LUCY

First Quarter Revenue Increased 70% Year Over Year MIAMI, May 14, 2026 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), ("Innovative Eyewear" or the "Company") the developer of smart eyewear under the Lucydﾮ, Lucyd Armorﾮ, Reebokﾮ, Nauticaﾮ, and Eddie Bauerﾮ brands, today announced its unaudited financial results for the quarter ended March 31, 2026. Net revenue for the three months ended March 31, 2026 (the "current quarter") was $773,561, an increase of $319,060 or 70% from the three months ended March 31, 2025. The first quarter of 2026 marks the 11th consecutive quarter of year-over-year revenue growth. This top-line revenue growth was primarily driven by volume increases from sales of the Company's highly successful Lucyd Armorﾮ smart safety glasses, which represented approximately two-thirds of the Company's total smartglass units sold in the current quarter. The volume increases from Lucyd Armorﾮ were partially offset by lower volumes in certain of the Company's other smartglass product lines, reflecting a strategic realignment of the Company's product mix. Specifically, the Company is intentionally shifting sales volume toward the higher-ROI Lucyd Armorﾮ safety category; sunsetting certain prior-generation collections to make room for the recently launched Reebokﾮ Powered by Lucyd optical collection for the wholesale channel; and the typical seasonal softness in the sports category during the winter months. In total, however, the year-over-year growth in revenue of 70% represents an acceleration from the full-year 2025 growth rate of approximately 63% and reflects continued positive momentum across the Company's smart eyewear portfolio. The Company also recognized $62,397 of other non-operating income during the current quarter, compared to $125,088 in the prior year quarter. These amounts were primarily comprised of dividends from investments in money market funds and interest income from investments in U.S. Treasury bills. The year-over-year decrease in such amounts was primarily due to lower dividend yields and interest rates in the current market and macroeconomic environment. The Company aims to continue its revenue growth momentum supported by the following commercial initiatives currently in progress: The Company is in the process of listing Lucyd Armorﾮ for sale online with a major national retailer. The Company is beginning a...

Revenue Increases Approximately 78% Year-Over-Year MIAMI, April 22, 2026 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer & manufacturer of smart eyewear under the Lucydﾮ, Lucyd Armorﾮ, Reebokﾮ, Nauticaﾮ, and Eddie Bauerﾮ brands, is pleased to announce its preliminary unaudited sales results for the first quarter ended March 31, 2026. The Company achieved preliminary Q1 2026 sales of approximately $0.81 million, an increase of approximately 78% over Q1 2025. This marks the highest first-quarter revenue in the Company's history and extends its progress of year-over-year quarterly revenue growth to eleven consecutive quarters. The Q1 2026 growth rate represents an acceleration from the full-year 2025 growth rate of approximately 63%, and reflects continued positive momentum across the Company's smart eyewear portfolio. Lucyd Armorﾮ, the Company's most popular product line, was recently named a recipient of the 2026 Red Dot Design Award, and the NHPA Retailer's Choice Award. According to a recent analysis, Lucyd Armor holds approximately 44% market share of smart safety glasses on Amazon.com, and to the Company's knowledge, remains the only smart safety glass on the platform with full safety certification in the US, Canada, and the European Union. Further, management believes the Company has now built a diverse product mix, multiple distribution channels, and the international footprint necessary to build on its position as an industry value leader in smart eyewear. Alongside its steady e-commerce growth, the Company is in discussions with several retailers to introduce Lucyd Armor and Reebok Powered by Lucyd products into stores across the US and Canada in 2026. This includes big box stores, traditional optical chains, and hardware and automotive chains. Additionally, several leading industrial and logistics companies are testing Lucyd products for workforce use, including DHL, Do It Best / True Value, and Thermo King. The Company has also launched a new white label offering at the last Vision Expo, to enable retailers and legacy eyewear brands to quickly introduce smart eyewear products in partnership with Innovative Eyewear. The Company already has an affirmative commitment for a white label line of smart safety glasses. Preliminary Q1 2026 results also reflect improved gross margins, with...

