[8-K] Vuzix Corp Reports Material Event
Rhea-AI Filing Summary
Vuzix Corporation reported first quarter 2026 revenue of $1.4 million, down 12% from $1.6 million a year earlier. Lower product sales, particularly reduced unit sales of M400 smart glasses, drove the decline, while engineering services revenue held roughly flat at $0.3 million.
The company posted a gross loss of $0.4 million and a net loss attributable to common shareholders of $7.1 million, or $0.09 per share, improving from an $8.6 million loss, or $0.11 per share, in 2025. Research and development spending rose to $3.0 million as Vuzix invested in new manufacturing equipment, while general and administrative expenses fell sharply to $2.1 million, largely due to lower non-cash stock-based compensation. Management highlighted an ongoing shift toward OEM smart glasses solutions, waveguides and defense-related opportunities.
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8-K Event Classification
Key Figures
Key Terms
gross loss financial
Research and Development financial
stock-based compensation financial
forward-looking statements regulatory
Augmented Reality (AR) technical
Earnings Snapshot
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02 Results of Operations and Financial Condition.
On May 14, 2026, Vuzix Corporation (the “Company”) issued a press release announcing the Company’s financial results for the period ended March 31, 2026. The press release is attached hereto as Exhibit 99.1.
In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Press Release |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 15, 2026 | VUZIX CORPORATION | |
| By: | /s/ Grant Russell | |
|
Grant Russell Chief Financial Officer | ||
Exhibit 99.1
 | Press Release |
Vuzix Reports First Quarter 2026 Results
ROCHESTER, N.Y., May 14, 2026 - Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today reported its first quarter results for the three months ended March 31, 2026.
“Q1 2026 marked an important step in Vuzix’ transition toward a broader technology and solutions model,” said Paul Travers, President and Chief Executive Officer of Vuzix. “Our branded enterprise smart glasses business continues to generate revenue, customer insight and market credibility, while our growing focus on OEM smart glasses solutions, waveguides and display systems is expanding the role Vuzix can play across the smart glasses ecosystem. During the quarter, we continued expanding our plant floor manufacturing capacity to better support the increasing number of OEM, defense, and waveguide development programs now moving through the Company. These ongoing upgrades are designed to improve throughput, reduce development cycle times, minimize manufacturing changeovers, and allow Vuzix to manage multiple advanced programs simultaneously as a broader set of opportunities move toward production.”
The following table compares condensed elements of the Company’s unaudited summarized Consolidated Statements of Operations data for the three months ended March 31, 2026 and 2025, respectively:
| For Three Months Ended March 31 | ||||||||
| ($000s except per share amounts) | ||||||||
| 2026 | 2025 | |||||||
| Sales: | ||||||||
| Sales of Products | $ | 1,042 | $ | 1,324 | ||||
| Sales of Engineering Services | 349 | 257 | ||||||
| Total Sales | 1,391 | 1,581 | ||||||
| Total Cost of Sales | 1,769 | 1,846 | ||||||
| Gross Loss | (378 | ) | (265 | ) | ||||
| Operating Expenses: | ||||||||
| Research and Development | 3,028 | 2,606 | ||||||
| Selling and Marketing | 1,551 | 1,537 | ||||||
| General and Administrative | 2,134 | 3,961 | ||||||
| Depreciation and Amortization | 115 | 405 | ||||||
| Loss from Operations | (7,206 | ) | (8,774 | ) | ||||
| Total Other Income | 135 | 137 | ||||||
| Net Loss | (7,071 | ) | (8,637 | ) | ||||
| Preferred Stock Dividends | (38 | ) | - | |||||
| Loss Attributable to Common Shareholders | $ | (7,108 | ) | $ | (8,637 | ) | ||
| Loss per Share | $ | (0.09 | ) | $ | (0.11 | ) | ||
First Quarter 2026 Financial Results
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. The decrease in total revenues was due to lower product sales and specifically reduced unit sales of M400 smart glasses. Engineering services revenues for the three months ended March 31, 2026 was relatively flat at $0.3 million versus the prior year’s comparable quarter.
There was an overall gross loss of $0.4 million for the three months ended March 31, 2026 as compared to a gross loss of $0.3 million for the comparable 2025 period. The increased gross loss was primarily due to lower total sales as compared to the comparable 2025 period.
Research and Development expense was $3.0 million for the three months ended March 31, 2026 versus $2.6 million for the comparable 2025 period, an increase of approximately 16%. This increase was largely due to higher wage costs due to headcount increases and higher depreciation expense related to new manufacturing equipment currently being used primarily for R&D purposes.
Selling and Marketing expense was relatively flat at approximately $1.5 million for the three months ended March 31, 2026 and 2025.
General and Administrative expense for the three months ended March 31, 2025 was $2.1 million versus $4.0 million for the comparable 2025 period, a decrease of approximately 46%. This decrease was largely due to a $1.7 million decline in non-cash stock-based compensation expense.
For the first quarter ended March 31, 2026, the net loss attributable to common shareholders was $7.1 million or $0.09 per share as compared to a loss of $8.6 million or $0.11 per share for the first quarter of 2025.
The cash net flows used in operating activities was $5.6M for the first quarter of 2026 versus $3.5M for the comparable 2025 period.
Management Outlook
“As we move through 2026, our focus remains on building a broader and more diversified business across ODM/OEM custom smart glasses programs, defense and government agency initiatives, waveguide development and display system relationships,” said Mr. Travers. “We believe defense and security-related opportunities are becoming an increasingly important part of the strategic landscape for Vuzix, where our U.S.-based waveguide design and manufacturing capabilities can be a meaningful differentiator. Our branded products will continue to play an important role by supporting customer engagement, validating use cases and enabling broader ecosystem relationships. At the same time, advances in hardware, AI and platform ecosystems continue to support the evolution of the smart glasses market, and Vuzix intends to continue investing in waveguide innovation and strategic relationships positioned to capitalize on these opportunities.”
Conference Call Information
Date: Thursday, May 14, 2026
Time: 4:30 p.m. Eastern Time (ET)
Dial-in Number for U.S. & Canadian Callers: 877-709-8150
Dial-in Number for International Callers (Outside of the U.S. & Canada): 201-689-8354
A live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: https://ir.vuzix.com/ or directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=tZ7IrUr9
Participating on the call will be Vuzix’ Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together will discuss operational and financial highlights for the quarter ended March 31, 2026.
To join the live conference call, please dial into the above referenced telephone numbers five to ten minutes prior to the scheduled conference call time.
A telephonic replay will be available for 30 days, starting on May 14, 2026, at approximately 5:30 p.m. (ET). To access this replay, please dial 877-660-6853 within the U.S. or Canada, or 201-612-7415 for international callers. The conference replay ID# is 13760398.
About Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of AI-powered smart glasses, waveguides and augmented reality technologies, components and products for the enterprise, medical, defense, security, and consumer markets. The Company’s products include head-mounted smart personal displays and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 500 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and augmented reality. The Company has won over 20 Consumer Electronics Show (or CES) awards for innovation since 2005 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages.
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to, among other things, the timing of new product releases, opportunities related to market disruptions such as AI regarding smart glasses demand, R&D project successes, existing and new engineering services and conversion to volume production OEM programs, future revenue and operating results, and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sec.gov or www.sedar.com). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Investor Relations Contact
Ed McGregor, Director of Investor Relations
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com