Monitor next quarter's revenue trajectory and any updates on OEM program conversions. The $21.2M cash runway (as of Dec 2025) provides ~1 year at current burn, but negative operating momentum increases risk of further dilution.
Price Chart
Executive Summary
Vuzix Q1 2026 revenue of $1.39M missed consensus of $2.5M by 44% due to lower M400 smart glass sales, while EPS of -$0.09 beat the -$0.10 estimate by 10%. Operating cash burn increased to $5.6M from $3.5M a year ago. The top-line decline and worsening cash flow overshadow the slight EPS beat.
Key Financial Metrics
Key Facts
- Q1 2026 total revenue $1.39M, down 12% YoY from $1.58M
- Product sales fell to $1.04M from $1.32M YoY
- Gross loss widened to $378K from $265K YoY
- Net loss attributable to common shareholders: $7.1M ($0.09 per share) vs $8.6M ($0.11) YoY
- Operating cash flow used: $5.6M vs $3.5M in Q1 2025
- Cash and equivalents at Dec 31, 2025: $21.2M (Q1 2026 cash not disclosed)
Financial Impact
Revenue miss of ~$1.1M vs consensus sent shares down; EPS beat partially offset but top-line decline dominates.
Risk Factors
- Revenue decline accelerating (12% YoY) with no near-term catalyst
- Operating cash burn increased 60% YoY despite cost cuts
- Dependence on Quanta investment for funding; manufacturing ramp may not convert to revenue quickly
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-062752 |
| Document: tm2614788d1_8k.htm | 0001104659-26-062752 |
| Document: 0001104659-26-062752-index-headers.html | 0001104659-26-062752 |
| Document: 0001104659-26-062752-index.html | 0001104659-26-062752 |
| Document: 0001104659-26-062752.txt | 0001104659-26-062752 |
| 8-K Data (Synthetic) | 0001104659-26-062752 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 10w ago | Press Release | $3.10 | awaiting T+60 | — | $2.04 (−34.19%) |
Jul 30, 2026 12w ago | Press Release | $2.33 $2.06 | ▼ −11.59% | ▼ −14.05% | $2.04 (−12.45%) |
May 15, 2026 23w ago | 8-K | $3.65 $2.62 | ▲ +28.22% | ▲ +33.07% | $2.04 (+44.11%) |
Apr 30, 2026 25w ago | 8-K | $2.84 $2.25 | ▼ −20.77% | ▼ −23.84% | $2.04 (−28.17%) |
Apr 24, 2026 26w ago | 8-K | $2.34 $2.42 | ▲ +3.42% | ▼ −1.36% | $2.04 (−12.82%) |
US Market Status
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