company VUZI - SteadyBase

steadybase-$ company VUZI

account_id none on file

legal_name Vuzix Corp

ticker VUZI

cik 1463972

domain vuzix.com

linkedin_company_url https://www.linkedin.com/company/vuzix

entry_point_account_id none on file

name Vuzix Corporation

exchange Nasdaq

sector Technology

hq West Henrietta, NY, United States

irhttps://ir.vuzix.com/

sector index/company/sector/technology/

calls 11 filings 13 executives 2 family 0

why_now

infrastructure in Rochester, New York. During the quarter, we continued expanding our plant floor manufacturing capacity to better support the increasing number of OEM, defense, and waveguide development programs now moving through the company. These ongoing upgrades are d

Jun 13, 2026 / receipt

calls

Sales and marketing costs for all of 2024 fell to $8.2 million from $12.7 million in 2023. a reduction of 4.5 million or 36%. The most significant factors for these expense reductions include a $1.6 million decrease in advertising and trade show expenses and a $1.6 million reduction in salary and benefits expenses driven by headcount decreases.

Mar 13, 2025 / receipt, needs a key / Grant Russell, CFO | earnings call 2025-03-13 | transcript e796721f-dd0c-42fd-b346-b250b07ba116 | chars 16595-16941 | segment 16

The reduction in sales and marketing expense was largely due to a $0.5 million decrease in advertising and trade show expenses, a $0.2 million drop in travel-related expenses, and a $0.6 million drop in consulting and wage costs from headcount reductions.

Nov 14, 2024 / receipt, needs a key / Grant Russell, CFO | earnings call 2024-11-14 | transcript ac878bea-38ab-493e-af5c-4c12725a2c57 | chars 16857-17112 | segment 17

The reduction was primarily due to lower advertising and trade show spending and reduced salary and benefits expense, partially offset by an increase in allowance for credit losses and further severance costs implemented at the end of June.

Aug 14, 2024 / receipt, needs a key / Grant Russell, CFO | earnings call 2024-08-14 | transcript 8e43f680-4e99-4d78-8f1b-926b6785e01a | chars 13218-13458 | segment 13

Sales and marketing expense was $2.2 million for the three months ended March 31, 2024, as compared to $2.5 million in the same 2023 quarterly period. The $0.3 million reduction was primarily due to lower advertising and trade show spending and reduced salary and benefit expenses due to headcount reductions.

May 9, 2024 / receipt, needs a key / Grant Russell, CFO | earnings call 2024-05-09 | transcript 30b7f0fc-53bb-4ab7-986a-ed3950524744 | chars 14418-14727 | segment 14

Sales and marketing costs for all of 2023 rose 57% to $12.7 million from $8.1 million in 2022, with the most significant factors being a $2.1 million increase in salary, commissions, and benefits-related expenses driven by headcount increases a $0.4 million provision for staff reductions in this area, which took place in early January 2024, and an increased bad debt reserve allowance of $1.6 million, and a $0.6 million increase in advertising and trade show expenses.

Mar 28, 2024 / receipt, needs a key / Grant, CFO | earnings call 2024-03-28 | transcript bd9fc4e5-7036-4a60-b360-5745d4b85282 | chars 24020-24491 | segment 24

Early adopters of smart glasses understand the value proposition that our technology affords and are adopting wearable technology to eliminate costs such as expensive and time-consuming travel and to deliver ROIs and productive KPIs.

Nov 9, 2023 / receipt, needs a key / Paul Travers, CEO | earnings call 2023-11-09 | transcript f6a3e986-78e8-4ec3-8aa9-58fe586751f8 | chars 14677-14910 | segment 14

I was in Japan two weeks, three weeks ago at an ESG conference speaking there, and there were four or five companies that gave presentations, and it was all about how smart glasses can be used for the environmental kinds of and social side of things at the same time, quite frankly, but So the whole idea of remote support, saving money, not putting people on airplanes and the like.

Aug 8, 2023 / receipt, needs a key / Paul, CEO | earnings call 2023-08-08 | transcript 0c354cb4-38ea-4b47-8279-53ddca3b596c | chars 25808-26191 | segment 26

We're looking forward to the ribbon-cutting ceremony for our WaveGuide megafactory this fall, and please look for us at multiple investor conferences. We'll be attending throughout the rest of this year.

Aug 8, 2023 / receipt, needs a key / Paul Travers, CEO | earnings call 2023-08-08 | transcript 0c354cb4-38ea-4b47-8279-53ddca3b596c | chars 45708-45911 | segment 46

Sales and marketing costs For all of 2022, row 32% to $8.1 million from $6.1 million in 2021, an increase attributable to a $1.7 million rise in wage expense due to headcount increases and a $.4 million increase in trade show expenses.

Mar 1, 2023 / receipt, needs a key / Grant Russell, CFO | earnings call 2023-03-01 | transcript 2d1617fd-df5c-4e37-ab03-be52d72e77fd | chars 21779-22014 | segment 21

Selling and marketing expenses for the three months into June 30, 2022 was $1.9 million. As compared to $1.3 million in the 2021 period, a 37% increase largely due to a $.3 million increase in headcount and salary and benefits-related expenses, and to a lesser extent, increases in travel, sales commissions, and trade show expenses.

Aug 9, 2022 / receipt, needs a key / Grant Russell, CFO | earnings call 2022-08-09 | transcript 885588e0-26bc-4542-9125-51561befedb4 | chars 19250-19583 | segment 19

Sales and market expense for the three months ended March 31st, 2022 was 2 million as compared to 1.3 million in the 2021 period, a 55% increase over the prior year's period due primarily to increases in salary expenses from new hires and the 0.3 million dollar increase in trade show expenses, which rose as a result of a return to attending trade show events in person post the broad COVID lockdowns of 2021.

May 10, 2022 / receipt, needs a key / Grant, CFO | earnings call 2022-05-10 | transcript ed881845-c1da-45c0-85e8-2bf0fb27ad5e | chars 17341-17751 | segment 18

filings

~25% Annual cash operating expense reduction since 2024

ir_statement / Sep 15, 2026 / receipt

Amazon RME use of M400 continues to expand in fulfillment operations.

ir_statement / Sep 15, 2026 / receipt

Customer-funded engineering creates a more capital-efficient production path.

ir_statement / Sep 15, 2026 / receipt

Additional automation to improve throughput and repeatability.