Innovative Eyewear, Inc. · NASDAQ:LUCY
Innovative Eyewear — Investor Presentation (December 2022)
21 slides from Innovative Eyewear's investor presentation, Dec 28, 2022
Slide 1: Innovative Eyewear Inc. Investor Presentation – Dec. 2022
Innovative Eyewear Inc. Nasdaq: LUCY _________________________________ Investor Presentation – Dec. 2022 © 2022 Innovative Eyewear, Inc.
Slide 2: Important Notice
IMPORTANT NOTICE This presentation contains “forward looking statements” within the meaning of Section 27 A of the Securities Act of 1933 as amended, or the Securities Act, and Section 21 E of the Securities Exchange Act of 1934 or the Exchange Act . All statements other than statements of historica
Slide 3: Our Mission: Upgrade Your Eyewear
Our Mission UPGRADE YOUR EYEWEAR® For every activity, Lucyd glasses protect your vision while keeping you safely connected to your digital life. With our designer, open - ear Bluetooth® glasses, customers can stay focused on their surroundings while making calls, listening to music and using voice a
Slide 4: Prescription. Tech. Fashion.
PRESCRIPTION. TECH. FASHION. Innovative Eyewear is positioned to become a leading player in smart eyewear by offering Bluetooth glasses with prescription and sunglass lenses at a competitive price. Lucyd Lyte launched January 2021 at $149. Innovative Eyewear acquired multi - year licenses to the Nau
Slide 5: Strong Core Business with Clear Pathways to Growth
INNOVATIVE EYEWEAR: STRONG CORE BUSINESS WITH CLEAR PATHWAYS TO GROWTH Robust IP Portfolio: » 44 pending and granted patents. Ownership of the Lucyd brand and multi - year license to the Nautica and Eddie Bauer fashion brands for smart eyewear Cross - Industry Pioneers: » Combining the traditional e
Slide 6: Unique Product Capabilities
UNIQUE PRODUCT CAPABILITIES Hands - Free Utility Lucyd frames let you answer and decline calls, listen to music and speak with digital assistants like Siri® and Google Voice®, all with quick and simple touch controls. Voice Assistants on Demand Make the most of Siri® and other AI assistants. Record
Slide 7: Unique Product Capabilities: Robust Intellectual Property Portfolio
UNIQUE PRODUCT CAPABILITIES The company exclusively licensed an intellectual property portfolio designed to protect its unique eyewear designs and certain technological producty features. ROBUST INTELLECTUAL PROPERTY PORTFOLIO 47 Patents & Applications The Company has exclusively licensed 41 patents
Slide 8: The Lucyd Brand Makes Upgrading Your Eyewear Easy
ANY RX AVAILABLE Available with any prescription, including progressive. CUSTOMIZED VISION & SHOPPING EXPERIENCE Enhanced customer experience with 7 - day trial period & fast global shipping. CELEBRITY BRAND OFFICERS Endorsed by Chris Clark, PGA golfer; Monique Billings, WNBA star; Hadar Adora, musi
Slide 9: Key Competitors
KEY COMPETITORS KEY COMPETITORS *Note: Actual battery life of all products will depend on customer use. Data in the above table is based on publicly available product information, as of December 2021.
Slide 10: A Wearable Ecosystem
A WEARABLE ECOSYSTEM We believe that the human voice has gone missing lately . Similar to Clubhouse and Discord, we are bringing it into the online era with Vyrb ϱ , a full social media platform focused on audio . CORE FEATURES IN DEVELOPMENT Verbal Posting Speak your mind to the Vyrb ϱ network and
Slide 11: Growth Timeline Accelerated by Strong Team, Crowdfund Investors
Dec. 2019 – Dec. 2020 Development and testing of beta prototypes. Aug. 2019 Mar. 2021 Jun. 2021 Dec . 2021 August 15 – organized as Innovative Eyewear, LLC .; Tekcapital equity investment of $2.2 M Jan. 2021 Launch of Lucyd Lyte Smart Eyewear April 2021 – Raised $1.05 M in REG CF Crowdfund Entered i
Slide 12: Lyte: Low-Cost Smart Glasses
In January 2021 we introduced six beautiful, low - cost smart glasses that look and feel like designer glasses, suitable for all - day prescription wear. With six styles and a full range of lens options, Lyte is world’s most customizable smart eyewear.
