Vuzix (VUZI) Revenue & Revenue Breakdown
Vuzix Revenue Highlights
Latest Revenue (Y)
$12.13M
Latest Revenue (Q)
$1.09M
Main Segment (Y)
Smart Glasses Sales
Vuzix Revenue by Period
Vuzix Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $12.13M | 2.48% |
| 2022-12-31 | $11.84M | -10.09% |
| 2021-12-31 | $13.16M | 13.67% |
| 2020-12-31 | $11.58M | 73.63% |
| 2019-12-31 | $6.67M | -17.59% |
| 2018-12-31 | $8.09M | 46.17% |
| 2017-12-31 | $5.54M | 160.31% |
| 2016-12-31 | $2.13M | -22.64% |
| 2015-12-31 | $2.75M | -9.30% |
| 2014-12-31 | $3.03M | 26.92% |
| 2013-12-31 | $2.39M | -25.99% |
| 2012-12-31 | $3.23M | -75.27% |
| 2011-12-31 | $13.05M | 6.52% |
| 2010-12-31 | $12.26M | 3.11% |
| 2009-12-31 | $11.89M | -4.83% |
| 2008-12-31 | $12.49M | 23.05% |
| 2007-12-31 | $10.15M | 6.39% |
| 2006-12-31 | $9.54M | - |
Vuzix generated $12.13M in revenue during NA 2023, up 2.48% compared to the previous quarter, and up 149.85% compared to the same period a year ago.
Vuzix Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $1.09M | -45.48% |
| 2024-03-31 | $2.00M | 87.82% |
| 2023-12-31 | $1.07M | -51.06% |
| 2023-09-30 | $2.18M | -53.53% |
| 2023-06-30 | $4.69M | 11.92% |
| 2023-03-31 | $4.19M | 44.63% |
| 2022-12-31 | $2.90M | -15.44% |
| 2022-09-30 | $3.43M | 13.94% |
| 2022-06-30 | $3.01M | 20.16% |
| 2022-03-31 | $2.50M | -24.47% |
| 2021-12-31 | $3.31M | 9.77% |
| 2021-09-30 | $3.02M | 3.51% |
| 2021-06-30 | $2.92M | -25.50% |
| 2021-03-31 | $3.92M | -7.53% |
| 2020-12-31 | $4.23M | 52.37% |
| 2020-09-30 | $2.78M | -8.50% |
| 2020-06-30 | $3.04M | 98.26% |
| 2020-03-31 | $1.53M | -21.55% |
| 2019-12-31 | $1.95M | 68.48% |
| 2019-09-30 | $1.16M | -46.98% |
| 2019-06-30 | $2.19M | 59.16% |
| 2019-03-31 | $1.37M | -30.62% |
| 2018-12-31 | $1.98M | 2.92% |
| 2018-09-30 | $1.92M | -27.35% |
| 2018-06-30 | $2.65M | 71.49% |
| 2018-03-31 | $1.54M | -3.31% |
| 2017-12-31 | $1.60M | 13.64% |
| 2017-09-30 | $1.41M | 6.02% |
| 2017-06-30 | $1.33M | 9.47% |
| 2017-03-31 | $1.21M | 95.23% |
| 2016-12-31 | $620.11K | 6.45% |
| 2016-09-30 | $582.55K | 3.86% |
| 2016-06-30 | $560.88K | 54.16% |
| 2016-03-31 | $363.84K | -32.95% |
| 2015-12-31 | $542.64K | -44.08% |
| 2015-09-30 | $970.38K | 126.82% |
| 2015-06-30 | $427.81K | -47.13% |
| 2015-03-31 | $809.15K | -4.33% |
| 2014-12-31 | $845.81K | 27.27% |
| 2014-09-30 | $664.59K | -8.11% |
| 2014-06-30 | $723.26K | -9.41% |
| 2014-03-31 | $798.42K | 30.70% |
| 2013-12-31 | $610.86K | 80.29% |
| 2013-09-30 | $338.82K | -51.61% |
| 2013-06-30 | $700.20K | -5.27% |
| 2013-03-31 | $739.18K | 3.96% |
| 2012-12-31 | $711.01K | -6.01% |
| 2012-09-30 | $756.50K | -27.05% |
| 2012-06-30 | $1.04M | -63.63% |
| 2012-03-31 | $2.85M | -25.15% |
| 2011-12-31 | $3.81M | 33.97% |
| 2011-09-30 | $2.84M | 22.10% |
| 2011-06-30 | $2.33M | -42.83% |
| 2011-03-31 | $4.07M | -26.64% |
| 2010-12-31 | $5.55M | 103.70% |
| 2010-09-30 | $2.73M | 42.31% |
| 2010-06-30 | $1.92M | -7.11% |
| 2010-03-31 | $2.06M | -48.00% |
| 2009-12-31 | $3.97M | 39.71% |
| 2009-09-30 | $2.84M | 37.54% |
| 2009-06-30 | $2.06M | -31.66% |
| 2009-03-31 | $3.02M | -42.91% |
| 2008-12-31 | $5.29M | 121.34% |
| 2008-09-30 | $2.39M | - |
Vuzix generated $1.09M in revenue during Q2 2024, up -45.48% compared to the previous quarter, and up 26.07% compared to the same period a year ago.
