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Innovative Eyewear, Inc.
(NASDAQ:LUCY)
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Rating:43Neutral
Price Target:
$0.81
▼(-24.02% Downside)
Action:Reiterated
Date:10/16/26
The score is held down primarily by heavy ongoing losses and substantial negative operating/free cash flow, indicating continued reliance on external funding. Technicals are also weak with the stock below longer-term averages and negative MACD. A Nasdaq minimum bid price notice adds incremental risk, while valuation support is limited due to losses and no dividend data.
Positive Factors
Revenue Growth
Revenue growth and accelerating demand provide evidence that the company’s smart-eyewear products are gaining traction. A larger revenue base could improve operating leverage over time, although the business must convert this growth into substantially better profitability.
Negative Factors
Severe Operating Losses
The company’s cost structure remains far too large for its current revenue base, producing substantial operating and net losses even after direct product costs are covered. Unless growth brings meaningful operating leverage, persistent losses will continue to erode equity and require outside financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth and accelerating demand provide evidence that the company’s smart-eyewear products are gaining traction. A larger revenue base could improve operating leverage over time, although the business must convert this growth into substantially better profitability.
Read all positive factors
Innovative Eyewear, Inc. (LUCY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.89M
Dividend YieldN/A
Average Volume (3M)161.84K
Price to Earnings (P/E)―
Beta (1Y)2.34
Revenue Growth72.50%
EPS Growth58.34%
CountryUS
Employees13
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)-1.35
Shares Outstanding8,712,263
10 Day Avg. Volume139,781
30 Day Avg. Volume161,843
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.44
Price to Sales (P/S)1.49
P/FCF Ratio-0.53
Enterprise Value/Market Cap0.19
Enterprise Value/Revenue0.38
Enterprise Value/Gross Profit1.67
Enterprise Value/Ebitda-0.17
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-1.23
Revenue Forecast (FY)$7.20M
Innovative Eyewear, Inc. Business Overview & Revenue Model
Company Description
Lucyd, Inc develops and sells smart eyewear in North America. It offers smart eyewear products to enable wearer to listen to music, take and make calls, and use voice assistants and ChatGPT to perform smartphone tasks hands-free, as well as prescr...
Innovative Eyewear, Inc. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.41M | 2.66M | 1.64M | 1.15M | 659.79K | 690.67K |
| Gross Profit | 777.54K | 567.45K | 215.19K | -119.33K | -56.29K | 148.25K |
| EBITDA | -7.60M | -7.46M | -7.62M | -6.58M | -5.54M | -3.20M |
| Net Income | -7.69M | -7.59M | -7.77M | -6.66M | -5.68M | -3.24M |
Balance Sheet | ||||||
| Total Assets | 7.47M | 10.14M | 9.84M | 6.22M | 4.69M | 824.32K |
| Cash, Cash Equivalents and Short-Term Investments | 3.74M | 6.51M | 7.52M | 4.29M | 3.59M | 79.73K |
| Total Debt | 49.40K | 0.00 | 0.00 | 0.00 | 61.36K | 289.03K |
| Total Liabilities | 574.38K | 1.07M | 743.17K | 659.94K | 665.46K | 616.80K |
| Stockholders Equity | 6.90M | 9.07M | 9.10M | 5.56M | 4.02M | 207.52K |
Cash Flow | ||||||
| Free Cash Flow | -7.39M | -7.53M | -7.01M | -6.02M | -3.44M | -1.33M |
| Operating Cash Flow | -7.20M | -7.28M | -6.74M | -5.77M | -3.22M | -1.21M |
| Investing Cash Flow | -262.15K | 4.48M | -5.16M | -198.75K | -219.95K | -118.45K |
| Financing Cash Flow | 2.29M | 6.68M | 10.24M | 6.66M | 6.96M | 1.39M |
Innovative Eyewear, Inc. Technical Analysis
Negative
1.07
Price Trends
0.88
Negative
0.85
Negative
0.99
Negative
Market Momentum
-0.02
Positive
38.86
Neutral
56.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LUCY, the sentiment is Negative. The current price of 1.07 is above the 20-day moving average (MA) of 0.87, above the 50-day MA of 0.88, and above the 200-day MA of 0.99, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 38.86 is Neutral, neither overbought nor oversold. The STOCH value of 56.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LUCY.
Innovative Eyewear, Inc. Risk Analysis
Innovative Eyewear, Inc. disclosed 40 risk factors in its most recent earnings report. Innovative Eyewear, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Innovative Eyewear, Inc. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $6.28B | -36.76 | -2.67% | ― | 8.85% | 37.70% | |
56 Neutral | $1.16B | 290.38 | 1.08% | ― | 51.30% | ― | |
54 Neutral | $11.63B | 20.87 | 6.88% | 0.02% | 4.73% | 43.89% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | $47.73M | -9.39 | -23.92% | ― | 65.16% | 45.07% | |
43 Neutral | $6.89M | -0.59 | -88.90% | ― | 72.50% | 58.34% |
* Healthcare Sector Average
LUCY
Innovative Eyewear, Inc.
0.79
-1.01
-56.06%
COO
Cooper Co
61.14
-11.71
-16.07%
STAA
Staar Surgical
23.23
-4.55
-16.38%
POCI
Precision Optics Corporation
4.35
0.13
3.08%
BLCO
Bausch + Lomb Corporation
17.58
2.21
14.38%
Innovative Eyewear, Inc. Corporate Events
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Innovative Eyewear Receives Nasdaq Minimum Bid Price Notice
Negative
Oct 15, 2026
On October 9, 2026, Innovative Eyewear received notice from Nasdaq that it had fallen out of compliance with the exchange’s $1.00 minimum bid price rule after its shares closed below that threshold for 30 consecutive business days. The notic...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.