US Market News
2月前
Innovative Eyewear, Inc. Receives Red Dot Design Award on Lucyd Armor Smart Safety GlassesApril 17, 2026 8:00 AM
PR Newswire (US)
MIAMI, April 17, 2026 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer & manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® brands, is pleased to announce the receipt of a Red Dot Award for Product Design, for its Lucyd Armor smart safety glasses.
Established in Germany in 1955, the Red Dot Award recognizes the world's leading products that demonstrate functional and aesthetic design excellence. Notable recipients of the award include some of the world's leading tech and consumer goods companies.The Company has also recently received the North American Hardware and Paint Association's Retailer's Choice Award on the Armor product line, a 60-year-old award that recognizes product innovations in the hardware vertical.Harrison Gross, CEO of Innovative Eyewear, commented on the award, "I am thrilled to receive our first Red Dot Award, a major achievement in the world of industrial design. This is a wonderful milestone recognizing our significant efforts to make smartglasses more appealing and useful for the average person. We look forward to continuing to evolve our products to build a global standard in smart eyewear. This is not only for our ambitions as a company, but because of our belief that glasses are one of the most important medical and fashion accessories on the planet. I am incredibly grateful for our amazing team's work on Lucyd Armor."About Innovative Eyewear, Inc.Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® brands. True to our mission to Upgrade Your Eyewear®, 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 StatementsThis press release contains certain forward-looking statements, including those relating to product awards. 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," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption "Risk Factors."Investor Relations Contact:Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: +1 (646) 893-5835
Email: info@skylineccg.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/innovative-eyewear-inc-receives-red-dot-design-award-on-lucyd-armor-smart-safety-glasses-302745523.htmlSOURCE Innovative Eyewear, Inc.
Original: Innovative Eyewear, Inc. Receives Red Dot Design Award on Lucyd Armor Smart Safety Glasses
US Market News
2月前
Innovative Eyewear, Inc. Receives NHPA Retailer's Choice Award for Lucyd Armor® Smart Safety EyewearApril 10, 2026 8:00 AM
PR Newswire (US)
MIAMI, April 10, 2026 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer & manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® brands, is pleased to announce the receipt of the Retailer's Choice Award for Lucyd Armor, at the National Hardware Show event in Las Vegas. The North American Hardware and Paint Association's Retailer's Choice Award is celebrating its 60th anniversary this year of recognizing innovative products in the hardware channel.
Lucyd Armor has been the Company's fastest-growing collection to-date, driven by the need for practical, handsfree connectivity and eye protection in industrial verticals. The collection's sporty styling makes it flexible for use at work and leisure, adding to its general appeal and making the product suitable for a multitude of different lifestyles.The U.S. safety eyewear market is a durable, steadily growing segment of the broader personal protective equipment industry, driven by regulatory mandates and persistent workplace risk. Valued at approximately $370–400 million in 2024, it is projected to exceed $650 million by 2033, representing a 6–7% CAGR1. Demand is anchored by rigorous enforcement of OSHA standards requiring eye protection across high-risk sectors including construction, manufacturing, healthcare, and energy. Concurrently, the market is undergoing a meaningful transformation with the rise of smart and connected eyewear, shifting the category from passive protection to integrated productivity and communication platforms. The global smart eyewear market is expected to grow rapidly, expanding from approximately $1 billion in 2024 to over $4 billion by 2030, representing a ~25–30% CAGR.2Harrison Gross, CEO of Innovative Eyewear, commented on the award, "Lucyd Armor has been transformational since we launched it a year and a half ago, enabling our company to deliver highly functional smart eyewear for workforces around the world. I believe the product is a standout because it provides a unique mix of handsfree smart features, AI access, patented walky-talky functionality and of course vision correction and protection, with the required safety certifications for high impact workplace use. The hardware channel hasn't witnessed many safety eyewear innovations of late, and I think that's part of the reason Armor has been so well-received by thousands of workers around the world. True to our mission to Upgrade Your Eyewear®, Lucyd Armor offers significant connectivity and intelligent support features over traditional safety glasses. That's why I believe it could become a global standard for safety eyewear."The Company welcomes prospective resellers and safety managers to reach out to Matthew Berry, Director of Safety Sales, at MBerry@Lucyd.co for a demonstration.Watch the award presentation at the National Hardware Show here.About Innovative Eyewear, Inc.Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® brands. True to our mission to Upgrade Your Eyewear®, 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 StatementsThis press release contains certain forward-looking statements, including those relating to new retail awards and the success of new products. 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," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption "Risk Factors."Investor Relations Contact:Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: +1 (646) 893-5835
Email: info@skylineccg.com1 https://www.grandviewresearch.com/industry-analysis/us-eye-protection-equipment-market-report2 https://www.marketsandmarkets.com/Market-Reports/smart-glasses-market-148134046.html
View original content to download multimedia:https://www.prnewswire.com/news-releases/innovative-eyewear-inc-receives-nhpa-retailers-choice-award-for-lucyd-armor-smart-safety-eyewear-302739062.htmlSOURCE Innovative Eyewear, Inc.
