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Tekcapital ( (GB:TEK) ) has issued an announcement.
Innovative Eyewear Inc. reported a significant revenue increase of 88% in Q2 2025 compared to Q2 2024, driven by strong consumer demand for new products like the Lucyd Armor smart safety glasses and the Reebok Powered by Lucyd collection. Despite the revenue growth, the company faced a net loss due to higher tariffs, but is taking steps to mitigate these impacts through strategic partnerships and expansion efforts. The company’s strategic initiatives, including partnerships with Smartech Retail Group and EyeRecommend, aim to enhance market presence and address specific user needs in the smart eyewear market.
More about Tekcapital
Innovative Eyewear Inc. is a developer and retailer of ChatGPT smart eyewear under brands such as Lucyd, Lucyd Armor, Nautica, Eddie Bauer, and Reebok. Their Bluetooth smart glasses offer users a way to stay connected to their digital lives with various frame and lens combinations to cater to the optical market. Tekcapital plc, a UK-based intellectual property investment group, creates value by investing in university-developed discoveries and owns shares in Innovative Eyewear.
Average Trading Volume: 762,992
Technical Sentiment Signal: Strong Sell
Current Market Cap: £15.96M
Learn more about TEK stock on TipRanks’ Stock Analysis page.