Innovative Eyewear Reports Record Preliminary Q3 2026 Net Sales, Up 55% Year-Over-Year
Nine-month preliminary net sales already exceed 2025 full-year sales, with additional distributor orders expected to ship in October.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Innovative Eyewear (LUCY) reported preliminary, unaudited third-quarter 2026 net sales of approximately $1.04 million, its highest quarterly sales to date. Sales rose approximately 55% year over year, following 163% growth in Q3 2025, marking the thirteenth consecutive quarter of year-over-year revenue growth. Net sales for the nine months ended September 30, 2026, reached approximately $2.8 million, up approximately 66% from the same period in 2025 and above full-year 2025 sales of $2.66 million.
Quarterly growth reflected approximately 25% growth in direct-to-consumer and online marketplace sales and initial wholesale shipments. Orders from Directed Electronics cover more than 3,000 units, are expected to ship in October and are excluded from Q3 sales. The company expects wholesale expansion to have a more meaningful sales effect beginning in Q4 2026 and into 2027. The estimates remain subject to financial close and independent accountant review.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointQ3 2026 net sales reached a record approximately $1.04 million, up approximately 55% year over year.
- Moderate point. Forward-looking: it has not happened yet and may not happen.More than 3,000 units ordered by Directed Electronics are expected to ship in October 2026.
- Minor pointNine-month 2026 net sales of approximately $2.8 million rose approximately 66%, exceeding full-year 2025 sales of $2.66 million.
- Minor pointThirteenth consecutive quarter of year-over-year revenue growth followed 163% growth in Q3 2025.
- Minor pointDirect-to-consumer and online marketplace sales increased approximately 25% in Q3 2026.
3 minor points
- Minor pointInitial U.S. big-box retailer purchase order was received and shipped in September for the Lucyd Armor rollout.
- Minor pointFYihealth Group retail launch commenced in Q3; initial stock shipped in July and subsequent restocks have begun shipping.
- Minor point. Forward-looking: it has not happened yet and may not happen.Wholesale expansion is expected to have a more meaningful sales effect beginning in Q4 2026 and into 2027.
Negative
- Minor pointPreliminary, unaudited sales estimates remain subject to quarter-end close and independent accountant review; actual results may differ materially.
News Explained
Q3 sales remain preliminary; the company expects to report full results in mid-November 2026.
Innovative Eyewear has received and shipped an initial order from a U.S. big-box retailer, with in-store sales expected in
The company expects to report full third-quarter results with its Form 10-Q in
Key Figures
- Q3 net sales
- $1.04 million
- Preliminary, unaudited Q3 2026; company-record quarterly sales
- Q3 year-over-year sales growth
- 55%
- Preliminary Q3 2026 versus Q3 2025
- Nine-month net sales
- $2.8 million
- Preliminary, unaudited nine months ended September 30, 2026
- Nine-month year-over-year sales growth
- 66%
- Nine months ended September 30, 2026 versus the prior-year period
- U.S. retailer locations
- More than 150 stores
- Planned Lucyd Armor product offering; in-store sales expected in October 2026
- Australia and New Zealand purchase orders
- More than 3,000 units
- Initial orders from exclusive distributor; expected to ship in October 2026
Historical Context
-
Earlier update disclosed quarterly revenue above $1 million; this release provides preliminary Q3 sales.
-
Announced exclusive Australia and New Zealand distribution; this release reports initial purchase orders.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
form 10-q regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Thirteenth Consecutive Quarter of Growth Ahead of Major Wholesale Launches
Preliminary Third Quarter 2026 Net Sales
- Preliminary Q3 2026 net sales of approximately
$1.04 million 55% over Q3 2025 and the highest quarterly net sales in the Company's history. - Q3 2026 growth came on top of a
163% year-over-year increase in Q3 2025. - Thirteenth consecutive quarter of year-over-year revenue growth.