Original: Innovative Eyewear, Inc. Receives NHPA Retailer's Choice Award for Lucyd Armor® Smart Safety Eyewear
US Market News
3月前
Innovative Eyewear Inc. Reports Full Year 2025 Financial ResultsMarch 25, 2026 4:30 PM
PR Newswire (US)
Revenue increased 63% over prior year Gross Profit Margins increased by 8 percentage points despite tariff headwindsMIAMI, March 25, 2026 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), the developer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® 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 Armor® 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 Reebok® 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 expanded its team to fuel and support further growth, and higher license fees paid under multi-year cobranded license agreements. Sales and marketing expenses increased by approximately $0.26 million from prior year, primarily driven by increased spending on events and trade shows, as the Company grows and expands its network of potential business partners and retailers.The Company also recognized approximately $0.90 million of other non-operating income during the current year, primarily driven by the receipt of a $0.57 million settlement payment related to certain legal matters; the remaining amount of other income mainly related to interest and dividends earned on investments in U.S. Treasury bills and money market funds.The Company's net loss for 2025 was approximately $(7.59) million or $(1.90) per share, compared with $(7.77) million or $(5.19) per share in the prior year, reflecting the Company's continued investment in product development and market expansion to support further growth. Weighted average shares outstanding for the years ended December 31, 2025 and 2024 were approximately 3.99 million and 1.50 million, respectively.The Company ended the year with approximately $6.51 million of combined cash and cash equivalents and investments, compared with $7.52 million of combined cash and cash equivalents and investments as of December 31, 2024. Net working capital (current assets less current liabilities) was $8.39 million at December 31, 2025, and $8.50 million at the end of 2024. The Company had no debt outstanding as of December 31, 2025, and long-term liabilities of only $0.03 million.The Company generated significant amounts of proceeds from multiple equity offerings during both the current and prior year. Net cash flows provided by financing activities were $6.68 million in 2025 and $10.24 million in 2024.Additionally, during the fourth quarter of 2025, Innovative Eyewear announced several important milestones related to its product portfolio and distribution network, including:Launched three additional new variants of the extremely popular Lucyd Armor smart safety glasses, in order to expand the collection to a wider audience and build on the success of the original model with important variations in lens functionality and sizing. The Armor Slim model recently received ANSI certification, enabling it to be sold in the U.S. for safety applications. Lucyd Armor is currently available for purchase in the United States, Canada, and European Union markets, with all necessary safety certifications including ANSI Z87.1+, CSA Z94.3, and EN 16639:2018.Launched two new light-adaptive sport smartglass models in the Reebok Powered by Lucyd collection, designed for use in the gym and indoor sports. The Reebok smart eyewear collection offers the Company's most powerful music experience to-date, with an end-to-end overhauled sound system developed with leading audio engineers.Announced a new partnership with SmartBuyGlasses, one of the largest global online independent sellers of prescription, standard, and designer eyewear, to provide its Reebok smart eyewear to customers.Harrison Gross, CEO of Innovative Eyewear Inc., commented, "I am very pleased by our impressive sales growth for the year. We continue our upward trend of outperforming sales each quarter on a year-over-year basis, which we have done every quarter for over two years now. I am also pleased by the overall improvements in our gross profit margin during the year, despite headwinds from tariffs. We plan to build on the continued success and momentum of our most popular product lines, Lucyd Armor® smart safety glasses, Lucyd Lyte®, and Reebok® Powered by Lucyd smartglasses. We are also excited about the potential of international growth and expansion, as we continue to make progress towards building a more globally focused business with significant distribution outside of the U.S. In summary, we believe that we are well positioned to deliver further revenue growth in 2026 and beyond."About Innovative Eyewear, Inc.Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® brands. True to our mission to Upgrade Your Eyewear®, 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 StatementsThis press release contains certain forward-looking statements, including those relating to the Company's business operations, projections, market position, revenue growth, future product lines and developments. 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," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption "Risk Factors."Investor Relations Contact:Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: +1 (646) 893-5835
Email: info@skylineccg.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/innovative-eyewear-inc-reports-full-year-2025-financial-results-302725172.htmlSOURCE Innovative Eyewear, Inc.
