Overview

• US smart eyewear maker's Q1 revenue rose 70% yr/yr, led by Lucyd Armor sales

• Gross profit margin improved to 23% from full-year 2025 run-rate

• Company posted Q1 net loss of $2.3 mln, or $0.37 per share

Outlook

• Company expects to maintain gross profit margins near current levels

• Innovative Eyewear aims to continue revenue growth through new retail and distribution partnerships

Result Drivers

• LUCYD ARMOR SALES - Higher sales volume of Lucyd Armor smart safety glasses drove most of the revenue growth

• PRODUCT MIX SHIFT - Co shifted sales toward higher-ROI Lucyd Armor safety category and phased out some older collections

• OPERATING EXPENSES - Higher general and administrative expenses drove most of the increase in operating costs

Company press release: ID:nPn43tbPNa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 EPS		-$0.37

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• Wall Street's median 12-month price target for Innovative Eyewear Inc is $3.00, about 201.2% above its May 13 closing price of $1.00

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.