See more : Shandong Huapeng Glass Co.,Ltd. (603021.SS) 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 the 2.0 Release of its Android ChatGPT App for Smart Eyewear
MIAMI , Dec. 12, 2023 /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 key update to...
Innovative Eyewear, Inc. Launches Nautica Smart Eyewear Under Multi-Year, Global Licensing Agreement with Authentic Brands Group
MIAMI , Dec. 11, 2023 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear, is pleased to announce through an agreement with Authentic Brands Group (Authentic), the launch of the Nautica...
Innovative Eyewear, Inc. Launches Upgraded Charging Dock for ChatGPT-enabled Smart Eyewear
MIAMI , Nov. 16, 2023 /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 edition of...
Innovative Eyewear, Inc. Launches the Lyte XL Smart Eyewear Collection
MIAMI , Oct. 17, 2023 /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 excited to announce a new collection of...
Innovative Eyewear, Inc. (Nasdaq: LUCY) to Present at 8th Annual Dawson James Conference
Chief Financial Officer, Mr. Konrad Dabrowski to Present at 2:00 p.m. Eastern Time on Thursday, October 12th, 2023 Chief Financial Officer, Mr. Konrad Dabrowski to Present at 2:00 p.m. Eastern Time on Thursday, October 12th, 2023
Innovative Eyewear, Inc. Announces New Patent Filing on Self-adjusting Spring Hinges for Smartglasses
MIAMI , Sept. 11, 2023 /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 excited to announce a patent filing on...
Innovative Eyewear, Inc. Announces the 2.0 Release of its ChatGPT App for Smart Eyewear
MIAMI , Aug. 14, 2023 /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 excited to announce a major update to...
Innovative Eyewear, Inc. Interim Company Update
Miami, FL , Aug. 03, 2023 (GLOBE NEWSWIRE) -- 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 share an interim...
Innovative Eyewear Discusses Smart Eyewear Market, Product Differentiation, Brand Partnerships and Value Catalysts in New CEO Video Interview on Planet MicroCap
LOS ANGELES, CA / ACCESSWIRE / August 3, 2023 / Planet MicroCap today published a new Video Interview with Harrison Gross, Co-Founder and CEO of Innovative Eyewear, Inc. (NASDAQ:LUCY), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer®...
Innovative Eyewear, Inc. Launches the Lucyd Blueshift Lens for Enhanced Eye Protection and Comfort
MIAMI , Aug. 1, 2023 /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 the launch of a...
Source: https://incomestatements.info
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