Reported Earnings • May 17
First quarter 2026 earnings released: US$0.37 loss per share (vs US$0.72 loss in 1Q 2025) First quarter 2026 results: US$0.37 loss per share. Revenue: US$773.6k (up 70% from 1Q 2025). Net loss: US$2.31m (loss widened 30% from 1Q 2025). Revenue is forecast to grow 103% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Medical Equipment industry in the US. Announcement • May 16
Innovative Eyewear, Inc. Announces Real-Time AI Translated Calls For The Lucyd App Innovative Eyewear Inc. was the manufacturer of smart eyewear under the Lucyd, Lucyd Armor, Reebok, Eddie Bauer and Nautica brands, and announced a powerful new update to the Company's Lucyd app for iOS and Android - the ability for users to have automatically translated calls with other Lucyd app users. The Lucyd app was the first to enable voice access to ChatGPT in smart eyewear, and the Company uses the app to deploy useful new features to users of its smartglasses. Last year, the Company introduced the first translation functionality in the app, which enabled verbal translations, "hot-seat" style, with two or more users speaking between 17 languages to a single phone and connected smart glasses. This new feature brings Translate functionality to one on one calls in the Walkie applet, so users can speak freely in their native language on their device, and the other person will hear it translated instantly into their preferred language on their own device. The only requirement is that both users have the free Lucyd app and a web connection, delivering this powerful new functionality not only to our glasses users, but also users of any Bluetooth hearable. The process is smooth and instant, but involves a complex array of AI-assisted processes. First, the spoken language is transcribed and interpreted by the AI; then the speaker's voice itself is nearly muted while the AI verbalizes a translation of the transcript in the original user's own voice pattern to the second person's device. The result is authentic, human-sounding translations – not the robotic verbalizations common with many translation platforms. The initial launch supports English-Spanish bilateral translation, with additional languages planned to launch in the future. The feature was developed directly in response to needs in the construction and logistics industries, where multilingual teams, both on a single site and across job sites, are common. The Lucyd app now facilitates lightning-fast translations between any two people, whether or not they are physically together. Key Features of the Update: English to Spanish and Spanish to English translations made completely effortless, regardless of speaker proximity. "Freemium" model, with a $7.99/month subscription is required for more than 40 minutes of translated calls per day. Facilitates smoother workflows for multilingual teams. Makes the Lucyd app an all-in-one hub for both local and remote translation. Announcement • Apr 18
Innovative Eyewear, Inc. Launches New Reebok Optical Collection Innovative Eyewear Inc. announced the launch of six new styles in its Reebok Powered by Lucyd smart eyewear offering. This is the Company's first new collection designed to accommodate the prescription eyeglass market since the launch of its most recent Lucyd Lyte collection in December 2024. This collection of six frames offers several new features: Automatic power on and off via a new 'smart hinge' design, which automatically turns the glasses on and off when the temples are open and closed, respectively. This intuitive feature enhances convenience while helping preserve battery life. An all-new touch control system using unique touch sensors on the underside of each temple. Unlike most other smartglasses which use frustrating touchpads, the new Reebok collection has slim, unnoticeable yet tactile sensors which enable a host of user actions, such as activating the connected smartphone's voice assistant, adjusting volume, and call management. Rubberized nosepads and earpieces for extra grip, comfort and a sporty edge. Enhanced audio fidelity playback compared to previous optical collections. The new collection weighs approximately 1.2 oz, making the frames 20% lighter than the Lucyd Lyte 2025 collection, a significant improvement for comfortable all-day wear. New slim sizing is available on two of the models, with these frames perfectly sized for narrow-faced adults and young adults. The frames are available now at Lucyd.co. As a result of the Company's frequent trade show appearances in the last year, several retail partners have been secured for the new collection, including SportRx, a provider of prescription sport frames, the Optimedic Group, and SelectSpecs.com. Additionally, they will be available in early May on Kits.ca and Kits.com, one of North America's largest eyewear ecommerce businesses, and the Company's recommended outlet for Canadian customers. Announcement • Mar 31
Innovative Eyewear, Inc. Announces New Smart Safety Glasses And Rx Safety Partner Innovative Eyewear Inc. has announced the launch of the new Lucyd Armor Vantage style. The new smart safety frame is fully certified for workplace use under US, Canadian and European standards. The frame will debut on March 31, 2026 at the National Hardware Show: Concept to Commerce event in Las Vegas. The frame will launch on the Company's website as well as with its new premier reseller for the safety channel, Ocusafe.com. The Vantage builds on significant retail traction already established in the Lucyd Armor line. Armor has become the Company's fastest-growing product since its launch in October 2024, and accounts for most of the Company's 63% year-over-year revenue growth from 2024 to 2025. The patent-pending Vantage frame offers several new features: Reduced base curvature to enable a full range of prescription lenses. Additionally, the flatter base curve means any optical lab can work with the frame. Expanded eye coverage for additional particle and impact protection. Rubberized keyhole bridge for a more comfortable fit, suitable for low bridge wearers. Day one certifications: ANSI Z87.1, CSA Z94.3, and EN ISO 16321-1 for safety compliance in several major regions. Additionally, several important upgrades are anticipated across all Armor models in 2026: Wire core earpieces so the wearer can adjust the tightness for a perfect fit. Gasket attachment for periphery particle protection. The introduction of expanded real-time translation features via the Lucyd app. Reported Earnings • Mar 27
