Innovative Eyewear Inc. Reports 19% Increase in Q1 2025 Revenue, Achieves 49% Gross Profit Margin

Reuters

05/14

Innovative Eyewear Inc. Reports 19% Increase in Q1 2025 Revenue, Achieves 49% Gross Profit Margin

Innovative Eyewear Inc. reported its unaudited financial results for Q1 2025, revealing a 19% increase in net revenue to $0.454 million compared to $0.383 million in the same quarter of 2024. This growth was driven by increased unit sales from product launches in 2024, including the Nautica® and Eddie Bauer® collections powered by Lucyd, as well as the Lucyd Armor safety smart glasses line. The company also noted continued investments in marketing and advertising as contributing factors. Total operating expenses for Q1 2025 rose by 11% to $2.124 million from $2.021 million in Q1 2024. Innovative Eyewear Inc. managed to reduce its net loss to $1.779 million, or $(0.72) per share, from a net loss of $1.971 million, or $(2.59) per share, in Q1 2024. CEO Harrison Gross expressed optimism about the company's position to further grow revenues and market share, highlighting the potential of the newly launched Reebok® product line, which targets active lifestyles, and the ongoing success of the Lucyd Armor smart safety glasses. The company has expanded its sales team to support the launch and expansion of these product lines.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovative Eyewear Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: FL87315) on May 13, 2025, and is solely responsible for the information contained therein.

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Reports 19% Increase in Q1 2025 Revenue, Achieves 49% Gross Profit Margin","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Innovative Eyewear Inc. Reports 19% Increase in Q1 2025 Revenue, Achieves 49% Gross Profit Margin\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Innovative Eyewear Inc. reported its unaudited financial results for Q1 2025, revealing a 19% increase in net revenue to $0.454 million compared to $0.383 million in the same quarter of 2024. This growth was driven by increased unit sales from product launches in 2024, including the Nautica® and Eddie Bauer® collections powered by Lucyd, as well as the Lucyd Armor safety smart glasses line. The company also noted continued investments in marketing and advertising as contributing factors. Total operating expenses for Q1 2025 rose by 11% to $2.124 million from $2.021 million in Q1 2024. Innovative Eyewear Inc. managed to reduce its net loss to $1.779 million, or $(0.72) per share, from a net loss of $1.971 million, or $(2.59) per share, in Q1 2024. CEO Harrison Gross expressed optimism about the company's position to further grow revenues and market share, highlighting the potential of the newly launched Reebok® product line, which targets active lifestyles, and the ongoing success of the Lucyd Armor smart safety glasses. The company has expanded its sales team to support the launch and expansion of these product lines.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovative Eyewear Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: FL87315) on May 13, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Innovative Eyewear Inc. 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Reports 19% Increase in Q1 2025 Revenue, Achieves 49% Gross Profit Margin\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-14 05:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Innovative Eyewear Inc. Reports 19% Increase in Q1 2025 Revenue, Achieves 49% Gross Profit Margin\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Innovative Eyewear Inc. reported its unaudited financial results for Q1 2025, revealing a 19% increase in net revenue to $0.454 million compared to $0.383 million in the same quarter of 2024. This growth was driven by increased unit sales from product launches in 2024, including the Nautica® and Eddie Bauer® collections powered by Lucyd, as well as the Lucyd Armor safety smart glasses line. The company also noted continued investments in marketing and advertising as contributing factors. Total operating expenses for Q1 2025 rose by 11% to $2.124 million from $2.021 million in Q1 2024. Innovative Eyewear Inc. managed to reduce its net loss to $1.779 million, or $(0.72) per share, from a net loss of $1.971 million, or $(2.59) per share, in Q1 2024. CEO Harrison Gross expressed optimism about the company's position to further grow revenues and market share, highlighting the potential of the newly launched Reebok® product line, which targets active lifestyles, and the ongoing success of the Lucyd Armor smart safety glasses. The company has expanded its sales team to support the launch and expansion of these product lines.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovative Eyewear Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: FL87315) on May 13, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LUCY","symbol_name":"Innovative Eyewear, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250513:nNDLbgTwzH:1","article_id":"2535033211","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535033211","pubTimestamp":1747172966,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Innovative Eyewear Inc. reported its unaudited financial results for Q1 2025, revealing a 19% increase in net revenue to $0.454 million compared to $0.383 million in the same quarter of 2024. 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