Vuzix Revenue Breakdown
Vuzix Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Smart Glasses Sales | $10.76M | $10.51M | $12.78M | - | - |
| Engineering Services | $1.37M | $1.33M | $380.33K | $1.50M | $673.15K |
| Smart Glasses And I Wear Video Headphones Sales | - | - | - | $10.08M | $4.89M |
| Waveguide And Display Engine Sales | - | - | - | - | $152.50K |
| Oem Product Sales | - | - | - | - | $951.57K |
Vuzix's latest annual revenue breakdown by segment (product or service), as of Dec 23: Smart Glasses Sales (88.71%), and Engineering Services (11.29%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Engineering Services | $491.31K | $174.79K | $294.96K | $808.16K | $265.67K | $331.97K | $889.28K | $108.87K | $187.22K | - | $82.89K | $110.22K | $545.87K | $92.56K | $701.65K | $160.21K | $222.53K | $99.67K | - | - |
| Smart Glasses Sales | $601.26K | $1.83M | $771.98K | $1.37M | $4.43M | $4.19M | $2.57M | $2.54M | $2.90M | $2.50M | $3.13M | $3.02M | - | - | - | - | - | - | - | - |
| Smart Glasses And I Wear Video Headphones Sales | - | - | - | - | - | - | - | - | - | - | - | - | $2.83M | $3.81M | $3.69M | $2.69M | $2.34M | $1.37M | $1.73M | $1.05M |
| Oem Product Sales | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Waveguide And Display Engine Sales | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $10.00K |
Vuzix's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Smart Glasses Sales (55.03%), and Engineering Services (44.97%).
Vuzix Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| LPL | LG Display | $21.33T | $5.25T |
| SONY | Sony Group | $13.02T | $3.48T |
| AAPL | Apple | $383.29B | $85.78B |
| VZIO | VIZIO | $1.68B | $353.90M |
| SONO | Sonos | $1.66B | $397.15M |
| GPRO | GoPro | $1.01B | $186.22M |
| VOXX | VOXX | $468.91M | $91.66M |
| UEIC | Universal Electronics | $420.46M | $90.45M |
| HEAR | Turtle Beach | $258.12M | $76.48M |
| MICS | Singing Machine Company | $38.93M | $100.00 |
| VUZI | Vuzix | $12.13M | $1.09M |
| KOSS | Koss | - | $2.64M |
VUZI Revenue FAQ
What is Vuzix’s yearly revenue?
Vuzix's yearly revenue for 2023 was $12.13M, representing an increase of 2.48% compared to 2022. The company's yearly revenue for 2022 was $11.84M, representing a decrease of -10.09% compared to 2021. VUZI's yearly revenue for 2021 was $13.16M, representing an increase of 13.67% compared to 2020.
What is Vuzix’s quarterly revenue?
Vuzix's quarterly revenue for Q2 2024 was $1.09M, a -45.48% decrease from the previous quarter (Q1 2024), and a -76.71% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $2M, a 87.82% increase from the previous quarter (Q4 2023), and a -52.19% decrease year-over-year (Q1 2023). VUZI's quarterly revenue for Q4 2023 was $1.07M, a -51.06% decrease from the previous quarter (Q3 2023), and a -63.18% decrease year-over-year (Q4 2022).
What is Vuzix’s revenue growth rate?
Vuzix's revenue growth rate for the last 3 years (2021-2023) was -7.87%, and for the last 5 years (2019-2023) was 81.83%.
What are Vuzix’s revenue streams?
Vuzix's revenue streams in c 23 are Smart Glasses Sales, and Engineering Services. Smart Glasses Sales generated $10.76M in revenue, accounting 88.71% of the company's total revenue, up 2.42% year-over-year. Engineering Services generated $1.37M in revenue, accounting 11.29% of the company's total revenue, up 2.91% year-over-year.
What is Vuzix’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Vuzix was Smart Glasses Sales. This segment made a revenue of $10.76M, representing 88.71% of the company's total revenue.