Original: Innovative Eyewear Inc. Reports Full Year 2025 Financial Results
US Market News
3月前
Innovative Eyewear, Inc. Announces Q4 and Full Year 2025 Earnings Conference CallMarch 10, 2026 4:30 PM
PR Newswire (US)
MIAMI, March 10, 2026 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer & manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® 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 ETParticipant 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/3YW2tPLEvent 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: 1117463About Innovative Eyewear, Inc.Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® brands. True to our mission to Upgrade Your Eyewear®, 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 StatementsThis 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," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption "Risk Factors."Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: +1 (646) 893-5835
Email: info@skylineccg.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/innovative-eyewear-inc-announces-q4-and-full-year-2025-earnings-conference-call-302709886.htmlSOURCE Innovative Eyewear, Inc.
Original: Innovative Eyewear, Inc. Announces Q4 and Full Year 2025 Earnings Conference Call
US Market News
4月前
Innovative Eyewear, Inc. Announces New Distribution with Major European Retailer MODIVO GroupFebruary 24, 2026 8:00 AM
PR Newswire (US)
MIAMI, Feb. 24, 2026 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer & manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, is pleased to announce a new distribution relationship with MODIVO Group (WSE: MDV), a major European fashion retailer with approximately 1,400 stores. MODIVO plans to first test Innovative Eyewear smartglasses in the Sklep Biegacza running stores it operates.
These stores provide a bespoke experience for athletes, providing them with a customized fitting experience and detailed level of service. The initial rollout will focus on the Reebok Powered by Lucyd product line.Harrison Gross, CEO of Innovative Eyewear, said "We are very excited to break into the European market with MODIVO, and the massive potential this partnership has to upgrade Europe's eyewear. MODIVO is known for clever, innovative retail formats and its futuristic stores are well-suited to carrying the eyewear of tomorrow. We look forward to supporting our new partners in the introduction of what we believe to be the most important wearable technology of our time—smart eyewear that allows you to enjoy handsfree access to a world of functionality."Krzysztof Burak, Business Development Director for MODIVO Group, said "We are incredibly enthusiastic about partnering with Innovative Eyewear. This collaboration represents an innovative offering for our clients, particularly focusing on the Reebok brand, which is a key brand for our organization. We believe that by combining a strong brand, extraordinary technology, and selling it in an authentic environment such as our runner's store, we can revolutionize and most importantly enhance running sports in this part of the continent. And this is just the first step with Innovative Eyewear."About Innovative Eyewear, Inc.Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands. True to our mission to Upgrade Your Eyewear®, 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.About MODIVO GroupMODIVO Group is one of the largest European companies in the footwear and apparel segment. Across 20 markets, the Group develops a unique, omnichannel business model, based on approximately 1,400 stores and strong e-commerce properties, under multiple banners, including CCC, HalfPrice, eobuwie, MODIVO, Worldbox, and Boardriders. MODIVO S.A. is a constituent of the WIG20 blue-chip stock index and has been listed on the Warsaw Stock Exchange since 2004. To learn more, please visit
https://modivogroup.com/en/about-the-companyForward Looking StatementsThis 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," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption "Risk Factors."Investor Relations Contact:Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: +1 (646) 893-5835
Email: info@skylineccg.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/innovative-eyewear-inc-announces-new-distribution-with-major-european-retailer-modivo-group-302694893.htmlSOURCE Innovative Eyewear, Inc.
