Innovative Eyewear (NASDAQ:LUCY) Releases Quarterly Earnings Results, Beats Estimates By $0.75 EPS

Innovative Eyewear (NASDAQ:LUCY) announced its quarterly earnings results on Monday. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.16) by $0.75, Zacks reports. The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $1.00 million. Innovative Eyewear had a negative net margin of 514.01% and a negative return on equity of 115.86%.

Innovative Eyewear Stock Performance

Shares of NASDAQ LUCY opened at $3.04 on Wednesday. The company has a market cap of $7.42 million, a PE ratio of -0.31 and a beta of 2.75. The firm’s 50 day moving average price is $4.64 and its 200-day moving average price is $6.07. Innovative Eyewear has a 52-week low of $3.00 and a 52-week high of $27.20.

Innovative Eyewear Company Profile

Innovative Eyewear, Inc develops and sells smart eyeglasses and sunglasses. The company's flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice.