Vuzix Corp
NASDAQ:VUZI
Income Statement
Earnings Waterfall
Vuzix Corp
Revenue
|
14m
USD
|
Cost of Revenue
|
-12.5m
USD
|
Gross Profit
|
1.5m
USD
|
Operating Expenses
|
-45.1m
USD
|
Operating Income
|
-43.7m
USD
|
Other Expenses
|
2.6m
USD
|
Net Income
|
-41m
USD
|
Income Statement
Vuzix Corp
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2
N/A
|
2
-4%
|
2
+3%
|
2
+1%
|
3
+13%
|
3
+9%
|
3
+0%
|
3
-10%
|
3
+11%
|
3
-10%
|
2
-16%
|
2
+6%
|
2
-16%
|
2
+4%
|
3
+39%
|
4
+26%
|
5
+22%
|
6
+21%
|
6
+6%
|
7
+22%
|
8
+7%
|
8
+5%
|
8
-2%
|
7
-6%
|
7
-10%
|
7
0%
|
7
+2%
|
8
+12%
|
9
+21%
|
12
+25%
|
14
+21%
|
14
-1%
|
14
+2%
|
13
-7%
|
12
-11%
|
12
+1%
|
12
+3%
|
12
-3%
|
14
+14%
|
15
+12%
|
14
-8%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(11)
|
(11)
|
(11)
|
(12)
|
(11)
|
(12)
|
(12)
|
(13)
|
(12)
|
(10)
|
(11)
|
(11)
|
(10)
|
(12)
|
(13)
|
(12)
|
|
Gross Profit |
1
N/A
|
1
-18%
|
1
-7%
|
1
-4%
|
1
+7%
|
1
+21%
|
1
-18%
|
1
-29%
|
1
+24%
|
1
-15%
|
0
-72%
|
(0)
N/A
|
(1)
-5 700%
|
(1)
-100%
|
(1)
+33%
|
(1)
-38%
|
(1)
+14%
|
(1)
+27%
|
(1)
+6%
|
0
N/A
|
1
+154%
|
2
+51%
|
2
-8%
|
1
-32%
|
0
-77%
|
(4)
N/A
|
(4)
+1%
|
(4)
+15%
|
(3)
+16%
|
1
N/A
|
2
+167%
|
1
-14%
|
1
+4%
|
2
+10%
|
2
-4%
|
1
-21%
|
2
+39%
|
1
-11%
|
2
+28%
|
3
+37%
|
1
-43%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(5)
|
(5)
|
(7)
|
(7)
|
(7)
|
(6)
|
(8)
|
(9)
|
(11)
|
(12)
|
(12)
|
(13)
|
(15)
|
(16)
|
(18)
|
(18)
|
(17)
|
(18)
|
(20)
|
(23)
|
(23)
|
(24)
|
(24)
|
(23)
|
(23)
|
(22)
|
(21)
|
(21)
|
(21)
|
(20)
|
(24)
|
(29)
|
(35)
|
(41)
|
(43)
|
(43)
|
(43)
|
(44)
|
(44)
|
(45)
|
(45)
|
|
Selling, General & Administrative |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(13)
|
(13)
|
(12)
|
(12)
|
(11)
|
(10)
|
(11)
|
(10)
|
(10)
|
(10)
|
(11)
|
(16)
|
(20)
|
(24)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(30)
|
|
Research & Development |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(5)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(10)
|
(10)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
|
Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(4)
|
|
Operating Income |
(4)
N/A
|
(5)
-7%
|
(6)
-36%
|
(6)
+3%
|
(6)
-1%
|
(5)
+19%
|
(8)
-57%
|
(9)
-16%
|
(10)
-12%
|
(11)
-14%
|
(11)
0%
|
(13)
-15%
|
(15)
-19%
|
(17)
-12%
|
(19)
-9%
|
(19)
-1%
|
(18)
+8%
|
(18)
-4%
|
(21)
-14%
|
(23)
-10%
|
(22)
