Vuzix Corporation reported its second quarter results for the three months ended June 30, 2025.
The company reached important milestones in its OEM business and introduced the LX1 enterprise smart glasses.
Despite cost control measures, revenue grew by 19% year-over-year in the second quarter.
Revenue Growth
Total revenues increased by 19% to $1.3 million, driven by higher product sales and increased unit sales of M400 smart glasses.
Expense Management
Selling and Marketing expenses decreased by 40%, mainly due to headcount reductions and lower bad debt expenses.
Net Loss Improvement
Net loss reduced significantly to $7.7 million, compared to $40.6 million in the same period in 2024.
- The company faced an overall gross loss for the quarter due to reserves for inventory obsolescence and increased manufacturing overhead costs.
- Research and Development expenses increased by approximately 9% due to higher external development costs for new products.
- Management maintained a positive outlook, citing a growing pipeline of opportunities and increasing demand for AI-enhanced wearable solutions.
Vuzix Corporation's second quarter performance showcased revenue growth, expense management, and a significant reduction in net loss. The company's introduction of the LX1 smart glasses and positive market positioning indicate promising opportunities ahead.