Vuzix Corp company info

CIK 1463972
IRS Number 043392453
State of incorporation DE
Business address 25 HENDRIX ROAD
SUITE A
WEST HENRIETTA
NY
14586
Mail address 25 HENDRIX ROAD
SUITE A
WEST HENRIETTA
NY
14586

Short summary

Vuzix Corp is a New York company, with head office located at 25 Hendrix Road West Henrietta, New York 14586. In 2017 the company owned a total of 47.77 million USD worth of assets, including 42.03 million USD worth of current assets. The company amassed the most assets last year, totalling up to 47.77 million USD. The company net sales last year amounted to 5.54 million USD. The company allocated 6.71 million USD of its income to research and development.

Vuzix Corp Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Revenue, Net 11.8912.2613.053.232.393.032.752.135.54
Gross Profit 4.283.804.740.890.810.930.57-1.16-0.68
Research and development 2.222.042.121.151.751.753.606.956.71
Operating Expenses 7.247.687.315.095.465.9611.9117.3718.68
Operating Income (Loss) -2.96-3.88-2.57-4.21-4.65-5.03-11.34-18.54-19.35
Interest expense 0.300.431.000.510.500.190.160.130.09
Other Nonoperating Income (Expense) 0.000.000.000.000
Income Tax Expense (Benefit) -0.030.010.03000000
Net income -3.25-4.56-3.880.32-10.15-7.8713.43-19.25-19.63

Vuzix Corp Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 0.820.130.641.530.081.9715.054.596.1336.07
Accounts Receivable, Net, Current 1.190.180.230.170.080.100.141.05
Inventories 3.830.720.490.921.093.473.414.28
Property, Plant and Equipment, Gross 3.533.063.142.563.065.056.38
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 2.572.402.702.151.041.692.25
Intangible Assets, Net (Excluding Goodwill) 0.720.590.550.510.510.520.590.85
Other Assets, Noncurrent 0.130.090.08
Total assets 7.043.882.504.8424.3312.8815.1747.77
Current assets 5.722.571.223.1222.609.4510.8242.03
Accounts payable 3.092.713.512.090.691.061.811.75
Total current liabilities 6.293.587.953.111.593.763.063.18
Long-term Debt, Excluding Current Maturities 3.182.301.321.211.08000
Long-term Debt 2.823.001.311.161.4700
Other Accrued Liabilities, Noncurrent 0.480.710.790.020.1300
Total liabilities 11.667.6111.1913.312.974.033.253.18
Common Stock, Value, Issued 0.260.270.000.010.020.020.020.03
Retained Earnings (Accumulated Deficit) -23.94-23.55-28.74-34.54-51.65-65.47-85.09-101.76

Vuzix Corp Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income -3.25-4.56-3.880.32-10.15-7.8713.43-19.25-19.63
Depreciation and amortization 0.520.440.470.470.380.280.380.771.00
Depreciation 0.470.470.380.28
Amortization of Intangible Assets 00.070.29
Depreciation and amortization 0.520.440.47
Deferred Income Tax Expense (Benefit) 000
Accounts receivable 0.03-0.09-0.25-0.610.040.17-0.06-0.220.87
Inventories 0.650.79-1.21-0.720.27-0.042.440.432.35
Accounts payable -0.830.19-0.36-0.91-0.38-0.24-1.280.182.64
Deferred revenue 0.040.010.020.44-0.40
Net Cash Provided by (Used in) Operating Activities -2.26-3.08-1.50-2.82-5.09-4.61-11.67-14.40-16.47
Payments to Acquire Property, Plant, and Equipment 0.340.150.800.180.150.201.892.041.68
Payments to Acquire Intangible Assets 0.130.090.100.070.070.090.190.150.60
Net Cash Provided by (Used in) Investing Activities -0.47-0.24-0.907.27-0.46-0.90-2.08-2.19-2.69
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -2.08-2.19
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 1.670.240.34
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 1.670.240.34
Proceeds from Issuance of Common Stock 6.1108.050021.1121.13
Net Cash Provided by (Used in) Financing Activities 4.423.450.18-4.805.795.2925.5419.2419.51
Cash and Cash Equivalents, Period Increase (Decrease) 1.680.14-2.22-0.350.24-0.2311.792.660.36