Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsLatest reported free cash flow was -$21M.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$21M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
- 4 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +9.1% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin improved
Operating margin changed +767.9 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Single Reportable Segment$6.28M100.0%+9.1% yoy
Members sum to the consolidated $6.28M for this period.
- Product$4.68M74.5%+4.2% yoy
- Engineering Services$1.6M25.5%+26.6% yoy
Members sum to the consolidated $6.28M for this period.
- Single Reportable Segment$1.11M100.0%-14.1% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 808 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $6M | 9thof 3,247 bottom third | 8thof 769 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 9.1% | 59thof 3,083 middle third | 51stof 735 middle third |
Gross margin gross profit ÷ revenue | -16.9% | 2ndof 1,585 bottom third | 2ndof 552 bottom third |
Operating margin operating income ÷ revenue | -517.6% | 8thof 2,777 bottom third | 5thof 742 bottom third |
Net margin net income ÷ revenue | -513.9% | 8thof 3,212 bottom third | 5thof 761 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -331.2% | 7thof 2,640 bottom third | 4thof 692 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -130.8% | 9thof 3,520 bottom third | 8thof 713 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 84.9% | 7thof 2,852 bottom third | 5thof 719 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 95 days | 13thof 2,373 bottom third | 18thof 706 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -33.9% | 93rdof 3,845 top third | 91stof 769 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -34.2% | 85thof 3,301 top third | 86thof 678 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 26 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Gross profit GrossProfit | quarter 2020-03-31 | $80.5K 10-Q 2020-05-11 | -$252K 10-K 2023-03-01 | -413.0% | first · latest · 6 filings carry it |
| Stock-based compensation ShareBasedCompensation | quarter 2021-03-31 | $2.11M 10-Q 2021-05-10 | $4.62M 10-K/A 2022-10-25 | +119.3% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2021-12-31 | $209K 10-K 2022-03-02 | -$12K 10-K 2024-04-15 | -105.7% | first · latest · 4 filings carry it |
| Gross profit GrossProfit | quarter 2020-09-30 | $348K 10-Q 2020-11-09 | $16K 10-K 2023-03-01 | -95.4% | first · latest · 6 filings carry it |
| Gross profit GrossProfit | fiscal year 2020-12-31 | $1.93M 10-K 2021-03-15 | $598K 10-K 2023-03-01 | -69.0% | first · latest · 4 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2020-12-31 | $2.46M 10-K 2021-03-15 | $1.13M 10-K 2023-03-01 | -54.1% | first · latest · 4 filings carry it |
| Gross profit GrossProfit | quarter 2020-12-31 | $703K 10-K 2021-03-15 | $371K 10-K 2023-03-01 | -47.2% | first · latest · 4 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2021-12-31 | $1.87M 10-K 2022-03-02 | $988K 10-K 2024-04-15 | -47.2% | first · latest · 4 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2021-09-30 | $434K 10-Q 2021-11-08 | $247K 10-Q 2022-11-09 | -43.1% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2020-06-30 | $796K 10-Q 2020-08-10 | $464K 10-K 2023-03-01 | -41.7% | first · latest · 6 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2022-03-31 | $423K 10-Q 2022-05-10 | $259K 10-Q 2023-05-10 | -38.7% | first · latest |
| Gross profit GrossProfit | quarter 2022-06-30 | $426K 10-Q 2022-08-09 | $262K 10-K 2025-03-13 | -38.5% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$6.57M 10-Q 2021-05-10 | -$9.09M 10-K/A 2022-10-25 | -38.2% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2021-06-30 | $579K 10-Q 2021-08-09 | $359K 10-K 2024-04-15 | -38.0% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$6.64M 10-Q 2021-05-10 | -$9.15M 10-K 2024-04-15 | -37.8% | first · latest · 6 filings carry it |
| Gross profit GrossProfit | quarter 2021-09-30 | $583K 10-Q 2021-11-08 | $363K 10-K 2024-04-15 | -37.8% | first · latest · 6 filings carry it |
| Gross profit GrossProfit | fiscal year 2021-12-31 | $2.45M 10-K 2022-03-02 | $1.57M 10-K 2024-04-15 | -36.0% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-09-30 | -$7.83M 10-Q 2021-11-08 | -$10.4M 10-Q 2022-11-09 | -32.5% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-09-30 | -$7.95M 10-Q 2021-11-08 | -$10.5M 10-K 2024-04-15 | -32.0% | first · latest · 6 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2022-06-30 | $540K 10-Q 2022-08-09 | $380K 10-Q 2023-08-08 | -29.7% | first · latest |
| Gross profit GrossProfit | quarter 2022-03-31 | $639K 10-Q 2022-05-10 | $479K 10-K 2025-03-13 | -25.1% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | quarter 2021-03-31 | $1.08M 10-Q 2021-05-10 | $860K 10-K 2024-04-15 | -20.3% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | -$8.74M 10-Q 2021-08-09 | -$9.21M 10-K/A 2022-10-25 | -5.3% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$8.78M 10-Q 2021-08-09 | -$9.24M 10-K 2024-04-15 | -5.3% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-12-31 | $117M 10-K 2023-03-01 | $115M 10-K 2026-03-12 | -1.1% | first · latest · 10 filings carry it |
| Total assets Assets | balance at 2022-12-31 | $132M 10-K 2023-03-01 | $131M 10-K 2024-04-15 | -0.9% | first · latest · 5 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for VUZI yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.