PR Newswire·Nov 9, 2026, 11:45 AM ET

Innovative Eyewear Reports Third-Quarter 2026 Results

LUCY

Innovative Eyewear reported Q3 2026 net revenue of $1,009,696, a 51% year-over-year increase marking the 13th consecutive quarter of growth.
Nine-month 2026 net revenue reached $2,793,776, up 64% year-over-year, exceeding the full-year 2025 revenue of $2,661,669.
Lucyd Armor unit sales rose 164% in Q3 to approximately 7,800 units, including an initial order of 2,300 units from a major U.S. big-box retailer.
Wholesale revenue increased to $223,305 in Q3 from $25,796 in the prior-year quarter, while nine-month wholesale revenue rose to $358,443.
Gross margin for Q3 was 32%, impacted by inventory provisions \& higher commissions but offset by lower sourcing costs \& $124,854 in tariff refunds.
Total operating expenses were $2,659,283 for Q3, driven by higher compensation, public relations, license royalties, \& R&D costs for a 2027 product upgrade.
The Company reported a Q3 net loss of $2,287,141 ($0.27 per share) compared to a loss of $1,836,267 in the prior-year quarter.
As of September 30, 2026, the Company held $4.5 million in cash \& equivalents, maintained net working capital of $6.7 million, \& carried no debt.
Lucyd Armor displays are being installed in over 150 stores of a major U.S. big-box retailer as of November 1, 2026.
Directed Electronics is shipping initial orders to Australia \& New Zealand, \& FYihealth Group is placing products in approximately 345 clinics across Canada.
Reebok Smart Eyewear Powered by Lucyd was named to TIME's Best Inventions of 2026 list, \& Lucyd Armor received the Red Dot Design Award 2026.
The Lucyd Aero smart eyewear collection launched in October 2026, \& the Company continues a strategic alliance with HTC to offer VIVE Eagle eyewear.

Company: Innovative Eyewear, Inc.
Keywords: Innovative Eyewear, Inc.