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.
Revenue of Innovative Eyewear, Inc. (LUCY)
Revenue in 2023 (TTM): $1.15 M
According to Innovative Eyewear, Inc.'s latest financial reports the company's current revenue (TTM) is $1.15 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Innovative Eyewear, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $1.15 M | $-119,329 | $-6,770,280 | $-6,663,428 | $-6,663,428 |
| 2022 | $659.79 K | $-56,289 | $-5,544,095 | $-5,681,833 | $-5,681,833 |
| 2021 | $690.67 K | $148.25 K | $-3,197,396 | $-3,244,506 | $-3,244,506 |
| 2020 | $57 K | $-17,269 | $-649,895 | $-768,184 | $-768,184 |
| 2019 | $4.82 K | $-2,914 | $-109,427 | $-109,427 | $-262,625 |