LUCY

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Innovative Eyewear, Inc.

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Key Metrics

Previous Close: $0.68
52-Week Range: $0.65 – $2.24
Market Cap: $5.89M
P/E (TTM): —
EPS (TTM): -1.16
Dividend Yield: —

Advanced Metrics

Price/Book: 0.41
PEG Ratio: —
Return on Equity: -102.40%
Return on Assets: -64.31%
Gross Margin: 17.52%
Operating Margin: -306.60%
Profit Margin: -272.48%
Current Ratio: 8.02
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $-5.31M
Revenue Growth: 70.20%
Earnings Growth: —
Enterprise Value: $-975.38K

LUCY Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$659.79K	$1.15M	$1.64M	$2.66M
Cost of Revenue	$716.08K	$1.27M	$1.42M	$2.09M
Gross Profit	-$56.29K	-$119.33K	$215.19K	$567.45K
Research & Development	$524.69K	$662.18K	$819.39K	$725.39K
Selling, General & Admin	$4.86M	$5.93M	$7.18M	$8.20M
Operating Expenses	$5.52M	$6.74M	$8.14M	$9.06M
Operating Income	-$5.58M	-$6.86M	-$7.92M	-$8.49M
EBITDA	-$5.54M	-$6.58M	-$7.77M	-$8.36M
Pretax Income	-$5.68M	-$6.66M	-$7.77M	-$7.59M
Net Income	-$5.68M	-$6.66M	-$7.77M	-$7.59M
Diluted EPS	-17.40	-10.87	-5.19	-1.90
Diluted Shares	326447	613000	1.50M	3.99M

LUCY Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$3.59M	$4.29M	$2.63M	$6.51M
Receivables	$110.26K	$99.47K	$131.31K	$476.73K
Inventory	$94.70K	$533.24K	$831.76K	$1.75M
Current Assets	$4.24M	$5.62M	$9.24M	$9.44M
Total Assets	$4.69M	$6.22M	$9.84M	$10.14M
Current Liabilities	$600.00K	$624.49K	$737.72K	$1.05M
Total Debt	$61.36K	—	—	—
Total Liabilities	$665.46K	$659.94K	$743.17K	$1.07M
Retained Earnings	-$10.31M	-$16.97M	-$24.74M	-$32.33M
Shareholders' Equity	$4.02M	$5.56M	$9.10M	$9.07M
Working Capital	$3.64M	$4.99M	$8.50M	$8.39M

LUCY Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$3.22M	-$5.77M	-$6.74M	-$7.28M
Capital Expenditure	-$219.95K	-$251.50K	-$266.97K	-$249.73K
Free Cash Flow	-$3.44M	-$6.02M	-$7.01M	-$7.53M
Depreciation & Amortisation	$32.57K	$85.26K	$149.39K	$135.34K
Stock-Based Compensation	$1.47M	$936.77K	$774.79K	$738.17K
Investing Cash Flow	-$219.95K	-$198.75K	-$5.16M	$4.48M
Financing Cash Flow	$6.96M	$6.66M	$10.24M	$6.68M
Net Change in Cash	$3.51M	$696.34K	-$1.66M	$3.88M

LUCY Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$454.50K	$579.23K	$668.13K	$959.81K	$773.56K
Cost of Revenue	$233.97K	$591.89K	$423.29K	$845.06K	$598.12K
Gross Profit	$220.53K	-$12.66K	$244.84K	$114.75K	$175.44K
Research & Development	$210.58K	$268.22K	$129.98K	$116.60K	$138.11K
Selling, General & Admin	$1.88M	$1.86M	$2.00M	$2.46M	$2.37M
Operating Expenses	$2.12M	$2.16M	$2.17M	$2.61M	$2.55M
Operating Income	-$1.90M	-$2.17M	-$1.92M	-$2.50M	-$2.37M
EBITDA	-$1.87M	-$2.13M	-$1.89M	-$2.47M	-$2.34M
Pretax Income	-$1.78M	-$2.11M	-$1.84M	-$1.87M	-$2.31M
Net Income	-$1.78M	-$2.11M	-$1.84M	-$1.87M	-$2.31M
Diluted EPS	-0.72	-0.66	-0.38	—	-0.37
Diluted Shares	2.45M	3.21M	4.87M	—	6.25M

LUCY Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$5.26M	$7.63M	$6.70M	$6.51M	$4.38M
Receivables	$89.66K	$57.96K	$83.36K	$476.73K	$71.51K
Inventory	$1.13M	$1.68M	$1.63M	$1.75M	$1.40M
Current Assets	$7.33M	$11.33M	$10.60M	$9.44M	$8.75M
Total Assets	$7.94M	$11.94M	$11.18M	$10.14M	$9.48M
Current Liabilities	$447.24K	$606.06K	$884.65K	$1.05M	$1.09M
Total Liabilities	$447.24K	$658.52K	$925.00K	$1.07M	$1.11M
Retained Earnings	-$26.51M	-$28.62M	-$30.46M	-$32.33M	-$34.64M
Shareholders' Equity	$7.49M	$11.28M	$10.25M	$9.07M	$8.37M
Working Capital	$6.88M	$10.73M	$9.71M	$8.39M	$7.66M

LUCY Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$2.31M	-$2.12M	-$1.50M	-$1.35M	-$2.49M
Capital Expenditure	-$59.77K	—	-$14.84K	-$175.13K	-$57.21K
Free Cash Flow	-$2.37M	-$2.12M	-$1.51M	-$1.53M	-$2.55M
Depreciation & Amortisation	$33.87K	$39.88K	$28.47K	$33.12K	$29.12K
Stock-Based Compensation	$183.00K	$172.21K	$176.80K	$206.15K	$208.49K
Investing Cash Flow	$4.94M	-$1.27M	-$14.84K	$824.87K	-$1.05M
Financing Cash Flow	$0.00	$5.76M	$584.40K	$336.96K	$1.40M
Net Change in Cash	$2.63M	$2.37M	-$927.87K	-$188.48K	-$2.13M

Market Snapshot

About

Innovative Eyewear, Inc. designs and sells smart eyewear products that integrate technology into prescription glasses and sunglasses. The company markets products under brands including Lucyd, Eddie Bauer, and Nautica. Their smart eyewear features Bluetooth connectivity, allowing users to listen to audio, take calls, and interact with voice assistants through frames.