Innovative Eyewear (NASDAQ:LUCY) Announces Quarterly Earnings Results

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

Innovative Eyewear Stock Down 5.6 %

LUCY traded down $0.19 during trading on Monday, reaching $3.18. 25,557 shares of the stock traded hands, compared to its average volume of 24,980. The stock has a market capitalization of $7.77 million, a PE ratio of -0.33 and a beta of 2.75. The stock’s 50-day moving average is $4.74 and its 200 day moving average is $6.09. Innovative Eyewear has a 12 month low of $3.00 and a 12 month 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.