Vuzix Corp VUZI Income Statement

Vuzix corp (VUZI)

Income statement / TTM

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
6,828	6,670	6,697	7,462	7,923	8,094	7,519	6,921	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of Products
-	-	-	-	-	-	-	-	-	-	-	-	2,583	-	1,897	2,205	2,212	2,544	2,604	2,338	2,520	2,474	2,319	1,995	1,897	1,856	2,042	2,308	2,386	2,692	-455	-30	1,091	4,016	8,789	9,668	0	0	0
Sales of Engineering Services
-	-	-	-	-	-	-	-	-	-	-	-	390	-	152	231	92	205	448	408	522	557	478	475	550	532	446	598	470	536	155	215	771	809	1,579	1,373	0	0	0
Total Sales
-	-	-	-	-	-	-	-	-	-	-	-	2,974	-	2,049	2,437	2,304	2,749	3,053	2,747	3,042	3,032	2,797	2,471	2,448	2,389	2,489	2,906	2,857	3,228	-300	184	1,862	4,825	10,368	11,042	0	0	0
Cost of Sales:
Cost of Sales - Products
-	-	-	-	-	-	-	-	-	-	-	-	3,602	-	2,581	2,374	2,119	2,101	2,223	2,055	2,079	1,884	1,831	1,565	1,463	1,354	1,300	1,610	1,741	2,135	726	1,064	1,608	3,187	5,722	6,395	0	0	0
Cost of Sales - Engineering Services
-	-	-	-	-	-	-	-	-	-	-	-	147	-	44	75	36	82	173	157	203	217	188	185	231	227	193	252	186	205	38	144	381	426	852	700	0	0	0
Total Cost of Sales
11,196	11,078	6,437	6,349	6,292	6,326	6,547	6,741	6,519	6,214	5,495	4,817	3,749	3,290	2,625	2,450	2,155	2,183	2,396	2,212	2,282	2,101	2,020	1,750	1,694	1,582	1,494	1,862	1,927	2,341	764	1,209	1,990	3,614	6,575	7,095	0	0	0
Gross Profit (exclusive of depreciation shown separately below)
-4,367	-4,408	260	1,112	1,631	1,768	1,164	451	-648	-676	-934	-1,079	-775	-1,163	-575	-12	148	566	656	534	760	930	776	720	753	806	994	1,044	929	887	-1,064	-1,025	-127	1,210	3,793	3,947	0	0	0
Operating Expenses:
Research and Development
8,407	8,900	10,130	10,262	10,839	10,378	9,420	8,458	7,093	6,706	6,200	6,872	7,342	6,947	6,525	5,291	4,355	3,595	2,766	2,306	1,869	1,752	1,719	1,705	1,831	1,751	1,626	1,422	1,223	1,153	678	749	1,062	1,340	1,925	2,044	0	0	0
Selling and Marketing
3,950	4,215	3,793	3,984	4,706	4,822	5,000	4,942	4,198	3,694	3,517	3,447	3,299	3,394	3,243	2,873	2,566	1,798	1,447	1,314	1,225	1,232	1,292	1,150	1,181	1,091	1,058	1,147	1,145	1,225	1,324	1,376	1,497	1,647	1,735	1,918	0	0	0
General and Administrative
6,241	6,600	6,570	6,687	7,204	6,973	7,622	7,568	6,556	6,126	5,909	5,571	5,463	5,114	4,401	4,247	4,071	6,120	6,067	5,539	5,048	2,593	2,166	2,158	2,228	2,165	2,158	2,081	2,035	2,181	2,221	2,377	2,468	2,590	2,703	2,627	0	0	0
Depreciation and Amortization
2,531	2,441	2,319	2,068	1,755	1,469	1,210	1,084	1,032	998	955	900	841	770	703	595	490	380	244	216	239	279	354	390	379	377	371	399	431	468	517	504	493	468	452	455	0	0	0
Impairment of Patents and Trademarks
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Software Development Cost
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (Gain) on Inventory Revaluation and Product Discontinuance
-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on Inventory Revaluation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Patents and Trademarks
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Total Operating Expenses
21,188	22,158	22,813	22,986	24,489	23,629	23,239	23,205	20,031	18,677	0	0	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	0	-	0	0	0
Loss from Operations
-25,555	-26,566	-22,552	-21,874	-22,858	-21,860	-22,074	-22,754	-20,679	-19,354	-19,813	-19,016	-18,866	-18,535	-15,462	-13,034	-11,348	-11,341	-9,974	-8,946	-7,727	-5,032	-4,830	-4,757	-4,940	-4,652	-4,275	-4,062	-3,961	-4,206	-5,851	-6,078	-5,694	-4,871	-3,022	-3,099	0	0	0
Other Income (Expense):
Investment Income