Full year 2025 earnings released: US$1.90 loss per share (vs US$5.19 loss in FY 2024) Full year 2025 results: US$1.90 loss per share (improved from US$5.19 loss in FY 2024). Revenue: US$2.66m (up 63% from FY 2024). Net loss: US$7.59m (loss narrowed 2.3% from FY 2024). New Risk • Jan 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$8.0m free cash flow). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Market cap is less than US$10m (US$5.33m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (US$88k sold). Revenue is less than US$5m (US$2.4m revenue). Announcement • Dec 11
Innovative Eyewear, Inc. Announces New Reebok Smart Eyewear for Gym and Indoor Sports Innovative Eyewear Inc. announced that it has launched two new, light-adaptive sport smartglasses in its cutting-edge Reebok Powered by Lucyd Smart Eyewear collection. These new variants of the Octane and Nitrous frames are designed for use in the gym and indoor sport. The Reebok Smart Eyewear collection offers the Company's most powerful music experience to-date, with an end-to-end overhauled sound system developed with leading audio engineers. The addition of these new photochromic variants expands the collection to indoor and hybrid indoor/outdoor users, such as athletes who enjoy weight lifting, CrossFit and pickleball. Additionally, the Company has launched a new accessory for its Reebok and Lucyd Armor lines, the Lucyd Boosters. This simple silicone accessory enhances volume and clarity, and reduces sound leakage in loud environments. It's ideal for use in very loud environments such as factory floors and CrossFit gyms, ensuring the frames are fully audible without obstructing hearing. Reported Earnings • Nov 16
Third quarter 2025 earnings released: US$0.38 loss per share (vs US$0.99 loss in 3Q 2024) Third quarter 2025 results: US$0.38 loss per share. Revenue: US$668.1k (up 164% from 3Q 2024). Net loss: US$1.84m (loss widened 6.7% from 3Q 2024). Revenue is forecast to grow 166% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Medical Equipment industry in the US. Announcement • Nov 07
Innovative Eyewear Unveils Four New Lucyd Armor®? ChatGPT-Enabled Smart Safety Glasses & New ANSI Certification Innovative Eyewear Inc. announced the launch of four new variants of its popular Lucyd Armor smart safety glasses. Since its debut in October 2024, Lucyd Armor has become the Company's top selling frame, adding powerful AI and Bluetooth utility to comfortable, stylish and prescription-ready safety glasses. The four new variants expand the collection to reach a wider audience and build on the success of the original model with important variations in lens functionality and sizing. All new models are prescription adaptable. New Lucyd Armor Variants: Lucyd Armor Green Mirror - A new polarized sunglass version featuring a chic and protective green flash mirror lens, ideal for outdoor workers. Available now on Lucyd.co. Lucyd Armor Black - A polarized, solid black sunglass ideal for protective outdoor use, and makes a bold fashion statement. Available now on Lucyd.'co. Lucyd Armor Slim - A new compact version of base model, designed for women, young adults and men with narrower faces. Available now onLud.co; Lucyd Armor Vantage - A redesigned profile offering greater eye coverage and expanded compatibility for strong prescriptions. Includes a photochromic lens like the base model. Launching First Quarter 2026. The Armor Slim model has recently received ANSI certification, enabling it to be sold in the US for safety applications. Lucyd Armor is now available for purchase in the United States, Canada, and European Union markets, with all necessary safety certifications including ANSI Z87.1+, CSA Z94.3, and EN 16639:2018. Additionally, the Company reported it has received a notice of allowance for its Mexican Patent Application MX/f/2024/002575, entitled Safety Eyewear. Finally, in a new key account development, a top-five global logistics company has placed an initial order for Lucyd Armor, intending to use the eyewear to support team connectivity via the Lucyd app's Walkie feature for smartglasses. Announcement • Sep 11
Innovative Eyewear, Inc. Announces New Verbal Translation Feature for the Lucyd ChatGPT App Innovative Eyewear, Inc. announced a powerful new update to the Company's Lucyd app for iOS and Android. The Lucyd app was the first to enable voice access to ChatGPT in smart eyewear, and the Company uses the app to deploy useful new features to users of its smartglasses. The new Translation feature is a strong addition to the app, that adds fluid, voice-based translations for users of Lucyd eyewear and other hearables. Translation is an often-cited use case for wearable products, particularly useful for travel applications, and believe it provides incredible new utility for Lucyd eyewear users. The feature is in open beta, available to all users on the latest version of the app. Feedback can be submitted via the support form within the app. A full release with expanded device compatibility is anticipated in the next month. Translation comes to the Lucyd app, free for all users. Key features of the update: Translate between 17 languages in real time, including Chinese, Japanese and Arabic. Streamlined and flexible interface allows user to speak and hear their preferred language on Lucyd eyewear or their phone, while the other person speaks to and hears the phone in their preferred language. The app automatically speaks and displays translated phrases, so users can hear or read translations. No cumbersome typing, just pick your languages and start conversing. The user can rapidly switch between languages, with only a one-time brief load for languages to be downloaded when first used. The app uses native device language models for smooth rendering of voice input with no typing needed. Other translation apps often require typing for accurate non-English language inputs, while the Lucyd app runs well on voice alone due to the use of device-based languages. Once languages are downloaded, the translation function can be used completely offline, making it ideal for travel even in areas with no reception. In addition to bridging users to the powerful ChatGPT AI via Siri andixby, the app has introduced other critical features such as Walkie. Now, with Lucyd Translate, glasses become an incredible ally for travels abroad, and for speaking with colleagues across language barriers--even when missing an internet connection. translation is an often-cited "killer app" for wearable products, and are pleased to offer a refined, glasses-forward approach to this important feature. In advance of any significant marketing effort, the Lucyd app has been downloaded over 18,000 times. A paid Pro version of the app allows users to subscribe for $7.99/month to raise the number of ChatGPT queries permitted per day from 30 to unlimited, and provides the ability to create secure Walkie channels for business applications. At launch, Lucyd Translate is fully free for all users with no limit. The Company plans to make unlimited translations an additional incentive for Pro app subscribers. To see the Lucyd app in action or download it, visit Lucyd.co or search "Lucyd" in the App Store or Google Play Store. Reported Earnings • Aug 15