Slide 13: Six Additional Lyte Titanium & Sport Frames
SIX ADDITIONAL LYTE® TITANIUM & SPORT FRAMES LAUNCHED OCTOBER 2021 Zz @ z 5 4 <z = Ee & n an NITROUS
Slide 14: New Products and Features in Development
NEW PRODUCTS AND FEATURES IN DEVELOPMENT Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 - Q3 2023 In - store digital try - on kiosk to key retailers; Upgrade try - on kiosk to enable in - store re - ordering and viewing multiple lens options on the smart glasses. Introduce cordless charging dock ; Four new styl
Slide 15: Multiple Large Addressable Markets, Blue Chip Distribution Channels
Lyte addresses consumer needs in three large sectors: eyewear, hearables & digital assistants. U.S. ADDRESSABLE MARKET: $28.3 billion* Our major distribution channels are: • E - commerce (Lucyd.co, Amazon & BestBuy.com) • Optical stores • Big Box stores • Sporting goods stores • Specialty apparel st
Slide 16: Capital Light Distribution Model
Traditional Eyewear Distribution Company owned Optical stores Existing Optical stores Sporting Goods Stores Big Box Retail Stores Safety Eyewear Channels CAPITAL LIGHT DISTRIBUTION MODEL E - commerce E - commerce VS . Specialty Retail Stores Innovative Eyewear Distribution
Slide 17: Meet the Directors
Harrison Gross CEO & Cofounder Former digital media manager at Tekcapital PLC, eyewear innovator. Graduate of Columbia University. WE HAVE ASSEMBLED A BOARD WITH 80 + YEARS OF COMBINED EYEWEAR EXPERIENCE, TO EMPOWER LUCYD TO BECOME A LEADING BRAND IN THE SMART EYEWEAR INDUSTRY. MEET THE DIRECTORS Lo
Slide 18: Meet the Team
WE WERE FOUNDED BY A GROUP OF LIKE - MINDED ENTREPRENEURS WITH THE GOAL OF REVOLUTIONIZING EYEWEAR TO ENHANCE SAFETY & DIGITAL CONNECTIVITY. MEET THE TEAM David E. Cohen CTO & Cofounder Eric’s background is in development of web aps for e - commerce, website design and mobile applications. Eric has
Slide 19: Financial Results
FINANCIAL RESULTS SSOVAIIVE EYEWEAR ING Revenues, net LLese Coat of Goods Sold cos Prt Total Operating Expen: Expense Interest Expense Total ter Expenses Not Loss Weighted average numberof shares outstanding Earnings per share, basic and diluted STOR SaOTES 205.1 dete (alort) © Gastas) © nese) ed fe
Slide 20: Leading Smart Eyewear Innovator
Leading smart eyewear Innovator Lucyd provides prescription smart frames direct - to - consumer and through retail distribution . Lucyd has 47 patents granted and pending, and 11 trademarks forming a growing IP position . After numerous beta prototypes, Lucyd launched its flagship product, Lucyd Lyt
Slide 21: Contact Us
Innovative Eyewear Inc . 11900 Biscayne Blvd . - Suite 630 North Miami, Florida 33181 Email : info@lucyd . co Investor Relations Scott Powell Skyline Corporate Communications Group, LLC One Rockefeller Plaza, 11 th Floor New York, NY 10020 USA Office : + 1 ( 646 ) 893 - 5835 Mobile : + 1 ( 917 ) 721
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