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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. Partners with New Look Vision Group to Provide Smart Eyewear in Canada
MAIMI, April 25, 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 announce their Lucyd smart frames are now...
Innovative Eyewear, Inc. Announces New Patent Filings and Receipt of Notices of Allowance on Smart Safety Eyewear
MIAMI , April 24, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or "the Company") (NASDAQ: LUCY) (NASDAQ-CM: LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced the filing of two new...
Innovative Eyewear, Inc. Signs UK Football Legend and Media Personality Micah Richards as Brand Ambassador
MIAMI , April 18, 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, today announced the signing of Micah Richards...
Innovative Eyewear, Inc. Signs Distribution Partnership with Windsor Eyes, Inc.
MIAMI , April 17, 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 announce a new partnership with...
Innovative Eyewear Inc. Reports 2023 Financial Results
Company Announces Sales Growth and Enhanced GenAI Integration in Smart Eyewear MIAMI , March 25, 2024 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), a developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced that, for the year ended...
Innovative Eyewear, Inc. Commences Shipping of Nautica Smart Eyewear Collection
MIAMI , Feb. 1, 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 proud to announce the Nautica Smart Eyewear Collection has...
Innovative Eyewear, Inc. 2023 Year-end Review
MIAMI , Jan. 11, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of cutting-edge smart eyewear and operator of the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands for smartglasses, is pleased to disclose...
Innovative Eyewear, Inc. Receives Notice of Allowance for Fourteen Patent Applications
MIAMI , Jan. 10, 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 announce it has received Notices...
Innovative Eyewear, Inc. and IngenioSpec LLC Announce License Agreement
MIAMI , Jan. 5, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer and seller of smart eyewear and IngenioSpec LLC a developer of smart eyewear are pleased to announce a license agreement...
Innovative Eyewear, Inc. Signs Professional Football Player Emmanuel Ogbah as Brand Ambassador
MIAMI , Dec. 14, 2023 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of the developer of ChatGPT smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, is pleased to announce...
Source: https://incomestatements.info
Category: Stock Reports