Form 8-K

8-K — Vuzix Corp

Accession: 0001104659-26-062752

Filed: 2026-05-15

Period: 2026-05-14

CIK: 0001463972

SIC: 3663 (RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)

May 14, 2026

VUZIX CORPORATION

(Exact name of registrant as specified in

its charter)

Delaware

(State or other jurisdiction of incorporation)

001-35955

04-3392453

(Commission File Number)

(IRS Employer Identification No.)

25 Hendrix Road, Suite A

West

Henrietta, New York 14586

(Address of principal executive offices)(Zipcode)

(585) 359-5900

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed

Since Last Report)

Check the appropriate box below if the

Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol(s)

Name of each exchange on which

registered:

Common Stock, par value $0.001

VUZI

Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR

§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations

and Financial Condition.

On May 14, 2026, Vuzix Corporation

(the “Company”) issued a press release announcing the Company’s financial results for the period ended March 31,

2026. The press release is attached hereto as Exhibit 99.1.

In accordance with General Instruction

B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be

deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange

Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement

or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific

reference in such filing.

Item 9.01 Financial Statements

and Exhibits.

(d) Exhibits

99.1 Press Release

104 Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

Pursuant to

the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the

undersigned hereunto duly authorized.

Date: May 15, 2026

VUZIX CORPORATION

By:

/s/ Grant Russell

Grant Russell

Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2614788d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

Press

Release

Vuzix Reports

First Quarter 2026 Results

ROCHESTER, N.Y.,

May 14, 2026 - Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"),

a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today reported its first quarter

results for the three months ended March 31, 2026.

“Q1 2026

marked an important step in Vuzix’ transition toward a broader technology and solutions model,” said Paul Travers, President

and Chief Executive Officer of Vuzix. “Our branded enterprise smart glasses business continues to generate revenue, customer insight

and market credibility, while our growing focus on OEM smart glasses solutions, waveguides and display systems is expanding the role

Vuzix can play across the smart glasses ecosystem. During the quarter, we continued expanding our plant floor manufacturing capacity

to better support the increasing number of OEM, defense, and waveguide development programs now moving through the Company. These ongoing

upgrades are designed to improve throughput, reduce development cycle times, minimize manufacturing changeovers, and allow Vuzix to manage

multiple advanced programs simultaneously as a broader set of opportunities move toward production.”

The

following table compares condensed elements of the Company’s unaudited summarized Consolidated Statements of Operations data for

the three months ended March 31, 2026 and 2025, respectively:

For Three

Months Ended March 31

($000s

except per share amounts)

2026

2025

Sales:

Sales of Products

$ 1,042

$ 1,324

Sales of Engineering Services

349

257

Total Sales

1,391

1,581

Total Cost of Sales

1,769

1,846

Gross Loss

(378 )

(265 )

Operating Expenses:

Research and Development

3,028

2,606

Selling and Marketing

1,551

1,537

General and Administrative

2,134

3,961

Depreciation and Amortization

115

405

Loss from Operations

(7,206 )

(8,774 )

Total Other Income

135

137

Net Loss

(7,071 )

(8,637 )

Preferred Stock Dividends

(38 )

Loss Attributable to Common

Shareholders

$ (7,108 )

$ (8,637 )

Loss per Share

$ (0.09 )

$ (0.11 )

First Quarter

2026 Financial Results

For

the three months ended March 31, 2026, total revenues decreased by 12% to $1.4 million versus $1.6 million for the comparable period

in 2025. The decrease in total revenues was due to lower product sales and specifically reduced unit sales of M400 smart glasses. Engineering

services revenues for the three months ended March 31, 2026 was relatively flat at $0.3 million versus the prior year’s comparable

quarter.

There

was an overall gross loss of $0.4 million for the three months ended March 31, 2026 as compared to a gross loss of $0.3 million

for the comparable 2025 period. The increased gross loss was primarily due to lower total sales as compared to the comparable 2025 period.

