INNOVATIVE EYEWEAR INC - LUCYW STOCK NEWS

Innovative Eyewear (NASDAQ: LUCY) has launched 'Moonbeam', a new AI-integrated smart eyewear under its Lucyd® brand. The round-frame P3 optical design targets underserved demographics, specifically women, youth, and men with narrow faces.

The new product features key technological capabilities including:

• Open-ear audio technology
• ChatGPT and voice assistant integration
• Enhanced ergonomic controls for calls and audio
• Lightweight construction for all-day wear

Moonbeam is currently available through Lucyd.co with prescription options and will be distributed via select retail partners and online marketplaces.

Innovative Eyewear (NASDAQ: LUCY) reported its full year 2024 financial results, showing a 42% revenue increase to $1,636,440 from $1,152,479 in 2023. The growth was driven by new product launches including Nautica®, Eddie Bauer®, and Lucyd Armor safety smart glasses collections.

The company's gross profit margin improved to 13% in 2024 from -10% in 2023, primarily due to reduced frame and lens costs. However, operating expenses increased 21% to $8,138,892, largely due to higher sales and marketing expenses (+32%) and legal costs. The net loss for 2024 was $7,766,515 ($5.19 per share).

Q4 2024 marked the company's highest quarterly revenue at $690,688, up 12% year-over-year, with gross margin improving to 14%. The company expanded its retail presence to over 400 optical stores and partnered with Nebraska Furniture Mart. Looking ahead, LUCY plans to launch Reebok® smart glasses lines in 2025.

Innovative Eyewear (NASDAQ: LUCY) has announced a significant update to its Lucyd App's Walkie feature, introducing secure and private walkie channels for premium subscribers. The enhancement enables encrypted communication through Lucyd smart eyewear, targeting businesses and organizations requiring confidential communication.

The update, launched on February 24, 2025, is available to premium subscribers at $7.99/month. The secure walkie channels are designed for various sectors including corporate teams, healthcare facilities, retail operations, and logistics & security personnel. The feature allows hands-free, private communication through Lucyd glasses, which are available under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands.

Innovative Eyewear (Nasdaq: LUCY) has announced its participation in MIDO 2025, the world's leading eyewear exhibition in Milan, Italy, from February 8th to 10th. The company will debut its Reebok Smart Eyewear line, designed for active lifestyles, featuring integrated wearable audio technology with lightweight, sport-focused frames.

The new collection offers enhanced audio features including crystal-clear open-ear audio, deeper bass, and seamless connectivity with voice assistants and fitness apps. Key features include hi-fi sound performance, professional audio tuning, and customizable lens options including prescription, polarized, and transition lenses.

Visitors to the Lucyd booth can experience the complete product lineup, including the Lucyd Lyte, Nautica, Eddie Bauer, and Armor Smart Safety Eyewear Collections. The company will also provide exclusive previews of its next-generation products during the exhibition.

Innovative Eyewear (NASDAQ: LUCY) has announced a new retail partnership with Micro Center, a leading U.S. tech retailer, to expand the distribution of its ChatGPT-enabled smart eyewear products. The partnership includes nationwide in-store presence and online sales through microcenter.com, featuring brands like Lucyd®, Nautica®, Eddie Bauer® and Reebok®.

The collaboration will incorporate Lucyd's customizable interactive displays in Micro Center stores to enhance customer experience and sales performance. The deal was facilitated through Innovative's partnership with Windsor Eyes, their premier optical distributor in the U.S. Micro Center, established in 1979 in Columbus, Ohio, is recognized as a major supplier of information technology, communications, and electronic devices across major U.S. markets.

Innovative Eyewear (NASDAQ: LUCY) has announced that its Lucyd Armor™ smart safety glasses have received CAN/CSA Z94.3:20 safety certification for workplace use in Canada. The Armor line, launched in October 2024, has achieved significant market traction with a 4.1/5 rating on Amazon and over 90% of initial production sold.

The company plans to expand distribution through Amazon.ca and partnerships with Canadian eyewear retailers New Look and Kits.com in 2025. The Lucyd Armor™ is part of the company's ChatGPT-enabled smart eyewear portfolio, which includes brands such as Nautica®, Eddie Bauer® and Reebok®.

Innovative Eyewear (NASDAQ: LUCY), developer of ChatGPT-enabled smart eyewear under multiple brands including Lucyd®, Nautica®, Eddie Bauer® and Reebok®, has announced its participation in several key industry events during Q1 2025. Following successful meetings at CES Las Vegas, the company will showcase its technology at six major events:

The schedule includes the Vision Council Executive Summit in Santa Barbara (Jan 22-24), Skyline Signature Series virtual event (Jan 30), MIDO Eyewear Show in Milan (Feb 8-10), Vision Expo East in Orlando (Feb 19-22), National Hardware Show in Las Vegas (Mar 18-20), and eMerge Americas Conference in Miami (Mar 27-28). The company will present its latest developments in smart eyewear technology and connect with industry professionals, potential partners, and investors.

Innovative Eyewear (NASDAQ: LUCY) has launched the Lucyd Lyte 2024 Edition smart glasses with significant upgrades. The new models feature TR90 plastic for improved adjustability and durability, resulting in a 10% weight reduction from 48 to 44 grams. Key improvements include enhanced smart features with ChatGPT-4 integration, VOIP-powered chat service, and better charging capabilities. The collection includes four models: Darkside and Eclipse with transitional lenses, and Millennia and Moonrise with polarized gradient lenses. These improvements are expected to extend to Reebok, Nautica, and Eddie Bauer product lines in 2025.

Innovative Eyewear (NASDAQ: LUCY) reported Q3 2024 revenue of $253,599, up 14% from Q3 2023. Year-to-date revenue reached $945,752, a 76% increase year-over-year. Growth was driven by new product launches, including Lyte XL and co-branded collections with Nautica® and Eddie Bauer®. The company achieved key milestones: launching on Target.com, signing a Middle East distribution agreement, and unveiling ANSI-certified smart safety glasses. Lens fulfillment costs decreased by 50% in Q3 2024. The company expects to launch Reebok® Powered by Lucyd line in Q1 2025 and anticipates improved gross margins from new supplier arrangements.