Vuzix Corporation (VUZI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments111715151200
Cash and cash equivalents111715151200
Receivables1110000
Inventory, net of allowances, customer advances and progress billings6743311
Inventory6743311
Other undisclosed current assets1221110
Total current assets:192721181722
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment4443200
Intangible assets, net (including goodwill)1111100
Intangible assets, net (excluding goodwill)1111100
Regulated entity, other noncurrent assets     0 
Other noncurrent assets00   0 
Other undisclosed noncurrent assets1210110
Total noncurrent assets:9864321
TOTAL ASSETS:283527222043
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2452233
Accounts payable1341122
Accrued liabilities1211111
Employee-related liabilities     0 
Taxes payable0000000
Deferred revenue0
Debt1  1000
Derivative instruments and hedges, liabilities  0    
Deferred revenue and credits0100 
Customer advances and deposits0000
Contract with customer, liability0
Other undisclosed current liabilities 0   (0)0
Total current liabilities:3554234
Noncurrent Liabilities
Long-term debt and lease obligation2   110
Long-term debt, excluding current maturities    110
Capital lease obligations     0
Operating lease, liability2
Liabilities, other than long-term debt  0001412
Accounts payable and accrued liabilities  0000 
Derivative instruments and hedges, liabilities   001412
Other undisclosed noncurrent liabilities    0 0
Total noncurrent liabilities:2 0021512
Total liabilities:455531816
Stockholders' equity
Stockholders' equity attributable to parent, including:2430211816(14)(13)
Preferred stock00000  
Common stock0000000
Additional paid in capital16914911895743023
Accumulated deficit(145)(118)(96)(77)(58)(44)(36)
Warrants and rights outstanding     11 
Other undisclosed stockholders' equity attributable to parent     (11) 
Total stockholders' equity:2430211816(14)(13)
TOTAL LIABILITIES AND EQUITY:283527222043

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7862332
Revenue, net62332
Cost of revenue(11)(6)(6)(3)(2)(2)(2)
Cost of goods and services sold 0(6)(3)(2)(2)(2)
Gross profit:(4)2(1)(1)111
Operating expenses(22)(24)(19)(17)(12)(6)(5)
Operating loss:(27)(22)(19)(19)(11)(5)(5)
Nonoperating income (expense)0(0)(0)(1)(2)(3)(5)
Investment income, nonoperating0000(1)(2) 
Foreign currency transaction loss, before tax(0)(0)(0)(0)(0)(0)(0)
Interest and debt expense (0)(0)(0)(0)(0)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes    001
Loss from continuing operations before equity method investments, income taxes:(26)(22)(20)(19)(13)(8)(10)
Other undisclosed income from continuing operations before income taxes 000   
Loss from continuing operations before income taxes:(26)(22)(20)(19)(13)(8)(10)
Income tax expense (benefit)00(4)    
Net loss:(26)(22)(23)(19)(13)(8)(10)
Other undisclosed net income (loss) attributable to parent(0)(0)4    
Net loss attributable to parent:(26)(22)(20)(19)(13)(8)(10)
Preferred stock dividends and other adjustments(2)(2)(2)(2)(2)  
Net loss available to common stockholders, basic:(28)(24)(21)(21)(15)(8)(10)
Dilutive securities, effect on basic earnings per share      3
Net loss available to common stockholders, diluted:(28)(24)(21)(21)(15)(8)(7)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(26)(22)(23)(19)(13)(8)(10)
Other comprehensive loss(26)(22)(20)(19)(13)(8) 
Comprehensive loss, net of tax, attributable to parent:(53)(44)(43)(39)(27)(16)(10)

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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