Innovative Eyewear (NASDAQ:LUCY) Announces Earnings Results

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

Innovative Eyewear Stock Down 3.5 %

Shares of Innovative Eyewear stock opened at $3.04 on Wednesday. The company’s 50 day moving average is $4.64 and its 200 day moving average is $6.07. The company has a market cap of $7.42 million, a price-to-earnings ratio of -0.31 and a beta of 2.75. Innovative Eyewear has a twelve month low of $3.00 and a twelve month high of $27.20.

About Innovative Eyewear

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.