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Innovative Eyewear, Inc.

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.

Market Cap

$16.8M

Volume

889.0K

Cash and Equivalents

$4.5M

EBITDA

-$8.2M

Tax Rate Collected

N/A

Tax Rate Ratio

N/A

Gross Profit

-$58.7K

Profit Margin

3.76%

52 Week High

$27.20

52 Week Low

$3.26

Dividend

N/A

Price / Book Value

1.52

Price / Earnings

-0.83

Price / Tangible Book Value

1.58

Enterprise Value

$7.3M

Enterprise Value / EBITDA

-0.90

Operating Income

-$8.3M

Return on Equity

86.51%

Return on Assets

-52.58

Cash and Short Term Investments

$9.4M

Debt

N/A

Equity

$10.9M

Revenue

$1.6M

Unlevered FCF

-$4.1M

Sector

Health Care Equipment and Supplies

Category

N/A

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