Innovative Eyewear Announces Unaudited First Quarter 2025 Financial Results
Published on May 15, 2025
MIAMI—Innovative Eyewear Inc., (NASDAQ: LUCY, LUCYW), the developer of smart eyewear under the Lucyd, Nautica, Eddie Bauer and Reebok brands, has announced its first quarter 2025 unaudited financial results. Net revenue for the quarter ended March 31, 2025, was $454,501, an increase of 19 percent from revenue of $383,471 in the same period last year. The company said this increase was primarily attributed to growth in unit sales volume, which was driven by 2024 product launches of the co-branded Nautica Powered by Lucyd and Eddie Bauer Powered by Lucyd collections, as well as the Lucyd Armor safety smart glasses line. In addition, the company said its continued investments in marketing and advertising initiatives, along with increased public interest and growth in smart glasses and the wearable products category, contributed to this growth in revenues. This growth preceded the launch of Reebok by Lucyd in April 2025, they advised.