Revenue increased 63% over prior year Gross Profit Margins increased by 8 percentage points despite tariff headwinds MIAMI, March 25, 2026 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), the developer of smart eyewear under the Lucydﾮ, Lucyd Armorﾮ, Reebokﾮ, Nauticaﾮ, and Eddie Bauerﾮ brands, today announced its full year 2025 financial results. Net revenue for the year ended December 31, 2025 was approximately $2.67 million, an increase of $1.03 million or 63% from the year ended December 31, 2024. This strong year-over-year revenue growth was primarily driven by volume increases from sales of the Company's highly successful Lucyd Armorﾮ smart safety glasses (first launched in October 2024), which represented approximately half of the Company's total smartglass units sold in the current year. The cobranded Reebokﾮ Powered by Lucyd collection, which launched in April 2025, also contributed to the year-over-year volume increases. Total net revenue for the fourth quarter of 2025 was approximately $0.96 million, representing the highest quarterly sales amount since the Company's inception. Gross profit margin for 2025 was 21%, compared to 13% for 2024. This improvement in gross profit margin was primarily attributable to lower product sourcing costs for both frames and prescription lenses as the Company continues to scale and develop its business. These improvements were partially offset by the negative impacts of tariffs during the current year, as well as provisions for certain excess, obsolete, and slow-moving inventory. Although tariffs had a negative impact on current year margins, various actions taken by management to help mitigate the impact of tariffs have generally been successful thus far, and by the end of 2025 had largely restored gross profit margins to a level consistent with the Company's pre-tariff business plan expectations. Management continues to monitor international trade policy and develop contingency sourcing options should tariff and international trade conditions materially change. Total operating expenses in 2025 were approximately $9.06 million, an increase of $0.92 million or 11% from 2024. This increase was primarily driven by higher general administrative expenses, which increased by approximately $0.75 million year-over-year primarily due to the combination of higher employee compensation costs as the Company has...

MIAMI, March 10, 2026 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer & manufacturer of smart eyewear under the Lucydﾮ, Lucyd Armorﾮ, Reebokﾮ, Nauticaﾮ, and Eddie Bauerﾮ brands, today announced its upcoming earnings conference call to share the Company's key operational and financial results for the fiscal year ended December 31, 2025. Earnings Call Details Date: Tuesday, March 31, 2026 Time: 12:00 PM ET Participant Listening Options Interested participants can join the event by using the dial-in numbers, or by clicking the link to join, provided below, for instant access to the call. U.S. Domestic: 1-800-717-1738 International: 1-646-307-1865 Link to Join: https://emportal.ink/3YW2tPL Event Replay Options A replay of Innovative Eyewear's earnings conference call will also be made available 3 hours following the conclusion of the call, accessible until Tuesday, April 14, 2026, at 11:59 PM ET. For anyone unable to attend the live event that would like to access the event replay, please dial the numbers and provide the access ID outlined below. Replay Dial-In: 1-844-512-2921 or 1-412-317-6671 Access ID: 1117463 About Innovative Eyewear, Inc. Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT enabled smart eyewear, under the Lucydﾮ, Lucyd Armorﾮ, Reebokﾮ, Nauticaﾮ, and Eddie Bauerﾮ brands. True to our mission to Upgrade Your Eyewearﾮ, our Bluetooth audio glasses allow users to stay safely and ergonomically connected to their digital lives and are offered in hundreds of frame and lens combinations to meet the needs of the optical, sunglass, sporting goods and safety eyewear markets. To learn more and explore our continuously evolving collection of smart eyewear, please visit www.lucyd.co. Forward Looking Statements This press release contains certain forward-looking statements, including those relating to retail partners. Forward-looking statements are based on the Company's current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, "anticipate," "believe," "continue," "estimate," "expect," "future," "intend," "may," "outlook," "plan," "potential," "predict," "project," "should,"...

Third Quarter Revenue Grew year over year by 163% and Gross Profit Margins Increased by 14% MIAMI, Nov. 13, 2025 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer®, and Reebok® brands, today announced its unaudited financial results for the three and nine months ended September 30, 2025. Net revenue for the quarter ended September 30, 2025 was $668,128, an increase of 163% from the quarter ended September 30, 2024. On a year-to-date basis, net revenue for the nine months ended September 30, 2025 was $1,701,859, an increase of 80% from the comparable period in 2024. For both the quarter and year-to-date periods, this top-line revenue growth was primarily driven by volume increases from sales of the Company's highly successful Lucyd Armor® smart safety glasses (launched in October 2024), which represented approximately half of the Company's total smartglass units sold in both the current quarter and year-to-date periods. The cobranded Reebok® Powered by Lucyd collection, which launched in April 2025, also contributed to the year-over-year volume increases. Gross profit margin for the third quarter of 2025 was 37%, compared to 23% for the same period in the prior year. Gross profit margin for the nine months ended September 30, 2025 was 27%, compared to 13% for the same period in the prior year. These significant increases were primarily attributable to lower product sourcing costs for both frames and prescription lenses as the Company continues to scale and develop its business. Management anticipates further cost improvements in future quarters as the Company continues to grow its volume and realize greater economies of scale. Although higher custom duties, tariffs and importation costs weighed heavily on gross profit margins in the second quarter, and therefore had a significant negative impact on the Company's current year-to-date margins, the various actions taken by management to help mitigate the impact of tariffs have been largely successful thus far, and restored third quarter 2025 gross profit margins to a level mostly consistent with the Company's pre-tariff business plan. Management continues to monitor trade policy and build contingency sourcing options in Southeast Asia, should the U.S.‑China tariff conditions materially change. Other operating expenses increased...

