Reported Earnings • Aug 16
Second quarter 2026 earnings released: US$0.26 loss per share (vs US$0.66 loss in 2Q 2025) Second quarter 2026 results: US$0.26 loss per share (improved from US$0.66 loss in 2Q 2025). Revenue: US$1.01m (up 75% from 2Q 2025). Net loss: US$1.67m (loss narrowed 21% from 2Q 2025). Revenue is forecast to grow 117% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Medical Equipment industry in the US. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Announcement • Jul 10
Innovative Eyewear Develops New Claude Ai Integration for All Lucyd Smart Eyewear Innovative Eyewear Inc. has developed a new Claude AI integration for its smart eyewear products, launching next week for all models of Lucyd glasses. The new integration provides fast, free access to the powerful Claude AI from Lucyd smart glasses via the Lucyd app. In the first version launching next week, the user activates the functionality by opening the Lucyd app, then chooses their preferred Claude model, and converses with it using the audio interface on Lucyd glasses. Some key features of the update: Multiple AI models in one place — chat with the best of OpenAI (ChatGPT) and Claude from a single screen. Switch models mid-conversation — move from ChatGPT to Claude without losing context; the conversation continues seamlessly. Understands your images and documents — upload a photo or a PDF and ask anything; the AI analyzes the content and responds. AI image generation — create images from a simple prompt and save them straight to your photo library with a single tap. Incognito Mode — private, ephemeral conversations that are never saved; when you leave, they're automatically wiped from the server. Conversation history — pick up any past chat right where you left off, organized by date. Rich content rendering — displays code with syntax highlighting, math formulas, tables, and formatted text, all natively. Answers with sources — when the AI pulls from the web, it shows its sources so you can verify the information. Real-time streaming responses — text appears word by word as the AI responds, for a fluid, immediate experience. In a future update, anticipated to launch in late Third Quarter 2026, users will be able to query Claude with the phone locked and in their pocket. This is similar to the Company's hands-free ChatGPT integration, which was the first hands-free voice interface for the world's largest LLM. Innovative Eyewear has a pending patent on multi-AI access glasses, and is bringing this functionality to all customers at no additional cost. New Risk • Jul 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.7m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Market cap is less than US$10m (US$4.87m market cap). Minor Risk Revenue is less than US$5m (US$3.0m revenue). 