+3%
|
(22)
+1%
|
(23)
-4%
|
(22)
+4%
|
(23)
-3%
|
(27)
-18%
|
(26)
+4%
|
(25)
+3%
|
(24)
+3%
|
(19)
+20%
|
(23)
-19%
|
(28)
-22%
|
(33)
-20%
|
(40)
-19%
|
(41)
-3%
|
(42)
-2%
|
(41)
+1%
|
(42)
-1%
|
(43)
-1%
|
(42)
+1%
|
(44)
-4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(4)
|
(2)
|
(0)
|
(2)
|
(3)
|
(7)
|
(8)
|
(6)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
2
|
3
|
3
|
|
Non-Reccuring Items |
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
(0)
|
1
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(6)
N/A
|
(10)
-73%
|
(8)
+24%
|
(6)
+25%
|
(7)
-25%
|
(8)
-8%
|
(14)
-84%
|
(17)
-18%
|
(16)
+5%
|
(13)
+17%
|
(12)
+10%
|
(14)
-14%
|
(16)
-19%
|
(19)
-17%
|
(20)
-2%
|
(20)
+0%
|
(20)
-2%
|
(20)
+2%
|
(21)
-6%
|
(23)
-10%
|
(22)
+3%
|
(22)
+1%
|
(23)
-5%
|
(22)
+5%
|
(22)
-3%
|
(26)
-18%
|
(25)
+4%
|
(25)
+3%
|
(24)
+3%
|
(18)
+25%
|
(22)
-21%
|
(27)
-23%
|
(32)
-21%
|
(40)
-24%
|
(42)
-3%
|
(43)
-2%
|
(42)
+2%
|
(41)
+2%
|
(41)
+1%
|
(40)
+2%
|
(41)
-4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(6)
|
(10)
|
(8)
|
(6)
|
(7)
|
(8)
|
(14)
|
(17)
|
(16)
|
(13)
|
(12)
|
(14)
|
(16)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(21)
|
(23)
|
(22)
|
(22)
|
(23)
|
(22)
|
(22)
|
(26)
|
(25)
|
(25)
|
(24)
|
(18)
|
(22)
|
(27)
|
(32)
|
(40)
|
(42)
|
(43)
|
(42)
|
(41)
|
(41)
|
(40)
|
(41)
|
|
Net Income (Common) |
(6)
N/A
|
(10)
-73%
|
(8)
+24%
|
(6)
+25%
|
(7)
-25%
|
(8)
-9%
|
(15)
-88%
|
(18)
-20%
|
(17)
+3%
|
(15)
+14%
|
(14)
+9%
|
(15)
-13%
|
(18)
-17%
|
(21)
-16%
|
(21)
-2%
|
(21)
+0%
|
(22)
-2%
|
(21)
+2%
|
(23)
-6%
|
(25)
-9%
|
(24)
+3%
|
(24)
+1%
|
(25)
-4%
|
(24)
+4%
|
(24)
-3%
|
(28)
-17%
|
(27)
+3%
|
(27)
+3%
|
(26)
+3%
|
(20)
+23%
|
(23)
-16%
|
(28)
-19%
|
(33)
-19%
|
(40)
-22%
|
(42)
-3%
|
(43)
-2%
|
(42)
+2%
|
(41)
+2%
|
(41)
+1%
|
(40)
+2%
|
(41)
-4%
|
|
EPS (Diluted) |
-0.81
N/A
|
-1.69
-109%
|
-0.66
+61%
|
-0.51
+23%
|
-0.68
-33%
|
-0.75
-10%
|
-1.09
-45%
|
-1.12
-3%
|
-1.08
+4%
|
-0.97
+10%
|
-0.85
+12%
|
-0.96
-13%
|
-1.04
-8%
|
-1.23
-18%
|
-1.05
+15%
|
-0.97
+8%
|
-1.01
-4%
|
-1.02
-1%
|
-0.83
+19%
|
-0.9
-8%
|
-0.87
+3%
|
-0.87
N/A
|
-0.9
-3%
|
-0.86
+4%
|
-0.73
+15%
|
-0.94
-29%
|
-0.82
+13%
|
-0.73
+11%
|
-0.65
+11%
|
-0.53
+18%
|
-0.43
+19%
|
-0.44
-2%
|
-0.51
-16%
|
-0.66
-29%
|
-0.66
N/A
|
-0.67
-2%
|
-0.65
+3%
|
-0.64
+2%
|
-0.64
N/A
|
-0.62
+3%
|
-0.64
-3%
|