Vuzix (VUZI) Revenue & Revenue Breakdown


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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

DateRevenueChange
2023-12-31$12.13M2.48%
2022-12-31$11.84M-10.09%
2021-12-31$13.16M13.67%
2020-12-31$11.58M73.63%
2019-12-31$6.67M-17.59%
2018-12-31$8.09M46.17%
2017-12-31$5.54M160.31%
2016-12-31$2.13M-22.64%
2015-12-31$2.75M-9.30%
2014-12-31$3.03M26.92%
2013-12-31$2.39M-25.99%
2012-12-31$3.23M-75.27%
2011-12-31$13.05M6.52%
2010-12-31$12.26M3.11%
2009-12-31$11.89M-4.83%
2008-12-31$12.49M23.05%
2007-12-31$10.15M6.39%
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

DateRevenueChange
2024-06-30$1.09M-45.48%
2024-03-31$2.00M87.82%
2023-12-31$1.07M-51.06%
2023-09-30$2.18M-53.53%
2023-06-30$4.69M11.92%
2023-03-31$4.19M44.63%
2022-12-31$2.90M-15.44%
2022-09-30$3.43M13.94%
2022-06-30$3.01M20.16%
2022-03-31$2.50M-24.47%
2021-12-31$3.31M9.77%
2021-09-30$3.02M3.51%
2021-06-30$2.92M-25.50%
2021-03-31$3.92M-7.53%
2020-12-31$4.23M52.37%
2020-09-30$2.78M-8.50%
2020-06-30$3.04M98.26%
2020-03-31$1.53M-21.55%
2019-12-31$1.95M68.48%
2019-09-30$1.16M-46.98%
2019-06-30$2.19M59.16%
2019-03-31$1.37M-30.62%
2018-12-31$1.98M2.92%
2018-09-30$1.92M-27.35%
2018-06-30$2.65M71.49%
2018-03-31$1.54M-3.31%
2017-12-31$1.60M13.64%
2017-09-30$1.41M6.02%
2017-06-30$1.33M9.47%
2017-03-31$1.21M95.23%
2016-12-31$620.11K6.45%
2016-09-30$582.55K3.86%
2016-06-30$560.88K54.16%
2016-03-31$363.84K-32.95%
2015-12-31$542.64K-44.08%
2015-09-30$970.38K126.82%
2015-06-30$427.81K-47.13%
2015-03-31$809.15K-4.33%
2014-12-31$845.81K27.27%
2014-09-30$664.59K-8.11%
2014-06-30$723.26K-9.41%
2014-03-31$798.42K30.70%
2013-12-31$610.86K80.29%
2013-09-30$338.82K-51.61%
2013-06-30$700.20K-5.27%
2013-03-31$739.18K3.96%
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$3.81M33.97%
2011-09-30$2.84M22.10%
2011-06-30$2.33M-42.83%
2011-03-31$4.07M-26.64%
2010-12-31$5.55M103.70%
2010-09-30$2.73M42.31%
2010-06-30$1.92M-7.11%
2010-03-31$2.06M-48.00%
2009-12-31$3.97M39.71%
2009-09-30$2.84M37.54%
2009-06-30$2.06M-31.66%
2009-03-31$3.02M-42.91%
2008-12-31$5.29M121.34%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 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/ServiceJun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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


TickerCompanyLast Year RevenueLast Quarter Revenue
LPLLG Display$21.33T$5.25T
SONYSony Group$13.02T$3.48T
AAPLApple$391.04B$85.78B
VZIOVIZIO$1.68B$353.90M
SONOSonos$1.66B$397.15M
GPROGoPro$1.01B$186.22M
VOXXVOXX$468.91M$92.49M
UEICUniversal Electronics$420.46M$90.45M
HEARTurtle Beach$258.12M$76.48M
MICSSinging Machine Company$38.93M$100.00
VUZIVuzix$12.13M$1.09M
KOSSKoss-$3.20M

VUZI Revenue FAQ


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.

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).

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%.

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.

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.