Second quarter 2025 earnings released: US$0.66 loss per share (vs US$1.87 loss in 2Q 2024) Second quarter 2025 results: US$0.66 loss per share. Revenue: US$579.2k (up 88% from 2Q 2024). Net loss: US$2.11m (loss widened 8.1% from 2Q 2024). Revenue is forecast to grow 123% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US. Announcement • Jul 21
Innovative Eyewear Launches Reebok Smartglasses to New Channels Innovative Eyewear, Inc. announced that its groundbreaking Reebok athletic smartglasses will be available today on the Reebok mobile app, to be followed by Reebok.com on August 1. The Reebok.com website is a go-to hub for athletic apparel and accessories, receiving approximately 570,000 monthly organic visitors. The Company believes this will be a key driver in introducing Reebok's global, dedicated fanbase to the new Reebok Smart Eyewear. Announcement • Jul 02
Innovative Eyewear, Inc., Annual General Meeting, Aug 26, 2025 Innovative Eyewear, Inc., Annual General Meeting, Aug 26, 2025. Announcement • Jun 20
Innovative Eyewear, Inc. Partners with Smartech to Showcase Reebok Smart Eyewear at Smartech's New Flagship Opening in Times Square Innovative Eyewear, Inc. announced it is partnering with Smartech Retail Group. Central to the partnership will be the showcase of the Reebok Powered by Lucyd collection among other innovative consumer electronics brands such as Sonos and Segway. The showcase will launch July 22, 2025 at the new Smartech location in New York City. Announcement • May 29
Innovative Eyewear, Inc. Announces New Features for the Lucyd ChatGPT App Innovative Eyewear, Inc. announced a powerful new update to the Company's Lucyd app for iOS and Android. The Lucyd app was the first to enable voice access to ChatGPT for smart eyewear, and Innovative Eyewear believes these latest enhancements further strengthen its market position in the smart eyewear sector. The new updates include: App Shopping. Both the iOS and Android versions have received new in-app shopping experiences, complete with prescription customization on all Lucyd eyewear. The app shopping is faster, more immersive and more customized than other ecommerce channels, while conveniently synchronizing order history with main customer account system on Lucyd.co. New Siri Commands for Walkie. New voice prompts have been created for the iOS app's Walkie-talkie features, which enable the user to join and leave channels handsfree by activating Siri from the glasses. The user can also now mute and unmute the glasses microphones while on a Walkie channel via a Siri command. These new commands make it faster to manage communications on the move. Natural Voice. The iOS app's AI assistant now features upgraded voice output, delivering more natural, human speech for a more enjoyable AI interface. UX Improvements. The app menus and screens have been fine tuned and clarified on both versions. In advance of any significant marketing effort, the Lucyd app has been downloaded approximately 15,000 times. A paid Pro version of the app allows users to subscribe for $7.99/month to raise the number of ChatGPT queries permitted per day from 30 to unlimited and provides the ability to create secure Walkie channels for business applications. Reported Earnings • May 15
First quarter 2025 earnings released: US$0.72 loss per share (vs US$3.04 loss in 1Q 2024) First quarter 2025 results: US$0.72 loss per share (improved from US$3.04 loss in 1Q 2024). Revenue: US$454.5k (up 19% from 1Q 2024). Net loss: US$1.78m (loss narrowed 9.8% from 1Q 2024). Revenue is forecast to grow 109% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US. Announcement • Apr 28
Innovative Eyewear, Inc. Launches Reebok Smart Eyewear Innovative Eyewear Inc. announced the launch of Reebok Smart Eyewear, available worldwide on Lucyd.co. Expanded availability is expected later this quarter on Reebok.com and select online and traditional retailers. The global smart glasses market is projected to reach approximately $13 billion worldwide by 20301. Reebok Powered by Lucyd smart eyewear positions Innovative Eyewear at the forefront of this rapidly accelerating transition from traditional eyewear to smart, connected, voice-powered solutions. Reebok smart eyewear features custom high-fidelity speakers, powerful amplifiers, and equalizers specifically tuned for outdoor activities and sports environments, deliver exceptional audio clarity while maintaining environmental awareness--a critical safety feature for athletes and urban pedestrians. Innovative Eyewear has a global distribution strategy beginning with MTB Mexico, a premier technology distributor across Latin America. New Risk • Apr 10
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 33% 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$7.0m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (279% increase in shares outstanding). Market cap is less than US$10m (US$6.01m market cap). Minor Risk Revenue is less than US$5m (US$1.6m revenue). Announcement • Apr 07
Innovative Eyewear, Inc. Launches Moonbeam, Smart Eyewear Designed for Everyday Life Innovative Eyewear, Inc. introduced Moonbeam, its latest round-frame style of AI-integrated eyewear designed for comfortable all-day wear. This brings the popular "P3" optical shape to the Lucyd lineup for the first time, in a slim unisex size ideal for women, youth and men with narrow faces. This is part of the Company's continuing effort to provide smart eyewear to underserved demographics in this category. Moonbeam is crafted with precision to meet diverse user needs, balancing stylish aesthetics with functionality. Its distinctive round silhouette and lightweight design make it ideal for users who value seamless integration of technology into their daily routines--from productivity enhancements at work to effortless connectivity during leisure activities. Moonbeam Product Highlights: Round, contemporary frame style providing a timeless, stylish look. Lightweight construction designed specifically for prolonged, comfortable wear throughout the day. Open-ear audio technology delivering clear, immersive sound without isolating the user from their environment. Seamless voice assistant integration, including ChatGPT, empowering users with hands-free AI access. Enhanced ergonomic controls for intuitive management of calls, audio playback, and voice commands. Lucyd continues to innovate by designing products around practical, everyday use cases--aiming to improve connectivity, productivity, and accessibility for all users. Reported Earnings • Mar 25
