Market Cap
US$37.4m
Last Updated
2020/03/30 03:51 UTC
Data Sources
Company Financials +
Executive Summary
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, the Asia-Pacific, Europe, and internationally.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Adequate balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Vuzix's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VUZI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0%
VUZI
26.6%
US Consumer Durables
12.5%
US Market
1 Year Return
-61.7%
VUZI
-19.9%
US Consumer Durables
-12.7%
US Market
Return vs Industry: VUZI underperformed the US Consumer Durables industry which returned -19.9% over the past year.
Return vs Market: VUZI underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| VUZI | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 26.6% | 12.5% |
| 30 Day | -28.9% | -29.5% | -14.7% |
| 90 Day | -43.8% | -33.3% | -21.5% |
| 1 Year | -61.7%-61.7% | -18.8%-19.9% | -10.9%-12.7% |
| 3 Year | -80.8%-80.8% | -20.6%-24.3% | 12.6%5.4% |
| 5 Year | -80.7%-80.7% | -16.3%-21.9% | 31.9%17.5% |
Price Volatility Vs. Market
How volatile is Vuzix's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Analysts Just Made A Major Revision To Their Vuzix Corporation (NASDAQ:VUZI) Revenue Forecasts2 weeks ago | Simply Wall St
Estimating The Fair Value Of Vuzix Corporation (NASDAQ:VUZI)1 month ago | Simply Wall St
Can We See Significant Insider Ownership On The Vuzix Corporation (NASDAQ:VUZI) Share Register?Valuation
Is Vuzix undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VUZI ($1.13) is trading below our estimate of fair value ($66.47)
Significantly Below Fair Value: VUZI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VUZI is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.
PE vs Market: VUZI is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VUZI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VUZI is overvalued based on its PB Ratio (1.5x) compared to the US Consumer Durables industry average (0.8x).
Next Steps
Future Growth
How is Vuzix forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
71.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VUZI is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: VUZI is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: VUZI is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: VUZI's revenue (55.7% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: VUZI's revenue (55.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if VUZI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Vuzix performed over the past 5 years?
-14.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VUZI is currently unprofitable.
Growing Profit Margin: VUZI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: VUZI is unprofitable, and losses have increased over the past 5 years at a rate of -14.1% per year.
Accelerating Growth: Unable to compare VUZI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VUZI is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (9.8%).
Return on Equity
High ROE: VUZI has a negative Return on Equity (-109.22%), as it is currently unprofitable.
Next Steps
Financial Health
How is Vuzix's financial position?
Financial Position Analysis
Short Term Liabilities: VUZI's short term assets ($19.1M) exceed its short term liabilities ($2.6M).
Long Term Liabilities: VUZI's short term assets ($19.1M) exceed its long term liabilities ($1.6M).
Debt to Equity History and Analysis
Debt Level: VUZI is debt free.
Reducing Debt: VUZI currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Balance Sheet
Inventory Level: VUZI has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if VUZI's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VUZI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VUZI has less than a year of cash runway if free cash flow continues to reduce at historical rates of -24.4% each year
Next Steps
Dividend
What is Vuzix's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VUZI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate VUZI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VUZI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VUZI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VUZI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Paul Travers (58yo)
23.17s
Tenure
US$731,250
Compensation
Mr. Paul J. Travers and has been President and Chief Executive Officer of Vuzix Corporation since 1997. Mr. Travers is responsible for setting the direction of Vuzix. He was the Founder of Vuzix Corporatio ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD731.25K) is about average for companies of similar size in the US market ($USD605.16K).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 23.17yrs | US$731.25k | 7.94% $3.0m | |
| CFO, Executive VP | 10.92yrs | US$665.34k | 3.01% $1.1m | |
| Director of Corporate Communications & Investor Relations | no data | no data | no data | |
| Corporate Counsel | 1.17yrs | no data | no data | |
| Vice President of Corporate Communications | no data | no data | no data | |
| Head of Developer Relations Activities | 4.58yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data | |
| Director of Innovation & Strategic Partnerships | 2.33yrs | no data | no data | |
| Director of Institutional Investor Relations | no data | no data | no data |
4.6yrs
Average Tenure
58yo
Average Age
Experienced Management: VUZI's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 23.17yrs | US$731.25k | 7.94% $3.0m | |
| CFO, Executive VP | 10.92yrs | US$665.34k | 3.01% $1.1m | |
| Independent Director | 2.75yrs | US$207.70k | 0.20% $73.4k | |
| Independent Director | 7.33yrs | US$187.70k | 0.27% $101.7k | |
| Independent Director | 3.92yrs | US$188.70k | 0.30% $113.0k |
5.6yrs
Average Tenure
60.5yo
Average Age
Experienced Board: VUZI's board of directors are considered experienced (5.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VUZI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.6%.
Top Shareholders
Company Information
Vuzix Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Vuzix Corporation
- Ticker: VUZI
- Exchange: NasdaqCM
- Founded: 1997
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: US$37.435m
- Shares outstanding: 33.13m
- Website: https://www.vuzix.com
Number of Employees
Location
- Vuzix Corporation
- 25 Hendrix Road
- Suite A
- West Henrietta
- New York
- 14586
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VUZI | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Jan 2010 |
| V7XN | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 2010 |
| 0LRL | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 2010 |
| V7XN | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | Jan 2010 |
Biography
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others. The company is also developing a binocular AR smart glasses product that provides the user a live, direct, or indirect view of a real-world environment. Its AR wearable display devices are worn like eyeglasses or attach to a head worn mount to view, record, and interact with video and digital content, such as computer data, the Internet, social media, and entertainment applications. In addition, the company offers an app store on its Website, which enables users to download and purchase applications, including third party applications; applications that provide the benefits of smart glasses to users; and Vuzix Remote Assist that offers remote telepresence capabilities. Further, it provides waveguide optics and design reference kits; custom and engineering solutions; and defense and security products. Vuzix Corporation offers its products directly to enterprise and end users, as well as through specialty retailers, online retailers, distributors, value-added resellers, and Web stores. The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in 2007. Vuzix Corporation was founded in 1997 and is headquartered in West Henrietta, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 03:51 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.