Vuzix Corporation, a leading supplier of smart glasses and Augmented Reality technologies, announced its financial results for the first quarter of 2025. The company reported a 21% decrease in total revenues, which amounted to $1.6 million, down from $2.0 million during the same period in 2024. This decline was primarily attributed to reduced unit sales of M400 smart glasses. Despite the decrease in product sales, engineering services revenues increased to $0.3 million, compared to $0.2 million in the previous year's quarter. The company also reported a gross loss of $0.3 million for the three months ended March 31, 2025, which marks an increase from the gross loss of $0.1 million recorded during the same period in 2024. This was largely due to the planned reduction in product manufacturing builds of existing smart glasses models. Vuzix remains optimistic about its commercial momentum, citing significant developments in commercial and technology relationships, as well as the expansion of customer deployments. The company anticipates that follow-on orders for smart glasses will help reduce existing inventory and facilitate the introduction of next-generation products, which are currently in development. Additionally, Vuzix is pleased with its growing commercial relationships with partners such as Quanta and other key original design manufacturers (ODMs) and original equipment manufacturers (OEMs), which include commitments for both capital and commercial collaborations.