Financial Snapshot

Revenue
$1.530M
TTM
Gross Margin
6.66%
TTM
Net Earnings
-$7.865M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
1473.13%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$7.344M
Q2 2024
Cash
Q2 2024
P/E
-1.608
Sep 17, 2024 EST
Free Cash Flow
-$6.037M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $1.152M $659.8K $0.00 $60.00K $0.00
YoY Change 74.67% -100.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $1.152M $659.8K $0.00 $60.00K $0.00
Cost Of Revenue $1.272M $716.1K $542.4K $70.00K $10.00K
Gross Profit -$119.3K -$56.29K $148.3K -$20.00K $0.00
Gross Profit Margin -10.35% -8.53% -33.33%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $5.934M $4.856M $3.157M $600.0K $100.0K
YoY Change 22.21% 53.8% 426.18% 500.0%
% of Gross Profit 2129.51%
Research & Development $662.2K $524.7K $86.26K $40.00K $0.00
YoY Change 26.2% 508.26% 115.65%
% of Gross Profit 58.18%
Depreciation & Amortization $61.09K $22.10K $498.00 $0.00
YoY Change 176.43% 4337.95%
% of Gross Profit 0.34%
Operating Expenses $6.736M $5.520M $3.353M $640.0K $100.0K
YoY Change 22.02% 64.62% 423.96% 540.0%
Operating Profit -$6.856M -$5.577M -$3.205M -$660.0K -$100.0K
YoY Change 22.93% 73.99% 385.62% 560.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $3.036K $105.2K $39.43K $0.00 $0.00
YoY Change -97.11% 166.71%
% of Operating Profit
Other Income/Expense, Net $192.1K -$105.2K $0.00 $0.00 $0.00
YoY Change -282.67%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$6.663M -$5.680M -$3.240M -$770.0K -$110.0K
YoY Change 17.31% 75.31% 320.78% 600.0%
Income Tax
% Of Pretax Income
Net Earnings -$6.663M -$5.682M -$3.245M -$770.0K -$110.0K
YoY Change 17.28% 75.12% 321.36% 600.0%
Net Earnings / Revenue -578.18% -861.16% -1283.33%
Basic Earnings Per Share -$0.63 -$0.87
Diluted Earnings Per Share -$0.63 -$0.87 -$0.42 -$0.10 -$0.01

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $4.287M $3.590M $80.00K $30.00K $0.00
YoY Change 19.43% 4387.5% 166.67%
Cash & Equivalents $4.287M $3.590M $80.00K $30.00K $0.00
Short-Term Investments
Other Short-Term Assets $702.9K $450.0K $240.0K $110.0K $0.00
YoY Change 56.19% 87.5% 118.18%
Inventory $533.2K $90.00K $280.0K $0.00 $0.00
Prepaid Expenses
Receivables $93.21K $110.0K $40.00K $0.00
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $5.617M $4.240M $640.0K $140.0K $0.00
YoY Change 32.47% 562.5% 357.14%
Property, Plant & Equipment $132.9K $120.0K $20.00K $0.00
YoY Change 10.71% 500.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $72.64K $80.00K
YoY Change -9.2%
Total Long-Term Assets $602.0K $450.0K $180.0K $70.00K $0.00
YoY Change 33.78% 150.0% 157.14%
Total Assets $6.219M $4.690M $820.0K $210.0K $0.00
YoY Change
Accounts Payable $582.0K $280.0K $170.0K $50.00K $0.00
YoY Change 107.85% 64.71% 240.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $60.00K $0.00 $600.0K $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $624.5K $600.0K $620.0K $770.0K $480.0K
YoY Change 4.08% -3.23% -19.48% 60.42%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $35.45K $70.00K
YoY Change -49.36%
Total Long-Term Liabilities $35.45K $70.00K $0.00 $0.00 $0.00
YoY Change -49.36%
Total Liabilities $659.9K $670.0K $620.0K $770.0K $480.0K
YoY Change -1.5% 8.06% -19.48% 60.42%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding
Diluted Shares Outstanding 10.52M shares 6.529M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $12.643 Million

About Innovative Eyewear Inc

Innovative Eyewear, Inc. retails eye glasses online. The company is headquartered in North Miami, Florida and currently employs 11 full-time employees. The company went IPO on 2022-08-12. The firm develops and sells smart eyeglasses and sunglasses, which are designed to allow its customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its first commercial product, Lucyd Lyte, enables the wearer to remain connected to their digital lives. Its product offering consists of 29 different models, which offers a similar amount of style variety as many traditional eyewear collections. All styles are each available with 80+ different lens types, resulting in thousands of variations of products available. The firm has over 100 licensed patents and applications. The Company’s smartglasses enable the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.

Industry: Ophthalmic Goods Peers: Nexgel Inc Xtant Medical Holdings Inc SURGALIGN HOLDINGS, INC. Predictive Oncology Inc Rockwell Medical Inc Retractable Technologies Inc Sharps Technology Inc PROJECT SAGE OLDCO, INC.