SMSL VMV D1se for Speaker or Headphones or Both?

I saw this DAC and it looks pretty great. However I am unclear if this is intended for speaker use or can be used easily with headphones as well.

it can be used with either. they also have a speaker amp with same looks as part of the same line.

For the money I would get this one

Apart from the fact that it is better made, it also delivers and shines on the hi-fi system and can be used with headphones.

I have the 2nd generation model at home for hi-fi systems, it’s great, but they were a bit asleep on the headphone amplification.

They have improved that with the 3rd generation.