Vuzix (VUZI, Financial) is poised to be included in the Russell 3000 Index following the 2025 Russell indexes annual reconstitution. The addition is based on a preliminary list provided by FTSE Russell on May 23. This change will officially take effect once the US market opens on June 27.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Vuzix Corp (VUZI, Financial) is $3.00 with a high estimate of $3.00 and a low estimate of $3.00. The average target implies an upside of 23.46% from the current price of $2.43. More detailed estimate data can be found on the Vuzix Corp (VUZI) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Vuzix Corp's (VUZI, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Vuzix Corp (VUZI, Financial) in one year is $2.65, suggesting a upside of 9.05% from the current price of $2.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Vuzix Corp (VUZI) Summary page.
VUZI Key Business Developments
Release Date: May 12, 2025
- Total Revenue: $1.6 million, down 21% year-over-year, up 24% sequentially.
- Engineering Services Revenue: $0.3 million, up 47% from the prior year.
- Gross Loss: $0.3 million for Q1 2025, compared to $0.1 million in Q1 2024.
- Research and Development Expense: $2.6 million, a decrease of 5% from the previous year.
- Sales and Marketing Expense: $1.5 million, a decrease of 31% year-over-year.
- General and Administrative Expenses: $4 million, a decrease of 3% from the prior year.
- Net Loss: $8.6 million, or $0.11 per share, compared to $10 million, or $0.16 per share, in Q1 2024.
- Cash and Cash Equivalents: $15.2 million as of March 31, 2025.
- Net Cash Flows Used for Operating Activities: $3.5 million, improved from $8.8 million in the prior year.
- Cash Used for Investing Activities: $8.8 million, compared to $1.2 million in the prior year.
- Working Capital Position: $19.5 million as of March 31, 2025.
- Debt Obligations: No current or long-term debt obligations outstanding as of March 31, 2025.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Vuzix Corp (VUZI, Financial) is experiencing increased commercial traction in the smart glasses market, driven by OEM and enterprise engagements.
- The company has acquired a state-of-the-art waveguide R&D and tooling facility in Milpitas, California, enhancing its manufacturing capabilities.
- Vuzix Corp (VUZI) has a strategic partnership with Quanta, which is expected to bring in an additional $10 million in growth capital.
- The company is seeing significant interest in its waveguide technology, with a recent design win for smart thermal AR glasses for a European OEM customer.
- Vuzix Corp (VUZI) has reduced its net loss from $10 million in Q1 2024 to $8.6 million in Q1 2025, showing improved financial management.
Negative Points
- Total revenue for Q1 2025 was $1.6 million, down 21% year-over-year due to decreased sales of smart glasses.
- The company reported a gross loss of $0.3 million for Q1 2025, compared to a gross loss of $0.1 million in the same period in 2024.
- Vuzix Corp (VUZI) is facing challenges with manufacturing overhead costs, which increased both as a percentage of total product sales and in absolute dollar terms.
- The company has a significant amount of M400 inventory, with $5 million fully provided for, indicating potential inventory management issues.
- Despite strategic partnerships and technological advancements, Vuzix Corp (VUZI) still faces competitive pressures in the waveguide and smart glasses market.
