Innovative Eyewear, Inc.(LUCY)Earnings, Financials & Key Ratios
LUCY•NASDAQ
$1.05
$6M mkt cap·Price updated May 6, 2026
AboutInnovative Eyewear, Inc. develops and sells smart eyeglasses and sunglasses. The company's flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice. The company sells its products through various e-commerce and retail distribution channels. Innovative Eyewear, Inc. has a partnership with Lucyd. The company was founded in 2019 and is headquartered in North Miami, Florida. Innovative Eyewear, Inc. operates as a subsidiary of Lucyd Ltd.Show more
- Revenue$2M+42.0%
- EBITDA-$8M-14.8%
- Net Income-$8M-16.6%
- EPS (Diluted)-5.19+59.0%
- Gross Margin13.15%+227.0%
- EBITDA Margin-475.07%+19.1%
- Operating Margin-484.2%+18.6%
- Net Margin-474.6%+17.9%
- ROE-106%+23.8%
- ROIC-153.61%+73.6%
LUCY Key Insights
Innovative Eyewear, Inc. (LUCY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 220.7%
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 15 (bottom 15%)
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
LUCY Price & Volume
Innovative Eyewear, Inc. (LUCY) stock price & volume — 10-year historical chart
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LUCY Growth Metrics
Innovative Eyewear, Inc. (LUCY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years220.74%
3 Years33.31%
TTM53.22%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM2.33%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-12302.08%
Return on Capital
10 Years-513.36%
5 Years-513.36%
3 Years-169.65%
Last Year-107.84%
LUCY Peer Comparison
Innovative Eyewear, Inc. (LUCY) competitors in Dental and vision care devices — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VSCO | 4.12B | 51.56 | 25.27 | 0.78% | 2.67% | 24.95% | 4.06 | |
 LSCC | 17.15B | 125.19 | 5613.90 | 2.72% | 3.46% | 2.79% | 0.11 | |
 CLPS | 25.89M | 0.93 | -3.56 | 15.17% | -1.27% | -6.06% | 0.59 | |
 SMPL | 1.26B | 12.63 | 12.38 | 8.98% | 6.26% | 5.23% | 0.17 | |
 PRPH | 5.82M | 0.14 | -0.05 | -84.75% | -38.72% | -6.08% | 3.34 | |
 AAPL | 4.22T | 287.46 | 38.53 | 6.43% | 27.15% | 146.69% | 1.52 | |
 META | 1.55T | 612.88 | 26.09 | 22.17% | 32.84% | 33.22% | 0.39 | |
 GOOG | 4.78T | 395.07 | 36.55 | 15.13% | 37.91% | 38.98% | 0.14 |
Compare LUCY vs Peers
Innovative Eyewear, Inc. (LUCY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LUCY Income Statement
Innovative Eyewear, Inc. (LUCY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 4.82K | 57K | 690.67K | 659.79K | 1.15M | 1.64M | 2.39M |
| Revenue Growth % | - | 1082.27% | 1111.77% | -4.47% | 74.67% | 41.99% | 53.22% |
| Cost of Goods Sold | 7.74K | 74.27K | 542.42K | 716.08K | 1.27M | 1.42M | 1.85M |
| COGS % of Revenue | 160.44% | 130.3% | 78.53% | 108.53% | 110.35% | 86.85% | - |
| Gross Profit | -2.91K▲ 0% | -17.27K▼ 492.6% | 148.25K▲ 958.5% | -56.29K▼ 138.0% | -119.33K▼ 112.0% | 215.19K▲ 280.3% | 546.42K▲ 0% |
| Gross Margin % | -60.44% | -30.3% | 21.47% | -8.53% | -10.35% | 13.15% | 22.84% |
| Gross Profit Growth % | - | -492.62% | 958.5% | -137.97% | -111.99% | 280.33% | - |
| Operating Expenses | 106.51K | 635.74K | 3.35M | 5.52M | 6.74M | 8.14M | 8.71M |
| OpEx % of Revenue | 2209.35% | 1115.39% | 485.52% | 836.69% | 584.5% | 497.35% | - |
| Selling, General & Admin | 46.32K | 468.85K | 3.16M | 4.86M | 5.93M | 7.18M | 7.75M |
