Similar companies
| Company | Revenue | |
|---|---|---|
 |
GoProGPRO |
259M 39% |
 |
SonosSONO |
256M 35.7% |
 |
GarminGRMN |
1.6B 6.8% |
 |
KossKOSS |
3.2M 10.7% |
 |
Turtle BeachHEAR |
94M 23.4% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.4M | 26.8% |
| Gross Profit | -260,000 | 22% |
| Cost of Revenue | 1.6M | 15.4% |
| Operating expense | 9M | 77.6% |
| Net Income | -9.2M | 77.3% |
| EBITDA | -8.9M | 77.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 42M | 9.4% |
| Total Liabilities | 2.3M | 18.9% |
| Total Equity | 40M | 11.7% |
| Shares Outstanding | 74M | 12.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -5.3M | 6.4% |
| Cash from investing | -330,000 | 66.2% |
EPS
Financial Highlights for Vuzix Corporation in Q3 '24
Vuzix Corporation reported a revenue of 1.4M, which is a 26.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -260,000, marking a 22% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.6M, a 15.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 9M, showing a -77.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -9.2M, showing a 77.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -8.9M, showing a 77.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Vuzix Corporation with growth in revenue, gross profit, and net income.