MIAMI, Sept. 24, 2025 /PRNewswire/ -- Innovative Eyewear, Inc. (NASDAQ: LUCY; LUCYW) (the "Company"), the manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, is pleased to report a successful appearance at Vision Expo West 2025, the premier optical industry trade show in the United States. Key highlights from the event include the following: The Company secured approximately 40 new optical industry accounts, including a strong blend of regional and independent players. Developed a new partnership to expand distribution into the UK. Met with enthusiastic new partners with national presences in Canada and LATAM. Received strong feedback on sneak previews of upcoming next-gen collections: the Reebok Powered by Lucyd optical line, and the Lucyd Aero prototype. The Reebok optical line will complement the eight current styles of Reebok sunglasses with six new styles for all day, indoor/outdoor wear. Lucyd Armor® ANSI-certified smart safety glasses stood out as an important offering, even for those who were already committed to another smart brand for standard optical. Compared to previous years, the Company observed a considerable increase in awareness and interest from optical professionals, signaling a growing desire for the integration of smart eyewear into modern optical solutions. Harrison Gross, CEO of Innovative Eyewear, said, "What a thrill to demonstrate our current and next-gen products with hundreds of folks who live and breathe eyewear and vision. The value of the feedback and industry connections we made at this show cannot be overstated. Upon demonstrating our eyewear, many attendees felt that our frames delivered the smart optical experience that they've been looking to bring to their patients. Our team will continue to do the hard work needed to deliver ergonomically-sound smartglasses for the whole family, and we look forward to making them available through more eye care providers in communities across North America and beyond. We have always envisioned that the future of eyewear is smart, and it's exciting to see the optical industry increasingly share this vision." About Innovative Eyewear Inc. Innovative Eyewear is a developer and retailer of ChatGPT smart eyewear, under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands. True to our mission to Upgrade Your Eyewear®, our Bluetooth smart g...

Explore Innovative Eyewear's Fair Values from the Community and select yours Revenue: US$579.2k (up 88% from 2Q 2024). Net loss: US$2.11m (loss widened by 8.1% from 2Q 2024). US$0.66 loss per share. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 123% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US. Performance of the American Medical Equipment industry. The company's shares are up 4.6% from a week ago. You still need to take note of risks, for example - Innovative Eyewear has 6 warning signs (and 4 which are concerning) we think you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Revenue Surged 88% in Q2 2025 vs. Q2 2024 MIAMI, Aug. 14, 2025 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer®, and Reebok® brands, today announced its unaudited financial results for the three and six months ended June 30, 2025. Net revenue for the quarter ended June 30, 2025 was $579,230, an increase of 88% from the quarter ended June 30, 2024. On a year-to-date basis, net revenue for the six months ended June 30, 2025 was $1,033,731, an increase of 49% from the comparable period in 2024. For both the quarter and year-to-date periods, this top-line revenue growth was primarily driven by growing consumer demand of the Company's recent new product launches – the Lucyd Armor® smart safety glasses (launched October 2024), and the Reebok® Powered by Lucyd collection (launched April 2025). The Lucyd Armor product line has been highly successful since its launch, and represented nearly half of the Company's total units sold during the current quarter. Additionally, the recently launched Reebok® Powered by Lucyd frames boast the Company's best audio quality to-date, as a result of a strategic initiative begun in 2024 to produce the best sounding smartglasses on the market, with a new team of audio engineers. The 88% revenue growth far outpaced growth in Company's operating expenses for the quarter, which increased by approximately 6%. Gross profit margin for the second quarter of 2025 was -2%, compared to 18% for the same period in the prior year. Gross profit margin for the six months ended June 30, 2025 was 20%, an increase of 11 percentage points from the prior year. This quarterly decrease of 20% was primarily due to significantly higher custom duties, tariffs, and importation costs. The Company is aggressively responding to the current tariff and international trade environment with a multi-pronged approach including diversification of its logistics network, expansion of ex-US sales, mild price increases on custom lenses and modification of its product fulfillment model. Actions taken by the Company are expected to mitigate the impacts of tariffs going forward. During the second quarter of 2025, Innovative Eyewear announced several important milestones, including: Successful launch of the long-awaited Reebok® Powered by Lucyd sport smart eyewear collection, which has been...