| SG&A % of Revenue | 960.84% | 822.58% | 457.11% | 735.95% | 514.89% | 438.73% | - |
| Research & Development | 4.08K | 36.89K | 86.26K | 524.69K | 662.18K | 819.39K | 823.7K |
| R&D % of Revenue | 84.69% | 64.73% | 12.49% | 79.52% | 57.46% | 50.07% | - |
| Other Operating Expenses | 56.11K | 130K | 109.97K | 140K | 140K | 140K | 140K |
| Operating Income | -109.43K▲ 0% | -653.01K▼ 496.8% | -3.21M▼ 390.8% | -5.58M▼ 74.0% | -6.86M▼ 22.9% | -7.92M▼ 15.6% | -8.17M▲ 0% |
| Operating Margin % | -2269.8% | -1145.69% | -464.05% | -845.22% | -594.85% | -484.2% | -341.41% |
| Operating Income Growth % | - | -496.75% | -390.82% | -73.99% | -22.93% | -15.58% | - |
| EBITDA | -109.43K | -652.01K | -3.2M | -5.54M | -6.77M | -7.77M | -8.03M |
| EBITDA Margin % | -2269.8% | -1143.95% | -462.94% | -840.28% | -587.45% | -475.07% | -335.45% |
| EBITDA Growth % | - | -495.84% | -390.39% | -73.39% | -22.12% | -14.83% | 1.68% |
| D&A (Non-Cash Add-back) | 0 | 994 | 7.68K | 32.57K | 85.26K | 149.39K | 142.5K |
| EBIT | -109.43K | -763.22K | -3.21M | -5.58M | -6.66M | -7.77M | -8.12M |
| Net Interest Income | 0 | -4.97K | -39.43K | -105.17K | -3.04K | 0 | 125.09K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 125.09K |
| Interest Expense | 0 | 4.97K | 39.43K | 105.17K | 3.04K | 0 | 0 |
| Other Income/Expense | 0 | -115.17K | -39.43K | -105.17K | 192.11K | 157.19K | 321.19K |
| Pretax Income | -109.43K▲ 0% | -768.18K▼ 602.0% | -3.24M▼ 322.4% | -5.68M▼ 75.1% | -6.66M▼ 17.3% | -7.77M▼ 16.6% | -7.85M▲ 0% |
| Pretax Margin % | -2269.8% | -1347.76% | -469.76% | -861.16% | -578.18% | -474.6% | -327.98% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -109.43K▲ 0% | -768.18K▼ 602.0% | -3.24M▼ 322.4% | -5.68M▼ 75.1% | -6.66M▼ 17.3% | -7.77M▼ 16.6% | -7.85M▲ 0% |
| Net Margin % | -2269.8% | -1347.76% | -469.76% | -861.16% | -578.18% | -474.6% | -327.98% |
| Net Income Growth % | - | -602.01% | -322.36% | -75.12% | -17.28% | -16.55% | 2.33% |
| Net Income (Continuing) | -109.43K | -768.18K | -3.24M | -5.68M | -6.66M | -7.77M | -7.85M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.64▲ 0% | -5.19▼ 96.6% | -12.37▼ 138.3% | -17.41▼ 40.7% | -12.67▲ 27.2% | -5.19▲ 59.0% | -1.61▲ 0% |
| EPS Growth % | - | -96.59% | -138.34% | -40.74% | 27.23% | 59.04% | -12302.08% |
| EPS (Basic) | -2.64 | -5.19 | -12.37 | -17.41 | -12.67 | -5.19 | - |
| Diluted Shares Outstanding | 99.45K | 148.01K | 262.28K | 326.45K | 525.8K | 1.5M | 4.87M |
| Basic Shares Outstanding | 99.45K | 148.01K | 262.28K | 326.45K | 525.8K | 1.5M | 4.87M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
LUCY Balance Sheet
Innovative Eyewear, Inc. (LUCY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 0 | 141.8K | 644.33K | 4.24M | 5.62M | 9.24M | 10.6M |
| Cash & Short-Term Investments | 0 | 27.02K | 79.73K | 3.59M | 4.29M | 7.52M | 8M |
| Cash Only | 0 | 27.02K | 79.73K | 3.59M | 4.29M | 2.63M | 6.7M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 4.9M | 1.3M |
| Accounts Receivable | 0 | 0 | 43.39K | 110.26K | 93.21K | 131.31K | 83.36K |
| Days Sales Outstanding | - | - | 22.93 | 61 | 29.52 | 29.29 | 13.82 |
| Inventory | 0 | 89.78K | 275.5K | 94.7K | 856.76K | 831.76K | 1.63M |
| Days Inventory Outstanding | - | 441.25 | 185.39 | 48.27 | 245.88 | 213.61 | 260.48 |
