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LUCY

Innovative Eyewear, Inc.

LUCY

Innovative Eyewear, Inc. • NASDAQ
$1.49 ▼ -2.93% (-0.04)
Market Cap $6.82 M
52w High $7.60
52w Low $1.44
Dividend Yield 0%
P/E -0.73
Volume 32.29K
Outstanding Shares 4.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $668.128K ▲ $683.92M ▲ $-1.836B ▼ -274.838K% ▼ $-0.38 ▲ $-1.836B ▼
Q2-2025 $579.23K ▲ $2.158M ▲ $-2.106M ▼ -363.602% ▲ $-0.66 ▲ $-2.131M ▼
Q1-2025 $454.501K ▼ $2.124M ▼ $-1.779M ▲ -391.353% ▼ $-1.189K ▼ $-1.87M ▲
Q4-2024 $690.688K ▲ $2.266M ▲ $-2.126M ▼ -307.828% ▲ $-0.87 ▲ $-2.086M ▼
Q3-2024 $253.599K $1.821M $-1.721M -678.503% $-0.99 $-1.687M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.7B ▲ $11.175B ▲ $925.003M ▲ $10.25B ▲
Q2-2025 $8.913M ▲ $11.936M ▲ $658.518K ▲ $11.277M ▲
Q1-2025 $5.258M ▼ $7.941M ▼ $447.241K ▼ $7.494M ▼
Q4-2024 $7.524M ▼ $9.838M ▼ $743.168K ▲ $9.095M ▼
Q3-2024 $9.439M $11.597M $665.913K $10.931M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.836M ▲ $-1.497M ▲ $-14.835K ▲ $584.402K ▼ $-927.867K ▼ $-1.512M ▲
Q2-2025 $-2.106M ▼ $-2.117M ▲ $-1.274M ▼ $5.76M ▲ $2.369M ▼ $-2.116M ▲
Q1-2025 $-1.779M ▲ $-2.311M ▼ $4.94M ▲ $0 ▼ $2.629M ▲ $-2.371M ▼
Q4-2024 $-2.126M ▼ $-1.943M ▼ $-61.421K ▲ $89.851K ▼ $-1.915M ▼ $-1.97M ▼
Q3-2024 $-1.721M $-1.4M $-4.987M $5.034M $-1.353M $-1.491M

Five-Year Company Overview

Income Statement

Income Statement Innovative Eyewear looks like a very early‑stage company that is still in the “building” phase rather than the “earning” phase. The figures show essentially no meaningful revenue yet, but ongoing operating losses. Losses have been steady over several years, and on a per‑share basis they appear large, partly because the share count has been adjusted by a reverse split. Overall, the income statement reads like a young, pre‑scale business investing ahead of meaningful sales, with profitability not yet in sight.

Balance Sheet

Balance Sheet The balance sheet appears very small and simple, with modest assets, no reported debt, and equity as the main source of funding. Reported cash is minimal, which raises questions about how operations are being financed day to day and how much cushion the company has. The large jump in reported equity compared with the small asset base suggests either data quirks or recent capital raises and accounting adjustments. In any case, this looks like a thinly capitalized, high‑risk balance sheet that likely relies on future external funding to grow.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, which is normal for a company that has not yet built up meaningful revenue but is still a concern because it means the business is consuming cash rather than generating it. Capital spending appears very light, so most of the cash burn is probably tied to operating expenses like R&D, marketing, and overhead. With limited cash reported, the company’s ability to sustain this burn depends heavily on raising additional funds through equity, grants, or partnerships. The cash flow profile is typical of an early, speculative venture rather than a mature operating business.

Competitive Edge

Competitive Edge Competitively, Innovative Eyewear is trying to carve out a niche at the intersection of eyewear, audio, and AI assistants. Its strengths include early integration of conversational AI, open‑ear audio technology, and a relatively wide variety of frame styles compared with many tech‑driven rivals. Licensing deals with known lifestyle brands help the company tap into existing brand recognition rather than building everything from scratch. On the other hand, the firm faces powerful potential competitors—large tech companies and established eyewear makers—and the overall smart‑eyewear category is still young and unproven with consumers. Its moat today is based more on speed, design variety, and patents than on scale or brand dominance.

Innovation and R&D

Innovation and R&D Innovation is clearly the heart of the story. The company has been quick to embed modern AI (including voice‑driven assistants) into everyday eyewear, emphasizing hands‑free interaction and open‑ear audio. It is expanding features through its own apps, adding tools like walkie‑talkie‑style communication and upgrades to the underlying AI platform. On the hardware side, it is iterating on materials and comfort, and it has moved into niches like smart safety glasses. Partnerships around virtual try‑on and augmented reality shopping suggest an effort to modernize the buying experience as well. Overall, the business looks R&D‑heavy and experimentation‑driven, with a sizable patent portfolio, but must still prove that this innovation can translate into strong, sustained customer adoption.

Summary

Putting it all together, Innovative Eyewear is a very early‑stage, high‑risk company: minimal revenue, ongoing losses, negative cash flow, and a lean balance sheet. The core appeal is not current financial strength but the potential of its smart eyewear platform—AI integration, branded collections, and a broad range of designs aimed at making smart glasses feel like normal fashion eyewear. The opportunity lies in being an early mover in a category that could grow if consumers embrace voice‑first wearables. The main risks are financial fragility, uncertain demand for smart glasses in general, and competition from much larger players if the space takes off. Any view on the company ultimately hinges on whether its technological and design lead can be converted into scale and sustainable economics before funding constraints become too tight.

NEWS

November 13, 2025 · 8:00 AM UTC

Innovative Eyewear Inc. Reports Q3 2025 Unaudited Financial Results

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November 4, 2025 · 8:30 AM UTC

Innovative Eyewear Unveils Four New Lucyd Armor® ChatGPT-enabled Smart Safety Glasses & New ANSI Certification

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October 6, 2025 · 8:00 AM UTC

Innovative Eyewear Reports Strong International Expansion at SILMO Paris 2025, Securing Key European Distribution Partners

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September 24, 2025 · 8:00 AM UTC

Innovative Eyewear Reports Strong Results from Vision Expo West 2025

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September 10, 2025 · 8:30 AM UTC

Innovative Eyewear, Inc. Announces New Verbal Translation Feature for the Lucyd ChatGPT App

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