Full year 2024 earnings released: US$5.19 loss per share (vs US$12.67 loss in FY 2023) Full year 2024 results: US$5.19 loss per share. Revenue: US$1.64m (up 42% from FY 2023). Net loss: US$7.77m (loss widened 17% from FY 2023). Revenue is forecast to grow 96% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Medical Equipment industry in the US. Announcement • Mar 01
Innovative Eyewear Announces Secure Walkie Channels for the Lucyd App, Unlocking New Potential for Corporations and Teams Worldwide Innovative Eyewear, Inc. announced a significant update to the Lucyd App's Walkie feature. This new enhancement enables premium subscribers access to secure and private walkie channels, providing businesses and organizations with a powerful tool to communicate confidentially and seamlessly through Lucyd smart eyewear. The Lucyd App's Walkie features has revolutionized communication by offering users a walkie-talkie channel through their Lucyd glasses, making it easy to stay in touch hands-free while on the go. With this latest update, the addition of secure walkie channels takes it a step further, allowing premium users to establish private, encrypted communication channels that ensure the confidentiality of all of conversations. This update is especially beneficial for companies, corporations, and industries that require secure, real-time communication between teams. Logistics & Security: Delivery drivers, warehouse personnel, and security teams can keep in constant communication, knowing their transmissions are secure and confidential. The launch of this feature is expected to transform the way teams collaborate, unlocking new potential for smart communication across the globe. Secure walkie channels are now available for premium subscribers at a cost of $7.99/month. The update was officially launched on 2/24/25, and businesses looking to take advantage of this cutting-edge communication feature can subscribe to the premium service through the Lucyd App. New Risk • Feb 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.55m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (278% increase in shares outstanding). Market cap is less than US$10m (US$9.55m market cap). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (US$1.6m revenue). Reported Earnings • Nov 14
Third quarter 2024 earnings released: US$0.99 loss per share (vs US$2.40 loss in 3Q 2023) Third quarter 2024 results: US$0.99 loss per share. Revenue: US$253.6k (up 14% from 3Q 2023). Net loss: US$1.72m (loss widened 11% from 3Q 2023). Revenue is forecast to grow 168% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US. Announcement • Oct 29
Innovative Eyewear, Inc. Launches First ANSI-Certified Smart Safety Glasses for All-day Wear Innovative Eyewear, Inc. announced that it has officially launched Lucyd Armor-the world's first smart safety eyewear in a lightweight, affordable and prescription-ready form factor, and meeting the ANSI Z87.1 standard for workplace safety use. Designed for professionals in many different environments from industrial, to logistics, to medical, Lucyd Armor combines certified eye protection with advanced technology to enhance communications, information access and awareness in the workplace. The ANSI Z87.1 standard is a safety guideline for protective eyewear, ensuring it is strong enough to shield the eyes from hazards like debris, chemicals, or dust. It tests safety glasses and goggles for impact resistance and protection in dangerous environments. The Company has also filed design and utility patents on the product. Lucyd Armor is a category-defining smart safety glass that offers ANSI Z87.1-certified protection alongside instant ChatGPT access, auto-tinting lenses, a walkie-talkie VOIP feature, and a form factor similar to stylish sport wrap-around glasses. Whether working in construction, logistics, healthcare, or utility industries, professionals can benefit from protective and productivity-enhancing technologies that boost overall efficiency while allowing them to stay connected throughout the workday. Key Features of Lucyd Armor: AI-Powered Integration: Gain instant access to Siri, Google Voice and ChatGPT for hands-free information, instructions, and communication, via Bluetooth 5.3 connection. All-Day Comfort and Durability: The lightweight, one-size-fits-all design features adjustable silicone nose pads and no-slip flexible temples, ensuring secure and comfortable wear during long shifts. Patent-pending touch controls enable full use of the glasses with sweaty or gloved hands. Adaptive Lenses: Photochromic lenses that adapt to changing light conditions, with anti-fog and anti-scratch coatings for superior visibility, which are included at no extra cost. Additional prescription and lens upgrades can be purchased here from Lucyd.co. 8-Hour Battery Life: Enjoy long-lasting battery with up to 8 hours of continuous music playback or 100+ hours of standby time for notifications and alerts. In addition to these features, Lucyd Armor's open-ear audio system, AI-powered noise reduction microphones, and Bluetooth 5.3 connectivity provide workers with the convenience to take calls, access smart features and AI information, and listen to audio instructions while remaining aware of their surroundings. One of the standout features of Lucyd Armor is the walkie-talkie function, accessible via the Lucyd App, which facilitates enhanced team communication without requiring additional devices. Announcement • Oct 18
Innovative Eyewear Inc. Appoints Oswald Gayle as the Co-Chief Financial Officer On October 11, 2024, the Board of Directors of Innovative Eyewear Inc. appointed Oswald Gayle as the Company's Co-Chief Financial Officer, effective immediately. Mr. Gayle will act as Principal Financial and Accounting Officer for the Company with respect to the Company's quarterly and annual reports. Mr. Gayle, age 65, joined the Company as the Vice President of Finance on January 1, 2022, and served in that role until his promotion in August 2024 to Senior Vice President of Finance of the Company. Prior to joining the Company Mr. Gayle worked with Vaco Resources, Miami, FL., in the position of Executive Financial Consultant from September 2018 to January 2022. Mr. Gayle brought with him a 30 plus year career in finance and accounting, that started with PricewaterhouseCoopers and included numerous senior and executive level management positions in corporate finance, SEC reporting, investor relations and business development in the manufacturing and retail industries. Mr. Gayle obtained a bachelor's degree in accounting and finance with honors from the University of London and he is a Chartered Global Management Accountant and a member of the American Institute of Certified Public Accountants. Announcement • Oct 06