Revenue: US$454.5k (up 19% from 1Q 2024). Net loss: US$1.78m (loss narrowed by 9.8% from 1Q 2024). US$0.72 loss per share (improved from US$3.04 loss in 1Q 2024). We've discovered 6 warning signs about Innovative Eyewear. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 109% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US. Performance of the American Medical Equipment industry. The company's shares are up 55% from a week ago. What about risks? Every company has them, and we've spotted 6 warning signs for Innovative Eyewear (of which 5 are concerning!) you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Revenue and gross margins improvements MIAMI, May 13, 2025 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced its Q1 2025 Unaudited financial results. Net revenue for the quarter ended March 31, 2025 was $454,501 an increase of 19% from revenue of $383,471 in the quarter ended March 31, 2024. This increase was primarily attributable to growth in unit sales volume, largely driven by product launches during 2024 of the co-branded Nautica® Powered by Lucyd and Eddie Bauer® Powered by Lucyd collections, as well as the Lucyd Armor safety smart glasses line. Also contributing to the growth in revenues were the Company's continued investments in marketing and advertising initiatives, as well as increased public interest and growth in smart glasses and the wearable products category. This growth preceded the launch of Reebok® by Lucyd in April 2025. Gross profit margin for Q1 2025 was 49%, compared with 2% for Q1 2024, driven by lower cost of frames and lower prescription lens fulfilment cost. The decrease in the cost of frames as compared to the prior year quarter was primarily attributable to the combination of realization of greater economies of scale and improvements in product price/mix. The decrease in lens fulfilment costs was attributable to actions taken by management in the prior year to better manage these costs including the launch of Lucyd Shift and Lucyd Blueshift transitional lenses in place of branded third-party transitional lenses and the engagement of a new lower-cost lens supplier based in Miami, Florida. Total operating expenses in Q1 2025 were $2,124,324, a 11% percent increase from total operating expenses of $2,021,542 in Q1 2024. Total operating and other expenses have remained relatively consistent between these periods. The Company had a net loss in Q1 2025 of $1,778,703, or $(0.72) per share, compared with a net loss of $1,971,311, or $(2.59) per share, in Q1 2024. These results reflect a tightening business operation that is finding its footing in an emerging sector, and prioritizing efficiency and operational sustainability. We believe that the success of the Lucyd Armor product line to date indicates that that delivering smart eyewear for specific user niches can be a significant differentiator. With our experience d...

Revenue increased 42% over prior year MIAMI, March 25, 2025 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced its full year 2024 financial results. Net revenue for the year ended December 31, 2024 was $1,636,440, an increase of 42% from revenue of $1,152,479 in the prior year. This increase was primarily attributable to growth in unit sales volume, largely driven by product launches during 2024 of the co-branded Nautica® Powered by Lucyd and Eddie Bauer® Powered by Lucyd collections, as well as the Lucyd Armor safety smart glasses line. Also contributing to the growth in revenues were the Company's continued investments in marketing and advertising initiatives, as well as increased public interest and growth in smart glasses and the wearable products category. Gross profit margin for 2024 was 13%, compared with negative 10% for 2023. This improvement in gross profit margin was mainly attributable to improvements related to the cost of frames (which added 13 percentage points to gross profit margin) and in the cost of lenses (which added 8 percentage points to gross profit margin) compared to 2023. Total operating expenses in 2024 were $8,138,892, a 21% percent increase from total operating expenses of $6,736,213 in 2023. This increase was primarily the result of an increase in 2024 of $659,144, or 32%, in sales and marketing expense in order to drive sales growth, and an increase of $586,332, or 15%, in general and administrative expense, including an increase in legal costs of $318,000 largely as a result of various shareholder and equity-related matters during the current year period, compared to 2023. The Company had a net loss in 2024 of $7,766, 515, or $(5.19) per share, compared with a net loss of $6,663,428, or $(10.87) per share, in 2023. Weighted average number of shares outstanding was 1,496,357 at December 31, 2024, and 613,000 at December 31, 2023. Cash and cash equivalents at December 31, 2024 were $2,628,987, in addition the Company held $4,895,184 in short-term U.S. Treasury investments as of December 31, 2024, vs cash and cash equivalents of $4,287,447 held in the prior year. Management believes that including such investments as part of the Company's overall liquidity, would provide a more accurate depiction of the Compan...