| Other Current Assets | 0 | 0 | 112.61K | 36.24K | 65.7K | 59.45K | 53.19K |
| Total Non-Current Assets | 0 | 89.86K | 179.99K | 449.15K | 601.99K | 600.09K | 576.23K |
| Property, Plant & Equipment | 0 | 0 | 20.28K | 119.75K | 132.85K | 107.56K | 58.24K |
| Fixed Asset Turnover | - | - | 34.05x | 5.51x | 8.68x | 15.21x | 27.25x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 69.21K | 159.71K | 247.63K | 396.5K | 451.3K | 421.49K |
| Long-Term Investments | 0 | 20.65K | 11.23K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 111.15K | 81.78K | 72.64K | 41.23K | 274.42K |
| Total Assets | 0▲ 0% | 231.66K▲ 0% | 824.32K▲ 255.8% | 4.69M▲ 468.9% | 6.22M▲ 32.6% | 9.84M▲ 58.2% | 11.18M▲ 0% |
| Asset Turnover | - | 0.25x | 0.84x | 0.14x | 0.19x | 0.17x | 0.23x |
| Asset Growth % | - | - | 255.83% | 468.94% | 32.6% | 58.2% | 171.43% |
| Total Current Liabilities | 483.82K | 765.85K | 616.8K | 600K | 624.49K | 737.72K | 884.65K |
| Accounts Payable | 0 | 51.41K | 167.05K | 275.66K | 581.99K | 692.82K | 772.22K |
| Days Payables Outstanding | - | 252.67 | 112.41 | 140.51 | 167.03 | 177.93 | 111.78 |
| Short-Term Debt | 0 | 599.54K | 289.03K | 61.36K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 30K | 42.5K | 44.9K | 243.63K |
| Other Current Liabilities | 0 | 114.9K | 160.72K | 232.99K | 0 | 0 | 0 |
| Current Ratio | - | 0.19x | 1.04x | 7.07x | 8.99x | 12.52x | 12.52x |
| Quick Ratio | - | 0.07x | 0.60x | 6.91x | 7.62x | 11.40x | 11.40x |
| Cash Conversion Cycle | - | - | 95.91 | -31.24 | 108.38 | 64.97 | 162.52 |
| Total Non-Current Liabilities | 0 | 0 | 0 | 65.45K | 35.45K | 5.45K | 40.35K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 92.81K |
| Total Liabilities | 483.82K | 765.85K | 616.8K | 665.46K | 659.94K | 743.17K | 925K |
| Total Debt | 0 | 599.54K | 289.03K | 61.36K | 0 | 0 | 0 |
| Net Debt | 0 | 572.52K | 209.3K | -3.53M | -4.29M | -2.63M | -6.7M |
| Debt / Equity | - | - | 1.39x | 0.02x | - | - | 0.00x |
| Debt / EBITDA | - | - | - | - | - | - | -0.00x |
| Net Debt / EBITDA | - | - | - | - | - | - | 0.83x |
| Interest Coverage | - | -131.50x | -81.28x | -53.02x | -2258.08x | - | - |
| Total Equity | -483.82K▲ 0% | -534.19K▼ 10.4% | 207.52K▲ 138.8% | 4.02M▲ 1839.3% | 5.56M▲ 38.1% | 9.1M▲ 63.6% | 10.25M▲ 0% |
| Equity Growth % | - | -10.41% | 138.85% | 1839.33% | 38.13% | 63.62% | 203.02% |
| Book Value per Share | -4.87 | -3.61 | 0.79 | 12.33 | 10.57 | 6.08 | 2.10 |
| Total Shareholders' Equity | -483.82K | -534.19K | 207.52K | 4.02M | 5.56M | 9.1M | 10.25M |
| Common Stock | 0 | 41 | 60 | 73 | 129 | 25 | 52 |
| Retained Earnings | -611.46K | -1.38M | -4.62M | -10.31M | -16.97M | -24.74M | -30.46M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -11.23K | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LUCY Cash Flow Statement
Innovative Eyewear, Inc. (LUCY) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 0 | -40.26K | -1.21M | -3.22M | -5.77M | -6.74M | -6.74M |
| Operating CF Margin % | - | -70.64% | -175.79% | -488.71% | -500.34% | -411.85% | - |
| Operating CF Growth % | - | - | -2915.57% | -165.57% | -78.83% | -16.88% | -145.25% |
| Net Income | -109.43K | -768.18K | -3.24M | -5.68M | -6.66M | -7.77M | -7.85M |
| Depreciation & Amortization | 0 | 994 | 7.68K | 32.57K | 85.26K | 149.39K | 142.5K |
