Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-35955 VUZIX CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-3392453 State or other jurisdiction of incorporation or organizat ...

MAY 10, 2021 1Q2021 EARNINGS PRESENTATION 1 Cautionary Note Regarding Forward Looking Statements Certain statements included in this presentation may be considered forward-looking. All statements in this presentation that are not historical facts are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, and therefore these stateme ...

Vuzix Corporation (NASDAQ:VUZI) Q1 2021 Earnings Conference Call May 10, 2021 4:30 PM ET Company Participants Ed McGregor - Director of IR Paul Travers - CEO Grant Russell - CFO Conference Call Participants Christian Schwab - Craig-Hallum Capital Group Rachel Freeman - BTIG Jim McElroy - Dawson James Jack Vander Aarde - Maxim Group Operator Greetings and welcome to the Vuzix's First Quarter ending March 31, 2021 Financial Results and Business Update Conference Call. At this time all participants are in a li ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Table of Contents FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-35955 (I.R.S. Employer Identification No.) VUZIX CORPORATION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 25 Hendrix Road, Suite A West Henrietta, New York 14586 (Address of principal executive offices) ...

Vuzix Corporation (NASDAQ:VUZI) Q4 2020 Earnings Conference Call March 15, 2021 4:30 PM ET Company Participants Ed McGregor - Director, Investor Relations Paul Travers - Chief Executive Officer Grant Russell - Chief Financial Officer Conference Call Participants Matt VanVliet - BTIG Christian Schwab - Craig-Hallum Capital Group Jim McIlree - Bradley Woods Jack Vander Aarde - Maxim Group Operator Greetings and welcome to the Vuzix Fourth Quarter and Full Year ending December 31, 2020 Financial Results and Bu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ø For the fiscal vear ended December 31, 2020 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-35955 Vuzix Corporation ( Exact name of registrant as specified in its charter ) 04-3392453 (I.R.S. emplover identification no.) 14586 (Zip code) (585) 359-5900 (Re ...

Vuzix Corporation (NASDAQ:VUZI) Q3 2020 Earnings Conference Call November 9, 2020 4:30 PM ET Company Participants Ed McGregor - Director of Investor Relations Paul Travers - Chief Executive Officer Grant Russell - Chief Financial Officer Conference Call Participants Christian Schwab - Craig-Hallum Capital Group Jack Aarde - Maxim Group Jim McIlree - Bradley Woods Operator Greetings and welcome to the Vuzix Third Quarter 2020 Financial Results and Business Update Conference Call. At this time, all participan ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-35955 VUZIX CORPORATION (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant has submitted electronical ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2020 increased by $0.8 million to $3 million compared to the same period in 2019, driven by higher sales of non-OEM smart glass products, which rose 183% year-over-year [32][34] - Gross profit for Q2 2020 was $0.8 million, up from $0.2 million in Q2 2019, attributed to improved product gross margins and stronger margins on engineering services [34] - The net loss attributable to common stockholders for Q2 2020 was $4.2 million, an improvement from a net loss of $5.1 million in Q2 2019, resulting in a net loss of $0.13 per share compared to $0.20 per share in the prior year [38] Business Line Data and Key Metrics Changes - Vuzix Smart Glasses revenues reached a record $2.3 million in Q2 2020, representing a year-over-year increase of 183% compared to Q2 2019 [7][8] - Engineering services revenues for Q2 2020 were $0.7 million, up from $0.4 million in the prior year's period [34] - Sales of OEM products were nil for Q2 2020, compared to just under $1 million in the same period in 2019 [32] Market Data and Key Metrics Changes - The U.S. remains the primary market for Vuzix, followed by Europe, with Asia, particularly Japan, showing significant growth, now representing over 20% of sales [60] - The COVID-19 pandemic has accelerated the adoption of smart glasses across various sectors, including field service, telehealth, and healthcare [10][18] Company Strategy and Development Direction - The company is focusing on expanding its customer base and increasing the adoption of smart glasses as part of the new normal in business operations due to COVID-19 [9][10] - A partnership with ProGlove aims to enhance efficiency and safety in industries such as retail and logistics, potentially increasing customer reach [17] - The development of the M4000 smart glasses is expected to complement the existing M400 model, providing additional options for enterprise customers [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth in Q3 2020, with revenues outpacing Q2 sales rates [42] - The pandemic has created a shift in urgency for businesses to deploy smart glasses, which are seen as safer and more efficient alternatives to traditional methods [11][12] - The company anticipates that the adoption of smart glasses will expand further as businesses return to normal operations [42] Other Important Information - The company has a cash position of $13.2 million as of June 30, 2020, with net working capital totaling $20.1 million [39] - Vuzix has regulatory approvals to ship the M400 into China, which is expected to drive significant sales growth in the region [20] Q&A Session Summary Question: Growth commentary for Q2 - Management confirmed that growth commentary applies to both year-over-year and sequential growth [45] Question: Avionics opportunity potential - Management indicated that the avionics opportunity could be significant, with potential ASPs greater than $1,500 to $2,000 [46][47] Question: Expectations for Verizon and defense contractor contributions - Management expects significant revenue contributions from both Verizon and defense contractor programs in 2021 [49][50] Question: International sales distribution - The U.S. remains the largest market, followed by Europe, with Asia, particularly Japan, growing rapidly [60] Question: Cost of sales improvements - Management believes there is still room for improvement in cost of sales as volumes increase [61] Question: Status of the upgraded Blade - The upgraded Blade is expected to address a broader customer set and has received positive feedback [65] Question: Q3 sales pace - Management confirmed that Q3 sales are currently outpacing Q2 sales [68][69] Question: Aerospace customer relationship status - The relationship with the Tier 1 aerospace customer is progressing, with negotiations for a supply agreement underway [72][73] Question: Engineering services revenue expectations - Engineering revenues are expected to be lumpy, with new programs potentially contributing in Q3 [80] Question: Delayed projects coming back online - Some projects that were on hold due to COVID-19 are starting to resume, particularly those that align with business continuity needs [82]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-35955 VUZIX CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-3392453 State or other jurisdiction of incorporation or organizat ...