216	252	263	242	250	191	123	65	40	58	51	46	35	26	29	33	30	20	12	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and Other (Expense) Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	1	1	1	0	0	0
Other Taxes
75	110	99	91	82	57	38	36	46	28	36	39	42	52	63	74	63	54	71	50	73	83	103	117	96	88	0	0	0	-	-	-	-	-	-	-	-	-	-
Foreign Exchange Loss
-63	-52	-68	-75	-71	-60	-71	-49	-70	-65	-42	-50	-28	-33	-22	-8	-9	-0	2	-1	6	-2	-12	-4	-4	-13	-14	-19	-19	-11	-35	-35	-44	-35	-17	-21	0	0	0
Loss on Asset Disposal
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Derivative Valuation
-	-	0	21	-	-13	-44	-24	25	20	142	41	-44	34	1	36	0	-	0	0	-	-2,194	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Term Debt Discounts and Deferred Issuance Costs
-	-	-	-	-	-	-	-	-	175	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Derivative Valuation (Note 8)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	294	14	0	0	0	0	-	-	-	-	-	-
Amortization of Senior Term Debt Discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	507	531	0	-	0	0	-	393	-345	-6	-3	0	0	0	0	-	0	0	0	-	0	0	0	-	-
Gain (Loss) on Derivative Valuation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Deferred Financing Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-282	-282	-282	46	364	355	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense
-	-	0	3	-	19	29	39	56	88	107	129	138	131	126	133	137	155	165	190	178	165	-84	156	362	503	860	674	594	509	211	196	279	398	662	647	0	0	0
Total Other Income (Expense)
77	89	96	96	-10	-14	-116	-141	-137	-278	-275	-606	-790	-714	-962	-779	-763	-2,086	-6,261	-8,166	-6,743	-2,836	-2,416	-1,044	-2,757	-5,493	-1,599	-1,066	-671	-541	-134	-112	-260	-433	-803	-793	0	0	0
Loss Before Provision for Income Taxes
-25,478	-26,476	-22,456	-21,777	-22,869	-21,875	-22,191	-22,895	-20,817	-19,633	-20,089	-19,622	-19,656	-19,250	-15,340	-12,706	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss Before Provision for Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,471	-7,868	-7,246	-5,802	-7,698	-10,146	-5,874	-5,128	-4,633	-4,747	-5,985	-6,190	-5,954	-5,305	-3,826	-3,892	0	0	0
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	-28	-22	-17	0	33	33	25	27	25	24	0	0	0
(Loss) from Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,747	-4,671	0	0	-	0	-	-	-	-
Income (Loss) from Discontinued Operations (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	747	347	0	0	-	0	-	-	-	-
Gain on Disposal of Discontinued Operations (Note 5), net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-
Net Loss
-25,478	-26,476	-22,456	-21,777	-22,869	-21,875	-22,191	-22,895	-20,817	-19,633	-20,089	-19,622	-19,656	-19,250	-16,424	-13,813	-12,112	-13,427	-16,236	-17,113	-14,471	-7,868	-7,246	-5,802	-7,698	-10,146	-5,865	-5,190	231	322	127	388	-4,303	-3,879	-3,455	-3,920	0	0	0
Preferred Stock Dividends
1,965	1,931	1,903	1,874	1,847	1,820	1,793	1,766	1,740	1,714	1,689	1,664	1,639	1,620	1,595	1,572	1,548	1,514	1,121	735	358	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss Attributable to Common Stockholders
-27,444	-28,408	-24,359	-23,652	-24,716	-23,695	-23,984	-24,662	-22,557	-21,348	-21,778	-21,286	-21,295	-20,870	-18,020	-15,385	-13,661	-14,941	-17,358	-17,848	-14,830	-7,868	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
5,995	5,997	6,106	6,889	7,702	7,692	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Sales
6,426	6,334	6,280	6,187	6,223	6,072	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of Engineering Services
Total Sales
0	-	591	572	-	402	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Sales
0	-	156	161	-	253	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-