Lucyd Inc Financials
Lucyd Inc (LUCY) reported $2.7M in revenue for fiscal year 2025, up 62.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue growth is being funded by new capital, while improving gross margin still sits below the operating cost base.
From FY2023 to FY2025, revenue rose from$1.2M to$2.7M and gross margin moved from-10.4% to21.3% , yet operating cash burn still worsened from-$5.8M to-$7.3M because SG&A scaled faster than gross profit. That combination suggests the main bottleneck is now overhead intensity, not just weak unit economics, so the business remains externally financed even after product-level profitability improved.
Inventory intensity increased sharply: inventory grew from
The balance sheet is still equity-funded rather than debt-driven, with FY2025 cash of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Lucyd Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Lucyd Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Lucyd Inc reported a net loss of $7.6M while operations used $7.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Lucyd Inc generated $2.7M in revenue in fiscal year 2025. This represents an increase of 62.6% from the prior year.
Lucyd Inc reported -$7.6M in net income in fiscal year 2025. This represents an increase of 2.3% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Lucyd Inc recorded an outflow of $7.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 8.0% from the prior year.
Lucyd Inc held $6.5M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Lucyd Inc's gross margin was 21.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 8.2 percentage points from the prior year.
Lucyd Inc's ROE was -83.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Lucyd Inc invested $725K in research and development in fiscal year 2025. This represents a decrease of 11.5% from the prior year.
Lucyd Inc invested $73K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 16.6% from the prior year.
Not reported for fiscal year 2025.
LUCY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | $3.4M | $2.7M+62.6% | $1.6M+42.0% | $1.2M+74.7% | $660K-4.5% | $691K |
| Cost of Revenue | $2.6M | $2.1M+47.4% | $1.4M+11.8% | $1.3M+77.6% | $716K+32.0% | $542K |
| Gross Profit | $778K | $567K+163.7% | $215K+280.3% | -$119K-112.0% | -$56K-138.0% | $148K |
| R&D Expenses | $527K | $725K-11.5% | $819K+23.7% | $662K+26.2% | $525K+508.3% | $86K |
| SG&A Expenses | $5.6M | $5.2M+16.8% | $4.5M+15.1% | $3.9M+39.0% | $2.8M+101.8% | $1.4M |
| Interest Expense | N/A | N/A | N/A | $3K-97.1% | $105K+166.7% | $39K |
| Net Income | -$7.7M | -$7.6M+2.3% | -$7.8M-16.6% | -$6.7M-17.3% | -$5.7M-75.1% | -$3.2M |
| EPS (Diluted) | — | -$1.90 | -$5.19 | -$10.87 | -$0.87 | N/A |
Not reported in any period shown, so not listed: Operating Income, Income Tax.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LUCY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $10.1M+3.1% | $9.8M+58.2% | $6.2M+32.6% | $4.7M+468.9% | $824K |
| Current Assets | $9.4M+2.1% | $9.2M+64.5% | $5.6M+32.4% | $4.2M+558.2% | $644K |
| Cash & Equivalents | $6.5M+147.7% | $2.6M-38.7% | $4.3M+19.4% | $3.6M+4404.3% | $80K |
| Inventory | $1.7M+109.8% | $832K+56.0% | $533K+463.1% | $95K-65.6% | $276K |
| Accounts Receivable | $142K+31.7% | $108K+15.8% | $93K-15.5% | $110K+154.1% | $43K |
| Total Liabilities | $1.1M+44.5% | $743K+12.6% | $660K-0.8% | $665K+7.9% | $617K |
| Current Liabilities | $1.0M+41.7% | $738K+18.1% | $624K+4.1% | $600K-2.7% | $617K |
| Total Equity | $9.1M-0.3% | $9.1M+63.6% | $5.6M+38.1% | $4.0M+1839.3% | $208K |
| Retained Earnings | -$32.3M-30.7% | -$24.7M-45.8% | -$17.0M-64.7% | -$10.3M-122.9% | -$4.6M |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
LUCY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.2M | -$7.3M-7.9% | -$6.7M-16.9% | -$5.8M-78.8% | -$3.2M-165.6% | -$1.2M |
| Capital Expenditures | N/A | $73K+16.6% | $62K-20.7% | $78K-35.5% | $122K+484.9% | $21K |
| Free Cash Flow | N/A | -$7.3M-8.0% | -$6.8M-16.4% | -$5.8M-74.7% | -$3.3M-170.9% | -$1.2M |
| Investing Cash Flow | -$262K | $4.5M+186.7% | -$5.2M-2497.3% | -$199K+9.6% | -$220K-85.7% | -$118K |
| Financing Cash Flow | $2.3M | $6.7M-34.8% | $10.2M+53.8% | $6.7M-4.2% | $7.0M+402.1% | $1.4M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LUCY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Gross Margin | 21.3%+8.2pp | 13.2%+23.5pp | -10.3%-1.8pp | -8.5%-30.0pp | 21.5% |
| Net Margin | -285.2% | -474.6% | -578.2% | -861.2% | -469.8% |
| Return on Equity | -83.7%+1.7pp | -85.4%+34.5pp | -119.9%+21.3pp | -141.2%+1422.3pp | -1563.5% |
| Return on Assets | -74.9%+4.1pp | -78.9%+28.2pp | -107.1%+14.0pp | -121.2%+272.4pp | -393.6% |
| Current Ratio | 9.03-3.5x | 12.52+3.5x | 8.99+1.9x | 7.07+6.0x | 1.04 |
| Debt-to-Equity | 0.120.0x | 0.080.0x | 0.120.0x | 0.17-2.8x | 2.97 |
| FCF Margin | -276.1% | -415.7% | -507.2% | -507.1% | -178.8% |
Not reported in any period shown, so not listed: Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
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Where Lucyd Inc Ranks
Frequently Asked Questions
What is Lucyd Inc's annual revenue?
Lucyd Inc (LUCY) reported $2.7M in total revenue for fiscal year 2025. This represents a 62.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lucyd Inc's revenue growing?
Lucyd Inc (LUCY) revenue grew by 62.6% year-over-year, from $1.6M to $2.7M in fiscal year 2025.
Is Lucyd Inc profitable?
No, Lucyd Inc (LUCY) reported a net income of -$7.6M in fiscal year 2025.
What is Lucyd Inc's gross margin?
Lucyd Inc (LUCY) had a gross margin of 21.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lucyd Inc's return on equity (ROE)?
Lucyd Inc (LUCY) has a return on equity of -83.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lucyd Inc's free cash flow?
Lucyd Inc (LUCY) recorded an outflow of $7.3M in free cash flow during fiscal year 2025. This represents a -8.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lucyd Inc's operating cash flow?
Lucyd Inc (LUCY) recorded an outflow of $7.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Lucyd Inc's total assets?
Lucyd Inc (LUCY) had $10.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lucyd Inc's capital expenditures?
Lucyd Inc (LUCY) invested $73K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lucyd Inc spend on research and development?
Lucyd Inc (LUCY) invested $725K in research and development during fiscal year 2025.
What is Lucyd Inc's current ratio?
Lucyd Inc (LUCY) had a current ratio of 9.03 as of fiscal year 2025, which is generally considered healthy.
What is Lucyd Inc's debt-to-equity ratio?
Lucyd Inc (LUCY) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lucyd Inc's return on assets (ROA)?
Lucyd Inc (LUCY) had a return on assets of -74.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Lucyd Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Lucyd Inc (LUCY) held $6.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $7.3M over that year. Dividing the one by the other, the reported balance equals about 11 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Lucyd Inc's Piotroski F-Score?
Lucyd Inc (LUCY) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lucyd Inc's earnings high quality?
Lucyd Inc (LUCY) reported a net loss of $7.6M while operations used $7.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Lucyd Inc?
Lucyd Inc (LUCY) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.