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Healthcare - Medical - Instruments & Supplies - NASDAQ - US
$ 6.85
3.63 %
$ 16.4 M
Market Cap
-0.63
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one LUCY stock under the base case scenario is HIDDEN Compared to the current market price of 6.85 USD, Innovative Eyewear, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart LUCY

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FINANCIALS
1.15 M REVENUE
74.67%
-6.9 M OPERATING INCOME
-23.74%
-6.66 M NET INCOME
-17.28%
-5.77 M OPERATING CASH FLOW
-78.83%
-199 K INVESTING CASH FLOW
9.64%
6.66 M FINANCING CASH FLOW
-4.23%
254 M REVENUE
82055.42%
-661 M OPERATING INCOME
0.00%
4.37 M NET INCOME
324.03%
-4.79 B OPERATING CASH FLOW
-248366.97%
-5.1 B INVESTING CASH FLOW
-27924435.58%
10.2 B FINANCING CASH FLOW
195323.00%
Balance Sheet Decomposition Innovative Eyewear, Inc.
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Current Assets 5.62 M
Cash & Short-Term Investments 4.29 M
Receivables 93.2 K
Other Current Assets 1.24 M
Non-Current Assets 602 K
Long-Term Investments 0
PP&E 133 K
Other Non-Current Assets 469 K
Current Liabilities 624 K
Accounts Payable 582 K
Short-Term Debt 0
Other Current Liabilities 42.5 K
Non-Current Liabilities 35.4 K
Long-Term Debt 0
Other Non-Current Liabilities 35.4 K
EFFICIENCY
Earnings Waterfall Innovative Eyewear, Inc.
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Revenue 1.15 M
Cost Of Revenue 1.27 M
Gross Profit -119 K
Operating Expenses -119 K
Operating Income -6.9 M
Other Expenses -237 K
Net Income -6.66 M
RATIOS
-10.35% GROSS MARGIN
-10.35%
-598.76% OPERATING MARGIN
-598.76%
-578.18% NET MARGIN
-578.18%
-119.87% ROE
-119.87%
-107.15% ROA
-107.15%
-124.14% ROIC
-124.14%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Innovative Eyewear, Inc.
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Net Income -6.66 M
Depreciation & Amortization 85.3 K
Capital Expenditures -251 K
Stock-Based Compensation 937 K
Change in Working Capital -364 K
Others -125 K
Free Cash Flow -6.02 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Innovative Eyewear, Inc.
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LUCY has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Innovative Eyewear, Inc.
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Sold
0-3 MONTHS
2.9 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
8.66 M USD 2
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 month ago
Sep 23, 2024
Bought 286 K USD
Galkin Vladimir
10 percent owner
+ 33273
8.61 USD
1 month ago
Sep 23, 2024
Bought 14.4 K USD
Galkin Vladimir
10 percent owner
+ 1655
8.73 USD
1 month ago
Sep 23, 2024
Bought 888 K USD
Galkin Vladimir
10 percent owner
+ 100072
8.87 USD
1 month ago
Sep 23, 2024
Bought 30.8 K USD
Galkin Vladimir
10 percent owner
+ 3247
9.5 USD
1 month ago
Sep 23, 2024
Bought 604 K USD
Galkin Vladimir
10 percent owner
+ 62545
9.65 USD
1 month ago
Sep 20, 2024
Bought 251 K USD
Galkin Vladimir
10 percent owner
+ 24599
10.19 USD
1 month ago
Sep 20, 2024
Sell 116 K USD
Galkin Vladimir
10 percent owner
- 10792
10.79 USD
1 month ago
Sep 20, 2024
Sell 32.4 K USD
Galkin Vladimir
10 percent owner
- 3245
10 USD
1 month ago
Sep 20, 2024
Bought 471 K USD
Galkin Vladimir
10 percent owner
+ 45401
10.37 USD
1 month ago
Sep 19, 2024
Bought 301 K USD
Galkin Vladimir
10 percent owner
+ 37195
8.1 USD
1 month ago
Sep 19, 2024
Sell 7.64 K USD
Galkin Vladimir
10 percent owner
- 780
9.79 USD
1 month ago
Sep 19, 2024
Sell 154 K USD
Galkin Vladimir
10 percent owner
- 16223
9.5 USD
1 month ago
Sep 19, 2024
Bought 221 K USD
Galkin Vladimir
10 percent owner
+ 25648
8.62 USD
1 month ago
Sep 19, 2024
Sell 215 K USD
Galkin Vladimir
10 percent owner
- 24424
8.79 USD
1 month ago
Sep 19, 2024
Sell 7.66 K USD
Galkin Vladimir
10 percent owner
- 901
8.5 USD
1 month ago
Sep 19, 2024
Bought 987 K USD
Galkin Vladimir
10 percent owner
+ 110038
8.97 USD
1 month ago
Sep 19, 2024
Bought 1.14 M USD
Galkin Vladimir
10 percent owner
+ 124562
9.15 USD
1 month ago
Sep 18, 2024
Bought 127 K USD
Galkin Vladimir
10 percent owner
+ 17043
7.45 USD
1 month ago
Sep 18, 2024
Bought 133 K USD
Galkin Vladimir
10 percent owner
+ 17805
7.466 USD