- Preliminary net sales for the nine months ended September 30, 2026, were approximately
$2.8 million 66% over the nine months ended September 30, 2025. - Nine-month net sales already exceed the Company's net sales of
$2.66 million - Third quarter growth reflected an increase of approximately
25% in direct-to-consumer and online marketplace sales and the first shipments under the Company's new wholesale programs. The wholesale expansion is expected to have a more meaningful effect on net sales beginning in the fourth quarter of 2026 and into 2027.
Wholesale and International Expansion
- United States: In September, the Company received and shipped an initial purchase order from one of the largest big-box retailers in the
U.S . for its previously announced Lucyd Armor® rollout. The retailer plans to offer the products in more than 150 of its stores nationwide, with in-store sales expected to begin in October 2026. The newly launching locations have been added to the Lucyd.co store locator, with product expected to be available at these locations this month. Canada : The previously announced retail launch with FYihealth Group, operator of the FYidoctors, Visique and Solis optical clinic networks, commenced during the third quarter, and product placement is underway across approximately 345 locations. The Company shipped initial stock and in-store demonstration units to the network in July, and subsequent restocks have begun shipping.Australia /New Zealand : The Company received initial purchase orders for more than 3,000 smart eyewear units from Directed Electronics, its exclusive distributor forAustralia and New Zealand . The orders are expected to ship in October 2026 and are not included in third quarter net sales. Directed Electronics has more than 20 years of experience bringing international consumer electronics brands to market acrossAustralia and New Zealand .
Management Commentary
"Our preliminary third quarter results reflect continued progress in executing our growth strategy," said Harrison Gross, CEO of Innovative Eyewear. "We delivered the highest quarterly net sales in our history while intentionally running promotional pricing on older models and conserving advertising and marketing spend. That approach clears the way for the planned fourth quarter launch of Lucyd Aero™, our lightest and most advanced smartglasses to date, as we head into what has historically been our strongest quarter of the year. At the same time, we opened three new wholesale and international channels during the quarter: a major
The preliminary net sales figures in this press release are estimates based on information available to management as of the date of this release. They are unaudited and remain subject to completion of the Company's quarter-end financial close procedures and of the review of its interim financial statements by its independent registered public accounting firm. That firm has not audited, reviewed, compiled or performed any procedures with respect to these preliminary figures and does not express an opinion or any other form of assurance on them. Actual results may differ materially from these preliminary estimates. The Company expects to report its full third quarter 2026 financial results in mid-November 2026 with the filing of its Quarterly Report on Form 10-Q.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and 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 third quarter 2026 net sales, the expected timing of shipments and retail placement under initial purchase orders, the planned launch of Lucyd Aero™, and growth expectations for the fourth quarter of 2026 and fiscal year 2027. 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, except as required by law. 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 for the year ended December 31, 2025 and its subsequent Quarterly Reports on Form 10-Q, under the caption "Risk Factors." These factors include, among others: adjustments to preliminary net sales arising from completion of the Company's quarter-end close and the review of its interim financial statements; the timing and volume of orders, reorders, shipments and sell-through at the Company's retail and distribution partners; the timing and market acceptance of new products, including Lucyd Aero™; the Company's ability to obtain additional financing and to continue as a going concern; and the Company's ability to maintain compliance with The Nasdaq Stock Market's continued listing requirements.
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: ir@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 Q3 2026 net sales?
Innovative Eyewear reported preliminary, unaudited Q3 2026 net sales of approximately $1.04 million, up approximately 55% from Q3 2025. This was its highest quarterly net sales and thirteenth consecutive quarter of year-over-year revenue growth.
When will Innovative Eyewear's new U.S. retail rollout begin, and how far has its Canadian launch progressed?
The U.S. retailer's in-store sales are expected to begin in October 2026, while the Canadian launch commenced during Q3. The U.S. retailer plans to offer the products in more than 150 stores nationwide. Product placement with FYihealth Group is underway across approximately 345 locations.
When will Innovative Eyewear report full Q3 2026 financial results?
Innovative Eyewear expects to report full Q3 2026 financial results in mid-November 2026 with its Quarterly Report on Form 10-Q. Its independent registered public accounting firm has not audited, reviewed, compiled or performed procedures on the preliminary sales figures and provides no assurance on them.