Featured coverage · November and December 2026

Vuzix (Nasdaq: VUZI)

Smart glasses, waveguides and defense displays, and since August a new line in optics for AI data centers.

A small listed company whose whole business is AR: Amazon is testing its Ultralite Pro glasses, Collins Aerospace moved to initial production, and Quanta Computer is an investor and manufacturing partner. Third-quarter results come on Thursday 12 November, with a call at 4:30 PM ET. Everything below comes from Vuzix’s own releases and filings, linked line by line; facts checked 30 October 2026.

Related party: AIEDGE Holdings, Inc., under common control with First Look Equities, is preparing an application to become an authorized Vuzix reseller and software partner. First Look Equities has received nothing from Vuzix. Full disclosure ledger

The numbers

Share price: $2.0623 Oct 2026 close · StockAnalysis
Market value: $173.9m84.41m shares outstanding · StockAnalysis
Q2 2026 revenue: $1.11mApr–Jun; down 14% from $1.30m · Q2 release
Q2 2026 net loss: $7.63m$0.09 a share; $14.70m in the first half · 10-Q
Cash: $17.3m30 Jun 2026; no debt · Q2 release
Next results: 12 Nov 2026Q3 2026 results and a 4:30 PM ET call, set by Vuzix on 29 Oct · Call notice

What Vuzix does

Four lines of business, one optics engine.

The Vuzix M400 smart-glasses module: a slim black unit with the camera and display arm — The M400, Vuzix’s enterprise smart-glasses module, built for warehouses, field service and remote-support work.Product image: Vuzix Corporation

Smart glasses for business

Vuzix sells M400 and Ultralite Pro smart glasses to companies. In the second quarter it delivered its first Ultralite Pro glasses to Amazon for live commercial testing and expanded Amazon's M400 use across its fulfillment centers.

Q2 release

Waveguides for other device makers

Vuzix makes the waveguide optics that put an image in front of the eye and supplies them to companies building their own glasses. It delivered its first waveguide-based systems to a leading global automaker in the second quarter. Quanta Computer is an investor and manufacturing partner.

Q2 release · 10-K

Defense displays

Its Collins Aerospace program moved into initial production deployments in the second quarter. Shrike, a defense display platform introduced on 29 Sep 2026, shipped its first evaluation units.

Shrike release

Optical interconnects for AI data centers

New in 2026: in August Vuzix shipped a high-bandwidth optical interconnect for AI data centers, and in October it showed its Causeway evaluation platform at the OCP Global Summit and the PECC Summit.

Causeway release

In its own words

Press releases and video, from Vuzix.

Vuzix press releasesCompany feed

Headlines as Vuzix wrote them, from its press-release feed. All releases

Posted by Vuzix on its YouTube channel, 28 Oct 2024. We link only company videos, never paid interviews.

Vuzix on YouTube

Price, last 12 months · delayed

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Filed with the SEC

No Vuzix filings in the last 60 days.

All filings from our companies

Next on the calendar

Thu 12 Nov4:30 PM ETOur beatVuzix (VUZI): Q3 2026 results and call

The full calendar

What to watch in November and December

Four things that move the story.

12 NovemberThird-quarter resultsSet by Vuzix on 29 October: third-quarter results and a business update, with a conference call at 4:30 PM Eastern on Thursday 12 November 2026; webcast and replay on the investor site.Call notice, 29 Oct 2026
16–19 NovModern Warfare Week, Fort BraggVuzix plans to demonstrate Shrike, its new defense display platform, there.Shrike release
Each quarterShares sold through the $100m programThe at-the-market program with Jefferies was filed on 14 August. The next 10-Q shows how much of it has been used.8-K
OngoingFrom testing to ordersWhether Amazon's Ultralite Pro testing, the automaker's waveguide systems and the Causeway evaluations turn into production orders.Q2 release

The risks, from its own filings

What could go the other way.

Cash use: $12.2mused in operations in the first half, against $17.3m of cash on 30 June. The 10-Q says doubt about going concern "has been alleviated". 10-Q
Dilution: ~45%the full $100m program at $2.62 a share would be about 38m new shares, roughly 45% of today's count. Prospectus supplement
Concentration: 63%of Q2 product sales came from three customers (28%, 20% and 15%). 10-Q
Competition: Meta, Google, Appleare among the competitors Vuzix names, with RealWear, Lumus and DigiLens. 10-K
Scale: $414.6maccumulated deficit on 30 June, against quarterly revenue of $1.11m. 10-Q

The First Look Score · method v2 · preliminary

55 of 100, confidence B, 4 red flags.

A worked example on the record to 2026-10-29, from the 10-K, the 10-Qs, the proxy and dated releases. It becomes an official, timestamped score after the Q3 results on 12 November. Nobody can pay for a score, and Vuzix has not seen this one.

The featured report Every factor, sourced

Confidence B · Mixed

Points by pillar

SI and AR readiness11.2 / 16

Business quality2.1 / 14

Liquidity and runway6.0 / 12

Capital structure and dilution7.2 / 12

Governance and disclosure5.4 / 12

Market and position7.8 / 12

Momentum and attention6.0 / 10

Investor access and IR quality9.0 / 12

Red flags present

Going-concern language. Substantial doubt raised in Note 1, MD&A, the auditor's report or the XBRL going-concern flag, even if management states it was alleviated.

Customer above 50%. Any single customer above 50% of a revenue line or of receivables in the latest period.

Under twelve months of cash. Cash and equivalents below twelve months of trailing operating cash burn without new financing.

Negative gross margin. Gross loss in the latest fiscal year.

Not present: reverse split, ineffective controls, listing deficiency, adverse financing terms.

Disclosure ledger

What we have, and what we don’t.

Compensation: None. First Look Equities has received nothing from Vuzix: no cash, shares or services.
Related party: AIEDGE Holdings, Inc., under common control with First Look Equities, is preparing an application to become an authorized Vuzix reseller and software partner. If it is accepted, this page will say so.
Positions: None. As of 29 October 2026, neither First Look Equities, its founder, AIEDGE Holdings, Inc. nor Luxury Marine Life holds shares, options or any other interest in Vuzix or in any company on our lists. This line is re-confirmed before every issue.
Trading: No one in the group trades Vuzix from 30 days before a piece to 5 days after it.
Why it is featured: Chosen by First Look Equities because Vuzix is a small listed company whose whole business is AR, with third-quarter results due mid-November. Vuzix did not ask for or pay for the feature, and it is not timed to any trade.
Not advice: No rating, no price target and no call to buy or sell. Figures are as Vuzix reported them for the period shown.

First Look Equities publishes impersonal research of general and regular circulation. We are not a broker-dealer, funding portal or registered investment adviser, and nothing here is an offer or solicitation of securities. Sources: Q2 2026 release, 10-Q, 10-K, at-the-market 8-K, prospectus supplement, IR calendar, StockAnalysis quote.

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