Galkin Vladimir Engages in Discussions with Innovative Eyewear On October 4, 2024, Galkin Vladimir announced that he has had, and intends to continue to have, discussions with members of Innovative Eyewear, Inc.'s management and board of directors regarding the possibility of board representation. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Louis Castro was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
Second quarter 2024 earnings released: US$1.87 loss per share (vs US$3.01 loss in 2Q 2023) Second quarter 2024 results: US$1.87 loss per share. Revenue: US$308.7k (up 82% from 2Q 2023). Net loss: US$1.95m (loss widened 51% from 2Q 2023). Revenue is forecast to grow 143% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US. Announcement • Aug 02
Innovative Eyewear Regains Compliance with Nasdaq Listing Requirements Innovative Eyewear Inc. announced that the Company received formal notice from the Nasdaq Office of General Counsel of The Nasdaq Stock Market LLC indicating that the Company has regained compliance with the minimum bid price requirement set in Nasdaq Listing Rule 5550(a)(2). Announcement • Jun 14
Innovative Eyewear, Inc. Launches Bixby App to Enable ChatGPT on Its Smart Eyewear Innovative Eyewear, Inc. announced that it has launched a Bixby app called LUCY to enable handsfree ChatGPT access on its glasses. This brings a powerful new feature to Samsung phone users for the first time - the ability to access ChatGPT via the device's native voice assistant. All users of Bixby can now speak to and hear responses from ChatGPT through Lucyd eyewear connected to their Samsung device, or on the device itself. The Company believes this seamless, voice-controlled access to new AI features will support numerous new utilities for Samsung phone and tablet users, such as real-time translations and detailed research capabilities on almost any subject. Announcement • May 31
Innovative Eyewear, Inc. Launches Eddie Bauer Smart Eyewear with ChatGPT Innovative Eyewear, Inc. announced the launch of its the Eddie Bauer Smart Eyewear collection. This new line includes voice access to ChatGPT and introduces the world's first rimless smart eyewear design. The Eddie Bauer Smart Eyewear Collection will debut with four distinct styles, all featuring polarized sunglass lenses for optimal outdoor performance. The line showcases the first rimless smart eyew wear design, seamlessly integrating the Company's cutting-edge technology into a lightweight and minimalist aesthetic. Powered with 100ft range Bluetooth, ultra-clear microphones and quadrasonic speakers for music and call capabilities, each pair comes equipped with the Company's patent-pending charging dock, ensuring effortless and convenient charging of the glasses and up to three other USB-charged devices for all day adventure. With a focus on accessibility and convenience, the collection will soon be available through various retail channels, including department stores, sports retailers, brick-and-mortar locations, and local optical stores. Announcement • May 21
Innovative Eyewear, Inc., Annual General Meeting, Jul 08, 2024 Innovative Eyewear, Inc., Annual General Meeting, Jul 08, 2024. Reported Earnings • May 16
First quarter 2024 earnings released: US$0.15 loss per share (vs US$0.19 loss in 1Q 2023) First quarter 2024 results: US$0.15 loss per share. Revenue: US$383.5k (up 165% from 1Q 2023). Net loss: US$1.97m (loss widened 38% from 1Q 2023). Revenue is forecast to grow 119% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US. Announcement • May 02
Innovative Eyewear, Inc. has completed a Follow-on Equity Offering in the amount of $1.025001 million. Innovative Eyewear, Inc. has completed a Follow-on Equity Offering in the amount of $1.025001 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,200,822
Price\Range: $0.244
Discount Per Security: $0.01464
Transaction Features: Registered Direct Offering Announcement • Apr 25
Innovative Eyewear, Inc. Announces New Patent Filings and Receipt of Notices of Allowance on Smart Safety Eyewear Innovative Eyewear, Inc. announced the filing of two new United States patent applications, a utility application, No. 18/605,092, entitled SMART EYEWEAR HAVING ACCESSIBLE TACTILE CONTROLS and a design application, No. 29/930,655, entitled SAFETY EYEWEAR. Innovative Eyewear also announces receipt of notices of allowance on three smart eyewear design patent applications (patent application No. 29/806,204, 29/806/207, 29/806/209) and expects design patents to issue from these three allowed applications after payment of issue fees. The two new patent applications are directed to the Company's new Lucyd Armor smart safety glasses product, planned to be introduced in mid-2024 in response to initial demand from potential customers. The new utility patent application is directed to functional aspects of product, while the new design patent application is directed to the orn fundamental design of the product. The Company developed Lucyd Armor to meet perceived needs of industrial and medical safety glass users. Safety glasses represent an important segment of both the PPE (personal protective equipment) and eyewear markets, with an approximate $3 billion global market, expected to grow to $4.18 billion by 2030. Safety glasses are required equipment for a multitude of professions, from construction sites and warehouses to operating rooms and research facilities around the globe. By combining the safety features of this class of eyewear with Innovative Eyewear's open-ear communication and AI features, the Company believes the product will make it easier and safer than ever for teams to collaborate in a variety of work environments. To support team communications, Innovative Eyewear's free Vyrb app for iOS and Android provides verbal VOIP chatrooms for up to 100 participants at a time. Announcement • Apr 16
Innovative Eyewear, Inc. has filed a Follow-on Equity Offering in the amount of $1.120446 million. Innovative Eyewear, Inc. has filed a Follow-on Equity Offering in the amount of $1.120446 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Mar 26
Full year 2023 earnings released: US$0.63 loss per share (vs US$0.87 loss in FY 2022) Full year 2023 results: US$0.63 loss per share. Revenue: US$1.15m (up 75% from FY 2022). Net loss: US$6.66m (loss widened 17% from FY 2022). Revenue is forecast to grow 103% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Medical Equipment industry in the US. Announcement • Jan 10
