Innovative 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.
P/B ratio for Innovative Eyewear, Inc. (LUCY)
P/B ratio as of 2023: 0.80
According to Innovative Eyewear, Inc.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.80. At the end of 2022 the company had a P/B ratio of 2.22.
P/B ratio history for Innovative Eyewear, Inc. from 2019 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 0.80 |
| 2022 | 2.22 |
| 2021 | 148.89 |
| 2020 | -31.43 |
| 2019 | -24.21 |