1 month ago
Sep 18, 2024
Bought 510 K USD
Galkin Vladimir
10 percent owner
+ 65152
7.83 USD
1 month ago
Sep 18, 2024
Sell 328 K USD
Galkin Vladimir
10 percent owner
- 40000
8.2 USD
1 month ago
Sep 18, 2024
Sell 162 K USD
Galkin Vladimir
10 percent owner
- 20000
8.12 USD
1 month ago
Sep 18, 2024
Bought 228 K USD
Galkin Vladimir
10 percent owner
+ 28130
8.1 USD
2 months ago
Sep 17, 2024
Bought 21.8 K USD
Galkin Vladimir
10 percent owner
+ 3515
6.19 USD
2 months ago
Sep 17, 2024
Bought 243 K USD
Galkin Vladimir
10 percent owner
+ 36478
6.66 USD
2 months ago
Sep 17, 2024
Bought 1.16 M USD
Galkin Vladimir
10 percent owner
+ 169903
6.85 USD
2 months ago
Sep 17, 2024
Sell 418 K USD
Galkin Vladimir
10 percent owner
- 51656
8.1 USD
2 months ago
Sep 17, 2024
Sell 323 K USD
Galkin Vladimir
10 percent owner
- 40387
8 USD
2 months ago
Sep 17, 2024
Bought 497 K USD
Galkin Vladimir
10 percent owner
+ 66835
7.44 USD
2 months ago
Sep 17, 2024
Sell 927 K USD
Galkin Vladimir
10 percent owner
- 134693
6.88 USD
2 months ago
Sep 17, 2024
Sell 211 K USD
Galkin Vladimir
10 percent owner
- 31747
6.66 USD
2 months ago
Sep 17, 2024
Bought 21.7 K USD
Galkin Vladimir
10 percent owner
+ 2841
7.65 USD
2 months ago
Sep 17, 2024
Bought 522 K USD
Galkin Vladimir
10 percent owner
+ 67164
7.77 USD
2 months ago
Aug 19, 2024
Bought 1.84 K USD
Gross Harrison R.
Chief Executive Officer
+ 500
3.68 USD
7. News
Innovative Eyewear Inc. Reports Third Quarter 2024 Financial Results Revenue Increased 14% in Q3 2024 vs Q3 2023, and 76% on a Year-to-Date Basis vs 2023 MIAMI , Nov. 13, 2024 /PRNewswire/ -- Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), a developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced its financial results for the third quarter of 2024. Net revenue for the quarter ended September 30, 2024 was $253,599, an increase of 14% from the quarter ended September 30, 2023. prnewswire.com - 4 days ago
Innovative Eyewear, Inc. Announces Lucyd Smart Eyewear Now Sold at Nebraska Furniture Mart MIAMI , Nov. 5, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or "the Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced that the full range of Lucyd, and Powered by Lucyd products, will be available at NFM Optical starting Black Friday, 2024. NFM (Nebraska Furniture Mart), headquartered in Omaha, NE, is a powerhouse Midwestern retailer with four locations that redefine the retail experience, founded in 1937. prnewswire.com - 1 week ago
Innovative Eyewear Launches First ANSI-Certified Smart Safety Glasses for All-day Wear Revolutionary Eyewear Integrates Advanced AI Features with Certified Safety Standards for Industrial Use MIAMI , Oct. 29, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. (NASDAQ: LUCY; LUCYW), the developer of ChatGPT-enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, announces today that it has officially launched Lucyd Armor™—the world's first smart safety eyewear in a lightweight, affordable and prescription-ready form factor, and meeting the ANSI Z87.1 standard for workplace safety use. Designed for professionals in many different environments from industrial, to logistics, to medical, Lucyd Armor combines certified eye protection with advanced technology to enhance communications, information access and awareness in the workplace. prnewswire.com - 2 weeks ago
Innovative Eyewear, Inc. Announces Notice of Patent Allowance on Modular Smart Eyewear Technology MIAMI , Oct. 24, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or "the Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, received on October 23 rd, a notice of allowance for its utility patent application U.S. Patent Application No. 17/104,849, entitled "Wireless Smartglasses with Quick Connect Front Frames". prnewswire.com - 3 weeks ago
Innovative Eyewear Launches First-Ever Generative AI Eyewear Fashion Show MIAMI , Oct. 14, 2024 /PRNewswire/ -- Innovative Eyewear (NASDAQ: LUCY; LUCYW), the developer of ChatGPT-enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer®, and Reebok® brands, today announced the launch of the first generative AI fashion show for eyewear. In this striking digital performance, AI-generated models flaunt the latest real smart eyewear collections from Lucyd, including its collaborative collections with Reebok, Nautica and Eddie Bauer. prnewswire.com - 1 month ago
