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Gross Margin % is calculated as gross profit divided by its revenue. Vuzix's Gross Profit for the three months ended in Jun. 2024 was $-0.33 Mil. Vuzix's Revenue for the three months ended in Jun. 2024 was $1.09 Mil. Therefore, Vuzix's Gross Margin % for the quarter that ended in Jun. 2024 was -30.47%.
The historical rank and industry rank for Vuzix's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Vuzix was 30.67%. The lowest was -76.77%. And the median was 8.54%.
Vuzix had a gross margin of -30.47% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Vuzix was 0.00% per year.
The historical data trend for Vuzix's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Vuzix Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | -66.08 | 5.16 | 11.91 | 12.53 | -21.72 |
Vuzix Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Gross Margin % | Get a 7-Day Free Trial | 20.72 | -10.92 | -397.94 | -2.64 | -30.47 |
For the Consumer Electronics subindustry, Vuzix's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Hardware industry and Technology sector, Vuzix's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Vuzix's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Vuzix's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as
Gross Margin % (A: Dec. 2023 ) | = | Gross Profit (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | -2.6 | / | 12.129 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (12.129 - 14.764) | / | 12.129 | |
= | -21.72 % |
Vuzix's Gross Margin for the quarter that ended in Jun. 2024 is calculated as
Gross Margin % (Q: Jun. 2024 ) | = | Gross Profit (Q: Jun. 2024 ) | / | Revenue (Q: Jun. 2024 ) |
= | -0.3 | / | 1.093 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (1.093 - 1.426) | / | 1.093 | |
= | -30.47 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Vuzix (NAS:VUZI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Vuzix had a gross margin of -30.47% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of Vuzix's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy Heydenreich Harned | director | 71 MAUGUS AVENUE, WELLESLEY MA 02481 |
Paul J Travers | director, officer: President and CEO | 75 TOWN CENTRE DR, ROCHESTER NY 14623 |
Kay Edward William Jr. | director | 55 MITCHELL ROAD, PITTSFORD NY 14534 |
Peter Hamilton Jameson | officer: Chief Operating Officer | 5 CHIPMUNK TRL, PITTSFORD NY 14534 |
Raj Rajgopal | director | C/O VIRTUSA CORPORATION, 2000 WEST PARK DRIVE, WESTBOROUGH MA 01581 |
Grant Russell | director, officer: CFO and Executive VP | VUZIX CORPORATION, 75 TOWN CENTRE DR, ROCHESTER NY 14623 |
Emily Nagle Green | director | CASELLA WASTE SYSTEMS, 25 GREENS HILL LANE, RUTLAND VT 05701 |
Azita Arvani | director | 1522 LOMA DRIVE, HERMOSA BEACH CA 90254 |
Intel Corp | 10 percent owner | 2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054 |
Alexander Ruckdaeschel | director | 123 EAST 83RD STREET, APT 3-B, NEW YORK NY 10028 |
Paul A Boris | director, officer: Chief Operating Officer | 2561 VERONICA DRIVE, CHESTER SPRINGS PA 19425 |
William Lee | director | 75 TOWN CENTRE DR, C/O VUZIX CORPORATION, ROCHESTER NY 14623 |
Michael Dennis Scott | director | 1211 21ST STREET, HERMOSA BEACH CA 90254 |
Michael Edwards Mccrackan | officer: Vice President of Operations | 38 TURNING LEAF DRIVE, PITTSFORD NY 14534 |
Cecin Jose A Jr | director | C/O MOBILE SATELLITE VENTURES LP, 10802 PARKRIDGE BLVD, RESTON VA 20191 |
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