Vuzix
VUZI on Nasdaq. Vuzix sells smart glasses and AR display technology to businesses, medical, defense, and consumers. Market value $252m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-9.94 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 20 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$2.93 a share, 49% above its 1-year low
Over the past year the price has ranged from $1.97 to $5.62.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $13m | $12m | $12m | $6m | $6m |
| Operating margin | |||||
| Operating margin | -303.7% | -356.8% | -431.2% | -1285.4% | -517.6% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.06bn | 0.06bn | 0.07bn | 0.08bn | 0.08bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting checksSkipped: company is not yet profitable
- DebtUnknown
- Revenue growth, five yearsShrinking, 11.5% a year
- Buying back its own sharesNo, 32% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1 million last quarter, about the same as a year ago.
- A loss of $8 million, compared with a loss of $8 million a year ago.
- It loses 522 cents on each $1 of sales, compared with 719 cents a year earlier.
- Over the past 12 months it spent $25 million more cash than it brought in, compared with $19 million a year earlier.
- 10% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1m |
| December 2024 | $1m |
| March 2025 | $2m |
| June 2025 | $1m |
| September 2025 | $1m |
| December 2025 | $2m |
| March 2026 | $1m |
| June 2026 | $1m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$9m |
| December 2024 | -$14m |
| March 2025 | -$9m |
| June 2025 | -$8m |
| September 2025 | -$7m |
| December 2025 | -$9m |
| March 2026 | -$7m |
| June 2026 | -$8m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 12 March 2026
- Next quarterly (estimated, 10-Q)
- 12 November 2026
Who owns it
None of the long-term investors we follow own it. 127 funds in all.
Largest holders overall
- State Street$22mAdded
- AIGH Capital Management$20mAdded
- BlackRock$14m
- Vanguard Capital Management$9mAdded
- Geode Capital Management$5mAdded
- Mitsubishi UFJ Asset Management$2mCut
- Renaissance Technologies$2mNew
- Susquehanna International Group, LLP$2mCut
- Northern Trust$2mAdded
- Vanguard Fiduciary Trust$1mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Quanta Computer Inc.Passive investor14.8%+2.5 ptsSince 31 December 2025
- STATE STREET CORPORATIONPassive investorat least 9.0%(filed with 1 related holder)Since 31 December 2025
- Orin HirschmanPassive investorat least 8.1%(filed with 1 related holder)Since 30 June 2026
- BlackRock, Inc.Passive investor5.9%Since 30 June 2025
- ARK Investment Management LLCPassive investorSold down below 5%Since 30 September 2024
| Holder | Stake | Since | |
|---|---|---|---|
Quanta Computer Inc. Passive investor | 14.8%+2.5 pts | 31 December 2025 | |
STATE STREET CORPORATION Passive investor | at least 9.0% (filed with 1 related holder) | 31 December 2025 | |
Orin Hirschman Passive investor | at least 8.1% (filed with 1 related holder) | 30 June 2026 | |
BlackRock, Inc. Passive investor | 5.9% | 30 June 2025 | |
ARK Investment Management LLC Passive investor | Sold down below 5% | 30 September 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $256,048.
- Whitten-Doolin Paula BeckDirectorSold
- Date
- 26 May 2026
- Shares
- 32,000
- Price
- $4.68
- Value
- $149,760
- Harned Timothy HeydenreichDirectorSold
- Date
- 21 May 2026
- Shares
- 10,000
- Price
- $4.73
- Value
- $47,300
- Parkinson Christopher IainSee remarksSold
- Date
- 4 March 2026
- Shares
- 11,663
- Price
- $2.69
- Value
- $31,373
- Parkinson Christopher IainSee RemarksSold
- Date
- 22 December 2025
- Shares
- 9,457
- Price
- $2.92
- Value
- $27,614
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 26 May 2026 | Whitten-Doolin Paula Beck Director | Sold | 32,000 | $4.68 | $149,760 |
| 21 May 2026 | Harned Timothy Heydenreich Director | Sold | 10,000 | $4.73 | $47,300 |
| 4 March 2026 | Parkinson Christopher Iain See remarks | Sold | 11,663 | $2.69 | $31,373 |
| 22 December 2025 | Parkinson Christopher Iain See Remarks | Sold | 9,457 | $2.92 | $27,614 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have shrunk: 11.5% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.