)

1.81 (-22.88%)

2.35 (85.56%)

Tangible Assets Book Value Per Share (TABVPS)

0.53 (-41.21%)

0.89 (-40.98%)

1.51 (-36.19%)

2.37 (81.27%)

Enterprise Value Over EBIT (EV/EBIT)

-4 (-100.00%)

-2 (33.33%)

-3 (72.73%)

-11 (47.62%)

Enterprise Value Over EBITDA (EV/EBITDA)

-3.97 (-90.09%)

-2.09 (43.98%)

-3.73 (66.80%)

-11.23 (53.35%)

Asset Turnover

0.12 (1.74%)

0.12 (35.29%)

0.09 (-1.16%)

0.09 (-72.44%)

Current Ratio

12.65 (59.01%)

7.96 (34.12%)

5.93 (-82.02%)

33 (126.71%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$25,098,363 (20.58%)

-$31,601,307 (-20.41%)

-$26,244,704 (14.76%)

-$30,789,679 (-112.92%)

Enterprise Value (EV)

$276,392,500 (192.62%)

$94,453,684 (-33.64%)

$142,345,497 (-66.44%)

$424,161,689 (15.85%)

Earnings Before Tax (EBT)

-$73,538,157 (-46.64%)

-$50,149,077 (-23.02%)

-$40,763,573 (-1.73%)

-$40,069,792 (-124.50%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$69,607,988 (-53.94%)

-$45,217,385 (-18.45%)

-$38,175,672 (-1.10%)

-$37,760,221 (-148.32%)

Invested Capital

$15,840,912 (-37.14%)

$25,199,103 (164.37%)

$9,531,619 (-56.07%)

$21,698,097 (77.88%)

Working Capital

$24,610,217 (-32.17%)

$36,284,259 (-51.85%)

$75,354,727 (-43.34%)

$132,993,899 (216.96%)

Tangible Asset Value

$35,645,455 (-37.10%)

$56,669,662 (-41.22%)

$96,416,755 (-33.48%)

$144,941,203 (190.78%)

Market Capitalization

$290,045,011 (119.67%)

$132,038,063 (-43.09%)

$232,012,326 (-57.94%)

$551,686,631 (42.23%)

Average Equity

$46,347,950 (-52.39%)

$97,346,948 (-23.59%)

$127,397,564 (-14.72%)

$149,383,801 (357.76%)

Average Assets

$49,116,962 (-53.24%)

$105,042,818 (-24.44%)

$139,018,890 (-9.60%)

$153,773,858 (313.77%)

Invested Capital Average

$22,508,976 (3.54%)

$21,740,224 (16.89%)

$18,598,343 (1.65%)

$18,296,976 (32.19%)

Shares

73,615,485 (16.25%)

63,327,608 (-0.65%)

63,739,650 (0.17%)

63,631,676 (48.96%)