Vuzix Reports Third Quarter 2026 Results

Detailed summary

Vuzix Causeway optical interconnect platform: evaluation samples shipped, co-development letter of intent entered into and ongoing engagement with more than 10 companies across…

ROCHESTER, N.Y., Nov. 12, 2026 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a supplier of AI-powered smart glasses, waveguides for smart glasses and co-packaged optical data center interconnects, and related augmented reality technologies, today reported its financial results for the third quarter ended September 30, 2026.

"During the third quarter, Vuzix continued to advance its transition towards a more OEM-focused business built around advanced waveguide technologies, optical engineering and its U.S.-based manufacturing capabilities," said Paul Travers, President and CEO of Vuzix. "While sales of our established enterprise smart glasses products declined year-over-year, reflecting models we discontinued at the end of 2025, we are seeing new tangible progress in defense and other customer-directed opportunities.

The following table compares condensed elements of the Company's unaudited summarized Consolidated Statements of Operations data for the three months ended September 30, 2026 and 2025, respectively:

For the three months ended September 30, 2026, total revenues decreased by 38% to $0.7 million versus $1.2 million for the comparable period in 2025. Product sales were $0.5 million versus $0.9 million, a decrease of 45%. Engineering services and OEM product sales were $0.2 million versus $0.3 million, a decrease of 17%.

There was an overall gross loss of $0.9 million for the three months ended September 30, 2026 as compared to a gross loss of $0.4 million for the comparable 2025 period.

Research and Development expense was $3.3 million for the three months ended September 30, 2026 versus $2.9 million for the comparable 2025 period, an increase of 13%. This increase was largely due to increased external consulting expenses related to the Company's new waveguide-based optical interconnect components being developed for CPO solutions.

Selling and Marketing expense was $1.6 million for the three months ended September 30, 2026 versus $1.

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