10-Q · May 14, 2026
Innovative Eyewear, Inc. reported a 70% increase in revenue for Q1 2026 to $773,561 compared to $454,501 in Q1 2025, driven primarily by strong demand for its Lucyd Armor smart safety glasses. Despite the revenue…
Earnings analysis · 10-Q
LUCY earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
The provided filing extract does not contain Q2 2026 income statement, balance sheet, cash flow, segment, or MD&A data, so current-period financial trends cannot be assessed. The principal disclosed issue is that…
Read full summary
The provided filing extract does not contain Q2 2026 income statement, balance sheet, cash flow, segment, or MD&A data, so current-period financial trends cannot be assessed. The principal disclosed issue is that disclosure controls were not effective as of June 30, 2026 due to material weaknesses in internal control over financial reporting. The filing states there were no material changes to risk factors from the 2025 Form 10-K and discloses 40,582 aggregate executive shares sold under Rule 10b5-1 plans during the quarter.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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No Material Pending Legal Proceedings
The company reported no material pending legal proceedings, stating it is not currently subject to any such proceedings.
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No Control Changes During Q2
The filing states there was no change in internal control over financial reporting during Q2 2026 that materially affected, or was reasonably likely to materially affect, controls.
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Insider Sales Were Plan-Based
Five executives sold shares under Rule 10b5-1 plans during the quarter: the CEO sold 13,764 shares, the Chief AI and Growth Officer 6,692, the CTO 7,773, the CFO 7,574, and the COO 4,779.
What to watch
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Disclosure Controls Were Ineffective
The CEO and CFO concluded that disclosure controls and procedures were not effective as of June 30, 2026 as a result of material weaknesses in internal control over financial reporting.
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Material Weaknesses Persist
The filing identifies material weaknesses in internal control over financial reporting as the reason controls were ineffective as of June 30, 2026, limiting confidence in the timeliness and reliability of reported information.
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Executive Share Sales
Executives sold an aggregate of 40,582 shares during Q2 2026 under Rule 10b5-1 plans, including 13,764 shares sold by the CEO and 7,574 by the CFO. The transactions were made pursuant to plans adopted on December 9, 2025.
Management's outlook
The provided filing text does not include quantitative revenue or EPS guidance, and no MD&A outlook was provided.
Earlier filings 4
10-K · March 25, 2026
Innovative Eyewear, Inc. reported a revenue increase of 63% to $2.66 million for the year ending December 31, 2025, compared to $1.64 million in 2024. Despite significant sales growth, the company continues to operate…
10-Q · November 13, 2025
Innovative Eyewear, Inc. experienced substantial revenue growth in Q3 2025, with revenues reaching $668.1 million, a 163% increase year-over-year, although it fell short of analyst expectations. Despite an EPS of -$0.38…
10-Q · August 14, 2025
In Q2 2025, LUCY reported revenues of $579,230, representing an 88% year-over-year increase but falling short of analyst estimates of $1,000,000. The company's diluted EPS improved slightly to -0.66 from -0.72 in the…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.