"Q1 2026 marked an important step in Vuzix' transition toward a broader technology and solutions model," said Paul Travers, President and Chief Executive Officer of Vuzix. "Our branded enterprise smart glasses business continues to generate revenue, customer insight and market credibility, while our growing focus on OEM smart glasses solutions, waveguides and display systems is expanding the role Vuzix can play across the smart glasses ecosystem. During the quarter, we continued expanding our plant floor manufacturing capacity to better support the increasing number of OEM, defense, and waveguide development programs now moving through the Company. These ongoing upgrades are designed to improve throughput, reduce development cycle times, minimize manufacturing changeovers, and allow Vuzix to manage multiple advanced programs simultaneously as a broader set of opportunities move toward production."
The following table compares condensed elements of the Company's unaudited summarized Consolidated Statements of Operations data for the three months ended March 31, 2026 and 2025, respectively:
For Three Months Ended March 31
($000s except per share amounts)
2026
2025
Sales:
Sales of Products
$1,042
$1,324
Sales of Engineering Services
349
257
Total Sales
1,391
1,581
Total Cost of Sales
1,769
1,846
Gross Loss
(378)
(265)
