Nine Months ended September 30, 2014 • For the nine months ended September 30, 2014, Vuzix reported revenues of $2,186,262, a 23% increase compared to $1,778,195 for the same period in 2013. The increase was attributable to growing sales of the Company’s M100 Smart Glass products. • For the nine months ended September 30, 2014, we incurred a Loss from Operations of $3,187,301 versus $3,009,564 for the same period in 2013. • For the nine month period ended September 30, 2014, we reported a mark-to-market derivative liability revaluation gain of $2,124,878 versus a revaluation loss of $35,122 for the same period in 2013. • Net loss for the first nine months of 2014 was $1,550,305 or $0.15 per share versus a net loss of $4,449,734 or $0.93 loss per share for the same period in 2013. |