See more : Profound Medical Corp. (PRN.TO) Income Statement Analysis – Financial Results
Complete financial analysis of Innovative Eyewear, Inc. (LUCY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Innovative Eyewear, Inc., a leading company in the Medical – Instruments & Supplies industry within the Healthcare sector.
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Innovative Eyewear, Inc. (LUCY)
About Innovative Eyewear, Inc.
Innovative Eyewear, Inc. develops and sells smart eyeglasses and sunglasses. The company's flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice. The company sells its products through various e-commerce and retail distribution channels. Innovative Eyewear, Inc. has a partnership with Lucyd. The company was founded in 2019 and is headquartered in North Miami, Florida. Innovative Eyewear, Inc. operates as a subsidiary of Lucyd Ltd.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 1.15M | 659.79K | 690.67K | 57.00K | 4.82K |
| Cost of Revenue | 1.27M | 716.08K | 542.42K | 74.27K | 7.74K |
| Gross Profit | -119.33K | -56.29K | 148.25K | -17.27K | -2.91K |
| Gross Profit Ratio | -10.35% | -8.53% | 21.47% | -30.30% | -60.44% |
| Research & Development | 662.18K | 524.69K | 86.26K | 36.89K | 4.08K |
| General & Administrative | 4.07M | 2.80M | 1.39M | 316.12K | 43.40K |
| Selling & Marketing | 2.05M | 2.06M | 1.77M | 152.73K | 2.92K |
| SG&A | 6.07M | 4.86M | 3.16M | 468.85K | 46.32K |
| Other Expenses | 0.00 | 140.00K | 109.98K | 130.00K | 56.11K |
| Operating Expenses | 6.54M | 5.52M | 3.35M | 635.74K | 106.51K |
| Cost & Expenses | 8.01M | 6.24M | 3.90M | 710.01K | 114.25K |
| Interest Income | 0.00 | 105.17K | 39.43K | 4.97K | 0.00 |
| Interest Expense | 3.04K | 105.17K | 39.43K | 4.97K | 0.00 |
| Depreciation & Amortization | 85.26K | 32.57K | 7.68K | 994.00 | 262.63K |
| EBITDA | -6.58M | -5.54M | -3.20M | -762.22K | -109.43K |
| EBITDA Ratio | -570.52% | -840.28% | -462.94% | -1,140.23% | -2,269.80% |
| Operating Income | -6.90M | -5.58M | -3.21M | -650.89K | -109.43K |
| Operating Income Ratio | -598.76% | -845.22% | -464.05% | -1,141.97% | -2,269.80% |
| Total Other Income/Expenses | 237.11K | -105.17K | -39.43K | -115.18K | -153.20K |
| Income Before Tax | -6.66M | -5.68M | -3.24M | -768.18K | -109.43K |
| Income Before Tax Ratio | -578.18% | -861.16% | -469.76% | -1,347.76% | -2,269.80% |
| Income Tax Expense | 0.00 | 105.17K | 39.43K | 7.09K | -262.63K |
| Net Income | -6.66M | -5.68M | -3.24M | -768.18K | -262.63K |
| Net Income Ratio | -578.18% | -861.16% | -469.76% | -1,347.76% | -5,447.52% |
| EPS | -12.67 | -17.41 | -12.37 | -5.19 | -2.64 |
| EPS Diluted | -12.67 | -17.41 | -12.37 | -5.19 | -2.64 |
| Weighted Avg Shares Out | 525.80K | 326.45K | 262.28K | 148.01K | 99.45K |
| Weighted Avg Shares Out (Dil) | 525.80K | 326.45K | 262.28K | 148.01K | 99.45K |
Innovative Eyewear, Inc. Announces Closing of Exercise of Warrants
Raises approximately $8 million since the beginning of the second quarter of 2024 MIAMI , Sept. 4, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (Nasdaq: LUCY), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie...
Innovative Eyewear, Inc. Announces Exercise of Warrants
MIAMI , Sept. 3, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (Nasdaq: LUCY), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced the entry into definitive agreements for the...
Innovative Eyewear, Inc. Announces Lucyd Smart Eyewear Now Sold on Target.com
MIAMI , Aug. 29, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or "the Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced that its Lucyd Lyte frames are...
Innovative Eyewear, Inc. Announces Strategic Alliance with Geenee Inc. to Deliver Next-gen Smart Eyewear Retail Experiences
MIAMI , Aug. 21, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of ChatGPT smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, is pleased to announce it has partnered with...
Innovative Eyewear Inc. Reports Second Quarter 2024 Financial Results
Quarterly Revenue Increased 82% vs Q2 2023; Gross Margin Increases Substantially MIAMI , Aug. 13, 2024 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), the developer of ChatGPT-enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today...
Innovative Eyewear Inc. Regains Compliance with Nasdaq Listing Requirements
Miami, Florida--(Newsfile Corp. - August 1, 2024) - Innovative Eyewear Inc. (NASDAQ: LUCY) (NASDAQ: LUCYW) ("Innovative Eyewear" or "the Company") the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced that the Company received formal notice...
Innovative Eyewear Inc. Announces the First Walkie-Talkie Feature for Smart Eyewear
Miami, Florida--(Newsfile Corp. - July 18, 2024) - Innovative Eyewear Inc. (NASDAQ: LUCY) (NASDAQ: LUCYW) ("Innovative Eyewear" or "the Company"), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced the debut of a new Walkie-Talkie...
Innovative Eyewear Inc. Announces Significant Progress in International Expansion
MIAMI, June 14, 2024 /PRNewswire/ -- Innovative Eyewear Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer ® and Reebok® brands, is pleased to provide a sales and marketing...
Innovative Eyewear, Inc. Launches Bixby App to Enable ChatGPT on its Smart Eyewear
MIAMI , June 13, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer ® and Reebok® brands, announces today that it has launched a Bixby...
Innovative Eyewear, Inc. to Participate in "Charting the Course: Navigating the Intersection of TMT and Business in the AI Era" Conference, June 4 - 5, 2024
MIAMI , June 3, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or "the Company") (Nasdaq: LUCY; LUCYW), the developer and seller of smart eyewear, today announced that Company's CEO, Harrison Gross, will present at the "Charting the Course: Navigating the Intersection of...
Source: https://incomestatements.info
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