Innovative Eyewear IncLUCYW

NasdaqHealthcareOphthalmic Goods
Price (close)
$0.04
Market cap
—
P/E
—
Revenue (TTM)
$3.4M
Net income
-$7.7M
Dividend yield
—
1-year total return
-72.0%
Net margin
-225.3%
Revenue growth
72.5%
Debt / equity
—

What Innovative Eyewear Inc does.

We develop and sell cutting-edge smart eyewear – including prescription eyeglasses, ready-to-wear sunglasses, safety glasses, and sport glasses – that is designed to allow our customers to remain connected to their digital lives.

Founded and headquartered in Miami, Florida, we were initially organized as a Florida limited liability company effective August 15, 2019. On March 26, 2020, we converted from a Florida limited liability company into a Florida corporation.

We were founded by Lucyd Ltd., the inventor of the technology that our products are based upon, which is a portfolio company of Tekcapital Europe Ltd. (“Tekcapital”). Tekcapital is a U.K. based university intellectual property accelerator which builds portfolio companies around new technologies.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue—$690,670$659,788$1.2M$1.6M$2.7M
Net income—-$3.2M-$5.7M-$6.7M-$7.8M-$7.6M
Free cash flow—-$1.2M-$3.3M-$5.8M-$6.8M-$7.3M

More on LUCYW.

Figures from Innovative Eyewear Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.