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:
VUZI'
s Gross Margin % Range Over the Past 10 Years
Min: -76.77 Med: 8.54 Max: 30.67
Current: -76.77
During the past 13 years, the highestGross Margin % of Vuzix was 30.67%. The lowest was -76.77%. And the median was 8.54%.
VUZI's Gross Margin % is ranked worse than 99.42% of 2422
companies
in the Hardware industry
Industry Median: 24.725
vs VUZI: -76.77
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.
Vuzix Gross Margin % Historical Data
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.
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.
Vuzix's Gross Margin % Distribution in the Hardware Industry
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.
* 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.
Vuzix Gross Margin % Related Terms
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.
Vuzix Corp is engaged in the design, manufacturing, marketing, and selling of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. Its products include head-mounted (or HMDs or heads-up displays or HUDs) smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as OEM waveguide optical components and display engines. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, Netherlands, and other countries.
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