Innovative Eyewear, Inc. Receives Notice of Allowance for Fourteen Patent Applications Innovative Eyewear, Inc. announced it has received Notices of Allowance from the United States Patent and Trademark in fourteen design patent applications protecting the Company's Lucyd Lyte eyewear designs. Receipt of a Notice of Allowance indicates that claims in the patent applications are patentable, and Innovative Eyewear expects the patents to be issued after payment of issue fees. These design patents are directed to Innovative Eyewear front plate and temple designs. Announcement • Jan 06
Innovative Eyewear, Inc. Appoints Jaoquin Abondano as Chief Operating Officer On January 13, 2023, the Board of Directors of Innovative Eyewear, Inc., authorized the appointment of Jaoquin Abondano to the position of Chief Operating Officer of the company, effective as of January 1, 2024. Joaquin. Abondano, age 40, was the Vice President of E-Commerce and Supply Chain Operations of the Company since January 1, 2023, prior to his promotion to Chief Operating Officer. In this position, he had an instrumental role in driving the Company’s sales on Shopify and expanding market presence across Amazon and overseeing significant digital marketing initiatives which have established him as an important part of the senior management team. Prior to joining the Company, Mr. Abondano held the position of Vice President of Product and Logistics, at AMZ Tonal, Inc. from June 2021 to January 2023, in which position he oversaw the launch of AMZ’s brands on Amazon and the implementation of custom software solutions. Prior to joining AMZ, from January 2009 to June 2021, Mr. Abondano co-founded and maintained a position as Vice President of Product Management at Groovy Toys LLC, where he oversaw the company’s expansion into the US market, the development of its consumer products, including mobile apps and online games, and the growth of the company’s digital footprint. Mr. Abondano obtained a bachelor’s degree in management finance from Purdue University in 2006. Announcement • Dec 13
Innovative Eyewear, Inc. Announces the 2.0 Release of Its Android ChatGPT App for Smart Eyewear Innovative Eyewear, Inc. announced a key update to the company's Lucyd app for Android, the first app to enable a voice interface for ChatGPT. The launch of the 2.0 update delivers powerful new features and usability improvements, following similar upgrades made to the iOS version earlier this year. A ChatGPT toolbox has been added to the app with the following capabilities: the ability to write paragraph fromom a prompt, translate English into Spanish, synopsize long tracts of text, improve the ability of text, generate an email with a prompt, and analyze theotion of text. These tools use pre-specified parameters to generate useful types of analysis and copywriting from ChatGPT more rapidly. An updated visual interface, with smoother graphics and intuitive controls for a more user-friendly experience. Textual chat responses to queries now appear in an updated stream format. The voice quality of the app's text-to-speech functionality has been improved. The sharing feature has been updated to include the ability to export ChatGPT responses to email, SMS and social apps. Additionally, the app is in the final stages of approval with Google for enabling handsfree Google Voice access to ChatGPT on Lucyd Eyewear. This final feature of the 2.0 update is expected to go live later this month. Announcement • Nov 18
Innovative Eyewear Launches Upgraded Charging Dock Tekcapital Plc announces that Innovative Eyewear, Inc. the developer of ChatGPT smart eyewear under the Lucyd, Nautica, Eddie Bauer and Reebok brands, launched a new edition of the Company's patent-pending Lucyd Dock ("Dock") product for its smart eyewear. The Lucyd Dock is a first-of-its-kind charging accessory for smart eyewear. Users can simply drop Lucyd Lyte eyewear on the Dock to charge, just as they would drop traditional glasses on the nightstand or desk before bed. According to Innovative Eyewear, several core improvements have been added to the Dock 2.0, while maintaining the manufacturer's suggested retail price of USD 34.99. The new features include: Cordlessly connects to all Lucyd Lyte models with new auto-adjusting magnetic contacts. Works with all Lucyd models including petite, medium and new XL pairs. Indicator light turns on when charging and shuts off when charging complete. Two USB-A and one USB-C charging port to simultaneously charge smartphone, smartwatch and other devices in addition to Lucyd Lyte. USB data capability so one can use the Dock as a USB hub for computer - read flash drives, connect mouse and keyboard, and more. More compact and travel-friendly than the Dock 1.0. New 99% post-consumer recycled packaging with 5-language product info for global sales. Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.12 loss per share (vs US$0.21 loss in 3Q 2022) Third quarter 2023 results: US$0.12 loss per share. Net loss: US$1.55m (loss widened 11% from 3Q 2022). Revenue is forecast to grow 124% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Medical Equipment industry in the US. Announcement • Sep 13
Innovative Eyewear, Inc. Announces Patent Filing for Self-Adjusting Spring Hinges for Smartglasses Tekcapital Plc announced that Innovative Eyewear, Inc. has filed a patent on a key product innovation, flexible spring hinges for smart eyewear. The new patent application entitled Spring-loaded Hinges for Smartglasses (# 18/463,465), Innovative Eyewear's 64th, covers a proprietary component developed to enhance comfort in smart eyewear. The addition of flexible hinges, planned for most upcoming frames produced by Innovative Eyewear, will enhance both the comfort and the range of fit for the frames, enabling each style to be worn by a wider array of users. Innovative Eyewear believes these new hinges will also increase the durability of the frames by reducing stress points on the temples caused by extended wear. Reported Earnings • Aug 13
Second quarter 2023 earnings released: US$0.15 loss per share (vs US$0.20 loss in 2Q 2022) Second quarter 2023 results: US$0.15 loss per share. Net loss: US$1.29m (loss widened 7.9% from 2Q 2022). Announcement • Aug 12
