Vuzix Q1 FY26 net loss narrows 18% to $7.07 million; net sales fall 12% to $1.39 million

• Vuzix posted a net loss of USD 7.07 million for the quarter ended March 31, 2026, narrowing 18% from the year-earlier period.
• Net sales fell 12% to USD 1.39 million, as product sales dropped 21% to USD 1.04 million.
• Gross loss widened to USD 377,911 from USD 265,118, with gross loss margin worsening 10 percentage points to 27%.
• Cash and cash equivalents slipped to USD 20.17 million at March 31, 2026, while cash used in operating activities increased to USD 5.56 million.
• Management said it plans to preserve cash by delaying or curtailing discretionary spending, while targeting profit contribution from future waveguide volume manufacturing and pursuing waveguide licensing deals that could include upfront fees and supply agreements.

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