Vuzix Corp VUZI Income Statement

Vuzix corp (VUZI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Sales:
Total Sales
1,531	1,952	1,158	2,185	1,373	1,979	1,923	2,647	1,543	-	1,405	1,325	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of Products
-	-	-	-	-	-	-	-	-	-	-	-	959	-	582	421	363	530	890	427	695	590	624	609	649	435	301	511	608	621	566	590	913	-2,526	991	1,712	3,838	2,246	1,870
Sales of Engineering Services
-	-	-	-	-	-	-	-	-	-	-	-	251	-	0	139	0	12	79	0	113	255	40	113	149	175	37	188	130	89	190	60	196	-290	250	615	234	478	44
Total Sales
-	-	-	-	-	-	-	-	-	-	-	-	1,210	-	582	560	363	542	970	427	809	845	664	723	798	610	338	700	739	711	756	650	1,110	-2,817	1,241	2,328	4,073	2,725	1,915
Cost of Sales:
Cost of Sales - Products
-	-	-	-	-	-	-	-	-	-	-	-	953	-	819	647	602	511	612	392	585	632	444	416	390	580	177	315	282	526	486	446	676	-882	824	989	2,256	1,652	1,497
Cost of Sales - Engineering Services
-	-	-	-	-	-	-	-	-	-	-	-	108	-	0	39	0	5	31	0	45	96	16	45	59	67	12	91	55	34	71	25	74	-132	177	262	119	292	25
Total Cost of Sales
1,451	6,321	1,390	2,033	1,333	1,679	1,302	1,977	1,366	1,900	1,497	1,754	1,061	1,181	819	686	602	516	644	392	630	729	460	462	450	648	190	406	337	560	557	471	750	-1,015	1,002	1,251	2,375	1,945	1,522
Gross Profit (exclusive of depreciation shown separately below)
80	-4,368	-231	152	39	300	620	670	177	-303	-92	-429	148	-561	-236	-126	-239	26	326	35	178	116	204	261	348	-37	148	293	401	150	198	179	359	-1,802	238	1,076	1,697	780	392
Operating Expenses:
Research and Development
2,023	2,060	2,336	1,987	2,516	3,290	2,468	2,564	2,055	2,332	1,506	1,198	1,668	1,826	2,177	1,669	1,274	1,403	944	732	514	575	484	295	397	542	470	421	317	416	267	221	247	-57	338	534	525	526	457
Selling and Marketing
1,152	1,198	775	822	1,417	777	966	1,545	1,534	954	908	800	1,030	777	839	651	1,126	625	469	345	357	275	336	256	364	335	193	287	274	302	282	285	354	401	334	406	504	489	518
General and Administrative
1,537	1,351	1,548	1,803	1,896	1,321	1,666	2,320	1,665	1,970	1,612	1,308	1,235	1,753	1,274	1,199	886	1,040	1,120	1,023	2,934	988	592	532	479	561	585	602	416	554	507	556	562	595	663	647	684	707	588
Depreciation and Amortization
648	645	628	607	559	523	377	294	273	264	251	242	239	221	196	183	169	154	88	78	59	18	59	101	99	93	95	90	98	86	123	122	135	135	111	111	111	119	113
Impairment of Patents and Trademarks
57	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Software Development Cost
-	-	0	-	-	-	196	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (Gain) on Inventory Revaluation and Product Discontinuance
-	-	0	-	-	-	211	-	-	-	-1,151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on Inventory Revaluation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Patents and Trademarks
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-	-	-	-	-	-
Total Operating Expenses
5,419	5,256	5,290	5,221	6,389	5,912	5,463	6,724	5,528	5,522	5,430	3,550	4,174	-	-	-	3,456	-	-	-	3,866	-	-	-	1,341	-	-	-	1,107	-	-	-	1,309	-	1,447	-	1,825	1,843	1,678
Loss from Operations
-5,339	-9,625	-5,521	-5,069	-6,349	-5,611	-4,842	-6,054	-5,351	-5,825	-5,522	-3,979	-4,026	-6,285	-4,725	-3,829	-3,695	-3,211	-2,297	-2,144	-3,688	-1,845	-1,268	-925	-993	-1,642	-1,196	-1,107	-705	-1,266	-982	-1,007	-950	-2,911	-1,208	-623	-128	-1,062	-1,285
Other Income (Expense):
Investment Income
22	69	92	32	58	80	71	39	0	12	12	14	17	5	8	3	9	8	12	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and Other (Expense) Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	0	0	0	0	0	0	0	0
Other Taxes
17	20	26	10	52	10	17	1	28	-9	15	11	10	-1	19	13	20	9	30	2	11	27	9	25	21	47	24	3	13	-	-	-	-	-	-	-	-	-	-
Foreign Exchange Loss
-26	-7	-20	-8	-15	-23	-26	-5	-4	-34	-5	-26	1	-11	-13	-3	-3	-1	0	-4	5	0	-3	3	-3	-8	4	3	-13	-9	0	3	-4	-33	-0	-5	3	-15	-4
Loss on Asset Disposal
-	-	0	0	-	-	0	-56	-	-	-0	0	-	-	-25	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Derivative Valuation
-	-	0	0	-	0	21	-63	28	-30	41	-13	22	91	-59	-99	101	-	58	-23	-	-4,318	-1,698	1,248	2,575	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Term Debt Discounts and Deferred Issuance Costs
