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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 and ChatGPT to perform various smartphone tasks hands-free. It also offers smart eyewear under the Lyte XL brand; and Nautica Powered by Lucyd smart eyewear collection and various branded accessories, including a power brick, cleaning cloth, and a slipcase adorned. In addition, the company provides Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with an individual's voice; and Lucyd app for iOS and Android to provide voice access to ChatGPT in Lucyd eyewear. It sells its products through various e-commerce and retail channels. Innovative Eyewear, Inc. has a license agreement with Lucyd Ltd. The company was incorporated in 2019 and is headquartered in North Miami, Florida.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Innovative Eyewear, Inc. designs, markets and sells eyewear and accessories through direct-to-consumer e-commerce and wholesale channels. Long-term growth may be supported by brand expansion, digital marketing and broader retail distribution, and investors may find the company attractive for its niche brand positioning and online-focused model.
Primary risks include intense competition from large eyewear brands and online retailers, fashion cyclicality and dependence on supply-chain and inventory execution, and limited scale that could pressure margins or require additional capital.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -5.68M | -3.24M | -0.77M | -0.11M |
| Net income | -5.79M | -3.28M | -0.78M | -0.11M |
| Selling general administrative | 2.80M | 1.39M | 0.32M | 0.04M |
| Selling and marketing expenses | 2.06M | 1.77M | 0.15M | 0.00M |
| Gross profit | -0.06M | 0.15M | -0.02M | -0.00M |
| Reconciled depreciation | 0.03M | 0.01M | 0.00M | 0.00M |
| Ebit | -5.58M | -3.21M | -0.65M | -0.26M |
| Ebitda | -5.54M | -3.20M | -0.65M | -0.11M |
| Depreciation and amortization | 0.03M | 0.01M | 0.00M | - |
| Operating income | -5.58M | -3.21M | -0.65M | -0.11M |
| Other operating expenses | 6.24M | 3.90M | 0.71M | 0.11M |
| Interest expense | 0.11M | 0.04M | 0.00M | 0.00M |
| Net interest income | -0.11M | -0.04M | -0.00M | 0.00M |
| Income tax expense | 0.11M | 0.04M | 0.01M | - |
| Total revenue | 0.66M | 0.69M | 0.06M | 0.00M |
| Total operating expenses | 5.52M | 3.35M | 0.64M | 0.11M |
| Cost of revenue | 0.72M | 0.54M | 0.07M | 0.01M |
| Total other income expense net | -0.11M | -0.04M | -0.12M | - |
| Net income from continuing ops | -5.68M | -3.24M | -0.77M | -0.11M |
| Net income applicable to common shares | - | -3.24M | -0.77M | -0.26M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 6.22M | 4.69M | 0.82M | 0.21M | 0.00M |
| Intangible assets | 0.40M | 0.25M | 0.16M | 0.07M | - |
| Other current assets | 0.38M | 0.04M | 0.00M | 0.11M | - |
| Total liab | 0.66M | 0.67M | 0.62M | 0.77M | 0.48M |
| Total stockholder equity | 5.56M | 4.02M | 0.21M | -0.55M | -0.48M |
| Other current liab | 0.04M | 0.23M | 0.16M | 0.11M | 0.48M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M | - |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | -16.97M | -10.31M | -4.62M | -1.38M | -0.61M |
| Other assets | 0.00M | -0.00M | - | - | - |
| Cash | 4.29M | 3.59M | 0.08M | 0.03M | 0.00M |
| Total current liabilities | 0.62M | 0.60M | 0.62M | 0.77M | 0.48M |
| Current deferred revenue | 0.04M | 0.03M | - | - | - |
| Net debt | -4.29M | -3.53M | 0.21M | 0.57M | - |
| Short term debt | -0.04M | 0.06M | 0.29M | 0.60M | - |
| Short long term debt | - | 0.06M | 0.29M | 0.60M | - |
| Short long term debt total | - | 0.06M | 0.29M | 0.60M | - |
| Other stockholder equity | 22.53M | 14.33M | 4.83M | 0.82M | 0.13M |