Original: Innovative Eyewear, Inc. Announces New Distribution with Major European Retailer MODIVO Group
subslover
5月前
Innovative Eyewear, Inc. Announces Record-Breaking 65% Annual Sales Growth in 2025 & Insider Buying Intent
MIAMI, Jan. 7, 2026 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer & manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, is pleased to announce its preliminary unaudited sales results for the fourth quarter and full year ended December 31, 2025.
The company achieved Q4 2025 sales of approximately $1m, representing an increase of approximately 45% compared with Q4 2024 revenue. Preliminary full-year 2025 sales are estimated to be $2.7 million, a substantial increase of approximately 65% year-over-year from $1.6 million in 2024.
The Company's management believes that its operational progress and considerable traction with its smart eyewear brand portfolio, particularly Lucyd Armor smart safety and Reebok sport collections, is not fully reflected in the current market price of its common stock. A recent analysis of Amazon.com market trends indicates that the Company holds approximately 44% market share of smart safety glasses on the world's most popular retail platform, and to our knowledge is the only smart safety glass on the platform with full safety certification in the US and Canada. Management believes the Company has now built the diverse product mix and distribution channels necessary to maximize its penetration in the rapidly growing smart eyewear market, and secure a long-term position as the industry value leader.
Harrison Gross (CEO), Oswald Gayle (CFO), Joaquin Abondano (COO), Eric Cohen (CTO), and Konrad Dabrowski (Chief AI and Growth Officer) intend to purchase shares of Innovative Eyewear in the open market. The planned purchases reflect management's strong confidence in the Company's strategic direction, long-term growth prospects, and current market valuation. The specific timing and amount of the purchases will depend on market conditions and other factors, and the transactions will be conducted in compliance with all applicable securities laws and the Company's insider trading policy.
"Whilst these results remain subject to audit, we are pleased with the preliminary sales growth achieved in both the fourth quarter and full year 2025 compared to 2024," said Harrison Gross, CEO of Innovative Eyewear. "We believe this performance reflects growing awareness of our brand portfolio and increasing demand for eyewear that integrates smart features alongside vision correction and protection, and the ability to easily use our eyewear with a number of AI platforms. Further, we believe that our 2025 efforts to build a robust global fulfillment network have helped to position the Company for faster scale up of its brands across hardware stores, retail, and optical chains worldwide. We are optimistic about our prospects for significant placements with national, well recognized chains during 2026."
All purchases by our management team will be publicly disclosed through required SEC filings, specifically Form 4, within the strict timelines mandated by law. The Company emphasizes that this announcement is a statement of intent and not a solicitation for the purchase or sale of securities.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands. True to our mission to Upgrade Your Eyewear®, 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 preliminary sales, the market for smartglasses and potential management stock purchases. Forward-looking statements are based on the
subslover
9月前
Innovative Eyewear Reports Strong Results from Vision Expo West 2025
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."
subslover
1年前
Innovative Eyewear Inc. Reports Q1 2025 Unaudited Financial Results
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 developing dozens of SKUs (stock-keeping units) of smart eyewear, we are well positioned to address specific user needs in the sport, safety, and general optical categories. In April 2025, we launched the Reebok® Powered by Lucyd sport smart sunglasses collection in eight different styles. This collection features custom high-fidelity speakers, powerful amplifiers, and equalizers specifically tuned for outdoor activities and sports environments. In order to support the launch and expansion of our Reebok® Powered by Lucyd and Lucyd Armor lines, we have recently expanded our sales team with the addition of two new sales directors, who have significant experience in optical sales and hardware sales.
Harrison Gross, CEO of Innovative Eyewear Inc., commented,
"Our 2025 first quarter revenue reflects our continued investments in product lines, marketing and advertising initiatives, as well as increased public interest and growth in smart glasses. We are also happy to see our efforts to improve gross margins bear effect. As we look ahead to the rest of 2025, we believe we are well positioned to build on our momentum and significantly grow total revenues and market share. I am particularly excited about the potential of our newly launched Reebok® product line, which expanded our portfolio to include smart glasses for active lifestyles, coupled with the continued significant traction of the Lucyd ArmorTM smart safety glasses. Both product lines address vast subsets of the eyewear market which were previously underserved by smart eyewear providers."
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands. True to our mission to Upgrade Your Eyewear®, 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 market. 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 the Company's business operations, projections, market position, introduction of future product lines and developments. 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," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption "Risk Factors."
Investor Relations Contact:
Scott Powell