Company Analysis

Innovative Eyewear, Inc. (LUCY)

Nasdaq: LUCY · Ophthalmic Goods · Miami, FL · filing with the SEC since 2020
Grade3.6
◀ Past 2.2● Present 3.2▶ Future 5.6
2 est.

The grade of Innovative Eyewear, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.6/10
◀ Past2.230% of the headline
● Present3.240% of the headline
▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.2/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.3/10

Has it survived what it has been through?

3 warning events since 2020; the latest 2026-10-15.

weight 33% of this tense · 13th percentile among 8 sector filers · read for itself

From the record

Innovative Eyewear, Inc.'s filings since 2020 show 3 warning events: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2026-10-15) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.8/10

What has it actually done, year after year?

+40.1% a year over 5 filed years; profitable in 0 of 5.

weight 45% of this tense · 38th percentile among 8 sector filers · read for its customers

From the record

Innovative Eyewear, Inc.'s 5 filed years say what it did: revenue went from $691 thousand in fiscal 2021 to $3 million in fiscal 2025, up 40.1% a year; it rose in 3 of 4 years; the deepest fall was 4% from fiscal 2021 to fiscal 2022; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span40.1%top 19% of its family
  • the share of years revenue rosebottom 6% of its family
  • the share of filed years with a profitbottom 6% of its family
  • the deepest fall from a revenue peak4.5%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.6/10

How has it treated the people who own it?

SI estimate 0.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 6th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 6% of 8 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 8 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Innovative Eyewear, Inc.'s shareholder treatment is put at 0.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 6% of 8 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
2.9/10

Is it financially healthy right now?

ROE -84%: lost 84¢ per shareholder dollar. Leverage 11%: owes 11¢ per asset dollar.

weight 45% of this tense · 29th percentile among 8 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Innovative Eyewear, Inc. lost about 84 cents for every dollar of shareholders' money, and gross profitability: its products earned about 6 cents per dollar of everything the company owns. Leverage: it owed about 11 cents per dollar of assets, and net share issuance: its share count grew 166.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 6% of its family
  • return on equitybottom 6% of its family
  • gross profit against assetsbottom 8% of its family
  • the share count against the year beforebottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.5/10

How strong is its position in its industry?

bottom 35% of 8 in its family; net margin -285.2%.

weight 33% of this tense · 35th percentile among 8 sector filers · read for its customers

From the record

Innovative Eyewear, Inc.'s standing among 8 graded names in its industry family: revenue of $3 million in fiscal 2025 ranks in the bottom 6% by size; a net margin of -285.2% ranks in the bottom 6%; revenue growth of 59.2% a year over the last 3 filed years ranks in the top 6% (its annual reports).

What it rests on

  • revenue against the family$2.7Mbottom 6% of its family
  • net margin-285.2%bottom 6% of its family
  • three-year revenue growth59.2%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
3.6/10

What are the people in charge doing?

SI estimate 3.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 36th percentile among 7 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 36% of 7 in its family; the record of its people begins on 2022-08-15 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.2 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2022-08-15 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.2 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 7 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Innovative Eyewear, Inc.'s leadership is put at 3.6 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 36% of 7 in its family; the record of its people begins on 2022-08-15 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.2 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.6/10

How much room does it have to grow?

bottom 46% of 8 in its family for room to expand.

weight 45% of this tense · 46th percentile among 8 sector filers · read for itself

From the record

Innovative Eyewear, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $7 million against no long-term debt tagged leaves 64.2% of its assets as net cash, top 6% of its family; cash from operations less capital spending is -276.1% of revenue (bottom 6%); a gross margin of 21.3% (bottom 8%); research spending of 27.3% of revenue (top 25%) (its annual report).

What it rests on

  • cash less debt against assets64.2%top 6% of its family
  • cash from operations less capital spending against revenue-276.1%bottom 6% of its family
  • gross margin21.3%bottom 8% of its family
  • research spending against revenue27.3%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.2/10

What could actually drive growth from here?

top 38% of 8 in its family for growth drivers.

weight 33% of this tense · 62nd percentile among 8 sector filers · read for its customers

From the record

Innovative Eyewear, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 59.2% a year over the last three filed years against 40.1% over all 5, speeding up (top 6% of its family); the newest year grew 62.7% (top 6%); research spending grew 11.4% a year (bottom 42%); capital spending grew -15.8% a year (bottom 19%) (its annual reports). Innovative Eyewear, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+19.1 points a yeartop 6% of its family
  • the newest year's revenue growth62.7%top 6% of its family
  • three-year growth of research spending11.4%bottom 42% of its family
  • three-year growth of capital spending-15.8%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.9/10

Did its newest year beat what its own record pointed to?

top 31% of 8 in its family for expectations against reality.

weight 22% of this tense · 69th percentile among 8 sector filers · read for its shareholders

From the record

Innovative Eyewear, Inc.'s newest year against its own record: revenue of $3 million in fiscal 2025 came in 3.3% above the $3 million its prior three years' pace pointed to (top 19% of its family); net income of $8 million against a prior three-year average of $7 million (bottom 31%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 6%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace3.3%top 19% of its family
  • net income against the prior three years' average-13%bottom 31% of its family
  • net margin against its prior averageup more than 100 pointstop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LUCY · research, not advice