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Jun 30
Vuzix Q2 2025 Earnings Report
Vuzix reported a 19% year-over-year revenue increase in Q2 2025, driven by higher M400 smart glasses sales, while significantly reducing operating expenses.
Key Takeaways
Vuzix saw strong revenue growth in Q2 2025, mainly from increased smart glasses sales. Operating expenses were significantly reduced, resulting in a narrowed net loss. The company continues to advance its OEM waveguide business and prepare for LX1 smart glasses rollout.
Revenue increased 19% YoY to $1.3 million, driven by M400 smart glasses sales
Net loss significantly narrowed to $7.7 million from $40.6 million YoY
Cash operating expenses decreased 26% YoY
LX1 enterprise smart glasses introduced with rollout expected by year-end
Vuzix
Vuzix
Vuzix Revenue by Segment
Revenue by Segment
Smart Glasses Revenue
CapyFin.comEngineering Services Revenue
CapyFin.com Forward Guidance
Vuzix anticipates additional OEM/ODM design wins and recurring revenue from enterprise and defense sectors, supported by LX1 product rollout and continued demand for AI smart glasses.
Positive Outlook
- Expecting final $5M Quanta tranche based on milestone achievement
- Pipeline of new OEM/ODM design wins under development
- Anticipated recurring revenue from co-branded AI smart glasses
- Enterprise customer usage shows measurable productivity gains
- LX1 product rollout scheduled before year-end
Challenges Ahead
- Inventory obsolescence impacted gross margin
- Engineering services revenue declined YoY
- Still reporting negative gross profit
- Continued cash burn from operations
- No clear visibility on large-scale defense contracts
Revenue & Expenses
Visualization of income flow from segment revenue to net income