Innovative Eyewear, Inc. Receives Non-Compliance Notice From Nasdaq On August 4, 2023, Innovative Eyewear, Inc. (the “Company”), received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2). which sets forth the minimum bid price requirement for continued listing on the Nasdaq Capital Market (the “Minimum Bid Requirement”) as the bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), had closed below $1.00 per share for 30 consecutive business days. Nasdaq’s notice has no immediate effect on the listing of the Company’s Common Stock on Nasdaq. The Notice from the Staff has no immediate effect on the listing of Common Stock on the Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, until January 31, 2024, to regain compliance with the Minimum Bid Requirement. To regain compliance, the closing bid price of Common Stock must be at least $1.00 per share for a minimum of 10 consecutive business days during this 180-day period, at which time the Staff will provide written notification to the Company that it complies with the Minimum Bid Requirement, unless the Staff exercises its discretion to extend this ten-day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). If the Company does not regain compliance with the bid price requirement by January 31, 2024, the Company may be eligible for an additional 180-calendar day compliance period so long as it satisfies the criteria for initial listing on the Nasdaq Capital Market, except the Minimum Bid Requirement, and the continued listing requirement for market value of publicly held shares and the Company provides written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. In the event it appears to the Staff that the Company will not be able to cure the deficiency, or if the Company is not otherwise eligible for the second grace period, the Staff will provide written notice to the Company that the Common Stock is subject to delisting; however, the Company may request a hearing before the Nasdaq Hearings Panel (the “Panel”), which request, if timely made, would stay any further suspension or delisting action by the Staff pending the conclusion of the hearing process and expiration of any extension that may be granted by the Panel. There can be no assurance that the Company will be eligible for the additional 180 calendar day compliance period, if applicable, or that the Staff would grant the Company’s request for continued listing subsequent to any delisting notification, or, if the Company does appeal the delisting determination by the Staff to the Panel, that such appeal would be successful, or that the Company will be able to regain compliance with the Minimum Bid Requirement or maintain compliance with the other Nasdaq listing requirements. The Company intends to closely monitor the closing bid price of the Common Stock and consider all available options to remedy the bid price deficiency to regain compliance with the Minimum Bid Requirement. New Risk • Aug 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.82m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$4.3m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 69% per year over the past 5 years. Revenue is less than US$1m (US$569k revenue). Market cap is less than US$10m (US$9.82m market cap). Announcement • Aug 03
Innovative Eyewear, Inc. Launches the Lucyd Blueshift Lens for Enhanced Eye Protection and Comfort Innovative Eyewear, Inc. announced the launch of a new transitional blue light blocking lens designed to maximize the utility, eye protection and user satisfaction of Lucyd eyewear. The Lucyd Blueshift lens is an exclusive new lens upgrade offered with Lucyd eyewear, custom-developed by the Company, that provides the following benefits: The lens is photochromic, and tints to a polarized sunglass in bright environments, while remaining clear indoors. The lens will tint even without exposure to UV light, which is required to activate many other photo-sensitive lenses. This means they will darken behind a UV-blocking windshield and can be used for eye protection while driving. At the company's in-house lens lab, each lens has manually applied a special blue light blocking layer that does not disrupt the lenses' ability to transition to a sunglass. This additional coating provides an average of 40% filtration of harmful blue light, according to independent testing from Colts Labs. Unlike many other lenses offering this degree of blue light filtration, the lens does not have a significant yellow or amber tint, and is fully clear indoors. The resulting product is an ideal lens for mixed indoor/outdoor, on-screen and off-screen use. The Blueshift lens is available in both non-Rx and in any prescription, including progressive bifocals. Announcement • Jun 28
Innovative Eyewear, Inc. has completed a Composite Units Offering in the amount of $4.725 million. Innovative Eyewear, Inc. has completed a Composite Units Offering in the amount of $4.725 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 4,500,000
Price\Range: $1.05
Discount Per Security: $0.0735 New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$7.83m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$4.3m free cash flow). Share price has been highly volatile over the past 3 months (60% average weekly change). Earnings have declined by 69% per year over the past 5 years. Revenue is less than US$1m (US$569k revenue). Market cap is less than US$10m (US$7.83m market cap). Announcement • Jun 24
Innovative Eyewear, Inc., Annual General Meeting, Aug 04, 2023 Innovative Eyewear, Inc., Annual General Meeting, Aug 04, 2023, at 10:00 Eastern Standard Time. Agenda: To elect the directors; to ratify the appointment of Cherry Bekaert LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023; to approve on a nonbinding advisory basis the executive compensation of company's named executive officers for the year ended December 31, 2022; and to discuss other matters. Reported Earnings • May 14
First quarter 2023 earnings released: US$0.19 loss per share (vs US$0.20 loss in 1Q 2022) First quarter 2023 results: US$0.19 loss per share. Revenue: US$144.9k (down 39% from 1Q 2022). Net loss: US$1.43m (loss widened 19% from 1Q 2022). Reported Earnings • Mar 27
Full year 2022 earnings released: US$0.87 loss per share (vs US$0.62 loss in FY 2021) Full year 2022 results: US$0.87 loss per share (further deteriorated from US$0.62 loss in FY 2021). Revenue: US$659.8k (down 4.5% from FY 2021). Net loss: US$5.68m (loss widened 75% from FY 2021). Announcement • Feb 08
