NASDAQ$VUZI
Vuzix Corp · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported a decrease in revenue due to lower sales of smart glasses and engineering services, but prepared for future growth with new products and solidified balance sheet.
Vuzix reported a decrease in total revenues for the fourth quarter of 2021, primarily due to lower sales of smart glasses products and engineering services. However, the company is optimistic about future growth, citing an expected acceleration in smart glasses demand and opportunities within its OEM business group.
- Total revenues decreased by 22% compared to the prior year's period.
- Gross profit decreased due to lower sales volume.
- Operating expenses increased, driven by higher R&D, selling and marketing, and general and administrative costs.
- The company is planning up to a $25 million share buyback program.
Headline financials
Revenue & EPS history
Vuzix · Revenue · Quarterly
$3.31M
Revenue by segment
Vuzix · $3.3M total across 1 segment · Q4 2021
- Products Sales$3.3M—100.0%
Forward guidance
Vuzix anticipates significant year-over-year revenue growth in 2022, driven by accelerating smart glasses demand and opportunities within its OEM business group. The company also plans to continue investing in its staff, core technology, and infrastructure.
Tailwinds
- Expects adoption acceleration to lead to larger orders.
- Sees businesses returning to a more normal profile.
- Well-positioned to achieve significant year-over-year revenue growth.
- Driven primarily by accelerating smart glasses demand.
- Opportunities within OEM business group.
Headwinds
- Many customers continued to delay orders due to COVID-19.
- Market is undervaluing Vuzix.
- Will continue to invest in staff.
- Will continue to invest in core technology.
- Will continue to invest in infrastructure.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2021
-4.7%
Avg return
Earnings day
-1.2%
Avg return
5 days after
+5.4%
Avg return
30 days after
20%
13 / 65 earnings
Positive
+23.0%
Q1 2025
Best reaction
-33.3%
Q1 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | +36.1% | — | |
| Q4 2025 | -15.2% | -20.4% | -5.9% | |
| Q3 2025 | -6.7% | -11.0% | +10.6% | |
| Q2 2025 | -9.1% | -12.3% | +1.4% | |
| Q1 2025 | +23.0% | +21.9% | +46.2% | |
| Q4 2024 | +8.3% | +8.3% | -23.4% | |
| Q3 2024 | -16.3% | -1.8% | +189.9% | |
| Q2 2024 | -13.3% | -7.1% | +3.0% | |
| Q1 2024 | -6.3% | +17.2% | +7.0% | |
| Q4 2023 | -2.4% | -1.6% | +26.0% | |
| Q3 2023 | -21.8% | -27.9% | -35.5% | |
| Q2 2023 | -6.6% | -6.0% | -21.4% | |
| Q1 2023 | -11.3% | -16.0% | +8.4% | |
| Q4 2022 | -5.3% | -1.0% | -0.2% | |
| Q3 2022 | -5.1% | -3.0% | -16.7% | |
| Q2 2022 | +7.7% | +14.9% | -12.7% | |
| Q1 2022 | -10.2% | +4.1% | +37.6% | |
| Q4 2021 | +0.4% | +3.7% | +16.6% | |
| Q3 2021 | +13.3% | +22.7% | -14.3% | |
| Q2 2021 | -6.0% | -9.7% | -12.6% | |
| Q1 2021 | -10.1% | -16.6% | +0.9% | |
| Q4 2020 | -14.4% | +19.5% | +4.4% | |
| Q3 2020 | -12.7% | -4.3% | +6.4% | |
| Q2 2020 | -13.0% | -12.3% | +6.7% | |
| Q1 2020 | -11.7% | -12.4% | -15.7% | |
| Q4 2019 | -23.1% | -13.4% | +18.7% | |
| Q3 2019 | -8.0% | -6.3% | +0.8% | |
| Q2 2019 | -1.0% | +2.0% | +10.2% | |
| Q1 2019 | +7.7% | +2.8% | -17.5% | |
| Q4 2018 | -0.8% | -1.9% | -25.8% | |
| Q3 2018 | -5.9% | -9.0% | -12.3% | |
| Q2 2018 | +6.5% | +1.6% | +3.2% | |
| Q1 2018 | -7.8% | -7.8% | +7.8% | |
| Q4 2017 | -9.2% | -15.7% | -13.7% | |
| Q3 2017 | +13.1% | +26.3% | +36.4% | |
| Q2 2017 | -8.2% | -1.6% | +0.0% | |
| Q1 2017 | -7.8% | -6.9% | +6.9% | |
| Q4 2016 | -2.1% | -14.5% | -22.8% | |
| Q3 2016 | +6.5% | +18.0% | +3.6% | |
| Q2 2016 | -6.5% | -7.4% | +9.1% | |
| Q1 2016 | +5.9% | — | — | |
| Q4 2015 | -11.5% | — | — | |
| Q3 2015 | -0.6% | — | — | |
| Q2 2015 | -6.8% | — | — | |
| Q1 2015 | -8.1% | — | — | |
| Q4 2014 | -3.3% | — | — | |
| Q3 2014 | -12.3% | — | — | |
| Q2 2014 | -0.7% | — | — | |
| Q2 2013 | -4.1% | — | — | |
| Q1 2014 | -4.1% | — | — | |
| Q4 2013 | +13.2% | — | — | |
| Q3 2013 | -4.1% | — | — | |
| Q1 2013 | -3.7% | — | — | |
| Q2 2012 | -16.9% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2011 | +0.0% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q1 2012 | -33.3% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q1 2011 | +14.3% | — | — | |
| Q4 2010 | -11.1% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2010 | -27.3% | — | — | |
| Q1 2010 | +0.0% | — | — |
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