Innovative Eyewear Third Quarter 2024 Earnings: US$0.99 loss per share (vs US$2.40 loss in 3Q 2023)

Innovative Eyewear (NASDAQ:LUCY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$253.6k (up 14% from 3Q 2023).
• Net loss: US$1.72m (loss widened by 11% from 3Q 2023).
• US$0.99 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Innovative Eyewear Earnings Insights

Looking ahead, revenue is forecast to grow 168% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 8.6% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Innovative Eyewear (at least 3 which are concerning), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.