Vuzix Corporation (VUZI) financial statements (2021 and earlier)

Company profile

Business Address 25 HENDRIX ROAD
WEST HENRIETTA, NY 14586
State of Incorp. DE
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3611171515120
Cash and cash equivalents3611171515120
Receivables1111000
Inventory, net of allowances, customer advances and progress billings6674331
Inventory6674331
Other undisclosed current assets1122111
Total current assets:4519272118172
Noncurrent Assets
Operating lease, right-of-use asset22
Property, plant and equipment3444320
Intangible assets, net (including goodwill)2111110
Intangible assets, net (excluding goodwill)2111110
Regulated entity, other noncurrent assets      0
Other noncurrent assets100   0
Other undisclosed noncurrent assets1121011
Total noncurrent assets:7986432
TOTAL ASSETS:5228352722204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3245223
Accounts payable2134112
Accrued liabilities1121111
Employee-related liabilities      0
Taxes payable0000000
Deferred revenue00
Debt 1  100
Derivative instruments and hedges, liabilities   0   
Deferred revenue and credits0100
Customer advances and deposits0000
Contract with customer, liability0
Other undisclosed current liabilities0 0   (0)
Total current liabilities:3355423
Noncurrent Liabilities
Long-term debt and lease obligation12   11
Long-term debt, excluding current maturities     11
Operating lease, liability12
Liabilities, other than long-term debt   00014
Accounts payable and accrued liabilities   0000
Derivative instruments and hedges, liabilities    0014
Other undisclosed noncurrent liabilities(1)    0 
Total noncurrent liabilities:12 00215
Total liabilities:44555318
Stockholders' equity
Stockholders' equity attributable to parent, including:482430211816(14)
Preferred stock000000 
Common stock0000000
Additional paid in capital211169149118957430
Accumulated deficit(163)(145)(118)(96)(77)(58)(44)
Warrants and rights outstanding      11
Other undisclosed stockholders' equity attributable to parent      (11)
Total stockholders' equity:482430211816(14)
TOTAL LIABILITIES AND EQUITY:5228352722204

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues12786233
Revenue, net6233
Cost of revenue(10)(11)(6)(6)(3)(2)(2)
Cost of goods and services sold  0(6)(3)(2)(2)
Gross profit:2(4)2(1)(1)11
Operating expenses(21)(22)(24)(19)(17)(12)(6)
Operating loss:(19)(27)(22)(19)(19)(11)(5)
Nonoperating income (expense)10(0)(0)(1)(2)(3)
Investment income, nonoperating00000(1)(2)
Foreign currency transaction loss, before tax(0)(0)(0)(0)(0)(0)(0)
Interest and debt expense1 (0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes     00
Loss from continuing operations before equity method investments, income taxes:(17)(26)(22)(20)(19)(13)(8)
Other undisclosed income (loss) from continuing operations before income taxes(1) 000  
Loss from continuing operations before income taxes:(18)(26)(22)(20)(19)(13)(8)
Income tax expense (benefit)000(4)   
Net loss:(18)(26)(22)(23)(19)(13)(8)
Other undisclosed net income (loss) attributable to parent(0)(0)(0)4   
Net loss attributable to parent:(18)(26)(22)(20)(19)(13)(8)
Preferred stock dividends and other adjustments(2)(2)(2)(2)(2)(2) 
Net loss available to common stockholders, diluted:(20)(28)(24)(21)(21)(15)(8)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(18)(26)(22)(23)(19)(13)(8)
Other comprehensive loss(18)(26)(22)(20)(19)(13)(8)
Comprehensive loss, net of tax, attributable to parent:(36)(53)(44)(43)(39)(27)(16)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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