| Property plant equipment | - | - | 0.02M | - | - |
| Total current assets | 5.62M | 4.24M | 0.64M | 0.14M | 0.00M |
| Net tangible assets | - | - | 0.05M | -0.62M | -0.48M |
| Net receivables | 0.09M | 0.11M | 0.04M | - | - |
| Inventory | 0.86M | 0.09M | 0.28M | 0.00M | 0.00M |
| Accounts payable | 0.58M | 0.28M | 0.17M | 0.05M | 0.00M |
| Non currrent assets other | 0.07M | 0.08M | - | - | - |
| Non current assets total | 0.60M | 0.45M | 0.18M | 0.07M | 0.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -0.22M | -0.12M | -0.06M | 0.00M |
| Change to liabilities | - | 0.16M | 0.05M | 0.00M |
| Total cashflows from investing activities | - | -0.12M | -0.06M | -0.06M |
| Net borrowings | - | 1.00M | 1.00M | 1.00M |
| Total cash from financing activities | 6.96M | 1.39M | 0.13M | 0.13M |
| Change to operating activities | - | -0.04M | -0.03M | -0.03M |
| Net income | -5.68M | -3.24M | -0.77M | -0.11M |
| Change in cash | 3.51M | 0.05M | 0.03M | 0.03M |
| Begin period cash flow | 0.08M | 0.03M | 0.00M | 0.00M |
| End period cash flow | 3.59M | 0.08M | 0.03M | 0.00M |
| Total cash from operating activities | -3.22M | -1.21M | -0.04M | -0.04M |
| Issuance of capital stock | 6.13M | 0.49M | 0.13M | 0.00M |
| Depreciation | 0.03M | 0.01M | 0.00M | 0.00M |
| Change to inventory | 0.05M | -0.25M | -0.03M | -0.03M |
| Change to account receivables | -0.18M | -0.04M | -0.04M | -0.04M |
| Other cashflows from financing activities | 1.48M | 0.89M | -0.06M | -0.11M |
| Change to netincome | - | 2.20M | 0.74M | 0.26M |
| Capital expenditures | 0.22M | 0.12M | 0.06M | 0.02M |
| Change in working capital | -0.23M | -0.18M | -0.01M | 0.00M |
| Stock based compensation | 1.47M | 1.33M | 0.08M | 0.00M |
| Other non cash items | 1.18M | 0.87M | 0.54M | 0.11M |
| Free cash flow | -3.44M | -1.33M | -0.10M | 0.00M |
Sector: Healthcare Industry: Medical Instruments & Supplies
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LUCY Innovative Eyewear Inc. |
0.00 0.04% |
0.83 | - | - | 3.08 | 0.64 | 0.01 | -0.00 |
| ISRG Intuitive Surgical Inc |
- -% |
436.87 | 43.30 | 31.35 | 12.25 | 7.35 | 11.63 | 30.22 |
| ESLOF EssilorLuxottica Société anonyme |
4.93 2.40% |
210.00 | 44.84 | 27.62 | 4.07 | 2.49 | 3.71 | 16.04 |
| ESLOY Essilor International SA |
2.27 2.21% |
104.93 | 41.68 | 27.25 | 3.94 | 2.45 | 3.71 | 16.04 |
| BDX Becton Dickinson and Company |
0.72 0.36% |
198.60 | 31.62 | 13.76 | 2.25 | 2.04 | 2.93 | 13.40 |
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 and ChatGPT to perform various smartphone tasks hands-free. It also offers smart eyewear under the Lyte XL brand; and Nautica Powered by Lucyd smart eyewear collection and various branded accessories, including a power brick, cleaning cloth, and a slipcase adorned. In addition, the company provides Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with an individual's voice; and Lucyd app for iOS and Android to provide voice access to ChatGPT in Lucyd eyewear. It sells its products through various e-commerce and retail channels. Innovative Eyewear, Inc. has a license agreement with Lucyd Ltd. The company was incorporated in 2019 and is headquartered in North Miami, Florida.
11900 Biscayne Boulevard, North Miami, FL, United States, 33181
954 826 0329
11
| Name | Title | Year Born |
|---|---|---|
| Mr. Harrison Reed Gross | Co-Founder, CEO & Director | 1993 |
| Mr. Konrad Dabrowski | Co-Founder & CFO | 1983 |
| Mr. David Eric Cohen | Co-Founder & CTO | 1973 |
| Mr. Jaoquin Abondano | Chief Operating Officer | 1984 |
| Mr. Ekene Ofodile | Senior VP Sales & Marketing | NA |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
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