Innovative Eyewear, Inc. Launches Lucyd Lyte 2.0 Audio Eyewear Line Innovative Eyewear, Inc. announced a major upgrade to its Lucyd Lyte audio eyewear platform. The new Lucyd Lyte 2.0 line brings several advances to the company's core product and is available now, in any optical prescription, at Lucyd.co. The Company intends to introduce the product to optical and specialty retailers worldwide. The Lyte 2.0 marks the culmination of years of R&D to realize the company's mission to make smart eyewear more accessible, useful and stylish for the optical and sunglass markets. New features include: · A four-speaker array provides immersive open-ear audio, that matches the sound quality of traditional earbuds without obstructing hearing. The new speaker system provides an enhanced mid-range and bass response compared to the previous Lucyd Lyte. Audio input is improved with the introduction of dual noise-cancelling microphones. The Lyte 2.0 is ideal for recording audio content such as podcasts and voice messages, and improves the fidelity of phone calls and input for voice assistants like Siri® compared to most built-in smartphone microphones. The battery life of the glasses has been improved to 12 hours of music playback and call time per charge, a 50% uplift over the previous model. The collection boasts 15 trending eyewear styles crafted by an experienced eyewear design team. 10 styles are available now, with the remaining five in pre-order until their expected availability in March 2023. The collection includes optical frames designed specifically for women and petite heads, as part of the company's initiative to develop smart eyewear for all head shapes and sizes. The power and pairing indicator LEDs have been moved to a more discreet location in the inner temple. Touch controls now give an audible signal whenever the user adjusts volume or uses the other button functions, such as activating the voice assistant. Two new custom hinge types to enable a stronger, more aesthetically pleasing connection from the frontplate to the smart temple. Strength of the magnetic charging connection is improved, and the new collection is backwards compatible with the Lucyd Dock charger introduced with the original Lyte. · The glasses use Bluetooth 5.2, providing improved connection stability over the previous 5.1 model. The glasses are offered with a new selection of over 20 custom lenses on Lucyd.co, now including gradient sunglasses and the latest cutting-edge Transitions® XTRActive Polarized and Signature Colors lenses. · All of these features are added while maintaining price parity with traditional eyeglasses. Announcement • Feb 06
Tekcapital plc Announces New Features for Vyrb App Tekcapital Plc announced major developments in its Vyrb social audio app, which is in open beta on iOS and Android. Vyrb is a full social media platform designed for wearables, which offers a suite of tools for creating, sharing and enjoying audio content in a frictionless, handsfree format. Whilst it offers a complete visual interface, the app provides a set of unique handsfree social utilities accessed through voice assistants like Siri®. The company has just completed a powerful new live broadcasting feature called ‘On Air’, which enables users to create real-time audio chatrooms with up to 100 visitors and multiple active speakers. The company believes this feature will be a useful tool for audio content creators and collaborative work. In addition to the On Air feature, Vyrb's latest release includes an audio upload feature that allows users to port audio files they created outside of Vyrb into the app, mix in sound effects, and share to their profile. This feature enables content creators to quickly upload their audio content library into Vyrb. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Co-Founder, CEO & Director Harrison Gross is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: US$0.21 loss per share (vs US$0.18 loss in 3Q 2021) Third quarter 2022 results: US$0.21 loss per share (further deteriorated from US$0.18 loss in 3Q 2021). Revenue: US$152.0k (down 11% from 3Q 2021). Net loss: US$1.40m (loss widened 38% from 3Q 2021). Announcement • Oct 11
Innovative Eyewear, Inc. Appoints Ekene Ofodile as Sr. Vice President, Sales and Marketing Innovative Eyewear, Inc. announced that Mr. Ekene Ofodile, a respected business leader with substantial experience in Global Sales, Sales Operations and Business Management, has joined the Company as Sr. Vice President, Sales and Marketing. Mr. Ofodile has demonstrated an ability to work across all levels of an organization to develop high performance partnerships that drive profitable revenue growth. Most recently, Mr. Ofodile served as the Head of Sales, North America for a portfolio of outdoor /work wear brands acquired from Honeywell International by Rocky Brands, Inc. From 2018 – 2021, he held the position of Director of Strategic Account Sales at Honeywell International’s Safety & Productivity Services Retail division driving global growth of footwear, PPE, hearing & vision protection products within high volume key accounts. Mr. Ofodile previously served at Randolph Engineering Eyewear Inc.as its Senior Vice President, Global Sales & Marketing, where he spent 4 years developing and executing strategic growth plans for the Randolph and Ranger Eyewear Brands. Prior to Randolph Engineering, Ekene spent 15 years at New Balance Athletics as Head of International Sales Operations. Reported Earnings • Aug 18
First quarter 2022 earnings released: US$0.20 loss per share (vs US$0.051 loss in 1Q 2021) First quarter 2022 results: US$0.20 loss per share (down from US$0.051 loss in 1Q 2021). Revenue: US$236.0k (up 101% from 1Q 2021). Net loss: US$1.21m (loss widened 444% from 1Q 2021). Announcement • Aug 18
Innovative Eyewear Inc. Launches Lucyd Lyte Fall '22 Smart Eyewear Line Tekcapital Plc announced that Innovative Eyewear Inc. announced the launch of their Lucyd® Lyte Fall '22 smart eyewear line. The product debut introduces four new designer smart frames and the new Lucyd charging dock accessory. Strategically embedded, streamlined hinges integrated with the latest fashion trends make these frames the most stylish releases to-date for the company. Additionally, these new designs bring improvements to the build quality and audio fidelity of all Lucyd frames. The new Lucyd dock accessory can wirelessly charge all Lucyd Lyte models and up to three other USB-charged devices simultaneously, offering an organized and compact way to charge your go-to devices. The dock makes charging Lucyd eyewear as easy as setting the glasses down on your nightstand, making the Lucyd experience more user-friendly than ever. Announcement • Aug 16
Innovative Eyewear, Inc. has completed an IPO in the amount of $8.382354 million. Innovative Eyewear, Inc. has completed an IPO in the amount of $8.382354 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 980,000
Price\Range: $7.5
Transaction Features: Sponsor Backed Offering Board Change • Aug 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Co-Founder, CEO & Director Harrison Gross is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 