Innovative Eyewear, Inc. Adopts Limited Duration Stockholders Rights Plan MIAMI , Sept. 25, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (Nasdaq: LUCY), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced that its Board of Directors has approved the adoption of a limited duration stockholder rights plan (the "Rights Plan") and declared a dividend distribution of one right ("Right") for each outstanding share of common stock. prnewswire.com - 1 month ago
Innovative Eyewear, Inc. Announces Exercise of Warrants for $2.6 Million Gross Proceeds MIAMI , Sept. 23, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (Nasdaq: LUCY), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase an aggregate of 263,160 shares of the Company's common stock originally issued by the Company on May 29, 2024, each having an original exercise price of $9.50 per share, at an exercise price of $9.875 per share. prnewswire.com - 1 month ago
Innovative Eyewear to Unveil ANSI-Certified Smart Safety Eyewear at Vision Expo West MIAMI , Sept. 17, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of ChatGPT-enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, is pleased to announce the unveiling of their first ANSI-certified smart safety eyewear at Vision Expo West in Las Vegas, Nevada, September 19 th-21st 2024. prnewswire.com - 2 months ago
Innovative Eyewear Secures Distribution Deal for Gulf Cooperation Council (GCC) Countries MIAMI , Sept. 5, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of ChatGPT-enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, is pleased to announce a significant expansion into the Middle East market through an exclusive distribution agreement with Ecom Gulf FZCO (DBA Mixireal.com ). prnewswire.com - 2 months ago
Innovative Eyewear, Inc. Announces Closing of Exercise of Warrants Raises approximately $8 million since the beginning of the second quarter of 2024 MIAMI , Sept. 4, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (Nasdaq: LUCY), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, announced today that it closed its previously announced transaction involving the exercise of certain outstanding warrants to purchase an aggregate of 126,699 shares of the Company's common stock originally issued by the Company on June 26, 2023, each having an original exercise price of $21.00 per share, at a reduced exercise price of $5.00 per share. prnewswire.com - 2 months ago
Innovative Eyewear, Inc. Announces Exercise of Warrants MIAMI , Sept. 3, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (Nasdaq: LUCY), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase an aggregate of 126,699  shares of the Company's common stock originally issued by the Company on June 26, 2023, each having an original exercise price of $21.00 per share, at a reduced exercise price of $5.00 per share. prnewswire.com - 2 months ago
Innovative Eyewear, Inc. Announces Lucyd Smart Eyewear Now Sold on Target.com MIAMI , Aug. 29, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or "the Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced that its Lucyd Lyte frames are now being sold on Target.com. In a major move to increase its U.S. market presence, Innovative Eyewear's cutting-edge smart eyewear collection, namely products from its marquee Lucyd® brand, are available on Target.com. prnewswire.com - 2 months ago
8. Profile Summary

Innovative Eyewear, Inc. LUCY

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COUNTRY US
INDUSTRY Medical - Instruments & Supplies
MARKET CAP $ 16.4 M
Dividend Yield 0.00%
Description 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.
Contact 11900 Biscayne Boulevard, North Miami, FL, 33181 https://www.lucyd.co
IPO Date Aug. 15, 2022
Employees 11
Officers Mr. Oswald Anthony Gayle Co-Chief Financial Officer Mr. Jaoquin Abondano Chief Operating Officer Mr. David Eric Cohen Co-Founder & Chief Technology Officer Mr. Konrad Dabrowski Co-Chief Financial Officer & Co-Founder Mr. Harrison Reed Gross Co-Founder, Chief Executive Officer & Director