-	-	-	-	-	-	-	-	-	-0	0	29	145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Derivative Valuation (Note 8)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-259	280	14	0	0	0	0	-	-	-	-	-	-
Amortization of Senior Term Debt Discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	155	114	121	-	116	178	-	99	253	33	6	-639	592	37	9	-	6	6	0	-	0	62	62	-	-
Gain (Loss) on Derivative Valuation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,003	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Deferred Financing Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	11	11	-317	11	11	340	-	0	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense
-	-	0	0	-	0	2	6	9	10	12	24	40	30	33	33	33	25	40	37	51	35	66	25	38	-214	307	231	179	141	121	151	95	-156	106	234	214	106	91
Total Other Income (Expense)
-22	41	45	13	-10	48	45	-94	-14	-53	20	-90	-155	-49	-310	-273	-79	-297	-127	-258	-1,402	-4,473	-2,032	1,164	2,505	-4,053	-660	-548	-230	-158	-128	-154	-99	248	-106	-302	-272	-122	-95
Loss Before Provision for Income Taxes
-5,361	-9,583	-5,476	-5,055	-6,359	-5,563	-4,797	-6,148	-5,365	-5,879	-5,502	-4,070	-4,181	-6,334	-5,035	-4,103	-3,775	-	-2,424	-2,402	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss Before Provision for Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,090	-6,318	-3,301	239	1,511	-5,696	-1,856	-1,656	-936	-1,425	-1,110	-1,161	-1,050	-2,663	-1,314	-925	-401	-1,184	-1,381
Provision for Income Taxes
0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-28	5	5	17	4	5	-1	19	2	4
(Loss) from Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,396	-1,116	-1,167	-1,067	-	-1,320	-	-	-	-
Income (Loss) from Discontinued Operations (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	970	-223	-	-400	-	-	-	-
Gain on Disposal of Discontinued Operations (Note 5), net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65	-5,902	-	-	0	-	-	-	-
Net Loss
-5,361	-9,583	-5,476	-5,055	-6,359	-5,563	-4,797	-6,148	-5,365	-5,879	-5,502	-4,070	-4,181	-6,334	-5,035	-4,103	-3,775	-3,509	-2,424	-2,402	-5,090	-6,318	-3,301	239	1,511	-5,696	-1,856	-1,656	-936	-1,416	-1,181	3,764	-844	-1,611	-920	-927	-420	-1,186	-1,385
Preferred Stock Dividends
499	497	490	477	465	469	462	450	438	441	435	424	413	416	410	399	393	392	386	376	358	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss Attributable to Common Stockholders
-5,861	-10,081	-5,967	-5,533	-6,825	-6,032	-5,259	-6,598	-5,804	-6,321	-5,937	-4,494	-4,595	-6,751	-5,446	-4,503	-4,169	-3,901	-2,811	-2,778	-5,449	-6,318	-3,301	239	1,511	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.00	-	-	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.00	-	-	-	-
Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.32	-0.33	-0.30	-	-	-	-	-	-
Basic and Diluted Loss per Share
0.18	0.31	0.18	0.20	0.25	0.22	0.19	0.24	0.22	1.75	-0.28	-0.22	-0.23	2.09	-0.32	-0.28	-0.26	-0.22	-0.18	-0.17	-0.40	-	-0.31	-	-	-	-	-	-	-	-	-	-0.24	-	-	-	-0.00	-0.00	-0.00
Weighted-average Shares Outstanding - Basic and Diluted
33,128	33,227	32,968	27,602	27,595	27,602	27,504	27,326	26,296	22,527	21,366	20,446	19,714	18,178	17,216	16,137	16,102	16,205	15,934	15,934	13,561	-	10,556	-	-	-	7,191	-	-	-	-	-	3,536	-	-	-	-	-	-
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	0.15	-	-0.26	-0.47	-0.26	-	-0.33	1.06	-	-	-0.00	-0.00	-	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	0.13	-	-	-0.47	-0.26	-	-0.33	1.02	-	-	-0.00	-0.00	-	-	-
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,285	9,972	-	-	3,536	3,536	-	3,536	3,536	-	-	263,624	263,600	-	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,226	11,517	-	-	3,536	3,536	-	0	3,677	-	-	0	-	-	-	-
Weighted-average Shares Outstanding - Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	263,600	263,600	263,600
Products Sold
Total Sales
1,371	1,729	1,059	1,834	1,373	1,838	1,842	2,647	1,363	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Sales
1,426	1,699	1,360	1,941	1,333	1,645	1,267	1,977	1,182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of Engineering Services
Total Sales
160	-	99	350	-	140	80	0	180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Sales
25	-	29	92	-	33	35	0	184	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-