Par HOOD 1Q2023 EARNINGS PRESENTATION MAY 10, 2023 (B) 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 ...

Start Time: 16:30 January 1, 0000 5:16 PM ET Vuzix Corporation (NASDAQ:VUZI) Q1 2023 Earnings Conference Call May 10, 2023, 16:30 PM ET Company Participants Paul Travers - President and CEO Grant Russell - EVP and CFO Ed McGregor - Director, IR Conference Call Participants Matt VanVliet - BTIG Jim McIlree - Dawson James Operator Greetings, and welcome to the Vuzix First Quarter ending March 31, 2023 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mo ...

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 March 31, 2023 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 organiza ...

Vuzix Corporation (NASDAQ:VUZI) Q4 2022 Results Conference Call March 1, 2022 4:30 PM ET Company Participants Ed McGregor - Director, IR Paul Travers - CEO Grant Russell - CFO Conference Call Participants Christian Schwab - Craig-Hallum Jack Vander Aarde - Maxim Group Jim McIlree - Dawson James Matt VanVliet - BTIG Operator Greetings, and welcome to the Vuzix Fourth Quarter and Full Year ending December 31, 2022, Financial Results and Business Update Conference Call. [Operator Instructions] As a reminder, t ...

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 For the fiscal year ended December 31, 2022 ☐ 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 of incorporation) (I.R.S. employer identification no.) ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2022 were $3.4 million, an increase of 14% compared to $3 million in Q3 2021 [33] - Gross profit for Q3 2022 was $0.9 million, representing a gross margin of 25%, up from a gross profit of $0.4 million and a margin of 13% in the prior year [36] - Net loss for Q3 2022 was $9.5 million or $0.15 per share, compared to a net loss of $10.5 million or $0.17 per share in Q3 2021 [38] Business Line Data and Key Metrics Changes - Sales of waveguides and display engines reached approximately $0.25 million, a new quarterly record [34] - Revenues from engineering services were also a record at $0.9 million, compared to none in the prior year's period [34] - Decreases in glass revenues were noted due to higher sales discounts for larger volume orders and negative foreign exchange impacts [35] Market Data and Key Metrics Changes - The outlook for warehousing and logistics remains strong, with a Fortune 100 customer placing multiple orders for Smart Glasses [14] - Vuzix Smart Glasses have been deployed in distribution centers of several large retail customers, with expectations for further expansion [15] - In healthcare, major independent software vendors continue to expand the global availability of Vuzix-powered surgical solutions [16] Company Strategy and Development Direction - The company is expanding its waveguide manufacturing capabilities and has entered into a lease for new manufacturing space [11] - Vuzix completed the acquisition of Moviynt, a revenue-generating SaaS solution provider, to broaden its go-to-market strategy [12] - The company is focused on becoming a high-volume, cost-competitive provider of waveguides and display engines for consumer electronics [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2023, anticipating significant deployments across various sectors [45] - The company expects to see sequential revenue growth in Smart Glasses products and solutions in Q4 2022 [17] - Management noted that while the OEM business may be lumpy, there are numerous programs expected to come online in 2023 [53] Other Important Information - The company has no current or long-term debt obligations outstanding, maintaining a strong cash position of $90.4 million as of September 30, 2022 [38] - Vuzix plans to unveil new products at the Consumer Electronics Show in Las Vegas, indicating ongoing innovation [41] Q&A Session Summary Question: Thoughts on distribution and warehousing channel amid macro headwinds - Management believes Vuzix products enhance efficiency in distribution channels, making them valuable despite labor challenges [45] Question: Mix of OEM business versus Smart Glasses sales in the long term - Management indicated that OEM business could represent significant revenue, with potential for millions of units sold [48] Question: Clarification on OEM revenue and growth expectations - Management acknowledged that OEM revenue can be lumpy but expects consistent growth in 2023 with multiple programs coming online [53] Question: Timing of waveguide opportunities - Management expects some revenue from waveguides in 2023, with broader market growth anticipated in 2024 [56] Question: Timeline for OEM opportunities from early conversations to sale - The timeline varies, with some projects taking 12 to 18 months to reach production, while others may take longer [62]

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, 2022 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 orga ...

Vuzix Corporation (NASDAQ:VUZI) Q2 2022 Earnings Conference Call August 9, 2022 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 Matt VanVliet - BTIG Tyler Burmeister - Craig-Hallum Jim McIlree - Dawson James Operator Greetings, and welcome to the Vuzix Second Quarter ending June 30, 2022 Financial Results and Business Update Conference Call. At this time, all participants ...

Par HOOD 2Q2022 EARNINGS PRESENTATION AUGUST 9, 2022 (R) 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 therefor ...

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, 2022 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 ...