Business
Innovative Eyewear Inc. Reports Q1 2026 Unaudited Financial Results
Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), ("Innovative Eyewear" or the "Company") the developer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® brands, today announced its unaudited financial results for the quarter ended March 31, 2026.
About this update from Innovative Eyewear, Inc.
[{"type":"text","content":"First Quarter Revenue Increased 70% Year Over Year ","length":50,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI, May 14, 2026 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), ("Innovative Eyewear" or the "Company") the developer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® brands, today announced its unaudited financial results for the quarter ended March 31, 2026.","length":336,"tagName":"p"},{"type":"image","alt":"Lucyd Armor® smart safety glasses. Image courtesy Innovative Eyewear, Inc.","displaySize":"","headline":null,"caption":"Lucyd Armor® smart safety glasses. Image courtesy Innovative Eyewear, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":343,"url":"https://media.zenfs.com/en/prnewswire.com/ff7c38de5156ab9d884ce4a23eff01fc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NoPEQxPLmo69ax2u.DRz9w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTYwNQ--/https://media.zenfs.com/en/prnewswire.com/ff7c38de5156ab9d884ce4a23eff01fc","width":400,"height":343},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/BVkMeEsNeuUVnSTMpTTwfA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTU0OQ--/https://media.zenfs.com/en/prnewswire.com/ff7c38de5156ab9d884ce4a23eff01fc","width":400,"height":343}},"href":"https://mma.prnewswire.com/media/2980674/lucy_red_dot_q1_2026.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Net revenue for the three months ended March 31, 2026 (the "current quarter") was $773,561, an increase of $319,060 or 70% from the three months ended March 31, 2025. The first quarter of 2026 marks the 11th consecutive quarter of year-over-year revenue growth. This top-line revenue growth was primarily driven by volume increases from sales of the Company's highly successful Lucyd Armor® smart safety glasses, which represented approximately two-thirds of the Company's total smartglass units sold in the current quarter.","length":542,"tagName":"p"},{"type":"text","content":"The volume increases from Lucyd Armor® were partially offset by lower volumes in certain of the Company's other smartglass product lines, reflecting a strategic realignment of the Company's product mix. Specifically, the Company is intentionally shifting sales volume toward the higher-ROI Lucyd Armo...