| Stock-Based Compensation | 0 | 81.64K | 1.33M | 1.47M | 936.77K | 774.79K | 796.27K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 109.43K | 653.51K | 868.87K | 1.18M | 238.89K | 389.69K | 176.42K |
| Working Capital Changes | 0 | -8.22K | -181.13K | -230.78K | -363.79K | -286.98K | -1.14M |
| Change in Receivables | 0 | 0 | -43.39K | -183.09K | 0 | -4.57K | -15.61K |
| Change in Inventory | 0 | -29.67K | -250.44K | 47.77K | 0 | -399.59K | -1.15M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 426.94K |
| Cash from Investing | 0 | -59.04K | -118.45K | -219.95K | -198.75K | -5.16M | 3.59M |
| Capital Expenditures | 0 | -59.04K | -20.78K | -121.56K | -78.46K | -62.2K | -116.9K |
| CapEx % of Revenue | - | 103.58% | 3.01% | 18.42% | 6.81% | 3.8% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -97.67K | -98.39K | -171.09K | -204.77K | -19.12K |
| Cash from Financing | 0 | 126.33K | 1.39M | 6.96M | 6.66M | 10.24M | 6.43M |
| Debt Issued (Net) | 0 | 0 | 1M | 822K | -109.5K | 0 | -39.11K |
| Equity Issued (Net) | 0 | 126.33K | 492.15K | 6.13M | 4.12M | 6.59M | 6.51M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -111.15K | 6.68K | 2.66M | 3.65M | -34.41K |
| Net Change in Cash | 0▲ 0% | 27.02K▲ 0% | 52.7K▲ 95.0% | 3.51M▲ 6562.5% | 696.34K▼ 80.2% | -1.66M▼ 338.2% | 2.16M▲ 0% |
| Free Cash Flow | 0▲ 0% | -99.3K▲ 0% | -1.33M▼ 1242.0% | -3.44M▼ 158.5% | -6.02M▼ 74.7% | -7.01M▼ 16.4% | -7.97M▲ 0% |
| FCF Margin % | - | -174.22% | -192.95% | -522.04% | -522.16% | -428.16% | -333.09% |
| FCF Growth % | - | - | -1241.98% | -158.47% | -74.71% | -16.43% | -32.08% |
| FCF per Share | - | -0.67 | -5.08 | -10.55 | -11.45 | -4.68 | -4.68 |
| FCF Conversion (FCF/Net Income) | - | 0.05x | 0.37x | 0.57x | 0.87x | 0.87x | 1.02x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LUCY Key Ratios
Innovative Eyewear, Inc. (LUCY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -1563.5% | -268.52% | -139.06% | -106% | -82.35% |
| Return on Invested Capital (ROIC) | - | -1056.28% | -917.72% | -582.28% | -153.61% | -153.61% |
| Gross Margin | -30.3% | 21.47% | -8.53% | -10.35% | 13.15% | 22.84% |
| Net Margin | -1347.76% | -469.76% | -861.16% | -578.18% | -474.6% | -327.98% |
| Debt / Equity | - | 1.39x | 0.02x | - | - | 0.00x |
| Interest Coverage | -131.50x | -81.28x | -53.02x | -2258.08x | - | - |
| FCF Conversion | 0.05x | 0.37x | 0.57x | 0.87x | 0.87x | 1.02x |
| Revenue Growth | 1082.27% | 1111.77% | -4.47% | 74.67% | 41.99% | 53.22% |
LUCY Frequently Asked Questions
Innovative Eyewear, Inc. (LUCY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Innovative Eyewear, Inc. (LUCY) reported $2.4M in revenue for fiscal year 2024. This represents a 49528% increase from $0.0M in 2019.
Innovative Eyewear, Inc. (LUCY) grew revenue by 42.0% over the past year. This is strong growth.
Innovative Eyewear, Inc. (LUCY) reported a net loss of $7.8M for fiscal year 2024.
Dividend & Returns
Innovative Eyewear, Inc. (LUCY) has a return on equity (ROE) of -106.0%. Negative ROE indicates the company is unprofitable.
Innovative Eyewear, Inc. (LUCY) had negative free cash flow of $8.0M in fiscal year 2024, likely due to heavy capital investments.
Explore More LUCY
Innovative Eyewear, Inc. (LUCY) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates