Innovative Eyewear, Inc. Announces Preliminary Q1 2026 Results

Innovative Eyewear (NASDAQ:LUCY) reported preliminary unaudited Q1 2026 sales of approximately $0.81 million, up about 78% year-over-year, the company's highest first-quarter revenue and the eleventh consecutive quarter of YoY revenue growth.

Rhea-AI Summary

Innovative Eyewear (NASDAQ:LUCY) reported preliminary unaudited Q1 2026 sales of approximately $0.81 million, up about 78% year-over-year, the company's highest first-quarter revenue and the eleventh consecutive quarter of YoY revenue growth. Management cites accelerating momentum across its smart eyewear portfolio and improved gross margins as tariff mitigation actions take effect.

The company highlighted Lucyd Armor's Red Dot 2026 Product Design award and a reported ~44% Amazon smart safety-glasses market share, and said retail and industrial pilots are underway.

Positive

• Q1 2026 sales approximately $0.81M (+78% YoY)
• Highest first-quarter revenue in company history
• Eleven consecutive quarters of year-over-year revenue growth
• Lucyd Armor received the Red Dot 2026 Product Design award
• ~44% market share of smart safety glasses on Amazon.com

Negative

• Preliminary Q1 2026 results are unaudited and remain subject to audit

Argus Apr 22 session

+4.90% close to close Open Argus

Details

News Market Reaction – LUCY

In the Apr 22 session, LUCY gained 4.90%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights preliminary Q1 2026 revenue of $0.81M, up 78% year over year and markin...

Analysis

This announcement highlights preliminary Q1 2026 revenue of $0.81M, up 78% year over year and marking the company’s highest first-quarter revenue and 11 consecutive quarters of growth. Management also points to improved gross margins and expanding distribution and partnership channels. In context of prior earnings showing steady growth but ongoing losses, investors often focus on margin sustainability, operating expense trends, and traction from new retail and white-label initiatives.

Key Figures

Q1 2026 sales: $0.81M Q1 2026 YoY growth: 78% Growth streak: 11 quarters +2 more

Q1 2026 sales

$0.81M

Preliminary unaudited Q1 2026 revenue

Q1 2026 YoY growth

78%

Increase over Q1 2025 revenue

Growth streak

11 quarters

Consecutive quarters of year-over-year revenue growth

2025 revenue growth

63%

Full-year 2025 YoY revenue growth rate referenced in release

Armor market share

44%

Approximate Lucyd Armor share of smart safety glasses on Amazon.com

Previous Earnings Reports

5 past events · Latest: Mar 25

Same Type 5 events

1. Mar 25

   Annual results

   24h Move

   +0.0%

   Reported 2025 revenue growth to $2.67M and higher gross margin at 21%.

2. Nov 13

   Quarterly earnings

   24h Move

   -12.4%

   Q3 2025 revenue grew sharply with margin improving to 37% year over year.

3. Aug 14

   Quarterly earnings

   24h Move

   -6.8%

   Q2 2025 revenue rose 88% YoY but margins were pressured by tariffs.

4. May 13

   Quarterly earnings

   24h Move

   +46.5%

   Q1 2025 showed revenue growth and a sharp rebound in gross margin to 49%.

5. Mar 25

   Annual results

   24h Move

   -3.6%

   Full-year 2024 revenue increased 42% with gross margin turning positive at 13%.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

white label

1 terms

white label technical

"The Company has also launched a new white label offering at the last Vision Expo..."

A white label product or service is made by one company but packaged and sold by another under the buyer’s brand, like a grocery selling a generic cereal in its own box. For investors, white labeling can speed growth and improve margins because a company can offer new products without building them from scratch, but it also creates dependency on outside suppliers and can hide quality or margin risks that affect revenue and brand value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Revenue Increases Approximately 78% Year-Over-Year

MIAMI, April 22, 2026 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer & manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Nautica®, and Eddie Bauer® brands, is pleased to announce its preliminary unaudited sales results for the first quarter ended March 31, 2026.

The Company achieved preliminary Q1 2026 sales of approximately $0.81 million, an increase of approximately 78% over Q1 2025. This marks the highest first-quarter revenue in the Company's history and extends its progress of year-over-year quarterly revenue growth to eleven consecutive quarters. The Q1 2026 growth rate represents an acceleration from the full-year 2025 growth rate of approximately 63%, and reflects continued positive momentum across the Company's smart eyewear portfolio.

Lucyd Armor®, the Company's most popular product line, was recently named a recipient of the 2026 Red Dot Design Award, and the NHPA Retailer's Choice Award. According to a recent analysis, Lucyd Armor holds approximately 44% market share of smart safety glasses on Amazon.com, and to the Company's knowledge, remains the only smart safety glass on the platform with full safety certification in the US, Canada, and the European Union. Further, management believes the Company has now built a diverse product mix, multiple distribution channels, and the international footprint necessary to build on its position as an industry value leader in smart eyewear.

Alongside its steady e-commerce growth, the Company is in discussions with several retailers to introduce Lucyd Armor and Reebok Powered by Lucyd products into stores across the US and Canada in 2026. This includes big box stores, traditional optical chains, and hardware and automotive chains. Additionally, several leading industrial and logistics companies are testing Lucyd products for workforce use, including DHL, Do It Best / True Value, and Thermo King. The Company has also launched a new white label offering at the last Vision Expo, to enable retailers and legacy eyewear brands to quickly introduce smart eyewear products in partnership with Innovative Eyewear. The Company already has an affirmative commitment for a white label line of smart safety glasses.

Preliminary Q1 2026 results also reflect improved gross margins, with Q1 2026 gross profit margins showing a significant increase over full-year 2025 gross profit margins as the Company's previously announced tariff mitigation actions continue to be effective.

"Our preliminary Q1 2026 results represent our strongest start to any year in Company history and reflect the accelerating momentum of our smart eyewear portfolio," said Harrison Gross, CEO of Innovative Eyewear. "Growing approximately 78% year-over-year in the first quarter, above our full-year 2025 pace of 63%, demonstrates that our brand, product, and distribution strategy is working. This momentum is further validated by industry recognition, including having just received the Red Dot 2026 Product Design award. Whilst these results remain subject to audit, we are highly encouraged by the preliminary Q1 2026 sales performance and by the commercial pipeline we are seeing in our optical, safety, and sporting goods channels. Demand for Armor's unique workforce connectivity solutions remain a highlight, as this product has excellent market fit."

About Innovative Eyewear, Inc.

Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd®, Lucyd Armor®, Reebok®, Nautica® and Eddie Bauer® brands. True to our mission to Upgrade Your Eyewear®, our Bluetooth audio glasses allow users to stay safely and ergonomically connected to their digital lives and are offered in hundreds of frame and lens combinations to meet the needs of the optical, sunglass, sporting goods and safety eyewear markets. To learn more and explore our continuously evolving collection of smart eyewear, please visit www.lucyd.co.

Forward Looking Statements

This press release contains certain forward-looking statements, including those relating to preliminary Q1 2026 sales results, gross margin recovery, the market for smart eyewear, expected industry award recognition, international expansion, and future growth prospects. Forward-looking statements are based on the Company's current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, "anticipate," "believe," "continue," "estimate," "expect," "future," "intend," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption "Risk Factors."

Investor Relations Contact:

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: +1 (646) 893-5835
Email: info@skylineccg.com 

 

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SOURCE Innovative Eyewear, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Innovative Eyewear's preliminary Q1 2026 sales and growth rate (LUCY)?

Innovative Eyewear reported preliminary Q1 2026 sales of about $0.81 million, up roughly 78% year-over-year. According to the company, this is the highest first-quarter revenue in its history and continues 11 consecutive quarters of YoY growth.

How did Lucyd Armor perform in Q1 2026 and what recognition did it receive (LUCY)?

Lucyd Armor remains the company's top product line and earned the Red Dot 2026 Product Design award. According to the company, Lucyd Armor holds about 44% Amazon market share for smart safety glasses.

Did Innovative Eyewear report margin changes in preliminary Q1 2026 (LUCY)?

The company reported improved gross profit margins in Q1 2026 versus full-year 2025, attributing gains to tariff mitigation actions. According to the company, those actions continue to be effective and supported margin improvement.

Are Innovative Eyewear's Q1 2026 results final and audited (LUCY)?

No, the Q1 2026 sales figures are preliminary and unaudited and remain subject to audit. According to the company, final audited results could differ from these preliminary numbers.

What commercial progress did Innovative Eyewear announce for 2026 retail and industrial channels (LUCY)?

The company said it is in discussions with US and Canada retailers and noted industrial pilots with companies testing Lucyd products. According to the company, pilots and retailer talks are part of expanding distribution in 2026.