Innovative Eyewear, Inc.
Innovative Eyewear, Inc. (LUCY) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for Innovative Eyewear, Inc. (LUCY), featuring income statements, balance sheets, and cash flow data.
Innovative Eyewear, Inc. (LUCY) Income Statement & Financial Overview
Explore comprehensive income reports for Innovative Eyewear, Inc. LUCY, broken down by year and quarter.
| Metric | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| Revenue | $253599.00 | $308682.00 | $383471.00 | $615754.00 |
| Cost of Revenue | $194255.00 | $253506.00 | $376520.00 | $795902.00 |
| Gross Profit | $59344.00 | $55176.00 | $6951.00 | -$180148.00 |
| Gross Profit Ratio | $0.23 | $0.18 | $0.02 | -$0.29 |
| R&D Expenses | $131369.00 | $256802.00 | $216301.00 | $120836.00 |
| SG&A Expenses | $1.66M | $1.74M | $447651.00 | $2.19M |
| Operating Expenses | $59344.00 | $2.03M | $663952.00 | $2.32M |
| Total Costs & Expenses | $253599.00 | $2.28M | $1.04M | $3.11M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $33858.00 | $45775.00 | $29473.00 | $19231.00 |
| EBITDA | -$1.69M | -$1.90M | -$1.94M | -$2.37M |
| EBITDA Ratio | -$6.65 | -$6.16 | -$1.71 | -$4.02 |
| Operating Income | -$1.76M | $0.00 | -$657001.00 | -$2.50M |
| Operating Income Ratio | -$6.95 | $0.00 | -$1.71 | -$4.05 |
| Other Income/Expenses (Net) | $41386.00 | -$1.95M | $43279.00 | $146797.00 |
| Income Before Tax | -$1.72M | -$1.95M | -$1.97M | -$2.39M |
| Income Before Tax Ratio | -$6.79 | -$6.31 | -$5.14 | -$3.89 |
| Income Tax Expense | $1.72B | $0.00 | -$29473.00 | -$1.00 |
| Net Income | -$1.72B | -$1.95M | -$1.97M | -$2.39M |
| Net Income Ratio | -$6785.03 | -$6.31 | -$5.14 | -$3.89 |
| EPS | -$990.72 | -$1.87 | -$3.04 | -$3.70 |
| Diluted EPS | -$990.72 | -$1.87 | -$3.04 | -$3.70 |
| Weighted Avg Shares Outstanding | $1.74M | $1.04M | $647605.00 | $647441.00 |
| Weighted Avg Shares Outstanding (Diluted) | $1.74M | $1.04M | $647605.00 | $647441.00 |
The company's financials show resilient growth, with revenue advancing from $615754.00 in Q4 2023 to $253599.00 in Q3 2024. Gross profit remained healthy with margins at 23% in Q3 2024 compared to -29% in Q4 2023. Operating income hit -$1.76M last quarter, sustaining a consistent -695% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$1.69M. Net income dropped to -$1.72B, while earnings per share reached -$990.72. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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