Research

and Development expense was $3.0 million for the three months ended March 31, 2026 versus $2.6 million for the comparable 2025 period,

an increase of approximately 16%. This increase was largely due to higher wage costs due to headcount increases and higher depreciation

expense related to new manufacturing equipment currently being used primarily for R&D purposes.

Selling

and Marketing expense was relatively flat at approximately $1.5 million for the three months ended March 31, 2026 and 2025.

General

and Administrative expense for the three months ended March 31, 2025 was $2.1 million versus $4.0 million for the comparable 2025

period, a decrease of approximately 46%. This decrease was largely due to a $1.7 million decline in non-cash stock-based compensation

expense.

For the first quarter

ended March 31, 2026, the net loss attributable to common shareholders was $7.1 million or $0.09 per share as compared to a loss

of $8.6 million or $0.11 per share for the first quarter of 2025.

The

cash net flows used in operating activities was $5.6M for the first quarter of 2026 versus $3.5M for the comparable 2025 period.

Management Outlook

“As

we move through 2026, our focus remains on building a broader and more diversified business across ODM/OEM custom smart glasses programs,

defense and government agency initiatives, waveguide development and display system relationships,” said Mr. Travers. “We

believe defense and security-related opportunities are becoming an increasingly important part of the strategic landscape for Vuzix,

where our U.S.-based waveguide design and manufacturing capabilities can be a meaningful differentiator. Our branded products will continue

to play an important role by supporting customer engagement, validating use cases and enabling broader ecosystem relationships. At the

same time, advances in hardware, AI and platform ecosystems continue to support the evolution of the smart glasses market, and Vuzix

intends to continue investing in waveguide innovation and strategic relationships positioned to capitalize on these opportunities.”

Conference Call

Information

Date: Thursday, May 14, 2026

Time: 4:30 p.m. Eastern Time (ET)

Dial-in Number for U.S. & Canadian

Callers: 877-709-8150

Dial-in Number for International Callers

(Outside of the U.S. & Canada): 201-689-8354

live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: https://ir.vuzix.com/

or directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=tZ7IrUr9

Participating on

the call will be Vuzix’ Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together

will discuss operational and financial highlights for the quarter ended March 31, 2026.

To join the live

conference call, please dial into the above referenced telephone numbers five to ten minutes prior to the scheduled conference call time.

A telephonic replay

will be available for 30 days, starting on May 14, 2026, at approximately 5:30 p.m. (ET). To access this replay, please dial

877-660-6853 within the U.S. or Canada, or 201-612-7415 for international callers. The conference replay ID# is 13760398.

About Vuzix

Corporation

Vuzix

is a leading designer, manufacturer and marketer of AI-powered smart glasses, waveguides and augmented reality technologies, components

and products for the enterprise, medical, defense, security, and consumer markets. The Company’s products include head-mounted

smart personal displays and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions

for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more

than 500 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and augmented reality.

The Company has won over 20 Consumer Electronics Show (or CES) awards for innovation since 2005 and several wireless technology innovation

awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama,

Japan. For more information, visit the Vuzix website, X and Facebook pages.

Forward-Looking

Statements Disclaimer

Certain statements

contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act

of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to, among other things,

the timing of new product releases, opportunities related to market disruptions such as AI regarding smart glasses demand, R&D project

successes, existing and new engineering services and conversion to volume production OEM programs, future revenue and operating results,

and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes,"

"may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue

reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release.

The Company's actual results could differ materially due to risk factors and other items described in more detail in the Company's Annual

Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies

of which may be obtained at www.sec.gov or www.sedar.com). Subsequent events and developments may cause these forward-looking

statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements

as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

Investor Relations Contact

Ed McGregor, Director of Investor Relations

Vuzix Corporation

ed_mcgregor@vuzix.com

Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road,

West Henrietta, NY 14586 USA,

Investor Information – IR@vuzix.com

www.vuzix.com

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