INNOVATIVE EYEWEAR INC Stock Price, News & Analysis

Innovative Eyewear (NASDAQ: LUCY) has announced significant updates to its Lucyd app for iOS and Android platforms. The app, which pioneered voice access to ChatGPT in smart eyewear, now features enhanced in-app shopping with prescription customization, new Siri commands for Walkie-talkie features, and improved natural voice output for AI interactions.

Key improvements include streamlined app shopping experience, hands-free Walkie channel management through Siri commands, and overall user interface enhancements. The app has achieved approximately 15,000 downloads without significant marketing efforts and offers a Pro version at $7.99/month with unlimited ChatGPT queries and secure Walkie channels for business applications.

Innovative Eyewear (NASDAQ: LUCY) reported its Q1 2025 unaudited financial results, showing revenue growth and margin improvements. Revenue reached $454,501, up 19% from Q1 2024's $383,471, driven by new product launches including Nautica® and Eddie Bauer® collections. Gross profit margin significantly improved to 49% from 2% in Q1 2024, due to lower frame costs and improved lens fulfillment efficiency. Despite these improvements, the company reported a net loss of $1,778,703 ($0.72 per share), though smaller than Q1 2024's loss of $1,971,311. Operating expenses increased 11% to $2,124,324. The company recently launched Reebok® Powered by Lucyd sport smart sunglasses in April 2025 and expanded its sales team to support growth initiatives.

Innovative Eyewear (NASDAQ: LUCY) has formed a strategic partnership with Eye Recommend to distribute its smart eyewear products across more than 600 independent optical practices in Canada. The partnership will expand the availability of Innovative Eyewear's brands including Lucyd®, Nautica®, Eddie Bauer® and Reebok® throughout the Canadian market.

A key highlight is the distribution of Lucyd Armor™ smart safety glasses, which recently received CSA certification for workplace safety use in Canada. Eye Recommend, as a buying group, will facilitate simplified billing and provide continuing education training to eye care professionals, making it easier for independent optometrists to access Innovative Eyewear's products.

Innovative Eyewear (NASDAQ: LUCY) announces EU certification for its Lucyd Armor™ smart safety glasses, meeting EN 166:2002 standards for workplace use. Launched in Q4 2024, Lucyd Armor has become the company's fastest-selling product, now expanding beyond US, Canadian, and UK markets.

The European safety eyewear market, valued at $1.3b in 2024, is projected to reach $1.6b by 2030 with a 3.5% CAGR. The company is in discussions with distributors for European, Asian, and LATAM market expansion.

Lucyd Armor features include photochromic lenses, Walkie function, high-fidelity audio, and Rx-adaptability. The company plans to launch additional variants, including sunglass and full-range prescription versions. The product is currently available on Lucyd.co and Amazon with prescriptions ranging from SPH -3 to +8.

Innovative Eyewear (NASDAQ: LUCY) has launched 'Moonbeam', a new AI-integrated smart eyewear under its Lucyd® brand. The round-frame P3 optical design targets underserved demographics, specifically women, youth, and men with narrow faces.

The new product features key technological capabilities including:

• Open-ear audio technology
• ChatGPT and voice assistant integration
• Enhanced ergonomic controls for calls and audio
• Lightweight construction for all-day wear

Moonbeam is currently available through Lucyd.co with prescription options and will be distributed via select retail partners and online marketplaces.

Innovative Eyewear (NASDAQ: LUCY) reported its full year 2024 financial results, showing a 42% revenue increase to $1,636,440 from $1,152,479 in 2023. The growth was driven by new product launches including Nautica®, Eddie Bauer®, and Lucyd Armor safety smart glasses collections.

The company's gross profit margin improved to 13% in 2024 from -10% in 2023, primarily due to reduced frame and lens costs. However, operating expenses increased 21% to $8,138,892, largely due to higher sales and marketing expenses (+32%) and legal costs. The net loss for 2024 was $7,766,515 ($5.19 per share).

Q4 2024 marked the company's highest quarterly revenue at $690,688, up 12% year-over-year, with gross margin improving to 14%. The company expanded its retail presence to over 400 optical stores and partnered with Nebraska Furniture Mart. Looking ahead, LUCY plans to launch Reebok® smart glasses lines in 2025.

Innovative Eyewear (NASDAQ: LUCY) has announced a significant update to its Lucyd App's Walkie feature, introducing secure and private walkie channels for premium subscribers. The enhancement enables encrypted communication through Lucyd smart eyewear, targeting businesses and organizations requiring confidential communication.

The update, launched on February 24, 2025, is available to premium subscribers at $7.99/month. The secure walkie channels are designed for various sectors including corporate teams, healthcare facilities, retail operations, and logistics & security personnel. The feature allows hands-free, private communication through Lucyd glasses, which are available under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands.

Innovative Eyewear (Nasdaq: LUCY) has announced its participation in MIDO 2025, the world's leading eyewear exhibition in Milan, Italy, from February 8th to 10th. The company will debut its Reebok Smart Eyewear line, designed for active lifestyles, featuring integrated wearable audio technology with lightweight, sport-focused frames.

The new collection offers enhanced audio features including crystal-clear open-ear audio, deeper bass, and seamless connectivity with voice assistants and fitness apps. Key features include hi-fi sound performance, professional audio tuning, and customizable lens options including prescription, polarized, and transition lenses.

Visitors to the Lucyd booth can experience the complete product lineup, including the Lucyd Lyte, Nautica, Eddie Bauer, and Armor Smart Safety Eyewear Collections. The company will also provide exclusive previews of its next-generation products during the exhibition.

Innovative Eyewear (NASDAQ: LUCY) has announced a new retail partnership with Micro Center, a leading U.S. tech retailer, to expand the distribution of its ChatGPT-enabled smart eyewear products. The partnership includes nationwide in-store presence and online sales through microcenter.com, featuring brands like Lucyd®, Nautica®, Eddie Bauer® and Reebok®.

The collaboration will incorporate Lucyd's customizable interactive displays in Micro Center stores to enhance customer experience and sales performance. The deal was facilitated through Innovative's partnership with Windsor Eyes, their premier optical distributor in the U.S. Micro Center, established in 1979 in Columbus, Ohio, is recognized as a major supplier of information technology, communications, and electronic devices across major U.S. markets.