Revenue: As of FY2026 Q1, the actual value is USD 1.391 M, beating the estimate of USD 1.346 M.

EPS: As of FY2026 Q1, the actual value is USD -0.09.

Sales

Total sales for Vuzix Corporation decreased by 12% to $1.4 million for the three months ended March 31, 2026, compared to $1.6 million for the comparable period in 2025. Product sales were $1,042 thousand in 2026, down from $1,324 thousand in 2025, primarily due to reduced unit sales of M400 smart glasses. Sales of engineering services were $349 thousand in 2026, relatively flat compared to $257 thousand in 2025.

Gross Loss

Vuzix Corporation reported a gross loss of - $378 thousand for the three months ended March 31, 2026, an increase from a gross loss of - $265 thousand in the comparable 2025 period, mainly due to lower total sales.

Operating Expenses

• Research and Development (R&D): R&D expense increased by approximately 16% to $3,028 thousand in the first quarter of 2026, up from $2,606 thousand in the comparable 2025 period, largely due to higher wage costs from headcount increases and increased depreciation related to new manufacturing equipment used for R&D.
• Selling and Marketing: Selling and marketing expense remained relatively flat at approximately $1,551 thousand in 2026 compared to $1,537 thousand in 2025.
• General and Administrative (G&A): G&A expense decreased by approximately 46% to $2,134 thousand in 2026 from $3,961 thousand in 2025, primarily due to a $1.7 million decline in non-cash stock-based compensation expense.

Operating Income/Loss

Loss from operations improved to - $7,206 thousand in the first quarter of 2026, compared to - $8,774 thousand in the comparable 2025 period.

Net Loss

Net loss attributable to common shareholders was - $7,108 thousand, or - $0.09 per share, for the first quarter of 2026, an improvement from a loss of - $8,637 thousand, or - $0.11 per share, in the first quarter of 2025.

Cash Flow

Cash net flows used in operating activities were $5.6 million for the first quarter of 2026, compared to $3.5 million for the comparable 2025 period.

Management Outlook

Vuzix Corporation plans to build a broader and more diversified business through ODM/OEM custom smart glasses programs, defense and government initiatives, waveguide development, and display system relationships. The company views defense and security-related opportunities as increasingly important, leveraging its U.S.-based waveguide design and manufacturing capabilities as a differentiator. Vuzix Corporation intends to continue investing in waveguide innovation and strategic relationships to capitalize on market opportunities driven by advancements in hardware, AI, and platform ecosystems.